The International Energy Agency has approved a record coordinated release of emergency oil stocks totaling 400 million barrels, aimed at easing a growing global energy squeeze driven by tensions in the Middle East. The decision marks the largest collective stock release in IEA history and comes more than four years

The Korea Real Estate Agency released data showing Seoul’s apartment prices edged up 0.08% in the second week of March from the previous week, a sign that the six-week run of gains is cooling. Within Seoul, the Gangnam area and Yongsan district remained soft for a third straight

A wintry system is forecast to sweep across the Korean Peninsula on Friday, bringing a cold start and a wide temperature swing through the day. The eastern mountains and nearby areas in Gangwon Province are expected to receive the heaviest snowfall, while rain or snow is possible along the eastern

The Korea Fair Trade Commission (FTC) announced that nine pork suppliers were fined a total of 3.165 billion won for bid-rigging in the supply to E-Mart, a major South Korean retailer. Six of those firms are to be referred to prosecutors for criminal charges. The FTC said the misconduct

Images from December showed Donald Trump and FIFA President Gianni Infantino together, highlighting a moment tied to the discussion over Iran’s participation in the 2026 World Cup in North America. Trump used his Truth Social account to say that Iran’s national team competing in the 2026 tournament would

South Korea’s LS Group says 2024 was a record year for sales and operating profit, boosted by a global surge in power-infrastructure projects and AI data-center deployments. The group, which includes LS Cable & System, LS Electric, and LS MnM, reported that its major affiliates would post about 45.

The International Energy Agency said on the 11th that its 32 member countries will jointly release 400 million barrels of emergency oil stocks onto the market to stabilize crude prices driven higher by the Middle East conflict. It is the largest coordinated stock release in IEA history. The move far

LG CNS, the IT services arm of South Korea’s LG Group, has signed a strategic partnership with U.S. AI software company Palantir Technologies in the United States to accelerate LG’s AI transformation (AX) efforts at home. The deal was announced as completed on the 11th of the

A northeast, or north-eastern, air mass is improving air quality across the Cheongju area, helping conditions gradually recover in Chungcheongbuk-do. Forecasters say about 1 millimeter of rain could fall tonight, with cloudy skies lingering into the evening. Tomorrow, commuters should be aware of fog on the morning drive as the

On December 12, the first day of a nationwide meeting of court presidents, South Korea’s judiciary discussed the practical steps and potential challenges stemming from the government’s judicial reform package. The event took place at a Forest Resort in Jecheon, North Chungcheong Province, with 45 heads of courts