Former U.N. Secretary-General Ban Ki-moon said Tuesday South Korea needs to continuously “persuade” China to understand that the two Koreas’ unification will not only contribute to global peace but also serve its own interests. Ban made the remarks during the Global Korea Forum (GKF), a global forum hosted by the unification ministry and designed to garner international support for South

Tuesday’s closing prices (KRW) of KOSPI 200 stocks traded on the main Korea Stock Exchange. Kumyang 47,050 DN 300 ORION Holdings 15,320 UP 20 Daesang 21,200 UP 200 SKNetworks 5,070 UP 80 CJ 116,800 UP 4,900 LX INT 30,900 DN 200 SBHC 20,000 UP 210 TaihanElecWire 11,910 DN 180 Hyundai M and F INS 35,750 UP 550 TCC STEEL 37,100

South Korea and the United States kicked off a joint underwater excavation project Tuesday in waters off the southeastern port city of Busan to search for the remains of American soldiers killed during the 1950-53 Korean War, the defense ministry said. Some 22 personnel from the ministry’s Agency for KIA Recovery and Identification and the U.S. Defense POW/MIA Accounting Agency

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

The period drama “Uprising” will open this year’s Busan International Film Festival (BIFF) early next month, the organizer said Tuesday. Starring Gang Dong-won and Park Jeong-min, “Uprising,” set in the Joseon Dynasty (1392-1910), tells the story of two men who grew up together — one as a master (Park) and the other as a servant (Gang) — who reunite as

Prosecutor General nominee Shim Woo-jung pledged Tuesday to take “necessary action” if needed in response to an alleged conflict of interest involving his brother’s stint at Kakao Corp., which is currently under prosecution investigation for suspected stock manipulation. Shim’s nomination last month has sparked speculation that his younger brother Woo-chan’s current role on Kakao’s control tower board could create a

The government on Tuesday designated Armed Forces Day on Oct. 1 as a temporary holiday this year to boost troop morale and domestic consumption. A motion to designate the holiday was passed during a Cabinet meeting and will be sent to President Yoon Suk Yeol for approval. The designation, which came at the request of the ruling People Power Party,

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