A senior Ukrainian diplomat visiting South Korea urged Seoul to provide his war-torn nation with weapons to repel the Russian invasion.During a press conference held at the Ukrainian Embassy on Tuesday, Ukrainian deputy foreign minister Dmytro Senik ca…
The rival political parties came short of reaching an agreement on the formation of parliamentary committees during the second half of the 21st National Assembly.The chief deputy floor leaders of the ruling People Power Party(PPP) and the main oppositi…
SEOUL– South Korean stocks finished nearly unchanged Wednesday, weighed by concerns about inflation and an economic recession. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) slipped 0.19 points, or …
SEOUL– Igis Residence Reit Co.on Wednesday announced that it will sell stocks to raise 45 billion won (US$35.9 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory filing, the company wi…
SEOUL– The Organization for Economic Cooperation and Development (OECD) on Wednesday slashed its 2022 growth outlook for the South Korean economy to 2.7 percent amid concerns the global economy faces the greater risk of stagflation over the protracted…
SEOUL– The Organization for Economic Cooperation and Development (OECD) on Wednesday sharply raised its 2022 inflation outlook for South Korea to a 24-year high of 4.8 percent, citing soaring energy costs amid the protracted war between Russia and Ukr…
The economy grew just zero-point-six percent in the first quarter from the previous quarter as a combination of the omicron wave, supply disruptions and the war in Ukraine discouraged consumption and investment.The Bank of Korea on Wednesday issued a r…
The World Bank has significantly slashed its global growth forecast for this year as it warned of a serious stagflation period unseen since the 1970s.In its latest outlook shared on Tuesday, the institution forecast the global economy will grow two-poi…