South Korea's economic growth slowed in the final quarter of 2015 as a drop in construction investment outweighed an improvement in consumer spending, the country's central bank said Tuesday.
South Korea's transport ministry will carry out a safety review of all the country's low-cost airlines, after an aircraft was forced to make an emergency return after takeoff from the Philippines on Sunday.
South Korea's exports fell last year at their fastest rate since the global financial crisis, with 12 straight monthly declines fuelled by a strong won and plunging oil prices.
The once sleepy streets of Pyongyang, where the city's iconic traffic controllers would stand in the middle of usually deserted intersections to direct what few cars came by, are now looking a lot busier. So much so, in fact, that a new word has entered the North Korean lexicon -- "jam," as in traffic jam.
After a debate stretching back more than 40 years, South Korea's parliament has approved a bill that will finally compel the country's influential clergy to pay taxes.
South Korea's economy grew at the fastest pace in more than five years in the third quarter, driven by a strong rebound in consumer spending, central bank data showed Thursday.
The landscape of Seoul's lucrative duty-free market, dominated by Lotte and Shilla as of now, is set for a major change following the bid for the expiring business licenses of three duty-free stores in the capital city.
South Korea's central bank on Thursday left its key interest rate unchanged at a record-low 1.5 percent for the fifth straight month ahead of a possible U.S. rate hike.
South Korea's economy expanded 2.6 percent in the July-September quarter from a year earlier, the fastest annual clip in three quarters, the Bank of Korea said Friday, showing a recovery from the Middle Eastern respiratory syndrome crisis that gripped the country in the summer.
South Korea's central bank on Thursday cut its economic growth forecast for the fourth time this year and left interest rates at a record low, as a lengthening export slump overshadowed a pick-up in domestic activity.