N.K. leader again inspects apartment construction site for riverside flats

SEOUL– North Korean leader Kim Jong-un inspected a site for riverside apartments under construction in Pyongyang again in nearly five months, state media said Saturday.   Kim inspected the construction of the residential district in Pothong River running through Pyongyang and called on timely measures for the supply of equipment and materials, the Korean Central … Read more

Annual coffee festival at east coast postponed to Nov.

SEOUL– An annual coffee festival held every fall in the coastal city of Gangneung has been pushed back to November.   The 13th Gangneung Coffee Festival, which was originally scheduled for Oct. 6-9, will take place from Nov. 25-28 both online and in person, its organizers said Saturday.   The Gangneung Culture and Arts Foundation … Read more

Seoul stocks to come under selling pressure next week on tapering woes: analysts

SEOUL– South Korean stocks are likely to skid under selling pressure next week, as investors could take to the sidelines over concerns about an earlier-than-expected U.S. rate hike ahead of the Jackson Hole gathering, analysts said Saturday.   The benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,060.51 points Friday, down 3.49 percent from … Read more

U.S. nuclear envoy arrives in Seoul for talks with S. Korean, Russian counterparts

SEOUL– The U.S. special representative for North Korea, Sung Kim, arrived in Seoul on Saturday for talks with his South Korean and Russian counterparts, as they seek North Korea’s return to dialogue amid renewed tensions over the ongoing military exercise between Seoul and Washington.   Kim, who doubles as ambassador to Indonesia, began his four-day … Read more

Incheon airport’s passenger traffic hits high for 2021 in early Aug.

SEOUL– The number of daily passengers at Incheon International Airport, South Korea’s main gateway, rose to the highest point this year in early August as more people traveled during the summer holiday season amid the vaccination drive, data showed Saturday.   An average of 10,987 passengers used the Incheon airport a day from Aug. 1-19, … Read more

4.0 magnitude quake hits waters off S. Korea’s southwestern coast: KMA

SEOUL– A 4.0 magnitude earthquake struck waters off South Korea’s southwestern coast Saturday morning, with no damage reported, the weather agency said.   The quake occurred in waters about 123 kilometers southwest of Gunsan, North Jeolla Province, at 9:40 a.m., according to the Korea Meteorological Administration (KMA).   The epicenter was at 35.72 degrees north … Read more

Ex-President Chun diagnosed with blood cancer: sources

SEOUL– Former President Chun Doo-hwan has been diagnosed with multiple myeloma, a type of blood cancer that affects plasma cells, sources familiar with the matter said Saturday.   The 90-year-old former military strongman has been hospitalized in Yonsei Severance Hospital in western Seoul since he returned from a 660-kilometer round trip to the southwestern city … Read more