Seoul: President Lee Jae Myung on Thursday called for a prompt investigation and stern punishment for those responsible for recent safety-related incidents, including the collapse of an overpass in Seoul that killed three workers. The president made the call while presiding over a meeting with senior aides, two days after a section of the Seosomun Overpass in western Seoul collapsed during demolition work, killing three workers and injuring three others.
According to Yonhap News Agency, South Korean stocks snapped their four-day winning streak Thursday as artificial intelligence (AI)-related shares took a breather following their recent rally and on renewed tensions between the United States and Iran. The benchmark Korea Composite Stock Price Index (KOSPI) fell 43.41 points, or 0.53 percent, to close at 8,185.29, after dipping as low as 7,841.01.
A court on Thursday rejected a request for a warrant to arrest a Chinese dissident who fled China in a rubber boat and arrived in South Korea earlier this week by sea. The Seosan branch of the Daejeon District Court made the decision in a hearing for Dong Guangping, who is accused of violating the Immigration Control Act.
The central bank on Thursday raised its economic growth forecast for South Korea to 2.6 percent for 2026 amid solid exports driven by a semiconductor super cycle. The revision by the Bank of Korea (BOK) represents a 0.6 percentage-point increase from its previous forecast of 2 percent issued in February.