HD Hyundai Chair Chung Ki-sun visited the Philippines this week as part of the South Korean government’s economic mission, paying tribute to Korean War veterans, attending a bilateral business forum and inspecting the group’s shipyard operations in Subic Bay. On Wednesday, Chung visited Libingan ng mga Bayani, the national cemetery in Manila, where he laid flowers at the Korean War Memorial Pylon. The Philippines was the first Asian country to dispatch combat troops during the Korean War, sendin

The South Korean government has unveiled new measures aimed at improving the country's tariff-rate quota system and preventing unfair practices by importers exploiting it.

The South Korean government condemned the Russian embassy in Seoul for displaying a banner with the message 'Victory will be ours', sparking a diplomatic reaction.

The Russian embassy in Seoul displayed a banner glorifying the war, prompting the South Korean government to request its removal, which Russia refused.

The South Korean government plans to allocate $10 million annually to five research institutions to attract elite global scientists.

Amazon Web Services Korea is increasing its infrastructure investment this year, focusing on expanding into the public sector and advancing agentic AI, aligning with the South Korean government's goal to become a top-three global AI leader.

The South Korean government is engaging in discussions with domestic chip and battery companies regarding U.S. visa-related issues.

A South Korean government tax scheme, the Reshoring Investment Account (RIA), designed to respond to overseas equity flows and currency volatility, remains stalled in the National Assembly despite shifting market conditions.

The Russian Embassy in Seoul displayed a large banner with the slogan 'Victory will be ours' ahead of the fourth anniversary of Russia's invasion of Ukraine, sparking controversy and a request for its removal from the South Korean government.

The South Korean government plans to promote the artificial intelligence transformation of major industrial complexes across the country.

The South Korean government has announced 2.1 trillion won ($1.46 billion) in financial support for the country's first petrochemical restructuring, specifically backing an overhaul of the Daesan complex involving Lotte Chemical Corp. and HD Hyundai Chemical.

South Korea's Ministry of Education will conduct a nationwide survey on school uniform prices after President Lee Jae Myung raised concerns about their excessive cost. The government is considering an overhaul to address the issue.