South Korea and the United States plan to kick off preliminary military drills next week ahead of their major combined exercise later this month, informed sources said Tuesday.The allies are set to begin the four-day South Korea-led crisis management d…
FSS chief co-hosts regional meeting of regulators, top central bankers
The chief of South Korea’s financial watchdog on Tuesday co-hosted a meeting of top financial regulators and central bank chiefs from the East Asia and Pacific region and discussed ways to respond to financial risks from global monetary tightening.Lee …
Cars abandoned on Seoul streets after heavy downpours and flooding
A disaster movie-like scene unfolded in southern Seoul on Tuesday morning, as a large number of cars abandoned the previous night by flood-stricken motorists were left unattended on streets.The heaviest rainfall in 80 years battered the Seoul metropoli…
Prosecution refiles murder charge against university freshman in campus rape case
Prosecutors said Tuesday they have refiled a murder charge against a university freshman accused of attempting to rape a female schoolmate and causing her to fall to her death.The 20-year-old student of Inha University in Incheon, 27 kilometers west of…
GS Retail Q2 net income up 77.6 pct to 45.1 bln won
GS Retail Co. on Tuesday reported its second-quarter net income of 45.1 billion won (US$34.6 million), up 77.6 percent from a year earlier.The company said in a regulatory filing that operating income for the April-June period rose 10.8 percent on-year…
Yoon visits semi-basement apartment where flood killed 3
President Yoon Suk-yeol visited a semi-basement apartment in Seoul on Tuesday where a flash flood the previous night killed a family of three.Yoon visited the apartment in southern Seoul after presiding over an emergency government meeting on the respo…
Seoul shares rise to 2-month high amid inflation, rate hike uncertainties
South Korean stocks closed moderately higher Tuesday to extend their winning streak to a fifth day, as investors keep a wary eye on upcoming U.S. inflation data that might offer a clue as to the Federal Reserve’s next move in its monetary policy. The l…
PM visits flood control center amid heavy rains
Prime Minister Han Duck-soo visited a flood control center along the Han River on Tuesday and instructed officials to redouble efforts to minimize damage after heavy rains left eight people dead and six others missing, his office said.The inspection ca…