Parliament Passes 2015 Budget Bill

2014-12-07

Rival parties passed the nation’s budget for next year at 375-point-four trillion won on Tuesday, the Constitutional deadline for passing the ...

New Low Oil Price Era

2014-12-07

As global oil prices slide to the range of 60 dollars per barrel, the drop is expected to save corporate production costs, boost household spending ...

Korea-Japan Business Council Meeting

2014-12-07

The top business organizations of South Korea and Japan held their 24th bilateral business council meeting last Monday. The two sides agreed to ...

Social Survey 2014 – South Korea as Reflected in Public Sentiment

2014-12-05

Consumer Sentiment Backtracks Despite Stimulus Package

2014-11-30

The nation’s consumer sentiment has dipped to levels lower than those posted shortly after the Sewol ferry sinking. The Bank of Korea announced ...

National Assembly Discusses N. Korean Human Rights Bill

2014-11-30

Following the adoption of a North Korean human rights resolution by a United Nation committee, the National Assembly’s Foreign Affairs and Unification ...

Seoul to Send 10 Medical Workers to Sierra Leone in December

2014-11-30

The government will send ten medical workers next month to Ebola-hit Sierra Leone to join global efforts to contain the deadly virus. The government ...

Korea on the Brink of Women Outnumbering Men

2014-11-28

UN Committee Passes Resolution on North Korean Human Rights Situation

2014-11-23

The Third Committee of the United Nations General Assembly adopted a resolution on Tuesday on North Korea's human rights conditions, calling for ...

Two New Ministries Launched following Sewol Disaster

2014-11-23

Two new government organizations launched on Wednesday. Both ministry-level organizations are aimed at preventing a recurrence of the tragic ...