Seoul: President Lee Jae Myung on Thursday underscored the necessity of implementing another stimulus package to enhance domestic consumption, emphasizing that reviving consumer spending is crucial for stable economic growth.

Seoul: LG Display Co., a major South Korean display panel maker, said Thursday the average sales price of its panels surpassed US$1,000 in the second quarter for the first time

Seoul: Hanwha Aerospace Co., a major South Korean defense firm, has signed an agreement to export its homegrown K9 self-propelled howitzers to Vietnam, marking the first arms sale to the

Seoul: Hankook Tire and Technology Co., the world’s seventh-largest tiremaker by sales, announced on Thursday a significant decline in its second-quarter net profit, which fell by 44.7 percent from the

Seoul: The KOSPI 200 index displayed a varied performance as several major stocks closed with mixed results. Notably, Samsung SDS saw a decline, closing at 151,400, down by 600 points.

Seoul: The trade minister met with the Japanese ambassador to South Korea on Thursday and discussed ways to strengthen the countries’ economic partnership amid growing uncertainties in the global trade