The National Assembly on Thursday passed a special bill calling for the construction of a high-speed railway connecting the southern cities of Gwangju and Daegu.
The legislation propels an 8 trillion-won (US$5.98 billion) project to launch bullet tr…
South Korea’s economic growth slowed to the lowest in three years last year due to a slump in exports amid tightening monetary policies around the globe, central bank data showed Thursday.
The country’s real gross domestic product — a
Populations need to grow in South Korea and elsewhere to ensure a sustainable future, the chief of the World Bank said Thursday, amid a falling fertility rate in the country.
World Bank President Ajay Banga made the remarks during
President Yoon Suk Yeol vowed Thursday to make sweeping improvements to commuter transport in the Seoul metropolitan area by extending express rail networks and adding new bus lanes and double-decker electric buses.
Yoon made the remark during a gov…
South Korea’s Hyundai Motor Co. on Thursday set a 4 to 5 percent growth target for sales this year, as it posted a 29 percent on-year jump in the fourth quarter on high-end models.
Net profit for the three
SK hynix Inc. said Thursday it swung to a profit in the fourth quarter of last year on the back of rising demand for premium memory chip products.
The world’s second-largest memory chipmaker posted an operating profit of 346
Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday its fourth-quarter net profit fell 21 percent from a year earlier due to higher costs and the strengthening won.
Net profit for the three months ended in December fell
The expanded implementation of the workplace safety law, penalizing employers for serious industrial accidents, is set to take effect later this week as scheduled, as rival parties have failed to agree on granting an additional two-year grace period …
President Yoon Suk Yeol vowed Thursday to make sweeping improvements to commuter transport in the Seoul metropolitan area by extending express rail networks and adding new bus lanes and double-decker electric buses.
Yoon made the remark during a gov…
North Korea said Thursday it test-fired a new strategic cruise missile, named “Pulhwasal-3-31,” for the first time the previous day in what was seen as an effort to strengthen capabilities to deliver nuclear weapons.
The North’s Missile General Bure…