WASHINGTON -- North Korea continues to advance its nuclear and ballistic missile programs despite worsening economic conditions exacerbated by UN Security Council (UNSC) sanctions, a UN report showed Monday. The report by a panel of experts on North Korean sanctions also said the North continues to evade sanctions by ever sophisticating means. "During the reporting period, despite the country's focus on its worsening economic travails, the Democratic People's Republic of Korea continued t

Earnings by South Korea's top four conglomerates accounted for more than 80 percent of the 30 leading business groups' total net profit in 2020 in a show of their dominance in Asia's fourth-largest economy, government data showed Tuesday. Samsung, Hyundai Motor, SK and LG groups posted a combined net income of 37.6 trillion won ($31.7 billion) last year, up 2.2 trillion won from a year earlier, according to the data that the Fair Trade Commission presented for an annual parliamentary audition. T

WASHINGTON -- A spokesman for the US State Department on Monday stressed the need to fully implement UN Security Council sanctions on N. Korea while also urging the North to comply with UN resolutions that prohibit the North from testing or developing weapons of mass destruction. Ned Price made the remark after North Korea criticized the UN Security Council (UNSC) for convening an emergency meeting last week to discuss its recent missile launches. "We remain concerned by the DPRK's repeat

South Korean retailers' confidence fell below par for the fourth quarter of the year due to strict social distancing measures to stem the spread of the new coronavirus, a poll showed Tuesday. The Korean Chamber of Commerce and Industry said its retail business survey index (RBSI) came to 99 for the October-December period, down 7 points from three months earlier. It marks the first on-quarter drop in three quarters. The RBSI stood at 106 in the third quarter and 103 in the first quarter. The fig

WASHINGTON -- US Secretary of State Antony Blinken on Monday highlighted the importance of cooperation between the North Atlantic Treaty Organization (NATO) and key US allies such as South Korea in dealing with regional and global issues. The call for unity among US allies comes amid growing competition between the US and China. "Secretary of State Antony J. Blinken spoke today with NATO Secretary General Jens Stoltenberg to discuss the centrality of the Transatlantic bond and Alliance un

Closing the distance between French luxury brand Hermes and its customers while the pandemic has kept them physically apart has been the goal of Sang Jeon, Hermes’ art director for digital platforms. “I provide some whimsical and humorous contents on social media to people who cannot visit the store during the pandemic and keep them familiar with the brand, narrowing the physical distance between the two, which grew due to the pandemic,” Jeon said in a recent email interview

From the Huawei affair to the AUKUS spat and beyond, a new reality is shaking up the global economy: the takeover, usually hostile, of international economics by geopolitics. This process is probably only just beginning, and the challenge now is learning how to live with it. Of course, economics and geopolitics have never been completely separate domains. The post-World War II liberal economic order was designed by economists, but on the basis of a master plan conceived by foreign-policy strat

If you are concerned about the well-being of the United States and interested in what the country could do to help itself, stop what you are doing and read historian Geoffrey Kabaservice’s superb 2012 book, “Rule and Ruin: The Downfall of Moderation and the Destruction of the Republican Party, from Eisenhower to the Tea Party.” To understand why, allow me a brief historical interlude. Until roughly the start of the 17th century, people generally had to look back in time to fi