Dongwon Systems Corp. on Thursday reported its second-quarter net income of 22.1 billion won (US$16.1 million), up 23.1 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period rose 18.3 per…

Prosecutors raided the headquarters of TMON and WeMakePrice on Thursday as part of an investigation into the e-commerce platforms’ delayed payments to vendors sparked by a liquidity crisis engulfing the companies.

The Seoul Central District Prosecuto…

The unification ministry on Thursday unveiled a monument near the inter-Korean border to commemorate North Korean defectors who lost their lives during escapes from the repressive regime.

The monument was set up at the Odusan Unification Observatory …

The presidential office said Thursday it held a meeting to discuss the impact of rising tensions in the Middle East on the domestic economy and security.

The meeting was led by National Security Adviser Chang Ho-jin and Sung Tae-yoon, the presidentia…

Veterans Minister Kang Jung-ai was set to embark on a trip to Britain on Thursday to drum up support for South Korea’s bid to host an international sports event for injured service members, her office said.

In a two-nation swing, Kang will first visi…

A electric vehicle caught fire at an underground parking lot in Incheon, just west of Seoul, for unknown reasons before firefighters got the flames under control nearly five hours later, officials said Thursday.

The blaze appears to have started at 6…

South Korea’s exports extended on-year gains to the tenth straight month in July on the back of the robust performance of semiconductors, data showed Thursday.

Outbound shipments rose 13.9 percent on-year to US$57.4 billion last month, according to t…

The Shin-Hanul 1 nuclear reactor in southern South Korea halted its operations Thursday due to technical issues, according to the state-run nuclear power agency, although no safety concerns were identified.

The nuclear reactor in Uljin, 218 kilometer…