S. Korea joins ‘elite group’ of fighter jet makers: CNN

WASHINGTON, April 9 (Yonhap) — South Korea has joined a handful of “elite group” countries that can produce supersonic fighter jets, CNN reported Friday, calling it a “significant achievement.” THe…

Biden seeks slight increase in defense spending, citing growing threats

WASHINGTON, April 9 (Yonhap) — U.S. President Joe Biden on Friday sent his defense budget proposal for next year to Congress with a slight increase needed to counter threats from…

N. Korea’s ‘difficult’ conditions come from own actions: White House spokeswoman

WASHINGTON, April 9 (Yonhap) — North Korea’s difficult conditions are caused by the actions of its own leadership, White House spokeswoman Jen Psaki said Friday, insisting no U.S. actions or…

U.S. focused on reducing threats from N. Korea: State Dept.

WASHINGTON, April 9 (Yonhap) — The main focus of U.S. policy toward North Korea will be to denuclearize the country and thus reduce threats posed to the United States and…

White House to host virtual meeting on semiconductor shortage

WASHINGTON, April 9 (Yonhap) — The White House said Friday that it will host a virtual meeting of top executive officers from global semiconductor manufacturers, including South Korea’s tech giant…

Buddhist community cancels annual lantern parade amid pandemic

SEOUL– An annual lantern parade celebrating Buddha’s birthday will be canceled for a second straight year amid the new coronavirus pandemic, the South Korean Buddhist community said Saturday. The Buddhist…

Korea Shipbuilding estimated to have logged weak earnings in Q1

SEOUL– Korea Shipbuilding & Offshore Engineering Co. (KSOE) is estimated to have posted weak earnings in the first quarter, affected by sluggish new orders clinched last year amid the pandemic,…

From Rose to Baekhyun, K-pop group idols also shine as solo acts

SEOUL– A growing number of K-pop group members, like BLACKPINK’s Rose and EXO’s Baekhyun, are releasing solo projects as a way to show their uniqueness and experiment with new music…

Seoul stocks expected to gain ground next week on foreign buying

SEOUL– South Korean stocks are likely to continue upward movement next week as expected solid earnings reports for the first quarter are anticipated to boost foreign buying, analysts said Saturday.…

1 in 4 Seoul citizens reports ‘revenge spending’ amid pandemic

SEOUL– One in four Seoul citizens turned to “revenge spending” to make up for missed shopping during the coronavirus pandemic, a study has shown. According to a Wednesday report by…