The state power utility will freeze the third-quarter electricity rates for a high demand season amid inflationary pressure, officials said Friday.
Korea Electric Power Corp. (KEPCO) said it will keep the adjusted unit fuel cost — a key part of the…
South Korea’s foreign currency authorities said Friday that they agreed with the state pension operator to raise the upper limit of their currency swap deal to US$50 billion from the current $35 billion to better cope with market volatility.
Late la…
A legislative notice on establishing a new strategic command will be issued Friday, the defense ministry said, paving the way for launching the envisioned military unit tasked with better fending off and responding to evolving North Korean threats.
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South Korea’s Finance Minister Choi Sang-mok will hold talks with his Japanese counterpart, Shunichi Suzuki, next week to discuss ways of strengthening financial and economic cooperation, Seoul’s finance ministry said Friday.
The ninth Korea-Japan f…
Hanwha Group said Friday it has invested US$100 million in Philly Shipyard Inc. to acquire a 100 percent stake in the U.S. shipbuilder, marking the first entry of a South Korean company into the U.S. shipbuilding industry.
The acquisition involves t…
South Korea’s producer prices rose for the sixth consecutive month in May, driven in part by the soaring prices of services and utility costs, central bank data showed Friday.
The producer price index, a major barometer of consumer inflation, increa…
Abuja: At a bustling food market in Nigeria’s capital, Mummy Christiana breaks down in tears as she describes how a conflict thousands of kilometers away leaves her family struggling to