SEOUL– South Korean stocks advanced for the second consecutive day to close at a fresh record high Tuesday as hopes for strong second-quarter corporate earnings drove up tech stocks. The Korean won rose against the U.S. dollar.The benchmark Korea Comp…
SEOUL– South Korea said Tuesday it plans to consider normalizing eased rules on banks’ foreign exchange (FX) derivative positions as FX liquidity conditions have improved amid the global economic recovery.In March 2020, the country relaxed rules on ba…
SEOUL– Cheong Wa Dae said Tuesday it reviewed the government’s summertime disaster response system in a regular interagency government meeting.Suh Hoon, director of national security, presided over the session joined by vice ministerial officials of 2…
SEOUL– South Korea has confirmed 325 more cases of four major contagious variants of the new coronavirus over the past week, including 153 cases of the highly transmissible Delta variant, health authorities said Tuesday.The caseload of such infections…
SEOUL– Heavy rains that hit the southern parts of the country overnight flooded houses and farmland, and disrupted the power supply and train services, leaving one dead and forcing 120 people to evacuate, authorities said Tuesday.The Central Disaster …
SEJONG– South Korea and the European Union on Tuesday agreed to work together against climate change in line with their shared target to achieve zero net emissions of carbon by 2050.Industry Minister Moon Sung-wook met Frans Timmermans, who serves as …
SEOUL– Prosecutors on Tuesday demanded imprisonment of 30 years for a 19-year-old co-conspirator of a high-profile digital sexual exploitation ring during his appellate trial.The trial of Kang Hun took place at the Seoul High Court after a Seoul distr…
SEOUL– An Army general was arrested on charges of sexually molesting a female subordinate, the defense ministry said Tuesday, in yet another sex crime in the military following the death by suicide of an Air Force abuse victim.The brigadier general wa…