The South Korean government has stressed the only way to normalize operations at the inter-Korean Gaeseong Industrial Complex is for North Korea to make "the right choice." In a press briefing Wednesday, U...

Foreigners and multi-cultural families are eligible to receive the same benefits as Korean citizens under the new debt restructuring program, known as the "National Happiness Fund." The fund, valued ...

What started out as a promising model of inter-Korean cooperation has quickly descended into a financial black hole for South Korean businesses at the Gaeseong Industrial Complex. The economic losses are massive and m...

North Korea appears unhappy with increasing calls from Seoul and Washington to delay the transfer of wartime operational control back from the U.S. to South Korea. Pyongyang's Rodong Sinmun says it shows th...

The so-called "alternative holiday" system was first proposed by the Tourism Ministry back in 2009 as a means to boost tourism and create jobs. The government had recently tried to implement the s...