The average lending rate of major banks in South Korea dipped slightly from a month earlier in July, marking the third consecutive month of drop, data showed Friday.
COFIX, or the Cost of Funds Index, a benchmark lending rate for mortgage loans, cam…
South Korea’s defense authorities on Friday approved a plan to reduce Indonesia’s contribution for a joint fighter jet development project to 600 billion won (US$440 million), about one-third of the original amount, the state arms procurement agency …
Unification Minister Kim Yung-ho on Friday called on North Korea to respond to South Korea’s offer for an official dialogue channel, stressing that South Korea does not seek unification by absorption.
Kim made the call a day after President Yoon Suk…
Celltrion Inc., a South Korean biopharmaceutical firm, said Friday it has decided not to merge with its chemical drug-producing affiliate, Celltrion Pharm Inc., as shareholders disagreed on the planned merger.
The decision was made in board meetings…
The main opposition Democratic Party (DP) is open to a “third party” appointing a special counsel to investigate the military’s response to a Marine’s death, the DP acting chief said Friday, referring to a method proposed by ruling People Power Party…
North Korean leader Kim Jong-un has pledged to transform backward regions, as the recent downpours in the country’s northwestern border areas left many flood victims displaced and caused damage, state media reported Friday.
Kim made the remark Thurs…
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