Unionized truckers entered the seventh day of a general strike on Monday as the government and the union failed to reach an agreement in negotiations held over the weekend.The Ministry of Land, Infrastructure and Transport and the union held a fourth r…
SEOUL– Hanjin KAL Corp., the holding company of South Korea’s air transportation conglomerate Hanjin Group, said Monday it is selling its entire stake in its budget carrier unit to its flagship Korean Air Lines Co., a move seen as intended at streamli…
The ongoing national strike by cargo truckers was presumed to have already incurred around one-point-six trillion won worth losses to local industries since its launch last week. The Ministry of Trade, Industry and Energy on Monday said the amount of l…
North Korea claimed its fever-related daily cases suspected to be COVID-19 fell below 40-thousand.The North’s official Korean Central News Agency (KCNA) reported on Monday that 36-thousand-710 new fever patients were confirmed in the 24-hour period lea…
Defense minister Lee Jong-sup says that South Korea is willing to engage in sincere dialogue with Japan as it seeks to enhance security cooperation with the United States and Japan to achieve the denuclearization of North Korea.The minister made the re…
SEOUL– South Korean stocks crashed to a 19-month low Monday as high inflation sparked fears of a potential aggressive monetary tightening in the U.S. and a slowdown in global economic growth. The local currency fell sharply against the U.S. dollar.The…
South Korea’s Ambassador to the U.S. Cho Tae-yong says Seoul and Washington are working to include advanced ways to respond to North Korea’s nuclear threats in their military operation plan(OPLAN).Cho made the remark to reporters on Sunday upon arrivin…
Foreign investors offloaded more than one-point-six trillion won worth of Korean stocks last month as the local market remains bearish.According to the Korea Exchange on Monday, foreigners sold a net one-point-61 trillion won worth of Korean stocks in …