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News
Minister: Gov't to Seek Finalization of US Investment Deal This Week
5+ hour, 53+ min ago (108+ words) [Politics]: Industry Minister Kim Jung-kwan says South Korea will seek to finalize a deal with the United States this week on its pledged investment project in America under a trade pact last year to secure lower tariffs. Kim, who returned…...
Korea Exchange to Extend Trading Until 8 pm
1+ day, 2+ hour ago (106+ words) [Economy]: Starting Monday, investors will be able to buy and sell stocks in real time on the Korea Exchange until 8 p.m., four hours after the regular trading session ends. The exchange said Sunday it will operate an after-hours market from 4 to…...
Unionized Workers of Seoul's Intracity Buses Vote to Strike for Higher Wages
2+ day, 54+ min ago (103+ words) [Domestic]: Unionized workers of Seoul's intracity buses voted to launch a strike to demand for a wage increase. The union said that of its 18-thousand-296 members, 16-thousand-716 of them cast their ballot on Friday, with 96-point-25 percent of them voting…...
President Lee to Host First S. Korea-Central Asia Summit Next Week
2+ day, 20+ hour ago (102+ words) [Politics]: President Lee Jae Myung will host the first South Korea-Central Asia summit on Wednesday. Presidential spokesperson Kang Yu-jung said in a statement on Friday that the summit is an important starting point to broaden South Korea’s diplomatic horizons at…...
KOSPI Down 1.76% Friday
2+ day, 22+ hour ago (89+ words) [Economy]: The benchmark Korea Composite Stock Price Index dropped 124-point-01 points, or one-point-76 percent, on Friday to close at six-thousand-909-point-91. The tech-heavy KOSDAQ lost 16-point-28 points, or one-point-95 percent, to close at 820-point-64. The South Korean won weakened against…...
PPP Floor Leader: Justice Minister Nominee Should Face Investigation, Not Confirmation Hearing
2+ day, 23+ hour ago (100+ words) [Politics]: Main opposition People Power Party floor leader Jeong Jeom-sig says Justice Minister nominee Kim Seung-won should face a parliamentary investigation, not a confirmation hearing. He said at a party meeting on Friday that the allegations against Kim aren’t simply…...
DP Chief Kim Min-seok Sticks by Nomination of Kim Seung-won as Justice Minister
3+ day, 15+ min ago (104+ words) [Politics]: Ruling Democratic Party chief Kim Min-seok has stuck by the nomination of Rep. Kim Seung-won, who is under fire for alleged illegal lobbying, as justice minister. The party chief said during a Supreme Council meeting on Friday that the…...
Exports Reach New High of US$34.97 Bln in First 10 Days of September
3+ day, 4+ hour ago (109+ words) [Economy]: South Korea's exports reached a new high during the first ten days of September, surging more than 80 percent year-on-year, fueled by a sustained increase in semiconductor deliveries. Provisional data from the Korea Customs Service on Friday showed exports rose…...
Police Launch Investigation into Nominee's Alleged Solicitation for Clinial Trial Approval
3+ day, 4+ hour ago (105+ words) [Politics]: Police have launched an investigation into allegations that Justice Minister nominee Kim Seung-won had solicited state approval for a clinical trial of a COVID-19 treatment drug in 2021. The Seoul Yeongdeungpo Police Station on Friday is set to question Lee…...
KOSPI Opens 3.29% Lower on Friday
3+ day, 5+ hour ago (88+ words) [Economy]: The benchmark Korea Composite Stock Price Index fell 231-point-42 points, or three-point-29 percent, on Friday to open at six-thousand-802-point-five. The tech-heavy KOSDAQ dropped 20-point-one points, or two-point-39 percent, to 816-point-91 as of 9 a.m.[more...] KOSPI Opens 3.29% Lower on Friday…...