SEOUL– South Korea approved a plan Monday to develop homegrown lightweight torpedoes by 2028 to enhance the Navy’s anti-submarine capabilities, the state arms procurement agency said. Presided over by Defense…
SEOUL– The Doosan Bears are in the midst of a remarkable postseason streak in South Korean baseball. They will make their seventh consecutive Korea Baseball Organization (KBO) postseason appearance later…
SEOUL– South Korean carmakers’ sales fell 22 percent last month from a year earlier as an extended global chip shortage and the COVID-19 pandemic continued to weigh on vehicle production…
SEOUL– POSCO International Corp., the trading unit of South Korean steel giant POSCO, said Monday it signed an agreement with Malaysia’s state-owned oil and gas company to explore and operate…
SEOUL– Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Monday its third-quarter net profit jumped 33 percent from a year earlier on foreign-exchange gains. Net profit…
SEOUL– Household loans by major banks in South Korea grew at a slower pace in October from a month earlier as the government tightened its grip on lending, industry data…