Housing boom on Jeju Island

Jeju Island is the most popular sightseeing area in Korea, and it attracts many visitors daily. In the past few years, more and more Chinese visitors have come to Jeju

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South Korean Government to Invest 1.2 Trillion Won in Drone Industry

Determined to be part of growing Asian drone industry, the South Korean government has announced that it will invest a further 1.2 trillion won (over $1 billion) in the industry

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South Korea to suspend construction of two nuclear reactors

South Korea’s government said on Tuesday it would temporarily halt construction of two partially-completed nuclear reactors while it gathers public opinion on the facilities.  The move comes after the country’s

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New South Korean president vows to end use of nuclear power

South Korea’s new president, Moon Jae-in, has vowed to phase out the country’s dependence on nuclear power, warning of “unimaginable consequences” from a Fukushima-style meltdown. Moon, a left-leaning liberal who

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South Korea raises 2016 GDP growth to 2.8%

Asia’s fourth-largest economy grew slightly more than previously thought last year, South Korean authorities said Tuesday (Mar 28). The central Bank of Korea raised its figure for the 2016 economic

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South Korea to import 1,500 tons of fresh eggs ahead of Lunar New Year

South Korea is set to import 1,500 tonnes of fresh eggs before the start of the Lunar New Year holiday season in an effort to prevent prices from spiraling higher

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Japan, South Korea agree to currency swap talks

Top Japanese and South Korean finance officials have agreed to launch discussions on resuming a bilateral currency swap pact, following the expiration of the two nations’ previous agreement last year.

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South Korea considering supplementary budget to support economy: vice finance minister

South Korea is considering a supplementary budget in addition to other measures to support the economy as domestic and global downside risks grow, the country’s vice finance minister said. “We

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South Korea to Create 11 Trillion Won Fund to Aid Restructuring

South Korea will bolster capital at policy banks through a fund to support restructuring of the nation’s shipping and shipbuilding industries, the government said Wednesday. The plan is for the

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Why South Korea is the world’s biggest investor in research

Behind the doors of a drab brick building in Daejeon, South Korea, a major experiment is slowly taking shape. Much of the first-floor lab space is under construction, and one

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