Korea was added to a watch list for the potential inclusion in the World Government Bond Index (WGBI) operated by FTSE Russell, a move that could help the country better lure foreign investment, the Finance Ministry said Friday.
Legislative experts from Korea and other Asian countries gathered both virtually and in-person Thursday at an annual law forum hosted in Seoul to discuss the digitalization of legal systems.
I picture a vibrant labor market where businesses create quality jobs and vulnerable groups such as youth, the elderly, women and the disabled are protected adequately and work together.
A total of 450,000 tons of rice will be purchased by the government this year to prop up prices.
The government has been making efforts in recent years to create more city parks to provide a resting place for citizens and visitors. One of the latest projects that was recently completed and unveiled on Aug. 6 is the Gwanghwamun Plaza, which had..
A refurbished bicycle pop-up store was opened at Lotte Mart's Songpa branch in southern Seoul, according to the Seoul city government Thursday.
The Prime Minister's Secretariat revealed that at least 261 billion won ($187 million) of taxpayer funds were mismanaged by the Moon Jae-in administration for solar power and other renewable energy sources projects.
"Y-nomics," or "Yoonomics," is about taking the government out of the economy. The goal is to revitalize the economy with fewer business restrictions and lower taxes, ,creating a virtuous cycle.
In the face of triple economic challenges — high prices, a high dollar and high interest rates — the Yoon Suk-yeol administration has decided to slim government spending for next year to bolster fiscal integrity.
The increase is the smallest since the 3.7 percent increase in 2017. When supplementary budgets are included, 2023's budget is lower than 2022's. If would be the first drop in 13 years, unless extra budgets are passed next year.