SEOUL– South Korea’s Hyundai Motor Group said Sunday it will invest an additional US$5 billion in the United States for robotics and autonomous driving software development, just a day after announcing a similar size investment to build an electric ve…
U.S. President Joe Biden has arrived in Japan on the second leg of his first trip to Asia as president.Biden will have a busy two days. On Monday, he is set to meet with Prime Minister Fumio Kishida and Emperor Naruhito, as well as promote a U.S.-led, …
South Korean companies could find themselves attempting a precarious balance between Washington and Beijing, as Seoul announced its decision to join a new U.S.-led regional economic initiative that does not include China.President Yoon Suk-yeol said Sa…
President Yoon Suk-yeol and U.S. President Joe Biden held their first summit in Seoul on Saturday on a range of issues expected to include North Korea’s nuclear program and supply chain risks.Biden arrived at the new presidential office in Seoul’s cent…
SEOUL– South Korean shares advanced Friday as investors scooped up oversold stocks and pinned hopes for expanded business ties between South Korea and the United States. The Korean won steeply rose against the U.S. dollar.The benchmark Korea Composite…
SEJONG– South Korea said Friday it is preparing to provide compensation to merchants hit by the COVID-19 pandemic within three days after the National Assembly approves the latest extra budget bill.The parliament is reviewing the government’s proposed…
SEOUL– More than seven out of 10 South Koreans are in favor of giving medical assistance to North Korea struggling with a massive COVID-19 outbreak, a poll showed Friday.In a nationwide poll of 1,000 people aged 18 or above conducted by Gallup Korea f…
SEOUL– South Korea and the United States agreed Friday to launch a dialogue channel between their presidential offices to coordinate policy on cutting-edge technologies and supply chains, the South’s presidential office said.The agreement was reached …
SEOUL– South Korean shares traded higher late Friday morning, buoyed by strong institutional buying, despite overnight falls on Wall Street.The benchmark Korea Composite Stock Price Index (KOSPI) had added 39.7 points, or 1.53 percent, to trade at 2,6…
SOEUL– The Toronto Blue Jays’ South Korean starter Ryu Hyun-jin will make his second start back from injury on the weekend against the worst team in the majors this season.The Blue Jays have announced Ryu as their starter for the opening game of an up…
SEOUL– Household income grew at the fastest pace on record in the first quarter on the back of the economic recovery and state relief funds for pandemic-hit merchants, data showed Thursday.The average household earned 4.83 million won (US$3,800) per m…
SEOUL– South Korea’s tax revenue increased 10.4 trillion won (US$8.16 billion) in March from a year earlier, as the collection of corporate and value-added taxes rose amid the economic recovery, the finance ministry said Thursday.The government collec…