SEOUL, The Seoul city government will provide a 1 million-won (US$753) postpartum care subsidy for all mothers who give birth in the capital this year, city officials said Tuesday.

The subsidy program is part of the city’s “birth encouragement” proj…

SEOUL, Foreign investors scooped up Korean stocks in January for the third consecutive month on the back of hopes for a recovery in the chipmaking sector, central bank data showed Tuesday.

Offshore investors bought a net US$2.51 billion worth of loc…

Regulators around the world are keen to keep dominant market players from abusing their overwhelming power to eliminate smaller and nascent rivals. South Korea’s top antitrust regulator attempted to legislate an act to prevent such unfair practice, o…

SEOUL, A delegation of North Korea’s ruling party officials have left for Russia to attend an international forum, state media reported Tuesday, amid deepening bilateral cooperation in the military and other sectors.

Kim Su-gil, alternate member of …

Buoyed by the recent flurry of contract signings for exports of major weapons systems, expectations are growing for South Korea to emerge as a powerhouse of the global defense industry. According to defense authorities and industry sources on Monday,…

WASHINGTON, A U.S. diplomat on Monday highlighted America’s commitment to working in tandem with South Korea and Japan to address growing military cooperation between North Korea and Russia, which he said serves only to prolong Moscow’s war in Ukrain…