The won-dollar exchange rate climbed to a new high for this year early Friday. On the Seoul foreign exchange, the local currency traded at one-thousand-326 point-nine won against the dollar shortly after trading began, breaking the previous intraday re…
The benchmark Korea Composite Stock Price Index(KOSPI) fell 15-point-36 points, or zero-point-61 percent, on Friday, closing the week at two-thousand-492-point-69.The tech-heavy KOSDAQ also fell, losing 11-point-89 points, or one-point-44 percent, to c…
SEOUL– McDonald’s Korea said Friday it will raise prices of its main products for the second time in about six months in a move seen as intended to transfer soaring raw material and logistical costs over to customers.The Korean unit of the global fast…
The presidential office has rejected accusations that it is falling behind on plans to renovate residential towns.In a Friday briefing, senior presidential secretary for economic affairs Choi Sang-mok defended the recently unveiled plans saying that se…
The presidential office has deplored the blunt censure by North Korea against President Yoon Suk Yeol and his “bold” plan to support its denuclearization, calling the disrespectful tone “highly regrettable.”In a statement on Friday, the top office urge…
President Yoon Suk Yeol has ordered the health ministry to generate public consensus on pension reforms that goes beyond party lines, based on objective data and by gathering wide ranging views.According to his spokesperson Kang In-sun, Yoon gave the d…
SEOUL– Samsung Electronics Co. held a groundbreaking ceremony Friday for its new semiconductor research and development (R&D) complex south of Seoul, in a move to bolster its global leadership in cutting-edge chip technology.The South Korean t…
SEOUL– National Assembly Speaker Kim Jin-pyo met with U.S. Ambassador to South Korea Philip Goldberg on Friday and discussed relations between the two countries.”I believe the ambassador will play a big role in improving the South Korea-U.S. alliance …