South Korea is forecast to suffer a massive tax revenue shortfall for the second consecutive year in 2024 due mainly to weak corporate activities amid an economic slowdown last year, the finance ministry said Thursday.
The government is projected to…
South Korea will create a new visa program to attract foreign workers specializing in high-tech industries, the government said Thursday, as the country prepares for a society with a growing foreign population.
Justice Minister Park Sung-jae announc…
The country’s top financial watchdog warned against illegal transactions of virtual assets Thursday, calling on cryptocurrency exchanges and other virtual asset firms to strictly follow rules.
The warning came about two months after the country enac…
Seoul shares ended nearly 3 percent higher Thursday as tech stocks advanced, with hopes for additional rate cuts by the Federal Reserve lifting investor sentiment. The Korean won rose against the U.S. dollar.
The benchmark Korea Composite Stock Pric…
Hyundai Motor Co. and Kia Corp., South Korea’s leading automotive companies, said Thursday they have launched a joint project to develop cathode material technology for producing LFP (lithium iron phosphate) batteries for electric vehicles.
The join…
South Korean Foreign Minister Cho Tae-yul on Wednesday pointed out “limitations” of the U.N. Security Council (UNSC) in effectively addressing pressing security issues, citing North Korea’s transfers of weapons to Russia in breach of relevant UNSC re…
