SEOUL: South Korea and the European Union (EU) will kick off their joint research projects on semiconductor technologies this month, Seoul’s science ministry said Wednesday.

The Ministry of Science and ICT and the Chips Joint Undertaking under the Eu…

SEOUL: Prosecutors have sought a warrant to arrest Kim Beom-su, the founder of tech giant Kakao Corp., over alleged stock price manipulation connected to the firm’s takeover of K-pop powerhouse SM Entertainment last year, officials said Wednesday.

Th…

SEOUL: A heavy rain watch was issued across parts of northern Gyeonggi Province on Wednesday, with 100 millimeters of rain per hour pouring in the border city of Paju, the state weather agency said.

As of 7 a.m., heavy downpours of 100.9 mm per hour …

SEOUL: Gyeonghui Palace, one of Seoul’s five grand palaces built during the Joseon Dynasty (1392-1910), and its vicinity will be reborn as a large historical and cultural park about 10 times the size of Seoul Plaza, the Seoul city government said Wedn…

SEOUL: Banks in South Korea are expected to tighten their stances on extending loans in the third quarter of the year, a central bank survey showed Wednesday.

According to the poll of financial institutions, including 18 banks, conducted by the Bank …

SEOUL: The financial regulator said Wednesday that toughened rules and the punishment of illegal transactions involving virtual assets will be implemented this week.

The new law, the Virtual Asset Users Protection Act, requires virtual asset exchange…