A preferred bidder has been chosen to buy 49.3 percent of Daewoo Shipbuilding and Marine Engineering (DSME), a troubled shipbuilder that's controlled by a state-owned bank.
As a stalking-horse bidding process will be used, a higher bid can still be lodged and accepted by Korea Development Bank (KDB), owner of 55.7 percent of the company.  

Cross-border freight trains between North Korea and China resumed Monday after a five-month hiatus, as the North tries to find some economic normalcy after a long pandemic shutdown.

Shelters for stalking victims are being set up following the recent murder in a subway station restroom of a woman who had been stalked by a colleague.  

Seven workers were killed and one was critically injured in a fire that swept through the basement of the Hyundai Premium Outlet in Yuseong District, Daejeon, on Monday.  

Korea's central bank continued to waffle on the issue of whether a currency swap with the United States is being pursued, even as the won collapsed and the financial markets in general were in turmoil.  

South Korea and the United States began their first combined naval exercise in five years on Monday, a day after North Korea conducted a ballistic missile launch.  

Boy band BTS’s management HYBE will host “The City” project to celebrate “BTS 〈Yet To Come〉 in Busan,” an upcoming free concert set for Oct. 15 to promote the city’s bid to host World Expo 2030.  

It’s the early 2000s — you are a typical Korean man in your 40s, an ambitious entrepreneur who’s launched a business in the far-away country of Suriname in South America, hoping to reap success as the breadwinner of your family. However, your plans go up in flames when your business partner commits fraud, leaving you at a loss about what to do.