A South Korean passenger ferry that ran aground was towed to a port on Thursday after all 267 people on board were rescued as authorities launched an investigation into whether there had been a …
South Korean ferry runs aground; all 267 people on board rescued
A South Korean passenger ferry carrying 267 passengers and crew got stranded on Wednesday after running aground off the southwestern tip of the Korean peninsula and a rescue operation was underway to …
South Korea ferry runs aground after officer distracted by phone: coast guard
A South Korean ferry ran aground after the helmsman became distracted by his mobile phone, a member of the coast guard told AFP on Thursday.
Finance chief says economic recovery becoming ‘more pronounced’
Finance Minister Koo Yun-cheol said Wednesday that South Korea’s economic recovery is becoming “more pronounced,” citing active fiscal spending and strengthened …
Seoul Considers Sanctions on North Korea Following US Crypto Crackdown
Vice Foreign Minister Kim Ji-na says South Korea could adjust its sanctions posture if needed, citing threats from North Korean crypto theft.
Finance ministry says S. Korea-U.S. trade deal fact sheet eases FX concerns but risks remain
The finance ministry said Friday that a joint fact sheet released by South Korea and the United States detailing their trade deal has helped ease concerns over foreign exchange (FX) market stability, …
US reaches zero-tariff aircraft agreements with Switzerland and South Korea
The US reached new agreements with Switzerland and South Korea restoring zero-tariff trade for aircraft and parts. Pilatus had paused US deliveries under prior tariffs.
Real Estate Regulations Curb South Korea’s Household Loan Growth
The South Korean government’s strengthened loan regulations to curb the rapid rise in real estate prices led to a reduction in the growth of household loans during the third quarter (July–September).
North Korea says U.S.-South Korea deal to set off ‘nuclear domino’ effect
SEOUL–North Korea on Tuesday said South Korea’s plan to build nuclear-powered submarines with U.S. approval would trigger a “nuclear domino” effect.
South Korea pledges to phase out coal plants
SEOUL: South Korea pledged on Monday (Nov 17) to phase out coal power plants that lack emission-reducing measures, an ambitious step for a country that generates a third of its electricity from the fossil fuel.