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IMF trims Korea’s 2023 growth forecast to 1.4 percent

International Monetary Fund lowered Korea’s growth outlook by 0.1 percent to 1.4 percent for this year in its latest forecast released Tuesday despite an...

Commercial vehicles lead Chinese automakers’ Korean invasion

Slowly but surely, China is expanding its presence in the Korean auto market with its competitively priced commercial electric vehicles. One third of new commercial...

Korea, NATO upgrade partnership, stress security cooperation

President Yoon Suk Yeol and NATO Secretary General Jens Stoltenberg agreed to upgrade the partnership between South Korea and the Atlantic alliance. Meeting in Lithuania...

Korea’s tougher immigration investment requirement may target Chinese

The already frayed relations between Korea and China could escalate as the Justice Ministry’s plan to toughen the immigration investment program. The Justice Ministry on...

Births and marriages in Korea hit April lows as declines continue

Korea suffered the steepest drop to date in the number of new births and marriages for an April, despite the month being widely favored...

Korea, France to hold first ever joint air exercise as early as next month

Korea and France will hold their first-ever joint air exercise as early as the end of July, according to the French defense ministry. The exercise...

Korea to allow international students to seek internship, work more hours

International students will need less money to get student visas and be allowed to work more hours starting July 3, the Justice Ministry announced...

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...

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