North Korea on Friday stressed the need for swift and accurate weather forecasts, as heavy rain likely to fall during the summer monsoon season could seriously affect the country’s

The nominee to head the Financial Services Commission (FSC) said Friday there is a need to scrap a planned introduction of the financial investment income tax, saying it may

Foreign Minister Cho Tae-yul stressed the importance of a mutually considerate attitude in bilateral ties with Japan as he met with the country’s new ambassador to South Korea, Koichi

Hanwha Energy Corp., fully owned by the three sons of Hanwha Group Chairman Kim Seung-youn, said Friday it will pay some 180 billion won (US$131 million) to buy an

South Korea logged the largest current account surplus in 32 months in May on the back of a sharp rise in the trade surplus and increased dividend income, central

The ruling People Power Party (PPP) on Friday apologized for using the term “alliance” to refer to security ties between South Korea, the United States and Japan, saying it