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News
Tax agency to probe 41 businesses for causing consumer price instability
12+ hour, 24+ min ago (243+ words) SEOUL, Sept. 14 (Yonhap) -- South Korea's tax agency said Monday it has launched probes into 41 businesses for allegedly engaging in unfair practices and contributing to consumer price instability, as the government seeks to curb inflation ahead of the Chuseok holiday. The…...
Ex-broadcasting watchdog chief unfairly involved in YTN stake sell-off: state auditor
14+ hour, 14+ min ago (328+ words) SEOUL, Sept. 14 (Yonhap) -- Former broadcasting and communications watchdog chief Lee Dong-kwan was unfairly involved in the course of the sell-off of a controlling stake in news cable channel YTN in 2023 when ousted former President Yoon Suk Yeol was in office,…...
S. Korea's ICT exports mark record high on sustained AI investments
15+ hour, 10+ min ago (243+ words) SEOUL, Sept. 14 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products marked a historic high in August, driven by sustained global investments in artificial intelligence (AI), government data showed Monday. Outbound shipments of ICT products reached US$59.98 billion…...
S. Korea-Central Asia industry ministers' meeting
15+ hour, 53+ min ago (9+ words) Yonhap News Agency...
(Yonhap Interview) Kazakhstan seeks to deepen economic ties with S. Korea beyond autos into high-tech, key minerals
19+ hour, 14+ min ago (689+ words) SEOUL, Sept. 14 (Yonhap) -- Kazakhstan is seeking to expand economic cooperation with South Korea beyond the automotive industry into artificial intelligence (AI), critical minerals and other advanced sectors, Kazakhstan's top diplomat said Monday. Kazakhstan's Foreign Minister Mukhtar Tileuberdi made the remarks…...
Finance minister nominee says corporate tax cut not under consideration
1+ day, 6+ hour ago (218+ words) SEOUL, Sept. 13 (Yonhap) -- Finance Minister nominee Lee Hyoung-il said Sunday the he is not considering a corporate tax cut, citing the restoration of the corporate tax rate that took effect this year. The nominee made the remarks in response to…...
Lee reassures public over oil prices amid escalating Middle East tensions
2+ day, 8+ hour ago (199+ words) SEOUL, Sept. 12 (Yonhap) -- President Lee Jae Myung reassured South Koreans on Saturday that the government is taking all necessary measures to stabilize oil prices amid a surge in global crude prices caused by escalating tensions in the Middle East. In…...
Seoul to hold 1st Central Asia summit, discuss critical minerals, supply chain cooperation
3+ day, 10+ hour ago (385+ words) SEOUL, Sept. 11 (Yonhap) -- Seoul will host the first South Korea-Central Asia Summit next week to discuss cooperation with the region in areas including critical minerals, energy sources and the diversification of global supply chains, the presidential office said Friday. The…...
S. Korea's economic recovery remains solid, led by exports: finance ministry
3+ day, 16+ hour ago (313+ words) SEOUL, Sept. 11 (Yonhap) -- South Korea's economy continues to show solid signs of recovery, supported by robust exports and improving domestic consumption, the finance ministry said Friday. The Ministry of Finance and Economy offered the assessment in its monthly economic report,…...
S. Korea's fiscal balance improves through July: budget ministry
3+ day, 16+ hour ago (243+ words) SEOUL, Sept. 11 (Yonhap) -- South Korea's fiscal balance improved from a year earlier during the January-July period amid strong tax revenue growth driven by higher incomes and an increase in home transactions, the budget ministry said Friday. The managed fiscal balance,…...