SEOUL– South Korean food and entertainment giant CJ Group said Monday it will invest 20 trillion won (US$16.2 billion) over the next five years in new growth engines.Among them, CJ said it will invest 12 trillion won in growing its original content an…
SEOUL– The defense chiefs of South Korea and Poland held talks in Seoul on Monday to discuss arms industry cooperation and regional security, the defense ministry here said.The meeting between Defense Minister Lee Jong-sup and his Polish counterpart, …
SEOUL– The government plans to provide cash handouts to 3.71 million small merchants in the latest move to support the struggling small businesses hit hard by the COVID-19 pandemic.On Sunday, parliament passed a 62 trillion-won (US$49.4 billion) extra…
SEOUL– The chief of the Bank of Korea (BOK) met with heads of major local banks Monday and explained the reasons for the central bank’s recent back-to-back rate hike, his office said.BOK Gov. Rhee Chang-yong held his first meeting with chiefs of nine …
The benchmark Korea Composite Stock Price Index(KOSPI) rose 31-point-61 points, or one-point-20 percent, on Monday, closing the day at two-thousand-669-point-66.The tech-heavy KOSDAQ also rose, gaining 12-point-47 points, or one-point-43 percent, to cl…
A local think tank has predicted that South Korea’s economy will grow by two-point-six percent this year. The Korea Institute for Industrial Economics and Trade(KIET) on Monday shared the annual outlook which combined a prospect of two-point-eight perc…
SEOUL– South Korea’s new coronavirus cases fell to a four-month low Monday in the latest sign the omicron variant has been slowing down in recent months.The country added 6,139 new infections, including 48 cases from overseas, bringing the total casel…
SEOUL– Song Kang-ho received a hero’s welcome in South Korea on Monday after winning the country’s first best actor award at the Cannes Film Festival.Song arrived at Incheon International Airport in Incheon, 40 kilometers west of Seoul, along with dir…