Alibaba Group’s AliExpress said Friday it will receive no commissions from its South Korean partners that sell their products through the Chinese e-commerce retail platform until December for “mutual growth.”
AliExpress launched the K-Venue marketpl…
South Korean stocks traded almost 2 percent higher late Friday morning as big-cap shares gained ground across the board on eased U.S. economic recession woes.
The benchmark Korea Composite Stock Price Index (KOSPI) had risen 48.01 points, or 1.82
The presidential National Security Council (NSC) held a meeting Friday to discuss measures to enhance cybersecurity for defense contractors to address concerns about hacking attacks targeting military technology.
Shin Yong-seok, the presidential sec…
The government is mulling a pension reform plan that includes expanded benefits for conscripts and mothers to reduce the burden on younger generations, sources said Friday.
President Yoon Suk Yeol is expected to announce the pension reform measures …
Health authorities said Friday they plan to supply treatments for 260,000 COVID-19 patients, as the nation saw a surge in cases due to a summer wave.
“We have started contacting global pharmaceutical companies after recognizing that treatments are b…
The main opposition Democratic Party (DP) is open to a “third party” appointing a special counsel to investigate the military’s response to a Marine’s death, the DP acting chief said Friday, referring to a method proposed by ruling People
South Korean stocks ended almost 2 percent higher Friday to extend their winning streak to a fifth day, as a series of U.S. data soothed economic slowdown fears. The local currency gained ground against the U.S. dollar.
The benchmark
A former girlfriend of popular basketball player Heo Ung has been transferred to the prosecution on charges of blackmailing him, police said Friday.
The transfer by the Seoul Gangnam Police Station came after Heo, a 31-year-old player for KCC
Prosecutors are examining the financial accounts of former President Moon Jae-in and his wife in an investigation into allegations their former son-in-law was unfairly hired as an airline executive in exchange for favors for the firm’s founder, sourc…
The average lending rate of major banks in South Korea dipped slightly from a month earlier in July, marking the third consecutive month of drop, data showed Friday.
COFIX, or the Cost of Funds Index, a benchmark lending rate