Korea Zinc Inc. said Wednesday it will buy back 2.66 trillion won (US$2 billion) worth of its own shares in a rare counteroffer to fend off a tender offer by private equity firm MBK Partners and Young Poong, the
North Korea has held the first national conference of cadres, state media reported Wednesday, in an apparent bid to tighten the country’s grip on the discipline of officials amid severe flood damage in border areas.
North Korean leader Kim
The growth of household loans extended by major banks in South Korea slowed from a month earlier in September, data showed Wednesday.
Outstanding household loans extended by the country’s top five lenders had stood at 730.9 trillion won (US$554.2
After nearly four decades, Korea and Japan held the sixth round of working-level talks regarding a significant bilateral agreement aimed at jointly developing a continental shelf believed to contain potential oil and other natural resources.
The lat…
The Seoul Western District Court handed down a ruling on three defendants, including Lee Im-jae, the former Yongsan Police Station chief who had been on trial on the charge of involuntary manslaughter in the 2022 Itaewon disaster. The court
As the annual Busan International Film Festival (BIFF), Asia’s largest, gears up to offer cinephiles over 200 films, here are some recommendations for audiences eager to discover new Korean films. Each of the films highlighted will have its worldwide…
The government on Wednesday unveiled additional financial support for low-income earners that include complete debt forgiveness for those who are willing but unable to repay their loans.
The move comes amid sharp increases in household debts and the…
The 29th Busan International Film Festival (BIFF) kicks off on Wednesday, featuring the historical drama “Uprising” as its opening film, the festival’s first-ever over-the-top (OTT) production to hold this honor.
The organizer has said the selection…
Two Korean titles topped Netflix’s weekly viewing charts, the global streaming company said Wednesday.
“Officer Black Belt,” a crime action film starring Kim Woo-bin, secured the No. 1 spot on Netflix’s non-English movies chart for the week of Sept….
South Korea’s consumer prices slowed to the lowest level in 3 1/2 years in September, falling below 2 percent for the first time since early 2021, data showed Wednesday.
Consumer prices, a key gauge of inflation, rose 1.6 percent