Yoon says Gangwon's new self-governing status will empower province
President Yoon Suk Yeol attended a ceremony on Friday marking Gangwon's new status as a special self-governing province, which he said would empower the region to cut red tape and develop its local industries.
Korea joins exclusive club with successful L-SAM test
A Korean-developed missile interception system passed its third test out of four earlier this week, according to the national weapons development agency.
Korea rising as a defense supplier amid global tensions
U.S. allies and security partners worldwide looking to re-stock their arsenals are increasingly turning to Korean defense companies to procure weapons.
Big firms' R&D spending rises 14% in 2022 despite lower earnings
Korean firms' spending on research and development (R&D) swelled 14 percent in 2022 from a year earlier despite sharply decreased operating income amid an economic slowdown, a market tracker said Wednesday. Combined R&D expenditures by...
Local government leaders pledge support for Busan bid
President Yoon Suk Yeol urged both the local and central governments to work together to become "one team" and mobilize all their capabilities to support Korea's bid for the 2030 World Expo.
ADB maintains 1.5 percent growth outlook on Korea for 2023
The Asian Development Bank (ADB) on Tuesday maintained its 1.5 percent growth outlook for Korea in 2023, citing continued uncertainties in the global economy. The latest estimate by the Manila-based bank remains unchanged from ...
SGI signs MOU with IDB on insurance in Central, South America
Seoul Guarantee Insurance (SGI) signed a memorandum of understanding (MOU) with Washington-based Inter-American Development Bank (IDB) related to surety insurance in Central and South America.
Former assistant to Democratic Party chairman found dead
A former executive assistant of Democratic Party Chairman Lee Jae-myung was found dead in his apartment on Thursday. The man, surnamed Jeon, worked for Lee when he was Gyeonggi governor…
SGI aids economic development
Seoul Guarantee Insurance (SGI), a full-time guarantee insurance company in Korea, has paved its way with the economic development of Korea.
Young Koreans spending more time in 'emerging adulthood,' report says
Young Koreans today are undergoing “emerging adulthood” longer than young Koreans in the past, according to a report announced by National Youth Policy Institute (NYPI) researcher Yoo Min-sang during a population strategy forum Wednesday.