Yoo Hyuk-kee faces charges of embezzlement from the shipping company that ran a South Korean ferry that sank, killing more than 300 people. Prosecutors say embezzlement helped lead to unsafe …
Global report: South Korea goes into recession as Australia flags huge deficit
United States nears four million Covid-19 cases; Trump blames BLM protests for spread; Hong Kong sees more than 110 new infections …
Pandemic Pushes South Korea Into Recession as GDP Contracts 3.3% in Q2
Gross domestic product (GDP) decreased by a seasonally adjusted 3.3% in the June quarter, the central bank said on Thursday, after declining 1.3% in the previous quarter and much worse than a 2.3% …
South Korea’s Jeju Air says scraps deal to acquire budget carrier Eastar Jet
SEOUL (Reuters) – South Korea’s top budget carrier Jeju Air Co Ltd said on Thursday it decided to scrap a deal agreed in principle to take over smaller Korean peer Eastar Jet …
U.S., China envoys meet in South Korea amid high tensions
July 22 (UPI) –The top U.S. and Chinese envoys to South Korea held a rare meeting to discuss topics of bilateral concern in Seoul, the same day China said the United States ordered Beijing to close …
Undiagnosed virus infections could be 27 times higher in South Korea’s Daegu city-study
A small South Korean survey of people with no history of COVID-19, but living in a city with the most cases, showed that one in nine had antibodies to the novel coronavirus, indicating the virus may …
Thae Yong-ho calls for pressure on North Korea to repay debts
The lawmaker said in his analysis South Korean unification ministry data indicates Seoul has spent more than $920 million on loans to North Korea. From 2000 to 2007, Seoul loaned $724 million for …
US Military Eyes Changes to Troop Presence in South Korea
In a Pentagon briefing later Tuesday, Jonathan Hoffman, the chief Defense Department spokesman, confirmed that the DoD is taking an overall look at “whether we are properly supporting the missions …
Defense Secretary Mark Esper Says U.S. Is Considering ‘Adjustments’ to Troops in South Korea
Esper said he has issued no order to withdraw from South Korea. Without discussing specifics, Esper said he favors more emphasis on rotational deployments, as opposed to permanent stationing, of …
Mark Esper denies ordering U.S. troop reductions in South Korea
U.S. Secretary of Defense Mark Esper dismissed a recent press report suggesting the Trump administration plans to reduce U.S. troops in South Korea.