SEOUL, The Organization for Economic Cooperation and Development (OECD) revised down its outlook for South Korea’s economic growth this year to 2.2 percent, Seoul’s finance ministry said Monday.

The figure marked a 0.1 percentage-point fall from its…

SEOUL, South Korea’s health ministry is expected to make a decision on the enrollment quota hikes for medical schools as it is set to hold a meeting on medical workforce policies this week, an official said Monday.

Last week, the government said Sou…

SEOUL, BNK Financial Group Inc. on Monday reported its 2023 net profit of 669.4 billion won (US$503 million), down 18.6 percent from a year earlier.

Operating profit for the year was 801.2 billion won, down 30.9 percent from the previous year, the c…

SEOUL, South Korean builder Booyoung Group said Monday it will provide employees with 100 million won (US$75,000) per birth to help boost the country’s record-low birth rate.

Booyoung has delivered a combined 7 billion won to 70 employees, either ma…

SEOUL, Lim Jong-hun, former deputy head of the National Court Administration (NCA), the Supreme Court’s governing body, was sentenced by a court Monday to two years in prison, suspended for three years, after being convicted in a controversial power …

SEOUL, Naver Cloud Corp. said Monday it has signed an initial agreement with NHN Cloud Corp. to expand its artificial intelligence (AI) business to foster a domestic AI ecosystem.

Under the memorandum of understanding, the two companies will work to…