Finance Minister Kim Dong-yeon on Friday held the first meeting on the ministry's new policy to lend budget and tax support to private sector efforts toward innovative growth.During the meeting, Kim and senior ministry officials discussed ways to promote innovative growth in 20 industrial areas,

New products from South Korea's Samsung and LG received rave reviews from multiple foreign media after their showcase at the Consumer Electronics Show under way here Thursday.Samsung Electronics' "The Wall," the first MicroLED TV, and the rollable display from LG Display stood out the most

South Korea's justice ministry is drawing up legislation aimed to curb overheating in the virtual currency market, including a complete shutdown of all cryptocurrency exchanges in the country, its minister said Thursday."The ministry is preparing legislation that basically bans any transactions

North Korea has carried out significant tunneling on the west side of its main nuclear test site, indicating the potential for another bomb detonation, a U.S. website said Thursday.38 North, which monitors the reclusive state, said recent satellite imagery of the Punggye-ri nuclear test site shows i

Millennium Seoul Hilton is pleased to announce the appointment of its new General Manager, Mr. Jong Hun (Jay) Lee.Mr. Lee joins Millennium Seoul Hilton after a long and illustrious career in the hospitality industry. Mr. Lee has worked for prestigious and international hotel chains such as The Shill

The Korean daily media headlines and humorThursday, January 11, 2018 Your Excellency: Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully Yours/s/ Lee Kyung-sikPublisher-ChairmanKorea P

The world's skating governing body said Thursday that North Korea has met the "technical requirements" to participate in the 2018 Winter Olympics in South Korea.The International Skating Union (ISU) also said it will refer the matter of North Korea's late entry in figure skating to the Int

U.S. President Donald Trump voiced hope Wednesday that recent high-level talks between South and North Korea will lead to "success for the world."The two Koreas met for the first time in more than two years Tuesday and agreed to hold military talks to ease tensions along their border. North Korea

South Korea will coordinate closely with the United States on all matters related to the Korean Peninsula, including the North's nuclear weapons program, Seoul's top negotiator for the issue said Wednesday.Lee Do-hoon, special representative for Korean Peninsula peace and security affairs, a

The Republic of Korea (south) and North Korea are coming closer to each other these days mainly thanks to the tireless efforts of President Moon Jae-in to end the status of stand-off between the two Koreas. Especially with the Pyeongchang Winter Olympics not very far away, government representatives

The Korean daily media headlines and humorWednesday, January 10, 2018 Your Excellency: Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully Yours/s/ Lee Kyung-sikPublisher-ChairmanKorea

Volvo Trucks Korea accounted for nearly 40 percent of South Korea's imported commercial vehicle market last year, data showed Wednesday.The Swedish commercial automaker sold a total of 1,743 trucks, equal to 39 percent of the market, according to data compiled by the Korea Automobile Importers &

North Korea is expected to send a delegation of between 400-500 people to South Korea for the PyeongChang Winter Olympics, Prime Minister Lee Nak-yon said Wednesday.On Tuesday, South and North Korea agreed, in their first high-level talks since 2015, that the North would send high-ranking officials,

President Moon Jae-in on Wednesday urged Japan to accept historical truth and make a heartfelt apology to the victims of its wartime sexual slavery as part of efforts to resolve the longstanding feud over the issue between the two countries.In a nationally televised press conference, Moon reaffirmed

The commanding general of U.S. Forces Korea (USFK) on Wednesday remained cautious about North Korea's motivation behind its decision to hold talks with the South as part of its recent peace offensive."The fact that (the inter-Korean talks) happened, I think, is notable, and that such a step has

A consumer activist group said Wednesday it will file for a compensation suit with a Seoul court this week against Apple Inc. and its local headquarters for a reward of 2.2 million won (US$2,056) per plaintiff.The Citizens United for Consumer Sovereignty (CUCS) is expected to file the suit with the

South Korea's Marine Corps received the first two multirole helicopters from the country's arms agency Wednesday, moving a step toward its aim of creating an independent aviation unit.The MUH-1s, the Marine version of the KUH-1 Surion developed by Korea Aerospace Industries (KAI), represent

The International Olympic Committee (IOC) has welcomed North Korea's participation in the 2018 Winter Games in South Korea, saying it represented "a great step forward" in the Olympic spirit.On Tuesday, North Korea agreed to send its athletes, along with high-ranking officials, cheering and pe

South Korea's jobless rate rose slightly in December due to seasonal factors, government data showed Wednesday.The unemployment rate stood at 3.3 percent last month, up 0.1 percentage point from a year earlier, according to the report compiled by Statistics Korea.From a month earlier, it also cl

South Korean tech giant Samsung Electronics Co. said Tuesday its fourth-quarter operating profit is expected to jump 63.8 percent on-year and is poised to set another record, apparently pushed up by the global boom in the chip industry.Operating profit was estimated at 15.1 trillion won (US$14.1 bil