General

Sales of derivative-linked securities fall in Q1

Sales of derivative-linked securities in South Korea dropped from three months earlier in the first quarter, data showed Friday, amid concerns over heavy losses for derivative products tracking Chinese stocks.

The combined value of equity-linked sec…

(LEAD) Minimum wage for 2025 surpasses 10,000 won for 1st time

The minimum wage for next year was set at 10,030 won (US$7.30) per hour Friday, marking the first time the compulsory hourly minimum wage has surpassed the 10,000 won level.

The rate reached during the 11th plenary meeting of the Minimum Wage Commis…

Defense chief vows to strengthen solidarity with France

Defense Minister Shin Won-sik vowed Friday to strengthen solidarity with France and other countries that share common values at an event commemorating France’s national day, his office said.

Shin made the pledge during the Bastille Day ceremony orga…