Fiscal Deficit of 71 Tln Won Forecast This Year

South Korea’s fiscal deficit forecast has ballooned to nearly 71 trillion won following a 17 trillion won supplementary budget drawn up this year.The figure is close to the record deficit of 71-point-two trillion won recorded in 2020, the first year of…

48 Korean Nationals Remain in Ukraine

The foreign ministry says forty-eight Korean nationals remain in Ukraine as the situation in the country deteriorates in the wake of Russia’s invasion. According to the Ministry of Foreign Affairs on Monday, the number includes 46 Korean nationals conf…

Moon: S.Korea Has Excellent Missile Capabilities

President Moon Jae-in said Monday that South Korea’s peace and prosperity is based on strong national security, pointing to Seoul’s exceptional missile capabilities. His comments came amid opposition criticism of Moon’s national security team.President…