Pohang Steelers finish runners-up at AFC Champions League

SEOUL– Pohang Steelers’ pursuit of a long-awaited Asian club football title will have to be put on hold for a little while longer.   The South Korean club lost to the Saudi Arabian side Al Hilal 2-0 in the final of the Asian Football Confederation (AFC) Champions League at King Fahd International Stadium in Riyadh … Read more

S. Korean economy forecast to grow 3.2 pct in 2022

SEOUL– The South Korean economy is likely to expand 3.2 percent on-year in 2022 on the back of a recovery in private consumption and brisk exports, a local think tank said Wednesday.   The Korea Capital Market Institute (KCMI) also forecast the gross domestic product of Asia’s fourth-largest economy to increase 4 percent this year … Read more

S. Korea confirms 1st fetal COVID-19 death

SEOUL– South Korean health authorities said Wednesday that a fetus has died of COVID-19 in the first case in the country.   A 26-week pregnant woman delivered the stillborn baby Monday, four days after being confirmed to have been infected with COVID-19, according to the Korea Disease Control and Prevention Agency (KDCA).   The fetus … Read more

Ex-chief aide of DP presidential candidate Lee questioned over development scandal

SEOUL– Prosecutors questioned a former chief secretary to Lee Jae-myung, the presidential candidate of the ruling Democratic Party, on Wednesday in connection with a far-reaching corruption scandal surrounding a development project undertaken in the city of Seongnam when Lee was mayor.   The Seoul Central District Prosecutors Office summoned Lim Seong-min, who served as Lee’s … Read more

Victims of Chun’s 1980 Gwangju crackdown file damage suit against gov’t

SEOUL– Victims of the brutal crackdown on a 1980 pro-democracy uprising in the southwestern city of Gwangju have launched a damage suit against the government, a lawyer’s group announced Wednesday, a day after the death of former President Chun Doo-hwan accused of ordering the crackdown.   Lawyers for a Democratic Society said it has filed … Read more

Seoul stocks down ahead of BOK meeting

SEOUL– South Korean stocks closed slightly lower Wednesday as investors took to the sidelines ahead of the central bank’s monetary policy meeting. The Korean won rose against the U.S. dollar.   The benchmark Korea Composite Stock Price Index (KOSPI) slipped 3.04 points, or 0.1 percent, to close at 2,994.29 points.   Trading volume was moderate … Read more

Assembly speaker meets WHO chief to discuss vaccines, N. Korea aid

SEOUL– National Assembly Speaker Park Byeong-seug met with the World Health Organization (WHO) chief to discuss cooperation on vaccines and humanitarian aid to North Korea, his office said Wednesday.   During the meeting with WHO Director General Tedros Adhanom Ghebreyesus, Park also emphasized that South Korea is the “optimal location” for a bio and vaccine … Read more