Seoul shares ended sharply higher Wednesday on tech gains amid expectations that the U.S. Federal Reserve may begin a rate cutting cycle within months. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOS…

President Yoon Suk Yeol advised new ruling party chief Han Dong-hoon to embrace diverse people when they held closed-door talks at the presidential office this week, a presidential official said Wednesday.

Yoon and People Power Party chief Han talke…

A parliamentary committee decided Wednesday to hold a hearing next month over the impeachment of a prosecutor related to first lady Kim Keon Hee’s alleged stock manipulation scheme.

The legislation and judiciary committee adopted the plan to hold th…

Seoul shares slightly extended gains late Wednesday morning as investors await the U.S. Federal Reserve’s policy decision amid expectations that a rate cutting cycle may begin in the near future.

The benchmark Korea Composite Stock Price Index (KOSP…

The Korean Confederation of Trade Unions (KCTU), the biggest umbrella labor union, on Wednesday denounced the nomination of a former labor rights fighter-turned-conservative politician for the new labor minister as an “anti-labor disaster.”

Kim Moon…

President Yoon Suk Yeol on Wednesday named the chief of a state diplomatic academy as the new ambassador to Japan and a former Navy chief as the ambassador to Australia, his office said.

Park Cheol-hee, an expert on Japan and the current head of the…

North Korean leader Kim Jong-un has replaced the public security minister and chiefs of the ruling party’s provincial committees over severe damage from the recent downpours in the northern border areas along the Amnok River.

The decision was made a…

SK IE Technology Co. on Wednesday reported its second-quarter net loss of 48 billion won (US$34.8 million), swinging from a profit of 37.1 billion won a year earlier.

The company said in a regulatory filing that it posted an operating loss of 58.7 b…