A South Korean national has been indicted in an alleged bid-rigging conspiracy and scheme to defraud the United States in connection with operation and maintenance work for U.S. military installations in Korea, the Justice Department

South Korean stocks closed slightly higher Thursday after U.S. Fed Chairman Jerome Powell hinted at a possible rate cut this year, while acknowledging economic uncertainties still remain. The local currency gained against the U.S. dollar.

South Korea’s foreign ministry expressed deep concerns Thursday over the collision between Chinese and Philippine coast guard vessels in the South China Sea, a region long plagued by persistent territorial disputes.

“Our government is deeply

The foreign ministry will scale back the bureau handling the North Korean nuclear issue and create a broader strategy department focused on foreign policy intelligence-gathering, officials said Thursday, a major shakeup that mirrors the prolonged

Reps. Hong Young-pyo and Sul Hoon said Thursday they will join a new party led by former Prime Minister Lee Nak-yon after leaving the main opposition Democratic Party (DP) in protest of their elimination from