SEJONG– The number of holding companies in South Korea saw a slight net increase last year from a year earlier amid the government’s efforts to encourage firms to have a more transparent governance structure, the corporate watchdog said Tuesday.The Fa…

SEOUL– SsangYong Motor Co. said Tuesday it awaits a court’s approval for its decision to select a local consortium led by chemical-to-steel firm KG Group as the final bidder for the debt-laden carmaker.SsangYong has applied for the approval from the B…

SEJONG– The proportion of one-person households in South Korea is expected to reach nearly 40 percent in 2050 due to a delay in marriages and rapid aging, a government estimate showed Tuesday.The number of households consisting of one member is foreca…

SEOUL– Seoul and two other major cities recorded tropical nights for two days in a row on Tuesday, the state weather agency said.Seoul’s lowest temperature reached 25.8 C, 0.4 C higher than a day earlier, according to the Korea Meteorological Administ…

SEOUL– Top military officers of South Korea and the United States held video talks on Tuesday and agreed that the allies are “fully ready” to deal with any North Korean provocations, Seoul’s Joint Chiefs of Staff (JCS) said.The talks between outgoing …

SEJONG– The accommodation and restaurant sector in South Korea reported the biggest fall in operating profit margins in 2020 compared with 2015 due to the COVID-19 pandemic, data showed Tuesday.The ratio of operating profit against sales for the lodgi…

SEOUL– The South Korean government publicly asked North Korea on Tuesday to give notification before releasing water from dams near their border during the summer rainy season, as their daily hotline communication was disrupted presumably due to a tec…

SEOUL– Kim Han-min, the director and writer of the upcoming historical war film “Hansan,” said Tuesday the second installment of his trilogy about battles led by Adm. Yi Sun-sin will catch the hearts of Korean viewers this summer with naval combat sce…

SEOUL– The South Korean government on Tuesday attempted to send a formal letter asking North Korea to give notification before releasing water from dams near their border during the summer rainy season, the unification ministry said Tuesday.Pyongyang,…

MADRID– President Yoon Suk-yeol will meet with the secretary-general of NATO on Tuesday and promise to enter into a new cooperation program between South Korea and the military alliance in the latter half of the year, an official said.Yoon arrived in …