A man surnmaed Hong, once an office worker and now in his late 60s, says he never thought he would be running a fried chicken restaurant for more than 10 years after his official company retirement. It was the necessity of taking out loans to deal with economic challenges during the pandemic era that changed […]

The 22nd National Assembly is already facing disruptions, just 10 days into its term, as the two main rival parties clashed, Tuesday, over the majority-holding main opposition Democratic Party of Korea’s (DPK) unilateral appointments of the heads of parliamentary standing committees. In response, the ruling People Power Party (PPP) tabled a resolution demanding Assembly Speaker […]

Financial industry officials and investors are expressing concerns about the taxation on cryptocurrency scheduled to begin next year, noting that the country has yet to establish the relevant legal framework. They argue that a lack of preparedness will lead to confusion among investors and tax authorities, compounded by the challenges of taxing highly volatile digital […]

The United States remains ready for “anything” that could happen on the Korean Peninsula, its top envoy to South Korea said Tuesday amid tensions heightened by Pyongyang’s recent sending of trash-filled balloons to the South and Seoul’s subsequent reaction to it. Ambassador Philip Goldberg made the remarks, criticizing the North’s floating of the balloons across […]