SEOUL/SUWON, South Korea, The ruling People Power Party (PPP) said Wednesday it will seek to bury railways running through major cities underground and develop the newly created overland areas into futuristic urban spaces with parks, offices and new …

SEOUL, South Korea’s tax revenue fell 51.9 trillion won (US$38.92 billion) in 2023 from a year earlier due mainly to weak corporate activities and the property market slump, the finance ministry said Wednesday.

The government collected 344.1 trillio…

SEOUL, A Seoul court on Friday ordered the state to compensate victims of human rights abuses at a now-defunct detention facility for vagrants in the southeastern city of Busan, in the second such ruling recognizing state responsibility in the incide…

SEOUL, A court on Wednesday sentenced a Seoul stabbing rampage suspect to life in prison.

The Seoul Central District Court handed out the life sentence to Cho Seon, 34, who was indicted for stabbing one man to death and wounding three others near a …

SEOUL, POSCO International on Wednesday reported its fourth-quarter net income of 73.4 billion won (US$55 million), down 21.1 percent from a year earlier.

The company said in a regulatory filing that it posted 214.6 billion won in operating profit f…

SEOUL, North Korea said Wednesday it will hold an eight-day cultural event next month on the occasion of the 82nd birth anniversary of the country’s late leader Kim Jong-il.

The people’s arts festival will be held Feb. 11-18 in Pyongyang to mark the…