The United States respects South Korea's decision to seek an early return of more than two dozen American military bases in the country and will work with its ally to get the bases returned "as expeditiously as possible," U.S. Forces Korea said Tuesday.South Korea's presidential office Che
President Moon Jae-in on Tuesday asked the National Assembly to send a confirmation hearing report on a justice minister nominee facing corruption allegations involving his family, moving a step closer to appointing him.While on overseas trips, the president requested parliament to send the hearing
South Korea and Myanmar agreed Tuesday to open a new chapter in their relations by ramping up partnerships in the economy, culture and development.The accord came at talks here between the leaders of the two countries -- President Moon Jae-in and State Counsellor Aung San Suu Kyi. Moon was on a stat
South Korea's foreign currency reserves slightly dwindled from a month earlier in August largely due to the strengthening of the U.S. dollar, which led to a dip in the dollar value of other foreign currencies held by the country, the central bank said Wednesday.The country's foreign currency
The proportion of people in South Korea aged 65 years or older could increase sharply amid a rapidly aging population, the country's statistics agency said Monday.Statistics Korea forecast that the country's population is likely to reach 39 million in 2067, sharply down from 51.7 million in
South Korea's economy grew at a slower-than-expected pace in the second quarter from three months earlier on sluggish exports and government spending, the central bank said Tuesday.The country's gross domestic product (GDP) expanded 1 percent in the April-June period, rebounding from a 0.4 p
South Korean President Moon Jae-in will head to Myanmar on Tuesday in a bid to pave the way for closer economic cooperation between the two sides.Moon's state visit to the nation, the first by a South Korean president in seven years, is in line with his administration's campaign to reach out
North Korea has hosted a dinner reception for Chinese Foreign Minister Wang Yi visiting Pyongyang, state media reported Tuesday, amid speculation that his trip might be intended to discuss North Korean leader Kim Jong-un's visit to Beijing.Wang arrived in Pyongyang on Monday on a three-day visit
Banks in South Korea saw their financial health deteriorate slightly in the second quarter of this year as tighter credit-risk rules prompted them to set aside more capital for derivatives, data showed Monday.Under the Basel Committee's so-called standardized approach for measuring counterparty
South Korea is expected to put into effect its decision to drop Japan from a list of trusted trading partners later this month, Seoul's trade ministry said Sunday, amid a growing trade row between the two Asian neighbors.Early this month, the Seoul government decided to revamp the categorization
The United States is ready to hold talks with North Korea, the State Department said Saturday, after the communist nation warned that expectations for talks with the U.S. are disappearing and threatened to roll back denuclearization measures.The North's First Vice Foreign Minister Choe Son-hui i
The leaders of South Korea and Thailand will hold summit talks in Bangkok on Monday primarily on working together in response to the fourth industrial revolution.President Moon Jae-in arrived in Bangkok a day earlier, becoming South Korea's first leader to visit the Southeast Asian nation in sev
A sharp drop in prices of key raw materials, such as iron ore, is posing a quandary for South Korean steelmakers who are eager to raise prices of their steel products for the second half of the year, industry observers said Saturday.According to data from Korea Resources Corporation, the price of ir
A top North Korean diplomat said Saturday that expectations for talks with the United States are fading away, bristling strongly at U.S. Secretary of State Mike Pompeo's description of Pyongyang's behavior as "rogue."First Vice Foreign Minister Choe Son-hui also warned the U.S. not to test
South Korean firms may face non-tariff barriers following Britain's departure from the world's single largest economic bloc despite a new trade agreement between Seoul and London, a local think tank said Saturday.Last week, the two sides inked a free trade agreement (FTA) centered on maintai
SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Friday it will file lawsuits against its local rival LG Chem Ltd. and LG Electronics Inc. in the United States for patent infringement over EV battery technology. SK Innovation said it plans to file la
South Korea's central bank has room for a further rate cut to deter a longer skid in Asia's fourth-largest economy, the bank's chief said Friday, with analysts eying a rate reduction in October.The Bank of Korea (BOK)'s monetary policy board voted to leave the bellwether rate steady,
The United States on Friday sanctioned three shipping firms for allegedly engaging in illicit ship-to-ship transfers of refined petroleum goods to North Korea.The U.S. Treasury Department announced the measures on its website, adding that the companies are based in Taiwan and Hong Kong.
Songpa-gu is a very attractive city. It was the capital city of the 500 years of the Hanseong Baekje Kingdom, where the history of Seoul began. Songpa-gu, which has the Olympic Park, which was the main venue for the 1988 Seoul Olympics, Lotte World Tower and Seokchon Lake, which have become essentia
North Korea has amended its constitution to further solidify leader Kim Jong-un's "legal" power and authority, its state media reported Thursday, summing up the results of a rubber-stamp parliamentary session.The 2nd Session of the 14th Supreme People's Assembly (SPA) convened on the day m