General

(EDITORIAL from Korea Herald on July 10)

South Korea’s household loans surged at an embarrassing pace last week, ringing alarm bells for financial authorities over local home buyers rushing to take out mortgage loans from banks, often beyond their repayment capacity, in a bid to ride a reco…

S. Korea begins production of KF-21 fighter jet

South Korea began production of the homegrown KF-21 fighter jet Wednesday, the defense procurement agency said, in the latest milestone in the country’s efforts to build an advanced fighter aircraft.

A ceremony marking the assembly of the first KF-2…