The government said Monday it will make a decision on a proposed shutdown of all cryptocurrency exchanges after "sufficient consultation and coordination of opinions" as the proposal sparked confusion in the market and anger among investors.The Office for Government Policy Coordination made the an

Prosecution investigators raided the office of a school foundation headed by an opposition lawmaker Monday over suspicions that he received illegal political funds through the foundation.Rep. Hong Moon-jong of the main opposition Liberty Korea Party is suspected of taking hundreds of millions of won

South and North Korea will hold working-level talks this week to work out details on the North's participation in next month's Winter Olympic Games, the unification ministry said Sunday.The talks to be held on Monday will focus mostly on the North's plan to send an art troupe to the Feb.

The world's skating governing body said Thursday that North Korea has met the "technical requirements" to participate in the 2018 Winter Olympics in South Korea.The International Skating Union (ISU) also said it will refer the matter of North Korea's late entry in figure skating to the Int

U.S. President Donald Trump voiced hope Wednesday that recent high-level talks between South and North Korea will lead to "success for the world."The two Koreas met for the first time in more than two years Tuesday and agreed to hold military talks to ease tensions along their border. North Korea

North Korea is expected to send a delegation of between 400-500 people to South Korea for the PyeongChang Winter Olympics, Prime Minister Lee Nak-yon said Wednesday.On Tuesday, South and North Korea agreed, in their first high-level talks since 2015, that the North would send high-ranking officials,

South Korea's Marine Corps received the first two multirole helicopters from the country's arms agency Wednesday, moving a step toward its aim of creating an independent aviation unit.The MUH-1s, the Marine version of the KUH-1 Surion developed by Korea Aerospace Industries (KAI), represent

Prosecutors on Tuesday cleared a former presidential aide of leaking the classified transcript of a 2007 inter-Korean summit, which sparked a political dispute in 2012 over whether late President Roh Moo-hyun conceded to the North over the de facto maritime border in the Yellow Sea.The Seoul Central

Prosecutors requested a court order on Monday to freeze some 6 billion won (US$5.62 million) in assets held by former President Park Geun-hye to forfeit them in case of a conviction of bribery involving the state spy agency.The Seoul Central District Prosecutors' Office said it has filed for the

South Korea's financial authorities will inspect six major local banks over virtual accounts offered to cryptocurrency exchanges in a move to curb speculation and crack down on money laundering, a senior official said Sunday.In a rare move, the Financial Intelligence Unit and the Financial Super

South and North Korea may discuss ways to improve ties but only after they first settle the issue of the North's participation in the PyeongChang Winter Olympics, presidential office Cheong Wa Dae said Friday."The priority is on North Korea's participation in the PyeongChang Olympic Winter

North Korea's state media on Sunday called for inter-Korean cooperation as the two Koreas are set to hold their first formal talks in more than two years early this week.The two sides agreed Friday to hold high-level talks at the border village of Panmunjom on Tuesday to discuss Pyongyang's

China's chief negotiator on North Korea's nuclear problem on Friday welcomed "positive" developments on the Korean Peninsula after the two Koreas agreed to hold talks next week to discuss the North's possible participation in the Winter Olympics, which will be held in South Korea.Kong

Prosecutors said Wednesday they will indict ousted President Park Geun-hye on additional bribery charges as early as this week over allegations that during her term Park took bribes from the state spy agency.An official from the Seoul Central District Prosecutors' Office said that prosecutors ar

President Moon Jae-in vowed efforts to revitalize the country's shipbuilding industry Wednesday, noting the country continues to maintain a cutting-edge technology that can easily turn the tide around."Over the past few years, our shipbuilding industry has been experiencing the worst recession

President Moon Jae-in should have stopped relying too heavily on the so-called Undonggwon political forces in Korea when he still had time to do so. This is the opinion prevailing among the people in Korea, especially the conservative-oriented people, who gave him an aye vote at the time of the last

President Moon Jae-in on Tuesday vowed to step up efforts to repair ties with North Korea, upgrade public safety systems and improve the daily lives of ordinary citizens this year.In a meeting for the new year with more than 200 leaders of various sectors, the president laid out two main objectives

President Moon Jae-in called for swift measures to realize North Korea's participation in the PyeongChang Winter Olympic Games here on Tuesday, one day after the reclusive North Korean leader hinted at a resumption of inter-Korean dialogue to the end."I hope the Unification Ministry and the Min

The top organizer for the 2018 PyeongChang Winter Olympics on Monday welcomed North Korea's expression of interest in participation in the games, saying the gesture was akin to "a gift on New Year's Day."Lee Hee-beom, head of the organizing committee for PyeongChang 2018, said it was "a p

Former President Lee Myung-bak on Monday denied allegations that his government had signed a dual contract with the United Arab Emirates in relation to South Korea's exports of nuclear reactors to the Middle East nation while showing a cynical attitude toward the incumbent government.Rumors have