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South Korea Boosts Growth Outlook, Shifts Diplomatic Tone, and Accelerates Government Relocation

The Korea Times
The Korea Times

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President Lee Jae Myung told a live Cabinet meeting that while disagreements with allies are natural, South Korea must prioritize its own interests and avoid a "submissive" stance in foreign policy. At the same time, the …

IMF raises South Korea’s 2024 growth forecast to 3.3% on booming chip exports

The Korea Times
The Korea Times

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South Korea’s economy is set to expand faster than previously expected, with the International Monetary Fund increasing its 2024 growth projection to 3.3% from 2.6% earlier this year. The upgrade reflects a surge in semiconductor exports, …

North Korea fires multiple ballistic missiles after South Korea’s hypersonic test

South Korea’s military reported that North Korea launched several ballistic missiles into the East Sea, a direct response to Seoul’s recent hypersonic weapon trial. The attack prompted the National Security Office to urge Pyongyang to halt the launches, labeling them …