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 ...

The Commerce Department's Bureau of Industry and Security (BIS) unveiled the package on the Federal Register, including ...

WASHINGTON, Dec. 2 (Yonhap) -- A U.S. State Department spokesperson reiterated Monday that North Korean troops in combat ...

SEOUL, Dec. 2 (Yonhap) -- South Korea and a U.N. regional development body discussed ways of stronger cooperation Monday to ...

Unionized workers of South Korea's top steelmaker POSCO held a ceremony Monday to demonstrate their intention to launch their ...

SEOUL, Dec. 2 (Yonhap) -- The growth of household loans extended by major South Korean banks gathered pace in November but ...