SEOUL– South Korea and other major economies should stop a string of interest rate hikes to fight inflation, as the extended monetary tightening would exacerbate recession risks, a U.S. expert…
SEOUL– KT&G Corp., South Korea’s dominant tobacco company, said Wednesday it will add all-new heat-not-burn products in the domestic market to diversify its cigarette-focused lineup. KT&G will release the lil…
North Korea’s recent tests of its Hwasong-17 intercontinental ballistic missile (ICBM) appear to be aimed at developing a missile with multiple nuclear warheads that can target the United States, experts…
SEOUL– Foreign investors turned net buyers of South Korean stocks in October despite continued global monetary tightening as they picked up oversold shares, central bank data showed Wednesday. Foreigners’ stock…
SEOUL– CS Wind Corp. on Wednesday reported its third-quarter net income of 165 million won (US$120,941), down 98.4 percent from a year earlier. Operating income for the July-September period was…
North Korea fired a ballistic missile Wednesday, South Korea’s military reported, adding to Pyongyang’s unprecedented barrage that has heightened military tensions in Northeast Asia. The short-range missile was launched from…