Seoul: South Korea’s fiscal deficit amounted to over 89 trillion won (US$60.7 billion) in the first 11 months of last year, the budget ministry reported

Seoul: Two artificial intelligence (AI) consortiums led by Naver Cloud Corp. and NC AI Co. have been eliminated from a government-led competition in selecting developers

Seoul: Container shipping costs from South Korea to major economies, including the United States and the European Union (EU), rose in December from the previous

Seoul: The benchmark rate for banks’ mortgage rates increased for a fourth consecutive month in December, data showed Thursday. COFIX, or the Cost of Funds

Washington: Trade Minister Yeo Han-koo has met with U.S. lawmakers and officials to dispel concerns over South Korea’s ongoing investigation into a massive data breach

Seoul: Former President Yoon Suk Yeol is set to receive his first court sentence this week on charges related to his December 2024 imposition of