A senior Seoul official on Thursday hailed an elevated level of trilateral cooperation between South Korea, the United States and Japan on key technologies, supply chains and other economic security issues, using a rare term for the growing partnersh…

A senior U.S. Army official on Thursday highlighted the importance of military maintenance and logistics cooperation with South Korea, calling it a “win-win” effort that will help ensure deterrence.

Speaking at a forum, Douglas Bush, assistant secre…

SEOUL: Loans extended by private money lenders in South Korea dropped sharply from a year earlier in 2023, while the number of people borrowing from private lenders also dropped significantly, data showed Friday.

As of end-2023, outstanding loans fro…

After the National Assembly on Thursday elected its vice speaker and heads of seven standing committees – whose posts were assigned to the governing People Power Party (PPP) – the new legislature can finally function at full capacity for the first ha…

Financial watchdog’s decision to delay 2nd phase of DSR adds to uncertainty in the market

The Financial Services Commission, South Korea’s top financial regulator, has suddenly delayed the planned implementation of the second phase for tighter debt …

SEOUL: South Korea’s industry ministry said Friday it has discussed ways to expand ties in addressing supply chain and export control issues with Washington under a regular bilateral dialogue.

Industry Minister Ahn Duk-geun and his U.S. counterpart, …

Online comics company Webtoon Entertainment Inc., owned by South Korea’s top internet platform Naver, advanced nearly 10 percent in its first trading session on Wall Street on Thursday, putting its corporate value at US$2.92 billion.

Webtoon Enterta…

SEOUL: LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Friday it has suspended the construction of a battery production line for energy storage systems (ESS) in its Arizona plant.

In April, LGES began the construction of the…