SEOUL– After battling the new coronavirus for two years, South Korea is moving closer to post-pandemic life with the planned lifting of almost all COVID-19 social distancing rules.The new “post-omicron” scheme marks the first sweeping change in the CO…
SEOUL– South Korea’s plan to lift almost all COVID-19 social distancing rules is expected to help spur private spending, but its recovery may not be robust as growing inflationary pressure could undercut domestic demand, experts said Sunday.Starting M…
Daily COVID-19 cases fell below 100-thousand amid the continued drop in infections.The Korea Disease Control and Prevention Agency said Sunday that 93-thousand-one infections were reported during the previous day, including 18 from overseas. The total …
SEOUL– South Korea’s President-elect Yoon Suk-yeol plans to send a delegation to Japan later this month for policy consultations on North Korea and pending bilateral issues, his transition team said Sunday.Led by Rep. Chung Jin-suk of Yoon’s People Po…
President-elect Yoon Suk Yeol will send a delegation to Japan later this month for policy consultations on pending bilateral issues.Yoon’s spokesperson Bae Hyun-jin said on Sunday in a news briefing that the delegation will visit Tokyo from April 24 to…
North Korean leader Kim Jong-un has reportedly observed the test firing of a new type of tactical guided weapon.The North’s official Korean Central News Agency and the ruling Workers’ Party mouthpiece Rodong Sinmun said on Sunday that the test launch w…
SEOUL– The Bank of Korea (BOK) needs to “actively” utilize its monetary policy as a tool to tamp down inflation amid worries that prices are under growing upward pressure from supply chain disruptions, soaring commodity costs and rebounding consumptio…
Members of the Organization for Economic Cooperation and Development (OECD) saw their prices soar to the highest levels in over three decades in February.According to the recent data by the OECD on Sunday, the inflation rate of 38 OECD members came to …