South Korea's chief economic policymaker said Friday that it is the right time for the country to reform its economic structure as its main growth engines, including the automaking and the shipbuilding industries, are undergoing a slump."Our leading sectors are seeing their growth losing moment
The Department for Combating Economic Crimes of the Prosecutor General's Office of the Republic of Uzbekistan and Korea Financial Intelligence Unit (KoFIU) signed a Memorandum of Cooperation on Sept. 3, 2018. This was done within the framework of the Seoul Workshop 2018 of Asia/Pacific Group on
Prime Minister Lee Nak-yon said Friday that the ongoing peace process with North Korea must be kept alive so as to turn the tension-filled waters around the western sea border into a "sea of peace and prosperity."Lee made the remark during a ceremony marking Coast Guard Day, noting that there has
South Korea's top monetary policymaker will attend a meeting of the world's central bank governors in Switzerland next week, the Bank of Korea (BOK) said Friday.BOK Gov. Lee Ju-yeol is scheduled to leave for the northwestern Swiss city of Basel on Saturday for the meetings of the Bank of Int
The top diplomats of South Korea and Japan will hold talks on the sidelines of an economic forum in Vietnam next week to share the outcome of the South Korean delegation's recent trip to Pyongyang, Seoul's foreign ministry said Friday.Foreign Minister Kang Kyung-wha and her Japanese counterp
South and North Korea are expected to open their liaison office at the North's Kaesong Industrial Complex next week, a government official said Friday.Baik Tae-hyun, spokesman of the Ministry of Unification, said that discussions are under way to fix the opening date for the inter-Korean liaison
Friday, September 7, 2018Round-up of important news from major Korean dailies today And from international media:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.Trump thanks N.K. leader for having 'unwavering faith' in himU.S. President Donald Trump thank
Thursday, September 6, 2018Round-up of important news from major Korean dailies today And from international media:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.N. Korean leader Kim meets S. Korean president's special delegationNorth Korean leader Kim Jong-
Hana Pharm Co., a South Korean pharmaceutical firm, said Thursday it plans to go public on the country's main bourse next month to raise funds for facility investment to further advance its overseas market presence.Hana Pharm will offer 4.08 million shares at a price band between 24,500 won and
Hyundai Motor Co.'s significantly redesigned Avante compact on Thursday proved it is a really suitable entry-level vehicle for everyday city driving in terms of fuel efficiency and safety features.In a 130-kilometer test drive that took two hours in Namyangju, just east of Seoul, the revamped si
U.S. President Donald Trump thanked North Korean leader Kim Jong-un and pledged to work together with him on Thursday after Kim said via a South Korean envoy that his faith in Trump remains unchanged."Kim Jong Un of North Korea proclaims 'unwavering faith in President Trump.' Thank you to C
Facts and information about Emirati women-The UAE's approach for empowering women resembles a unique model to be followed in the world. Emirati woman is a partner in the development process and nurturing for future generations and an integral part of the vision of the UAE to explore the future.&
South Korea's tax agency said Wednesday that it has collected some 40 billion won (US$35.8 million) in taxes from nonprofit organizations run by the country's conglomerates over their illegal wealth transfers. The National Tax Service said they had not reported wealth transfer
South Korea's current account surplus reached its yearly high in July on the back of solid growth in exports, central bank data showed Thursday.The country's current account surplus came to US$8.76 billion in July, up from $7.25 billion a year ago, according to the preliminary data from the
The South Korean government will unveil a new set of measures later this week to curb price hikes in the local housing market, official sources said Wednesday.The country has been experiencing skyrocketing housing prices in Seoul and surrounding areas, despite a series of government-led financial an
North Korean leader Kim Jong-un met with a special delegation of South Korean President Moon Jae-in Wednesday, possibly reaffirming his commitment to establishing peace on the Korean Peninsula and denuclearizing his country."The special delegation met with Chairman Kim Jong-un to deliver the person
Monday, September 5, 2018Established during the Era of Japanese Occupation of Korea in 1896 Founder of Doosan Business Group may have wanted it to grow into a ‘Big Mountain’ This is the second installment in a series articles on leading business conglomerates in Korea and around the w
Former National Police Agency Commissioner-General Cho Hyun-oh appeared for police questioning Wednesday over his alleged involvement in massive cyber operations by the police force for the conservative Lee Myung-bak government in the early 2010s.Cho arrived at the central police headquarters in wes
South Korean President Moon Jae-in's special envoy headed to North Korea on Wednesday for talks on a proposed summit between Moon and North Korean leader Kim Jong-un, as well as ways to move forward stalled talks on ridding the North of its nuclear weapons.Chung Eui-yong, head of the presidentia
Jeju Air Co., South Korea's biggest low-cost carrier, said Tuesday it will open a new route between the country's third-biggest city and Tokyo in late October to strengthen its services.The move is part of the budget carrier's broad efforts to diversify routes for customers in cities awa