North Korea staged a military parade Thursday evening in central Pyongyang, showing off its state-of-the-art weapons, including a submarine-launched ballistic missile (SLBM), state media reported Friday. The parade, held in Kim Il-sung Square, came after Pyongyang wrapped up its eight-day congress of the ruling Workers' Party on Tuesday, at which leader Kim Jong-un pledged to bolster the country's nuclear arsenal. North Korea appears to be aiming to up the ante ahead of next week's inaugurati

President Moon Jae-in’s New Year’s press conference is going virtual for the first time due to the COVID-19 pandemic, according to Cheong Wa Dae on Friday. The live event will be held Monday at the Chunchugwan press center of Cheong Wa Dae from 10 a.m. for one hour and 40 minutes. A total of 120 journalists will be in attendance for the press conference, with 100 of them joining via video link. Just 20 journalists who were picked by lottery will meet face-to-face with the preside

Kia announced Friday a new brand strategy and future ambitions to transform the company to go beyond vehicle manufacturing to create mobility solutions for customers. In a digital showcase event on the company’s official YouTube channel, South Korea’s second-largest automaker announced a new corporate name removing “Motors” from its previous name of Kia Motors Corp. This signals the brand breaking away from its traditional manufacturing-driven business model to expan

A local court acknowledged that former Seoul Mayor Park Won-soon, who was found dead in July in an apparent suicide, had sexually harassed his former secretary in a separate trial involving the victim and a former city employee. The Seoul Central District Court said the victim suffered considerable mental distress due to Park’s unwanted sexual advances while handing down a ruling in a case where another employee of the Seoul city government was accused of sexually assaulting the same vic

The ruling Democratic Party of Korea launched a task force Wednesday to push for “profit-sharing” proposed by its chairman Lee Nak-yon. Lee proposed Monday that the Korean society should discuss ways for businesses that gained from the COVID-19 crisis to contribute part of their profits to helping those that suffered economically from the pandemic.　 The task force decided to induce profit-sharing through “voluntary participation.” It is reportedly considering tax exemp

North Korean leader Kim Jong-un has taken the title of general secretary of the ruling Workers’ Party during its latest congress. His assumption of the post, which came at the sixth-day session of the party’s eighth congress in Pyongyang on Sunday, suggests his ever-tightening grip on power. The general secretary title was previously held by Kim’s late father Kim Jong-il. Since Kim took over following his father’s death in 2011, the North has called Kim Jong-il the &ldqu