Daewoo Shipbuilding bags 1.1 tln won order for 6 container carriers

SEOUL– Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has inked a 1.1 trillion-won (US$1 billion) deal to build six container carriers. DSME plans to deliver the vessels…

State-led R&D expenditures near 24 tln won in 2020

SEOUL– South Korea spent nearly 24 trillion won (US$21.26 billion) on state-led research and development (R&D) projects last year, up 16 percent from the previous year, the science ministry said…

S. Korean Bond Yields on Jun. 21, 2021

Today (%) Previous Session(%) Change (BP) 1-year TB 0.888 0.889 -0.1 2-year TB 1.190 1.184 +0.6 3-year TB 1.351 1.313 +3.8 10-year TB 2.006 2.041 -3.5 2-year MSB 1.199 1.188…

Seoul stocks retreat on Fed’s early tapering concerns

SEOUL– South Korean stocks retreated Monday as the U.S. Federal Reserve’s hawkish tone last week increased market worries about an early tapering of its accommodative monetary policies. The Korean won…

A member of BTS Army, teen table tennis star wants to be ‘dope’ at Olympics

MUNGYEONG, South Korea– Watch the South Korean teen phenom Shin Yu-bin play table tennis, and you can imagine that she must listen to music with beats as dynamic as her…

Violinist renders opera, ballet numbers in a language of her own

SEOUL– Prolific violinist Kim Bomsori said Monday that her latest album is aimed at translating famous opera and ballet numbers into her own language of the string and presenting herself…

Non-capital areas fear spike in COVID-19 due to lifting of private gathering ban in July

SEOUL– Local governments outside of the greater Seoul area are on high alert for a possible resurgence of COVID-19, as eased social distancing rules focused on lifting the cap on…

Air Force officer indicted for sexual harassment of female colleague

SEOUL– An Air Force noncommissioned officer was indicted on charges of sexually harassing a female colleague, which led her to take her own life, the defense ministry said Monday. The…

Hyundai Motor buys U.S. robotics firm from Softbank for US$ 880 mln

SEOUL– Hyundai Motor Group said Monday its three affiliates and its chief have acquired a controlling stake in U.S.-based robotics firm Boston Dynamics, Inc. for US$880 million. The investment is…

S. Korea, Japan hold working-level talks on wartime history, other issues

SEOUL– South Korea and Japan held working-level talks in Seoul on Monday to discuss a prolonged row over wartime sexual slavery, forced labor and other pending issues, the foreign ministry…