SEJONG -- Deputy Prime Minister and Finance Minister Hong Nam-ki has expressed his commitment to raising accuracy and transparency in generating figures on tax revenue, reiterating his apology for the government’s excess revenue beyond its earlier estimate. In his meeting with reporters on Monday, Hong said the Finance Ministry would “focus on raising transparency (in operation and forecast of tax revenue) as well as revising the calculating system.” If the coming calculation

Messenger giant's image as innovative, friendly company questioned over a series of mishaps involving CEOs

Japan blocks most tsunami attacks from the Pacific, but Korea is not a safe zone

Mandate for adults removed at malls and other ‘lower-risk’ places

Korea’s two leading carriers, Korean Air and Asiana Airlines, plan to expand mileage services to encourage customers to spend their points that would otherwise be left unused over travel restrictions. The plan is to cut down liabilities on their balance sheets by incentivizing customers to use up mileage points which is counted as “debt.“ Reducing debts on their balance sheets is a must for the two, as they are awaiting for authorities‘ approval for their merger. Korea

SEJONG -- The number of self-employed workers declined by 18,000 in South Korea last year, despite improvement in employment indices, state data showed Monday. Self-employed workers refers to non-salaried people who operate businesses without hiring employees or do so with several employees, mostly less than five. The country has a dominant portion of self-employed people engaging in sectors such as food service, lodging, wholesale and retail. According to Statistics Korea, the tally for self-

Main opposition party ‘relieved’ by recording

Candidate from minor progressive party promises to cast light on labor, gender, climate crisis

The top nuclear envoys of South Korea, the United States and Japan held a discussion Monday about North Korea's latest apparent missile test and agreed to maintain the close trilateral cooperation in the region, Seoul's foreign ministry said. Noh Kyu-duk, special representative for Korean Peninsula peace and security affairs, had the emergency consultations with his American and Japanese counterparts -- Sung Kim and Takehiro Funakoshi -- hours after the North lobbed two suspected short-range ba

Main opposition presidential candidate Yoon Suk-yeol on Monday vowed to secure a preemptive strike capability after North Korea conducted its fourth missile test this year. Yoon of the conservative People Power Party previously mentioned the need to carry out a preemptive strike in the event North Korea appears ready to fire a nuclear-tipped missile at the South. In a Facebook post Monday, hours after North Korea launched two suspected short-range ballistic missiles into the East Sea, Yoon dou

A 60-something man is in serious condition after setting himself on fire out of anger over a feud with an international marriage agency that refused to arrange a marriage for him, officials said Monday. The 64-year-old man, whose identity was withheld, set himself ablaze at the office of the marriage agency on the southern island of Jeju at around 12:56 p.m. a day earlier, according to police and firefighting authorities on the island. During talks with the head of the agency, the man suddenly

South Korea on Monday denounced Japan's repeated sovereignty claim to the easternmost islets of Dokdo and urged the neighbor to face up to history in order to improve bilateral relations. The foreign ministry lodged a strong protest after Japanese Foreign Minister Yoshimasa Hayashi reiterated Tokyo's stance on the East Sea outcroppings in his parliamentary speech earlier in the day. "The Japanese government should stop its unreasonable claim to Dokdo, which is clearly our inherent territo