Parliament passes bill to expand boards’ fiduciary duties
South Korea's National Assembly on Thursday passed an amendment to the Commercial Act to expand boards of directors’ fiduciary duties to minor...
Korean court cancels Yoon’s detention; Insurrection case continues
A South Korean court on Friday cancelled impeached President Yoon Suk Yeol’s detention warrant, ordering him to be released from jail, althoug...
Opposition-controlled Korean Parliament passes slashed $470 bn budget
South Korea's opposition-controlled National Assembly on Tuesday passed a government budget bill for 2025, slashed from the government's proposal am...
South Korea’s president apologizes for martial law
South Korea's President Yoon Suk Yeol apologized to the public for causing “discomfort and anxiety” with his martial law declaration on ...
South Korea president to lift martial law after Parliament rejects move
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Korea business lobby group eyes tax reform in new parliament
The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...
Korean Chips Act set to pass parliament in March; coverage expanded
South Korea’s answer to the US CHIPS and Science Act is on course for National Assembly approval by the end of this month as the ruling and op...
Korea resolution on US EV incentives passes parliament
South Korea’s lawmakers on Thursday passed a resolution to officially express its concerns over the US Inflation Reduction Act (IRA) that remo...
Hyundai Motor scraps LNG plant construction plan
Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...
S.Korea curbs in-app payment plans by Google, Apple
The South Korean parliament has passed the world's first bill to banGoogle, Apple Inc. and other app store operators from forcing certain payment sc...
S.Korea closer to banning Google's in-app billing system
South Korea is a step closer to stopping app store operators like Google Inc. and Apple Inc. from requiring all digital content purchases from apps ...
Korea Investment-led firms to buy EU parliament building for $224 mn
A consortium of Korea Investment & Securities Co. Ltd. and Hana Asset Management Co. Ltd. are tapping domestic institutional investors to acquire ...
