Korea Times Finance Reporter
Lee Hyo-jin covers the Bank of Korea, the banking industry and broader financial news. Her previous beats include foreign affairs, North Korea and general reporting on Korean society.
North Korea recently deployed around 1,000 additional soldiers to Russia to assist in its military operations in Ukraine, according to the National Intelligence Service (NIS), Thursday.
An opposition lawmaker urged the United States to grant Seoul a "grace period" in response to U.S. President Donald Trump’s “America First” policies, emphasizing that South Korea is currently facing one of the most turbulent periods of political upheaval in its history.
Foreign nationals will now be required to obtain permission from local governments to purchase land in more than a dozen border island areas, including five islands in the West Sea near the inter-Korean border, the Ministry of Land, Infrastructure and Transport said Wednesday.
First lady Kim Keon Hee has once again found herself at the center of controversy following the release of a recorded phone conversation with a self-proclaimed political broker, allegedly discussing the ruling party's candidate nomination process for the 2022 parliamentary by-elections.
The number of Korean travelers to China surged 60 percent in recent months following Beijing’s decision to grant visa-free entry to Korean nationals in November, according to government data released Monday.
Three years have passed since Russia launched its full-scale invasion of Ukraine.
South Korea's diplomatic abilities will be put to the test as it navigates negotiations with Ukraine over a North Korean soldier currently being held in Kyiv who has reportedly sought asylum in the South.
The South Korean government said Wednesday it will accept all North Korean prisoners of war (POWs) in Ukraine who wish to defect, reaffirming its commitment to providing them with necessary protection.
Seoul will allocate 9.5 billion won ($6.5 million) to meetings, incentives, conferences, and events (MICE) this year to support its growth and enhance the city's position as a global hub, the city government said Tuesday.
Chung Mong-joon, founder and honorary chairman of the Asan Institute for Policy Studies, expressed hopes that his $7.5 million donation to Johns Hopkins University will help advance studies on the South Korea-U.S. alliance and security issues on the Korean Peninsula.