A legislative notice on establishing a new strategic command will be issued Friday, the defense ministry said, paving the way for launching the envisioned military unit tasked with better fending off and responding to evolving North Korean threats.
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South Korea’s producer prices rose for the sixth consecutive month in May, driven in part by the soaring prices of services and utility costs, central bank data showed Friday.
The producer price index, a major barometer of consumer inflation, increa…
South Korea’s Finance Minister Choi Sang-mok will hold talks with his Japanese counterpart, Shunichi Suzuki, next week to discuss ways of strengthening financial and economic cooperation, Seoul’s finance ministry said Friday.
The ninth Korea-Japan f…
The following are key developments regarding North Korea this week.
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June 17 — Putin to visit N. Korea on June 18-19: KCNA
18 — N. Korean soldiers briefly cross border for 2nd time in less than 2 weeks
19 — Russia, N. Korea ink partn…
Seoul shares opened lower Friday, after a mixed close on Wall Street, as investors offloaded tech and other large-cap stocks on profit taking following a three-session winning streak.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 19.8…
Hanwha Group said Friday it has invested US$100 million in Philly Shipyard Inc. to acquire a 100 percent stake in the U.S. shipbuilder, marking the first entry of a South Korean company into the U.S. shipbuilding industry.
The acquisition involves t…
Foreign Minister Cho Tae-yul spoke by phone with U.S. Secretary of State Antony Blinken and Japanese Foreign Minister Yoko Kamikawa on Friday and discussed ways to respond after Russia and North Korea signed a treaty expanding military and economic c…