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KOREA

BUSINESS

Won’s fall continues despite efforts to talk up the currency

The won hit another decade-plus low Tuesday as the currency was battered by persistent rate worries and as decisive action to halt the rout...
KOREA

Korean, U.S., Japanese envoys to meet in Tokyo to discuss North

Special Representative for Korean Peninsula Peace and Security Affairs Kim Gunn left for Tokyo on Tuesday to meet with the American and Japanese special...
BUSINESS

Hyundai, Kia’s Aug. U.S. sales rise 18% despite chip shortage

Hyundai Motor and its affiliate Kia said Friday their combined sales in the United States rose 18 percent last month from a year earlier...
KOREA

U.S. promises to look into Inflation Reduction Act impact on Korean carmakers: Seoul official

The United States pledged Wednesday to look into the potential impact of the U.S. Inflation Reduction Act (IRA) on Korean carmakers, Seoul's top security...
KOREA

Covid test no longer required to fly into Korea

People arriving in Korea will no longer need to show a recent Covid-19 test result starting Saturday. But they still need to get one in...
BUSINESS

Korean government ordered to pay Lone Star $216.5 million

An international tribunal has ordered the Korean government to pay U.S. private equity firm Lone Star Funds $216.5 million in compensation. The International Centre for...
KOREA

Korea, U.S. agree to launch formal talks on U.S. Inflation Reduction Act: Amb. Cho

The U.S. government has agreed to launch formal talks with Korea on ways to minimize the adverse effects of the recently enacted Inflation Reduction...
KOREA

Korea can’t ignore human rights in China, says U.S. envoy

South Korea and the United States should hold countries like China responsible for human rights, the new U.S. ambassador to Seoul said in a...
BUSINESS

Bank of Korea’s Rhee nonplussed by Powell’s hawkishness

Bank of Korea Gov. Rhee Chang-yong said the central bank's monetary policy direction remains unchanged following hawkish remarks from the U.S. Fed chief in...
BUSINESS

DoubleU Games to pay $145.25 million to settle consumer protection lawsuit in U.S.

DoubleU Games, a local social casino game developer, will pay $145.25 million to settle a consumer protection lawsuit put forward against its subsidiary in...
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