UT LLC., a mobility company based in South Korea, said Thursday it will change the name of its taxi-hailing platform service to Uber Taxi from UT.
UT is a joint venture created by the U.S. ride-hailing service company Uber Technology Inc.
Celltrion Inc. on Thursday reported its fourth-quarter net income of 453 million won (US$340,218), down 99.4 percent from a year earlier.
The company said in a regulatory filing that operating income for the October-December period fell 81.7 percent …
South Korean Foreign Minister Cho Tae-yul called on American entrepreneurs to “more actively” expand their investment in Korea, stressing Seoul’s endeavors to ensure a friendly business environment in the Asian country, his office said Wednesday.
Cho…
Ukraine and Korean War
Decision makers should learn lessons from the past
In some ways, the dynamics of the Ukraine-Russian conflict, which began two years ago this month, resemble those of the Korean War. First, there is a sudden attack by an
Sweden’s ambassador-designate to Pyongyang has been visiting North Korea amid prospects that European countries may reopen their diplomatic missions in the reclusive country following years of North Korea’s COVID-19 border shutdown.
Chinese Ambassado…
South Korea and the United States will likely hold talks “in the near future” about a new defense cost-sharing deal, a senior Seoul official said Wednesday, as the current six-year agreement is set to expire at the end of next
Banks’ loan rate declined for the second straight month in January, as the central bank has frozen its key rate for months amid easing inflation and an economic slowdown, data showed Thursday.
The average lending rate of banks applied to new
President Yoon Suk Yeol on Thursday appointed two new Supreme Court justices, his office said, after their nominations were approved by parliament.
Yoon approved the appointments of the two veteran judges, Eom Sang-phil, 55, and Shin Sook-hee, 54, to…
North Korea has begun the construction of factories, state media reported Thursday, as its leader Kim Jong-un called for the development of backward provinces amid prolonged economic difficulties.
Kim attended the groundbreaking ceremony for the cons…
