SEOUL-- South Korea plans to increase its financial aid to developing countries by 12.4 percent next year, Prime Minister Han Duck-soo said Thursday.The government set a budget for official development assistance (ODA) at 4.5 trillion won (US$3.4 billi...
Seoul shares dip almost 2 pct amid recession woes, dim outlook for chip sector
SEOUL-- South Korean stocks plunged by almost 2 percent on Thursday to slump for a second straight session amid recession woes and dim outlook for the chipmaking sector. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Pr...
South Korea’s Yoon Warns at NATO Summit of Threat to ‘Universal Values’
South Korea’s president warned a NATO summit of the threat to universal values at a time of new conflict and competition, a reference to Russia’s aggression in Ukraine and China’s engagement with Russia, a South Korean official said.President Yoon Suk-...
S. Korea sells net US$8.31 bln in Q1 to defend local currency: BOK data
SEOUL-- South Korea unloaded a net US$8.31 billion in the foreign exchange market during the first quarter of this year as part of "market stabilization" efforts, Seoul's central bank said Thursday.The dollar selling in the January-March period came as...
North Korea Implies South Korean Balloons Caused COVID Outbreak
Weeks after acknowledging its first coronavirus infections, North Korea appears to be blaming the outbreak on balloons sent by defector-activists in South Korea.North Korean officials said Friday they traced the outbreak to an inter-Korean border regio...
N. Korea seems to have discharged water from dam near inter-Korean border: source
SEOUL-- North Korea appears to have released water from a dam near the inter-Korean border, while it remains unresponsive to Seoul's request for a prior notice, according to an informed source Thursday.South Korean authorities have been on high alert, ...
Police quiz businessperson over sexual bribery allegations involving PPP chief
SEOUL-- Police on Thursday questioned a businessperson in connection with allegations that he paid for sexual services as a bribe to now-ruling People Power Party (PPP) Chairman Lee Jun-seok about 10 years ago.The National Police Agency said a team of ...
Beijing envoy fumes over NATO’s labeling of China as ‘systemic challenge’
SEOUL-- China's top envoy in South Korea bristled Thursday at the North Atlantic Treaty Organization (NATO)'s labeling of his country as a "systemic challenge" and called on the military alliance to stop "provocative speech and acts."Ambassador Xing Ha...