The chief of the South Korean central bank said Tuesday the country is expected to see a gradual easing of inflation, while market volatility has grown amid high interest rates and political uncertainties in major nations.

Bank of Korea (BOK) Gov. R…

A probe has found large-scale insurance fraud at a traditional medicine hospital involving more than 100 people, the financial regulator said Tuesday.

Around 100 “fake” patients at the hospital are suspected of having made false insurance claims wor…

Almost all bond traders expected the Bank of Korea (BOK) to freeze its key rate this week for the 12th straight session, a survey showed Tuesday.

According to the survey of 100 bond traders, conducted by the Korea Financial Investment Association la…

The defense ministry will hold a conference in Canberra this week to discuss ways to bolster bilateral defense and arms industry cooperation, officials said Tuesday, as Seoul seeks to clinch major arms contracts.

The conference, scheduled for Thursd…

The protagonist of the action thriller “Revolver” was specifically crafted and developed with actress Jeon Do-yeon in mind, the film’s director said, blending Jeon’s natural elegance and poise into the movie’s narrative.

“I wanted to incorporate int…

Monsoon rains will continue to drench much of the nation until late Wednesday, as heavy downpours of up to 50 millimeters per hour are expected to hit the southern regions during the day, the state weather agency said.

As of 8 a.m., 5 to 20 mm of ra…

The driver of a car that barreled into pedestrians and killed nine in central Seoul last week has claimed that the brakes of his car did not work at the time of the accident, officials said Tuesday.

The 68-year-old, identified only by his family nam…

The LG Twins and the Doosan Bears will temporarily relocate to the main Olympic stadium in southern Seoul while their current baseball stadium undergoes reconstruction, Seoul officials said Tuesday.

As part of Seoul’s broader construction plan to tr…