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The Bank of Korea (BOK) lowered its growth forecast for Korea next year to 2.2 percent, Thursday, down from a previous forecast of 2.3 percent made in May. This is the BOK's second straight downward revision of the country's 2024 outlook, which was estimated at 2.4 percent in February.
President Yoon Suk Yeol on Thursday called for swift deregulation around migrant workers in order to enable a more flexible labor supply to address the country's workforce shortage.
U.S. Ambassador to South Korea Philip Goldberg expressed support, Wednesday, for Japan's plan to discharge treated radioactive wastewater from the disabled Fukushima nuclear power plant, saying Washington's position on that issue is aligned with that of Seoul.
The commitment to joint action on common security threats that South Korea, the US and Japan signed at a Camp David summit Friday is a political agreement rather than a legally binding pact, US Ambassador to South Korea Philip Goldberg said Wednesday. The security pledge, the first of its kind, has sparked concern over deeper security links between Seoul and Tokyo, two American allies that have separate defense treat...