The International Monetary Fund (IMF) on Tuesday maintained its 2022 growth outlook for South Korea at 3 percent as exports and investment will likely remain robust despite heightened economic uncertainty. The IMF's latest projection is the same as its forecast made in January. It lowered its 2023 growth outlook for Asia's fourth-largest economy to 2.8 percent from 2.9 percent. The Washington-b...

Even with South Korea having already secured their place in this year's FIFA World Cup, head coach Paulo Bento feels his team's final qualifier against the United Arab Emirates (UAE) will still be "a very important game." South Korea will enter Tuesday's match against the UAE as the top seed in Group A of the final Asian World Cup qualification round. And wanting to see his team finish in that e...

South Korea's state-run Korea Electric Power Corp. (KEPCO) said Tuesday it will freeze the adjusted unit fuel cost, a key part of the country's electricity rates, in the second quarter despite high energy prices amid rising inflation. KEPCO said it has decided to set the adjusted unit fuel cost at zero won per kilowatt-hour for the April-June period of this year, the same as that three months ea...

“Ranging from a calm career woman to a mother devoted to her family, there are different types of women. And this development, continuing since 2016, is meaningful to the Korean content industry,” Hwang said. “With the growing popularity of global streaming services, more multidimensional characters are being played by female actors, including Han So-hee of Netflix’s action noir ‘My Name’ and Kim...

WASHINGTON -- The Joe Biden administration is seeking a 4.1 percent increase in defense spending, citing the US' growing competition with China and threats from North Korea, its budget plan showed Monday. The bill proposal, submitted to Congress, seeks $813.3 billion in overall defense spending in fiscal year 2023 starting Oct. 1. For the Department of Defense, the government is asking for a 4....

WASHINGTON -- The top military officers of South Korea, Japan and the United States will meet this week in Hawaii for talks, an informed source here said Monday, following a series of North Korean missile launches that included its first ICBM test in over four years. Gen. Won In-choul, chairman of South Korea's Joint Chiefs of Staff (JCS), will meet his US and Japanese counterparts -- Gen. Mark ...

The RCU model integrates economic, social and natural sustainability to create powerful and lasting growth powered by a community of SMEs Amr AlMadani, the RCU CEO, discusses 'tourism at a tipping point' during a fireside chat at Global Entrepreneurship Congress 2022 Scene then shifts to AlUla to share insights with emerging entrepreneurs RIYADH, Saudi Arabia , March 29, 2022 /PRNewswire/ -...

Many who now worry about rising inflation in the United States may disagree, but the US Federal Reserve should take a victory lap. Just consider what the Fed has achieved over the past two years. At this time in 2020, the COVID-19 pandemic had pushed employment down by a massive 14 percent when large portions of the economy were forced to shut down. And although employment bounced back when the ...

PRINCETON, N.J. , March 29, 2022 /PRNewswire/ -- Today, the ETS Board of Trustees announced Amit Sevak will join the organization as its seventh president and chief executive officer. Amit Sevak "Amit is a transformational leader — I am excited about the experience and commitment to our mission that he will bring to ETS," said Jeffrey Sine , chair of the ETS Board of Trustees. "I am conf...

BEIJING , March 28, 2022 /PRNewswire/ -- Biocytogen Pharmaceuticals ( Beijing ) Co., Ltd. (hereafter referred to as "Biocytogen") announced the opening of the Biocytogen Europe Innovation Center (BEIC) in Heidelberg, Germany . Local government representatives, clinical experts, and colleagues and collaborators from multi-national companies made speeches at the opening ceremony. Dr. Vivia...

SEOUL, South Korea , March 28, 2022 /PRNewswire/ -- The white truffle first spray serum, the main product of premium vegan brand d'Alba, surpassed 10 million global cumulative sales in January this year. Despite the difficult market due to COVID-19 last year, the solid brand power in the domestic market allowed continuous increase in sales in the global market through e-commerce channels suc...