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
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
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
The South Korean government and the nation's ruling party agreed Saturday to maintain the policy of boosting economic growth with a focus on expanding the income of ordinary people.The decision was made in spite of growing criticism of the signature policy of the left-leaning Moon Jae-in adminis
South Korean President Moon Jae-in will send a special envoy to North Korea next week to arrange his scheduled summit with North Korean leader Kim Jong-un and also discuss ways to move forward the stalled denuclearization of the communist state, Seoul's presidential office Cheong Wa Dae said Fri
Defense Minister nominee Jeong Kyeong-doo, the current chairman of the Joint Chiefs of Staff (JCS), is seen as an expert in joint military operations and fit to lead defense reform long marred by inter-service rivalries.Following a parliamentary hearing process, the 58-year-old Air Force general wil
President Moon Jae-in on Thursday urged local governments to step up their own efforts to create more jobs while promising increased support from the central government."The people's concerns are growing due to a drop in recent job indicators. Many regions are also facing difficulties from the
South Korea scrambled Air Force jets Wednesday to counter a Chinese military plane flying in the country's air defense domain without notice, defense authorities in Seoul said.It entered the Korea air defense identification zone (KADIZ) at around 7:37 a.m. and moved over southern and eastern wat
South Korea is seeking to increase its defense budget 8.2 percent on-year in 2019, the largest expansion since 2008, as the country strives to build a slimmer yet smarter military and cope with the uncertain security environment.The defense ministry said Tuesday it has proposed a budget of 46.7 tril
The suspected massive opinion rigging led by a political blogger was ultimately aimed at influencing public sentiment in favor of the now-ruling Democratic Party in the run-up to last year's presidential election, special prosecutors said Monday.Special counsel Huh Ik-bum announced the result of
President Moon Jae-in on Monday stressed the need to expand national pension payments, a move that would inevitably lead to a rise in premiums, but said any change must be based on a national consensus."The national pension, fundamentally, is an official welfare system operated by the government in
South Korea's corporate watchdog said Sunday the number of conglomerate subsidiaries subject to inter-affiliate trading regulations is expected to triple under a new tighter asset standard.The Fair Trade Commission (FTC) said it will revise the antitrust law to ban inter-affiliate trading within
Lee Hae-chan, a staunch liberal and former prime minister, was elected the new chief of the ruling Democratic Party (DP) on Saturday on pledges of unwavering efforts toward national reforms and inter-Korean peace.The 66-year-old seven-term lawmaker won 42.88 percent of the vote, beating two rivals,
Tears streamed down the wrinkled face of Cho Jeong-gi as the 67-year-old South Korean met the North Korean father he has never seen."I am your first son, first son," Cho said in a trembling voice. "I had no idea I would be able to meet you."Cho was among hundreds of people from the two Koreas wh
A Seoul appellate court on Friday increased the sentence for former President Park Geun-hye by one year in a massive corruption case that led to her removal from office.The Seoul High Court sentenced Park, 66, to 25 years in prison and ordered her to pay a 20 billion won (US$17.8 million) fine.She w
South Korea will propose to North Korea the withdrawal of guard posts in certain designated areas of the Demilitarized Zone (DMZ), rather than committing to reducing by an equal number of border facilities, its defense chief said Friday.Song Young-moo made the remarks amid concerns that, should the
A second meeting between U.S. President Donald Trump and North Korean leader Kim Jong-un could give a boost to negotiations to dismantle the North's nuclear weapons program, a former U.S. intelligence official said Wednesday.Trump has dangled the possibility of a second summit following his land
U.S. President Donald Trump has said that he wants to lift sanctions on North Korea, but only after the regime gets rid of its nuclear weapons.Trump was speaking to his supporters at a rally in Charleston, West Virginia, late Tuesday, hours after the Treasury announced new sanctions targeting North
South Korea and the United States will open another round of negotiations on Wednesday, seeking to narrow differences over covering the cost of American troops stationed on the peninsula, officials said.Senior diplomats of the allies plan to hold the two-day session at the Korea Institute for Defens