North Korea on Monday kicked off a key party meeting to discuss and decide major “strategic and tactical policies” for the next year, with the attendance of the country’s leader Kim Jong-un. The North Korean leader presided over the fourth plenary meeting of the eighth Central Committee of the Workers’ Party of Korea upon the authorization of the politburo, North Korean media reported Tuesday. ...

The global TV sensation "Squid Game" will likely return not only with season 2 but also with season 3, its creator Hwang Dong-hyuk said Tuesday. "I'm in talks with Netflix over season 2 as well as season 3," Hwang said in an online interview with Korean broadcaster KBS. "We will come to a conclusion any time soon." It is the first time that the director-writer has hinted at the possibility of a...

South Korea plans to embark on a civilian-military project next year to design a solid-fuel space launch vehicle under a broad initiative to develop the country's space defense industry, the state arms procurement agency said Tuesday. At a policy forum, the Defense Acquisition Program Administration (DAPA) unveiled the initiative consisting of 24 key tasks aimed at locally developing cutting-edg...

Main opposition presidential candidate Yoon Suk-yeol said Tuesday he feels sorry for former President Park Geun-hye over a corruption probe he conducted as a senior prosecutor a few years ago that eventually led to her impeachment. "Even though the investigation of former President Park was my job as a public official, I feel truly sorry politically and emotionally as a human being," Yoon of the...

Eight leading players of the Digital New Deal have spurred innovation across data, artificial intelligence, and contact-free industries. SEOUL, South Korea , Dec. 28, 2021 /PRNewswire/ -- The Born2Global Centre released an article that highlights the Korean Ministry of Science and ICT (MSIT) 's Korean Digital New Deal. As part of the Korean government MSIT, Born2Global Centre has played a...

About 78 percent of salaried workers support the 52-hour workweek that was introduced in 2018 to reduce long working hours, a labor ministry survey showed Tuesday. According to the survey of 1,300 people, 71 percent said the reduction of the maximum weekly working hours to 52 from 68 was a good decision. Of the wage earning respondents, in particular, 77.8 percent were in support of the shorter ...

SEJONG -- The number of small companies in South Korea expanded nearly 5 percent in 2020 from a year earlier despite the pandemic, but their profit fell sharply, government data showed Tuesday. The country had 2,902,000 companies with fewer than five workers as of the end of 2020, up 4.7 percent from a year earlier, according to the data from Statistics Korea and the Ministry of Small and Medium...

SEJONG -- The number of businesses in South Korea rose nearly 18 percent over the past five years as almost all industrial sectors posted gains, data showed Tuesday. Asia's fourth-largest economy had a total of 6,013,000 businesses as of the end of 2020, up 17.8 percent from five years earlier, according to the data from Statistics Korea. One-man operations accounted for the biggest proportion ...

A Seoul court has rejected a Hong Kong-based private equity firm's request for Kyobo Life Insurance Co. to carry out its obligation with regard to a put option that it has been trying to exercise, the South Korean insurer said Tuesday. The ruling appears to have removed a major hurdle for Kyobo Life's push to list shares on the local stock bourse in the first half of next year, according to comp...

BEIJING , Dec. 28, 2021 /PRNewswire/ -- Since Chery Automobile Co., Ltd. started its first overseas export in October 2001 , the enterprise has harvested sound gains in overseas market expansion. It ranks first in export volume of Chinese brand passenger vehicles for 18 consecutive years and is the first Chinese passenger car brand to export more than 200,000 cars a year. China's Chery Auto...

South Korea's oldest coal-powered plant will be shut down for good this week, the energy ministry said Tuesday, in line with the government's plan to shift toward renewable energy and to reduce fine dust. Honam Coal Power Plant, located in Yeosu, 450 kilometers south of Seoul, will stop operations Friday, according to the Ministry of Trade, Industry and Energy. The plant has been in operation si...

UN special rapporteurs on human rights expressed concerns over the October arrest of the leader of a major South Korean umbrella labor union, and the government has countered that his arrest was warranted because he organized illegal rallies in disregard of antivirus rules. The special rapporteurs sent a letter to the South Korean government on Oct. 22, saying Yang Kyeung-soo, the leader of the ...

The annual salary of President Moon Jae-in for 2022 was set at 240.6 million won ($202,815) as the Cabinet approved the personnel and management ministry's pay raise plan for public servants Tuesday. According to the plan, public servants will get a 1.4 percent raise for their salary for 2022. Prime Minister Kim Boo-kyum will get an annual salary of 186.5 million won, while deputy prime minister...

The government will lift restrictions on sales of urea solution as the supply of the essential fluid used in diesel vehicles to cut emissions has been stabilized, the finance ministry said Tuesday. South Korea had struggled to cope with a shortage of urea solution after China imposed export curbs on urea to ease domestic supply bottlenecks. The government has imposed curbs on where and how much ...

South Korea's military on Tuesday reported 28 additional COVID-19 cases, including 27 breakthrough infections, raising the total caseload among its personnel to 3,181. Of the new cases, 15 are from the Army, seven from the Navy, four from the Air Force and two from the Marine Corps, according to the defense ministry. Currently, 268 military personnel are under treatment. Of the total military c...