Gist of proposed state budget for 2023
SEOUL– The following is the gist of the 639 trillion-won (US$473.5 billion) state budget for next year that the finance ministry proposed Tuesday. The government
SEOUL– The following is the gist of the 639 trillion-won (US$473.5 billion) state budget for next year that the finance ministry proposed Tuesday. The government
SEOUL– The South Korean government announced a plan Tuesday for a 4.6 percent on-year increase in its defense budget for next year, with a focus
SEOUL– The industry ministry said Tuesday it has requested 10.74 trillion won (US$7.95 billion) in its budget for next year to spur semiconductors, nuclear energy
SEOUL– The Bank of Korea (BOK) will not change its current monetary policy of pushing for “piecemeal” rate increases to combat inflation despite U.S. Fed
SEOUL– South Korea waited Tuesday for an international tribunal’s decision in a massive, multibillion dollar damages suit that U.S. private equity firm Lone Star filed
SEOUL– South Korea’s stock market traded higher late Tuesday morning, as investors digested the possibility of the U.S. Federal Reserve continuing its aggressive monetary tightening.The
SEOUL– South Korea seeks to expand its generation of nuclear power to nearly 33 percent of its total energy creation by 2030 in a move
SEOUL– Bank’s household lending rate in South Korea jumped to the highest level in more than nine years in July as the central bank continued
SEOUL– South Korea’s expenditure on processed food consumption grew approximately 18 percent during the course of the COVID-19 pandemic, a public institution survey analysis showed
SUWON, South Korea– A key suspect in the allegation that the wife of former ruling party presidential candidate and incumbent opposition leader Lee Jae-myung misused