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.
North Korea says US-South Korea fact sheet shows confrontational stance
SEOUL— North Korea said on Tuesday (Nov 18) the joint fact sheet that the United States and South Korea announced last week cements the two countries’ confrontational stance against North Korea, and North Korea will take countermeasures,
Samsung and other South Korean firms pledge larger domestic investments after US tariff deal
SK Group, another semiconductor powerhouse, and shipbuilders Hanwha Ocean and HD Hyundai also announced plans to increase their domestic investments. Both are central to South Korean commitments to …