South Korea and Japan will hold working-level talks in Tokyo later this week to discuss the joint development of an underwater continental shelf believed to hold mass deposits of oil and other natural resources,

The country’s top financial watchdog warned against illegal transactions of virtual assets Thursday, calling on cryptocurrency exchanges and other virtual asset firms to strictly follow rules.

The warning came about two months after the

Slovakian Prime Minister Robert Fico will make an official visit to South Korea next week for talks with President Yoon Suk Yeol, Yoon’s office said Thursday.

Yoon and Fico, who will visit the country

SK On, the battery unit of South Korea’s chip-to-construction conglomerate SK Group, said Thursday it has offered a retirement program to its employees to ride out the slowdown in electric vehicle sales.

SK On

Hyundai Motor Co. and Kia Corp., South Korea’s leading automotive companies, said Thursday they have launched a joint project to develop cathode material technology for producing LFP (lithium iron phosphate) batteries for electric vehicles.