The sharp rise in the price of oil over the past year is one of the primary causes of rising inflation around the world. The high cost of oil affects every sector of the economy, making it more expensive to produce and move goods at all points in the

Deputy Prime Minister and Finance Minister Choo Kyung-ho has requested large companies refrain from raising wages excessively. Choo said in a breakfast meeting with leaders of the Korea Enterprises Federation on Tuesday that wages have recently incr

President Yoon Suk-yeol had a bilateral meeting with British Prime Minister Boris Johnson on the occasion of attending the NATO Summit on Thursday. The two leaders adopted a “Bilateral Framework for Closer Cooperation” encompassing a visi

MADRID -- President Yoon Suk-yeol had a meeting with Canadian Prime Minister Justin Trudeau on Thursday, reaffirming their efforts to deal with North Korean provocations and the Ukraine crisis, on the sidelines of the NATO summit. Trudeau said he f

Apple Inc. said Thursday it will allow alternative payment options for apps sold in South Korea in compliance with a law that bans app store operators from forcing their own in-app payment systems. The U.S. tech giant announced on its developer site

A four-day workweek is a hot topic now globally, with thousands of workers in the UK partaking in the largest experiment to date of a shortened work schedule. In South Korea, a law that caps weekly working hours at 52 is facing scrutiny for the opp

North Korea has been discharging water from Hwanggang Dam near the inter-Korean border without any prior notice, after heavy rains lashed the country, South Korea’s Unification Ministry said Thursday, expressing regret at the decision. “

  Less than two weeks after becoming the youngest winner of the Van Cliburn International Piano Competition, Lim Yun-chan stood before South Korean press Thursday and said he sees little change in his musical life. “Nothing has changed

South Korean automotive giant Hyundai Motor Group said Thursday that it would establish an overseas corporate body in the state of Delaware, as part of its focus to invest in US companies with future technologies and to manage them more efficiently.&

Sejong University was recognized for its research ability, taking the top place among local general universities in the Leiden Ranking for five consecutive years. The Leiden Ranking, provided by Leiden University in the Netherlands, ranks universit

　 Stray Kids topped Billboard Japan‘s weekly top album sales chart with its second EP there. 　 “Circus” was also No. 1 on the Hot Albums chart and the Tower Records chart. 　 The six-track EP came out on June 22 and headed straight

Vietnam outpaced South Korea in terms of instant noodle consumption per capita, on the Southeast Asian country’s growing purchasing power and economic growth rate, data showed Thursday. According to Nongshim, a leading ramyeon maker in South K

Initial investigation by the police into the deaths of 10-year-old Cho Yu-na and her parents found no evidence of foul play, fueling suspicion that the child has been a victim of so-called “family suicide.” The family of three, who went

The US slowdown is set to cause economic headwinds for South Korea over the next year, though analysts said it would have less impact than the 2007-2008 financial crisis. Fei Xue, an Asia analyst at the Economist Intelligence Unit, told The Korea He

Cultural curator Jung So-ik and art professor Park Kyong will curate South Korea‘s national pavilion at the upcoming 2023 Venice Biennale, Arts Council Korea announced Thursday. It is the first time for Korean Pavilion to have joint curation at

South Korea plans to establish a public-private consultative group to discuss possible solutions in providing compensation for the victims of Japan’s coercion into labor during wartime, ratcheting up efforts to reset strained ties with Japan. 　

Last week, I introduced the paradox on the Han River: the rise of Korea’s global success and decline in hope among young Koreans. Here, I will continue to examine Korea’s choices around two pivotal areas facing the next generation -- its

SEJONG -- Economic policymakers on Thursday designated 14 state-run companies as a group targeted for special control, citing their “risky” financial status. The companies included the Korea Electric Power Corp., the Korea Railroad Corp.

You asked, we answered. Learn everything about Anushka Sen’s Korea trip and how this 19-year-old Bollywood actor and influencer with 37.8 million followers is shaking up the industry with her passion for connecting Asia through content. Watch t

South Korean stocks plunged by almost 2 percent on Thursday to slump for a second straight session amid recession woes and dim outlook for the chipmaking sector. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Ind

The South Korean government has begun imposing zero tariffs on 50,000 tons of imported pork from Thursday, in a move to stabilize the skyrocketing price of pork here. It is the first time in 11 years for the Ministry of Agriculture, Food and Rural A

Chile has been not only an important export destination for South Korean carmaker SsangYong Motor, but also a country that inspired the branding of its new sports utility vehicle, the Torres, on which the company has pinned its hopes for a restart. T

Television director Yoo In-shik hopes to fight prejudices by presenting a story of a talented lawyer who is on the autism spectrum. “Everything began as I watched ‘Innocent Witness’ (2019), written by the screenwriter Moon Ji-won,&

A government agency said Thursday that abortions rose by a small margin the year after a ruling in 2019 that a ban on abortion is unconstitutional, but an overall decline appears to be continuing. The Korea Institute for Health and Social Affairs c

Posco Chemical, a chemical materials provider under South Korean steel giant Posco, has joined hands with UK’s sustainable, low-carbon battery company Britishvolt to co-develop battery materials and expand presence in the European market, accor

As consumers tend to buy products based on their experience, a product designer should understand the basic needs of a human to come up with a creative design that catapults a product’s mass market appeal, head of a design school under South Ko

MADRID -- President Yoon Suk-yeol’s first overseas trip had exceeded expectations, the presidential office said Wednesday, crediting the administration’s two-track strategy of attending security-themed NATO meetings and economy-focused bi

South Korea’s top court on Thursday cleared Shinhan Financial Group Chairman Cho Yong-byoung of unethical hiring charges, putting an end to a four-year legal battle and creating an opening for his possible third term. The Supreme Court upheld

LG Electronics and SM Entertainment unveiled on Thursday their joint venture -- Fitness Candy -- to target the home training market by offering digital workout content. The joint venture will have the home appliance maker develop an application, cl

North Korea’s state-sponsored Lazarus Group is believed to be behind the recent $100 million cryptocurrency theft from a US blockchain company, the latest in a spate of high-profile cyber heists from the Kim Jong-un regime, London-based blockch

The bodies found in a submerged car found on the island off the southern coast were those of a family reported missing, police said Wednesday. The police suspect suicide as the family had been going through financial difficulties. Gwangju Nambu Pol

   In the latest action thriller “The Round Up,” a tenacious Korean detective Ma Seok-do (Ma Dong-seok, also known as Don Lee) chases after a ruthless murderer Kang Hae-sang (Son Suk-ku) in Vietnam who kidnapped and murdered a

South Korean health and beauty retailer CJ Olive Young said Thursday its sales of men’s cosmetic products in the first half of this year increased 24 percent compared to the same period last year. The retailer saw a 130 percent increase in th

The chief of staff for People Power Party Chairman Lee Jun-seok resigned Thursday, as the party’s internal feud escalates over its leadership and future direction. Rep. Park Seong-min sent a text message to reporters Thursday morning saying he

Samsung Electronics said Thursday it has started producing chips using its latest 3 nanometer manufacturing technology – an industry first globally. The 3nm technology boasts greater transistor density than the current 5nm technology, which m

The upcoming 2022 World Punggi Ginseng Expo in Yeongju, North Gyeongsang Province, aims to showcase a fresh aspect of the traditional Korean ginseng, the expo organizing committee said Wednesday. Under the theme, “Ginseng, embracing the world

MADRID -- The South Korea-Japan bilateral summit some had hoped for did not materialize, but both nations’ leaders appeared sincere at this week’s NATO summit about wanting to improve relations. The invitation of the two countries to th

HONG KONG (AP) -- When the British handed Hong Kong to Beijing in 1997, it was promised 50 years of self-government and freedoms of assembly, speech and press that are not allowed on the Communist-ruled Chinese mainland. As the city of 7.4 million pe

The Supreme Court finalized a 1 1/2-year prison term for former National Police Agency Commissioner General Cho Hyun-oh on Thursday for mobilizing police forces to spread pro-government opinions online between 2010 and 2012. Cho was indicted on charg

Tours to the inter-Korean truce village of Panmunjom will resume after months of suspension caused by COVID-19, the UN Command (UNC) said Thursday. The UNC said it decided to restart the tours to the Joint Security Area in the Demilitarized Zone (DMZ

SM Entertainment, a K-pop powerhouse, said Thursday will hold the first in-person joint concert of its artists in about five years in August. The concert titled "SMTOWN Live 2022: SMCU EXPRESS @HUMAN CITY_SUWON" will take place at the Suwon

Samsung Electronics Co. said Thursday it has begun mass production of 3-nanometer semiconductors, stepping up its game in the most advanced chipmaking process node and beating its foundry rival and industry leader TSMC. The next-generation 3nm chips

Police on Thursday questioned a businessman in connection with allegations that he paid for sexual services as a bribe to now-ruling People Power Party (PPP) Chairman Lee Jun-seok about 10 years ago. The National Police Agency said a team of investig

A ruling People Power Party lawmaker resigned as chief of staff to party Chairman Lee Jun-seok on Thursday ahead of an ethics committee meeting the party plans to hold over allegations Lee received sexual services as a bribe about 10 years ago and at

Japan's Oricon on Thursday named South Korean girl group ITZY the top-selling rookie of the first half of the year based on sales in the country, the band's agency said. Oricon announced the K-pop quintet as the best-selling rookie artist i

South Korea will seek close cooperation with China to peacefully address threats posed by North Korea's nuclear weapons program, Prime Minister Han Duck-soo said Thursday. Han made the remarks at a forum marking the 30th anniversary of establish

South Korean battery maker LG Energy Solution Ltd. (LGES) said Thursday it has signed a non-binding agreement with a US mining company for the supply of two kinds of lithium products used in electric vehicle (EV) lithium-ion batteries. Under the memo

South Korea has collected around 34.8 trillion won ($26.72 billion) more in taxes during the first five months of this year compared with the previous year amid growth in employment and economic recovery, the finance ministry said Thursday. In May al

POSCO Chemical Co., a major South Korean chemical company, said Thursday it has agreed to cooperate with a British battery startup on the development and supply of electric vehicle battery components in a bid to tap deeper into the European EV market

Representatives of South Korea's labor and management have agreed to set next year's minimum hourly wage at 9,620 won ($7.41) in a 5 percent increase from this year, officials said Thursday. The Minimum Wage Commission, which is composed of