South Korea’s overseas direct investment fell for the first time in three years in 2023 amid an economic slowdown in China and geopolitical uncertainties, the finance ministry said Friday.

Investments made by South Korean companies declined 22.2 per…

The government on Friday convened the inaugural session of the committee responsible for allocating 2,000 additional medical school admission seats to universities, accelerating the allocating process despite escalating protests from medical circles….

A power outage disrupted subway operations on a Line 3 section in Goyang, northwest of Seoul, on Friday morning, causing massive congestion for commuters during the morning rush hour.

Korea Railroad Corp. (KORAIL) said the power outage happened at 4…

Proxy adviser Institutional Shareholder Services (ISS) has urged shareholders of KT and G Corp., South Korea’s dominant cigarette maker, to vote for a board nominee endorsed by activist fund Flashlight Capital Partners, according to the fund Friday.
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South Korean and U.S. warplanes staged a combined live-fire exercise against North Korean cruise missile and long-range artillery threats in waters off the west coast this week, the South’s Air Force said Friday.

The five-day drills began Monday, mo…

Container shipping costs from Europe to South Korea soared nearly 40 percent in February amid continued tensions surrounding the Red Sea, data showed Friday.

The average shipping cost for a 40-foot container for the route jumped 38.7 percent on-mont…