The United States has added South Korea to its “monitoring list” of major trading partners whose currency practices call for closer attention, according to a Treasury Department report released Thursday. The semi-annual report looks into countries with large trade surpluses with respect to the United States that also actively intervene in foreign exchange markets to gain a competitive advantage. It …

South Korea has called for the strengthening of literary collaborations with Nigeria. The call came from South Korean writer, Sujin Lim, at the 11th edition of Kongi’s Harvest organised by the Arojah Royal Theatre (ART), Nigeria Copyright Commission (NCC) and Korea Culture Center (KCCN) in commemoration of Nobel Laureate Wole Soyinka, in Abuja. Lim, represented by reporter Haley Suh, in …

With the conclusion  of the first-ever South Korea-Africa summit attended by no fewer than 30 African Heads of State and South Korea’s President Yoon Suk Yeol on June 4, 2024, the big question on the lips of many analysts is whether a new chapter has been opened in the relations between the Republic of Korea and Africa, which began in …

To say the economy of the Republic of South Korea is a developed and strong one is to say the obvious. South Korea’s economy had been vastly developed, and its economic structure radically transformed since after World War II in 1945 and the Korean War in 1953. The Korean War was a war of attrition between two brother-nations – North …

President Bola Tinubu on Friday in Abuja met with Won Hee-Ryong, the Special Envoy of the President of Korea Republic, to discuss the areas in which a further expansion of investment and trade ties across key sectors of Nigeria’s economy can expeditiously occur. According to a statement by Presidential spokesman, Chief Ajuri Ngelale, the meeting at the State House was …

President Bola Ahmed Tinubu has secured major investment commitments and economic cooperation from three of the world’s largest economies. According to a statement by his spokesman, Chief Ajuri Ngelale, the President got commitments from German Chancellor Olaf Scholz, South Korean President Yoon Suk Yeol, and Indian Prime Minister Narendra Modi to expand their investment frontiers in Nigeria. The pledge was …

South Korea’s presidential office on Friday called an emergency cabinet meeting and ordered the deployment of air-conditioned buses and freezer trucks after hundreds of scouts at a massive jamboree suffered heat-related illnesses. The situation even prompted scouts from the United Kingdom – reportedly the largest attendance group at around 4,000 – to leave the campsite early. The Korean peninsula is …

The Flying Eagles’ quest to win their first-ever FIFA U20 World Cup ended in the quarter-final stage on Sunday, after they lost 1-0 to Korea Republic at the Santiago Del Estero. An extra-time goal by Choi Seok-Hyeon was the difference as the Asians progressed to the semifinal of the competition in Argentina, where they face European champions, Italy. Coach Ladan …

For the first time, a South Korean Court has recognized the legal rights of same-sex couples in the country. The case was brought by a gay couple,  Seong-wook and Kim Yong-min who sued South Korea’s National Health Insurance Service (NHIS) in 2021 because it had terminated benefits for his partner, Kim, whom he had registered as a dependent, after the …