Oil prices largely held gains Wednesday, with investors sceptical about the effectiveness of a U.S.-led coordinated release of stocks from strategic reserves and turning their focus to the next step by oil producers, Trend reports with reference to Reuters. Brent crude futures slid 7 cents, or 0.1%, to $82.24 a barrel by 0432 GMT, … Read more
SEOUL– Part of the remains of St. Andrew Kim Tae-gon, the first native Korean Catholic priest, will be enshrined in an African country, the Catholic church here said Wednesday. Cardinal Andrew Yeom Soo-jung, the archbishop of Seoul, handed over the relic to Monsignor Julien Kabore, charge d’affaires of the Apostolic Nunciature in Manila, in … Read more
SEOUL– South Korea’s imports of golf equipment rose to a record high in the first 10 months of this year on the back of strong demand amid the pandemic, customs data showed Wednesday. The imports of golf clubs and other related equipment reached US$601 million in the January-October period, up 29.3 percent from the … Read more
SEOUL– Hanwha Solutions Corp., a chemical and energy unit of South Korean conglomerate Hanwha Group, said Wednesday it is investing US$100 million in a U.S. data center- tech company as it seeks to expand its sustainable power grid business in America. The investment will give Hanwha Solutions a stake and board seat in Lancium … Read more
SEOUL– The top trade officials of South Korea and Costa Rica met in Seoul on Wednesday and discussed ways to further boost bilateral trade and investment, Seoul’s industry ministry said. During the meeting, Seoul’s Trade Minister Yeo Han-koo and Costa Rica’s foreign trade minister, Andres Valenciano Yamuni, checked the implementation of the South Korea-Central … Read more
SEOUL– Be it the new nuclear submarine pact with Australia or the Quad security forum, the United States’ push for expanding regional security groupings of “like-minded” countries amid a deepening Sino-U.S. rivalry is posing a tricky policy challenge to South Korea, especially months ahead of the launch of a new administration, analysts said Wednesday. … Read more
SEOUL– Prime Minister Kim Boo-kyum said Wednesday the country’s virus situation is worse than expected, especially in the capital area, urging health authorities to beef up containment measures. Kim issued the warning as the country’s daily COVID-19 cases hit an all-time high of 4,117, with the number of critical ill virus patients also reaching … Read more
SEOUL– Main opposition People Power Party presidential candidate Yoon Seok-youl is leading his ruling Democratic Party rival, Lee Jae-myung, by a smaller margin than before in a hypothetical multicandidate race, a survey showed Wednesday. Yoon garnered 44.1 percent support against Lee’s 37 percent in the survey of 1,011 adults conducted Monday and Tuesday, according … Read more