Following a two-year grace period, the Serious Accidents Punishment Act (SAPA) came into effect on Saturday for smaller businesses. This regulation applies to companies with fewer than 50 employees, encompassing 837,000 firms and impacting approximat…

SEOUL, Vice ministers of South Korea and the United States on Wednesday discussed ways to enhance cooperation on major minerals, carbon-free resources, and other energy and trade issues, Seoul’s industry ministry said.

The discussions were made duri…

SEOUL, LG HandH Co. on Wednesday reported its fourth-quarter net loss of 120.4 billion won (US$90.2 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that operating profit for the October-December perio…

SEOUL, North Korea said Wednesday that it conducted a drill to launch the strategic cruise missile Hwasal-2 the previous day.

The missile launch did not pose any threat to the safety of the North’s neighboring countries and was aimed at “checking th…

WASHINGTON, Jan. 30 (Yonhap) — South Korea will “never be perturbed” by continued North Korean military provocations and will continue to beef up security cooperation with the United States and Japan, Seoul’s top envoy in Washington said Tuesday.

A…

SEOUL, Japan’s antitrust regulator has approved a 1.8 trillion-won (US$1.34 billion) merger deal between Korean Air Co. and Asiana Airlines Inc., according to the companies Wednesday, moving the merger process between South Korea’s two full-fledged a…