The industry ministry said Tuesday that South Korea has agreed with the International Energy Agency (IEA) to expand cooperation in achieving carbon neutrality to address climate change. The agreement was reached during the visit of Fatih Birol, the chief of the IEA, who visited South Korea to participate in the World Climate Industry Expo, which will run from Wednesday to

South Korea’s consumer prices slowed to the lowest level in about 3 1/2 years in August, staying below 3 percent for the fifth month in a row, data showed Tuesday. Consumer prices, a key gauge of inflation, rose 2 percent on-year last month, compared with a 2.6 percent on-year rise a month earlier, according to the data from Statistics Korea.

Ludicrous claims by the Democratic Party (DP) have exceeded permissible levels. In the rare meeting with the leader of the governing People Power Party (PPP) on Sunday, DP head Lee Jae-myung abruptly raised a conspiracy theory that the Yoon Suk Yeol administration prepares to declare martial law and arrest opposition lawmakers to effectively block the National Assembly from passing a

Prosecutors are intensifying their investigation into allegations that former President Moon Jae-in’s ex-son-in-law secured a job with an airline in exchange for arranging a government position for the carrier’s founder. According to local media reports, prosecutors identified Moon as a suspect in the bribery case. The Jeonju District Prosecutor’s Office searched the home of Moon’s daughter, Da-hye, on Sunday apparently

Yoon administration fails to grasp worsening economic conditions President Yoon Suk Yeol said in a televised briefing Thursday on state affairs that the South Korean economy is on a clear path for recovery and is set to take off in a big way in the future, painting a rosy picture. The next day, however, Statistics Korea data showed that the

The following are the top headlines in major South Korean newspapers on Sept. 3. Korean-language dailies — National Assembly kicks off without Yoon’s attendance (Kyunghyang Shinmun) — 5 major lenders extend household loans by record clip in Aug. (Kookmin Daily) — Yoon skips parliamentary opening; 1st time since democracy began in 1987 (Donga Ilbo) — ERs in emergency mode; Chuseok

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