Recent economic indicators paint a dismal picture.

The main opposition Democratic Party of Korea slashed the government budget for next year and passed the reduced budget unilaterally through the Special Budget Settlement Committee.

He urged both the governing People Power Party (PPP) and majority Democratic Party (DP) to strike a compromise by Dec. 10. The legislature's failure to meet the deadline on Dec. 2 for passing next ...

North Korean leader Kim Jong-un may use the upcoming WPK meeting to set forth his U.S. policy line as the gathering will be ...