The United States will examine the potential effect of the Inflation Reduction Act(IRA) at the level of the White House National Security Council. National Security Advisor Kim Sung-han told reporters of Washington’s stance after a meeting with his U.S…
The country posted a record-high monthly trade deficit in August as the cost of importing energy soared.According to the Ministry of Trade, Industry and Energy on Thursday, the country’s outbound shipments came to 56-point-six billion U.S. dollars in t…
China’s third-ranked official and chairman of the Standing Committee of the National People’s Congress will reportedly visit South Korea in mid-September. Li Zhanshu will likely make a three-day visit to Seoul from September 15 at the invitation of Nat…
Seoul and Washington are considering setting up an official dialogue channel to discuss issues related to the Biden administration’s Inflation Reduction Act. Departing from the U.S. after a three-day trip, deputy trade minister Ahn Sung-il on Wednesd…
More than seven out of ten South Koreans play mobile video games, and the number parents who enjoy games with their children have been on the rise for six consecutive years.According to the Korea Creative Content Agency’s latest survey on some six-thou…
Since Russia invaded Ukraine on February 24, several packages of sanctions targeting Russia’s lucrative energy industry (mostly oil, gas, and coal) have been introduced by the United States, the European Union, and other Western nations. These countrie…
The proposed merger between Korean Air and Asiana Airlines has received approval from regulatory authorities in Australia.In granting the ninth approval from 14 key market regulators the South Korean flag carrier asked for M&amp…
The Seoul Metropolitan Government (SMG) rolled out the beta release of its virtual municipal world Metaverse Seoul on Wed, Aug. 31 as part of this year’s first service phase targeting real users.The purpose of the beta test is to monitor users’ reactio…