The Bank of Korea attributed the 0.1 percent contraction to high interest rates, the sluggish housing market and strict loan issuance regulations after a record spike in the third quarter last year.
The second round of negotiations for the 12th Special Measures Agreement (SMA) to determine South Korea's share of the costs for stationing U.S. Forces Korea (USFK) after 2026 was held in Seoul on Tuesday.
China's embassy in South Korea on Tuesday strongly condemned a South Korean lawmaker for attending the inauguration ceremony of Taiwanese President Lai Ching-te earlier this week.
Police on Tuesday transferred four Hanshin University staff members, who are accused of abducting and confining Uzbek students during their forced departure last year, to the prosecution.
The importance and challenges of building digital trust in the current ever-developing era of AI and technological innovation were highlighted during an open talk event hosted by the Swiss Embassy in Seoul on Monday.
“I feel sorry all those who have believed in me and supported me,” Lee said in a statement posted to Daejeon’s official Instagram account on Tuesday.
Fitch Ratings' senior director Pak Jeong-min said Hyundai Motor Group needs to diversify its EV lineup while bolstering its premium models to secure stable profitability.
The Kospi shed 17.96 points, or 0.65 percent, to close at 2,724.18 as investors wait for the minutes of the U.S. Federal Reserve's rate-setting meeting and Nvidia's earnings report.
Doosan Enerbility secured a 50 billion won contract with Engie Energía Chile to convert the Chilean power plant's unit to run on natural gas instead of coal.
President Yoon Suk Yeol on Tuesday vetoed a bill that would establish a special counsel probe into the Defense Ministry’s handling of a Marine’s death last year.
Korea JoongAng Daily Sitemap