The health ministry on Friday ordered 221 training hospitals to ban mass leave and maintain essential medical personnel, as trainee doctors decided to submit their letters of collective resignations in protest of a plan to boost the number of medical students.The order came hours after trainee docto
The Organization for Economic Cooperation and Development (OECD) revised down its outlook for South Korea's economic growth this year to 2.2 percent, Seoul's finance ministry said Monday.The figure marked a 0.1 percentage-point fall from its projection of 2.3 percent made in November, according to t
A leading Korean construction business group, Booyoung, declared on February 5 that it will provide employees with 100 million won (US$75,000) per birth to help boost the country's record-low birth rate.Booyoung has delivered a combined 7 billion won to 70 employees, either man or woman, who had one
Hyundai Rotem is showcasing its advanced ground unmanned platform technology optimased for the future battlefield environment in the Middle East market. Hyundai Rotem announced on the 5th that it will participate in the '2024 Saudi International Defence Exhibition (WDS),' which will be held in Riyad
JB Financial Group signs strategic investment agreement with hanpassThe signing ceremony was attended by JB Financial Group Chairman Kim Ki-hong and hanpass CEO Kim Kyung-hoon.JB Financial Group signs strategic investment agreement with hanpass- Following 'Pinda', JB Financial Group signed a strateg
China's new visa-free policy commended by people from relevant countriesBy People's Daily reportersChina implemented a unilateral visa-free policy for ordinary passport holders from France, Germany, Italy, the Netherlands, Spain and Malaysia on a trial basis starting from Dec. 1, to further boost pe
China-ASEAN cooperation injects new impetus into global trade, investment growthBy Luo Shanshan, People's DailyThis year marks the 10th anniversary of both the vision of building a closer China-ASEAN community with a shared future and the Belt and Road Initiative put forward by Chinese President Xi
Innovation drives China's high-quality economic developmentBy He Yin, People's DailyChina received about 1.6 million patent applications in 2022, ranking first in the world, according to the World Intellectual Property Indicators 2023 report recently issued by the World Intellectual Property Organiz
To work together for China-Vietnam community with shared future that carries strategic significanceBy He Yin, People's DailyChinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee, held talks with Nguyen Phu Trong, general secretary of the Communi
South Korea's car exports hit a record high in November on strong demand for premium electric cars in the U.S. market, data showed Thursday.The combined value of car exports reached US$6.53 billion in November, marking an all-time-high monthly figure, according to the Ministry of Trade, Industry and
South Korea's exports of information and communication technology (ICT) products rose 7.6 percent in November from a year earlier, making a turnaround after falling for 16 straight months, government data showed Thursday.Outbound shipments of ICT products came to US$17.9 billion last month, compared
SK Ecoplant Co., the construction arm of South Korea's chip-to-battery conglomerate SK Group, said Wednesday it has completed its second battery recycling plant in China in an effort to meet rising battery demand in the automobile industry.The second plant, located in Yancheng, Jiangsu province, is
The finance ministry said Wednesday the government will push to make it mandatory for companies to put shrinkflation warning signs on their products if they reduce packet contents without a price fall to match.The measure is in response to growing public complaints about shrinkflation practices, whe
Dongkuk Steel Mill Co., South Korea's third-largest steelmaker, said Tuesday it has succeeded in commercializing cryogenic flexible steel for making liquefied natural gas (LNG) storage tanks.The successful commercialization caps three years of research and development, and it has passed a cryogenic
By Business Editor Kim Hyung-daeJB Financial Group (led by Chairman Kim Ki-hong) has been recognized as an 'ESG Excellent Company' for the second consecutive year by the Korea ESG Standards Institute (KCGS).This year, a total of 1,049 companies were evaluated by the Korea ESG Standards Institute whi
Finance Minister Choo Kyung-ho has vowed to continue efforts to boost foreign investors' access to the South Korean market and create favorable conditions for corporate investment, his office said Friday.Choo made the remarks during a market opening ceremony at the London Stock Exchange on Thursday
South Korea's tech giant Samsung Electronics Co. has been promoting Busan's bid to host the 2030 World Expo with displays in major European cities, company officials said Friday.Samsung recently installed new billboards advertising the southeastern port city's attractions and displaying a message of
South Korea's industry ministry said Friday it plans to closely monitor the supply of hydrogen for automobiles amid supply disruptions in the central region.The government hosted a meeting with officials from hydrogen producers, retailers and regional governments to address the ongoing shortage, acc
SEOUL, Nov. 24 (Yonhap) -- The top diplomats of South Korea, China and Japan will hold trilateral talks in the southeastern port city of Busan this weekend, Seoul's foreign ministry said Friday, a gathering expected to focus on preparations to resume the long-suspended summit of the three neighbors.
South Korea's household income grew 3.4 percent from a year earlier in the third quarter, but expenditures rose by a wider margin amid inflation, data showed Thursday.The country's households earned an average of 5.03 million won (US$3,860) per month in the July-September period, up from 4.86 millio