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.
The controversy surrounding first lady Kim Keon Hee’s acceptance of a Dior handbag is likely to continue to weigh heavily on President Yoon Suk Yeol, following an investigation review committee's recommendation to indict a pastor for violating the anti-graft law by offering the luxury item to Kim.
North Korea appears to be stepping up efforts to join the BRICS bloc, a multinational group led by Russia and China, with its top diplomat notably skipping the U.N. General Assembly in favor of attending a BRICS-related event.
Local defense firm LIG Nex1 plans to expand its global client base to 30 countries by 2030, from the current 11 countries, building on recent successes in the Middle Eastern market, the company announced Monday.
The Incheon Metropolitan Government announced on Friday that it will request the central government to establish an administrative framework for compensating residents near the inter-Korean border who have been affected by disruptive noises from North Korean loudspeakers.
Koreans are angered by a Chinese local government's decision to include bibimbap, a traditional Korean dish, in its cultural heritage list, viewing it as yet another attempt at cultural appropriation by Beijing.
PRAGUE, SEOUL — President Yoon Suk Yeol said his government will closely monitor a landmark 24 trillion won ($17.4 billion) nuclear power plant deal with the Czech Republic through to its final stages, emphasizing its significance as a major achievement in joint economic development.
President Yoon Suk Yeol is set to visit the Czech Republic, Thursday, to forge a "nuclear energy alliance" with the Central European nation, a strategic move the presidential office apparently hopes will bolster his approval ratings, which recently sank to a record low.
Whether South Korea will provide lethal weapons to Ukraine is a sovereign matter for the nation to decide on its own, according to Adm. Rob Bauer, chair of the North Atlantic Treaty Organization (NATO) Military Committee, as the Russia-Ukraine war drags on for nearly 1,000 days.
Defense Minister Kim Yong-hyun strongly condemned the growing military partnership between Russia and North Korea, Wednesday, raising concerns that Moscow’s ties with Pyongyang are fueling the North's illegal nuclear weapons program.
Korean War veterans are escorted during a ceremony organized by the ROK Navy and Incheon Metropolitan City to commemorate the 74th anniversary of the Incheon Landing Operation at a port in Incheon, Wednesday. The military operation, also known by the code name Operation Chromite, is considered a major turning point in the 1950-53 Korean War, as it enabled U.N. and South Korean forces to recapture Seoul from North Korean control. Yonhap