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Korea posts record current account deficit with China in 2022

Korea posted a record current account deficit with China in 2022 on a plunge in chip exports, and a record surplus with the United...

Police crackdown 3,670 drug offenders in Korea within three months period

Thousands of drug offenders have been apprehended in Korea during a three-month-long special crackdown, police said on Friday. A total of 3,670 people involved in...

Korea ‘second-tier’ in addressing human trafficking, U.S. report says

Korea was again stamped as second-tier in the annual human trafficking report by the United States released Thursday, for its "inadequate" efforts to prevent...

Tourism businesses welcome surge of Korean tourists to U.S. for first summer season after the pandemic

As the number of Koreans visiting the United States for the first summer vacation season since the end of the pandemic is expected to...

Korean, Chinese consumers show hostility as tensions rise

With the relations between China and South Korea hitting new lows almost on a daily basis, consumers in each country are avoiding one another's...

Stocks close lower amid worsening Korea-China relations ahead of FOMC

Stocks finished lower Monday on foreign selling, as investors remain keen on the Federal Open Market Committee's (FOMC) rate-setting meeting this week. The won...

China’s Foreign Ministry summons Korean ambassador as tensions flare

China’s Foreign Ministry summoned Korea’s ambassador to Beijing on Saturday to complain about Seoul’s criticism of recent remarks made by the Chinese ambassador to...

Foreign Ministry summons Chinese ambassador over ‘provocative remarks’

Korea's Foreign Ministry summoned Chinese ambassador in Seoul Xing Haiming for his "provocative remarks" made during his live-broadcast meeting with the Democratic Party leadership...

OpenAI CEO open to investing in Korean startups

Sam Altman, CEO of OpenAI, the company behind the groundbreaking ChatGPT, said he is willing to invest in Korean startups and collaborate with bigger...

Netflix co-CEO Sarandos to visit Korea on June 20

Ted Sarandos, co-CEO of the streaming giant Netflix, is coming to Korea on June 20 to meet with Prime Minister Han Duck-soo and other...

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