A bilateral double taxation avoidance treaty between South Korea and Turkey was to come into force next week, Seoul’s finance ministry said Friday.

The revised convention, set to take effect Sunday, sets the maximum rate of withholding tax in the so…

South Korea’s military conducted propaganda loudspeaker broadcasts toward North Korea in response to its latest launch of trash-carrying balloons into the South, the Joint Chiefs of Staff (JCS) said Friday.

The broadcasts took place from Thursday ev…

Samsung Electronics Co. and its largest labor union resumed talks Friday for the first time since the union went on a strike last week over a wage hike, a source close to the matter said.

The management and the National Samsung Electronics Union (NS…

A parliamentary committee is set to hold a hearing Friday to address an online petition demanding the impeachment of President Yoon Suk Yeol, focusing on allegations of his interference in a probe into a young soldier’s death.

The National Legislati…

The head of Naver Corp., the operator of South Korea’s biggest internet portal, on Friday stressed the importance of sovereign artificial intelligence (AI) to promote diversity in a world where AI affects how people think.

“Naver will provide necess…

SK Group announced the merger of SK Innovation and SK E and S on Wednesday, paving the way for the creation of a “super energy” company with assets surpassing 106 trillion won ($76.5 billion). The boards of the two firms approved the merger during se…

Good news just came in for Korea’s nuclear industry after it was dealt a critical blow due to the Moon Jae-in administration’s nuclear phase-out policy. The Czech Republic on Wednesday chose Korea as the preferred negotiating partner for its plan to …

North Korean leader Kim Jong-un has discussed the importance of military cooperation with the Russian vice defense minister, state media reported Friday, amid Pyongyang’s deepening military alignment with Moscow.

Kim met with a Russian military dele…