SEOUL: The Asian Development Bank (ADB) revised up its outlook for South Korea’s economic growth this year to 2.5 percent given strong exports, Seoul’s finance ministry said Wednesday.

It marked a 0.3 percentage-point increase from its April forecast…

SEOUL: South Korea is closely communicating with U.S. intelligence authorities following a news report on the indictment of a well-known Korean American expert on North Korea, the spy agency said Wednesday.

The National Intelligence Service (NIS) rel…

SEOUL: Seoul shares opened lower Wednesday as investors locked in profits following a two-session winning streak despite overnight Wall Street gains.

The benchmark Korea Composite Stock Price Index fell 2.17 points, or 0.08 percent, to 2,863.92 in th…

Today (%) Previous Session(%) Change (BP)

1-year TB 3.193 3.181 +1.2

2-year TB 3.105 3.102 +0.3

3-year TB 3.050 3.035 +1.5

10-year TB 3.139 3.137 +0.2

2-year MSB 3.102 3.089 +1.3

3-year CB (AA-) 3.509 3.496 +1.3

91-day CD 3.540 3.550 -1.0

So…

SEOUL: A renowned Korean American expert on North Korea has been charged with having acted as an agent for the South Korean government in return for expensive dinners and handbags, a U.S. newspaper reported Tuesday, citing federal prosecutors in New Y…

SEOUL: The defense and science ministries on Wednesday held their inaugural policy consultation meeting to better prepare for future warfare, officials said, as South Korea seeks to build a smarter and slimmer military.

In the meeting held at the def…

SEOUL: The government is taking administrative action against Saudi Arabian airline Saudia for suspending its direct flights to South Korea without permission from aviation authorities, according to officials Wednesday.

The Ministry of Land, Infrastr…

SEOUL: A prominent North Korean defector is likely to be named as the new head of the presidential advisory council on unification, people familiar with the issue said Wednesday.

Tae Yong-ho, a former North Korean deputy ambassador to Britain, has co…