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

Today (%) Previous Session(%) Change (BP) 1-year TB 3.056 3.063 -0.7 2-year TB 3.088 3.091 -0.3 3-year TB 2.981 2.989 -0.8 10-year TB 3.120 3.121 -0.1 2-year MSB 3.041 3.051 -1.0 3-year CB (AA-) 3.545 3.542 +0.3 91-day CD 3.510 3.520 -1.0 Source: Yonhap News Agency

K hynix Inc., the world’s second-largest memory chipmaker, is developing next-generation high bandwidth memory (HBM) products to meet booming global demand for artificial intelligence and higher performance computing, a senior executive said Tuesday. “Demand for improvement in memory bandwidth is increasing following a spike in data traffic in the era of AI and high-performance computing,” Lee Kang-wook, head of package

North Korea is estimated to have earned more than US$6 billion through hacking and other illicit activities over the past seven years despite facing heavy international sanctions, a state-run think tank report showed Tuesday. North Korea’s income through illegal activities from 2017 to 2023, such as smuggling out coal, reached a total of $6.29 billion, according to the report from

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

South Korea will host an international conference on exploring the responsible use of artificial intelligence (AI) in the military domain next week, the foreign ministry said Monday. The second Responsible AI in the Military Domain (REAIM) conference is scheduled to be held Monday and Tuesday, also to be co-hosted by the Netherlands and Singapore, the ministry said. The upcoming forum

The bloody 1948-1954 suppression of a civilian uprising on Jeju Island will be included in all history textbooks to be used in middle and high schools nationwide starting next year, the Jeju provincial office of education said Monday. The Jeju April 3 incident occurred on April 3, 1948, when Jeju islanders began protesting against U.S. military-led rule following Korea’s liberation