Japanese Prime Minister Abe Shinzo said Monday that South Korea was its “most important neighbor” and that the two shared basic values, taking a conciliatory tone towards Seoul that has been locked in a bitter row with Tokyo for over a year.
International Film Festival for Children and Youth will sign a trilateral MoU for joint film production with the Eurasian Film Festival Association, co-founded by Russia and South Korea, said the festival’s director, Alireza Tabesh.
Concern is growing over the effect Japan's recent imposition of targeted export curbs will have on the South Korean economy, with some analysts forecasting they will drag the GDP growth rate below two percent.
South Korea's economy is increasingly facing downside risks amid the trade tussle between the United States and China, the country's chief economic policymaker said on Friday, stressing the need to take quick and bold actions to buttress the economy.
South Korea decided to allow its businesspeople to visit their factories at an industrial park in North Korea that was shut down by Seoul’s previous conservative government in 2016 following a North Korean nuclear test.
South Korea collected 377.9 trillion won ($332.6 billion) in local and central government taxes last year, official data showed on Sunday, with the tax-to-gross domestic product (GDP) ratio rising sharply as more corporate taxes were collected on companies' stronger earnings.
South Korea's finance minister said on Wednesday that the government will invest two trillion won ($1.7 billion) in research and development in the bio-health sector in the latest attempt to secure a new growth engine for Asia's fourth-largest economy.
Asia-Pacific environment ministers will get together in South Korea next year to discuss a variety of pending environmental issues like climate change and biodiversity, the environment ministry said Monday.