South Korea’s defense authorities on Friday approved a plan to reduce Indonesia’s contribution for a joint fighter jet development project to 600 billion won (US$440 million), about one-third of the original amount, the state arms procurement agency …
Unification Minister Kim Yung-ho on Friday called on North Korea to respond to South Korea’s offer for an official dialogue channel, stressing that South Korea does not seek unification by absorption.
Kim made the call a day after President
Celltrion Inc., a South Korean biopharmaceutical firm, said Friday it has decided not to merge with its chemical drug-producing affiliate, Celltrion Pharm Inc., as shareholders disagreed on the planned merger.
The decision was made in board meetings…
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
North Korean leader Kim Jong-un has pledged to transform backward regions, as the recent downpours in the country’s northwestern border areas left many flood victims displaced and caused damage, state media reported Friday.
Kim made the remark Thurs…
President Yoon Suk Yeol dictated a vision of unification in his address marking South Korea’s 79th year of freedom from Japanese colonial rule. Korea’s liberation remains “unfinished” as it can only be complete through unification, he said in the
A White House official on Thursday suggested the possibility of holding a trilateral summit among the leaders of South Korea, the United States and Japan by the end of this year, following the historic Camp David summit last year.
South Korea’s business community has submitted formal concerns to the U.S. Treasury Department regarding Washington’s policy to restrict American investments in China’s advanced technology sector, sources said Friday.
According to the sources, the K…
Container shipping costs from South Korea to the U.S. east coast and Europe increased for the third consecutive month in July amid prolonged geopolitical risks in the Red Sea, data showed Friday.
The average shipping cost for a 40-foot
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