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The Lee Jae Myung administration announced an expansion of the so-called National Growth Fund, a government-led public-private initiative for strategic economic growth, increasing its scope from the originally pledged 100 trillion won ($72 billion) to 150 trillion won. The fund is designed to accelerate long-term support for 10 key advanced industries, including artificial intelligence (AI), semi

◇ Editor's note This is an unofficial translation of President Lee Jae Myung’s Liberation Day address provided by the government. ? ED. My fellow 52 million Korean citizens, and 7 million Koreans overseas, decorated independence activists and relatives of the dearly departed, Eighty years ago today, we reclaimed the light that had been wrested from us. The light that once again touched our hearts

The Lee Jae Myung administration announced an expansion of the so-called National Growth Fund, a government-led public-private initiative for strategic economic growth, increasing its scope from the originally pledged 100 trillion won ($72 billion) to 150 trillion won. The fund is designed to accelerate long-term support for 10 key advanced industries, including artificial intelligence (AI), semi

◇ Editor's note This is an unofficial translation of President Lee Jae Myung’s Liberation Day address provided by the government. ? ED. My fellow 52 million Korean citizens, and 7 million Koreans overseas, decorated independence activists and relatives of the dearly departed, Eighty years ago today, we reclaimed the light that had been wrested from us. The light that once again touched our hearts

Korea has reached a demographic milestone: the number of foreign residents staying in the country for more than three months has surpassed 2 million for the first time. According to Statistics Korea, the resident foreign population rose 5.6 percent year-on-year to 2.043 million last year, representing 3.9 percent of the total population. With the threshold for a multicultural society commonly mark

When the summer sun turns up the heat ? pushing temperatures past 37 degrees Celsius and humidity reaching around 80 percent ? in Seoul, it is the perfect excuse to discover the city’s indoor attractions. Even as the Korea Meteorological Administration issues heat wave warnings, Seoul offers countless ways to stay cool and entertained without braving the sweltering streets. Here are some of the be

Securities firms are rushing to attract customers other than stock traders in the currency exchange sector as they compete with commercial banks, which have long dominated the sector, according to industry officials on Thursday. The officials said Kiwoom Securities and Shinhan Securities will begin exchanging foreign currencies for a wider range of customers this year, while preparation for the se

The government of the United Arab Emirates and the country’s largest international trade and economic zone facilitating company urged investments in the Middle Eastern economic powerhouse during a gathering with representatives of Korean businesses in Seoul on Friday. They introduced the country’s business opportunities at the UAE Business Forum, jointly hosted by the UAE Embassy in Seoul, Khalifa