BUSAN– Two people have been indicted on charges of smuggling in 902 kilograms of methamphetamine from Mexico, the biggest amount of drug smuggling ever, prosecutors said Thursday. A 38-year-old Australian, whose name was withdrawn, was indicted under detention on drug charges, along with a 36-year-old accomplice who was indicted without detention, the Busan District … Read more
SEJONG– The number of South Koreans getting married tumbled to a new all-time low in 2021 amid the coronavirus pandemic and young people’s changing attitude toward marriage, government data showed Thursday. The number of couples tying the knot in Asia’s fourth-largest economy came to 193,000 last year, down 9.8 percent from the previous year, … Read more
SEOUL– South Korea’s money supply grew 0.9 percent on-month in January thanks to an increase in savings bolstered by rising interest rates, central bank data showed Thursday. The country’s M2, a key gauge of the money supply, stood at 3,653.4 trillion won (US$2.98 trillion) on average in January, up from 3,619.6 trillion tallied a … Read more
SEOUL– The remaining members of President-elect Yoon Suk-yeol’s transition team were announced Thursday, including members of the subcommittees for the economy and science and three spokespeople. Lee Chang-yang, a professor of management engineering at the Korea Advanced Institute of Science and Technology, was appointed to lead the second subcommittee for economic affairs, Yoon’s spokesperson, … Read more
SEOUL– The number of stock investors in South Korea spiked more than 50 percent on-year in 2021 to breach the 10 million mark amid a retail investment boom, industry data showed Thursday. A total of 13.84 million investors held shares in 2,426 companies listed on the country’s main and secondary bourses, up 50.6 percent … Read more
SEOUL– Former St. Louis Cardinals pitcher Kim Kwang-hyun will make his much-anticipated return to the South Korean league in a preseason game next week, his manager said Thursday. SSG Landers’ skipper Kim Won-hyong added Kim, usually a starter, will come out of the bullpen and throw about 40 pitches in next Tuesday’s preseason game … Read more
SEOUL– The interior ministry said Thursday it plans to inject 1.9 trillion won (US$1.63 billion) this year to finance development projects in neighborhoods close to current and former U.S. military bases. The ministry said it finalized the size of this year’s fund that will be used in 115 projects in 13 cities and provinces … Read more
SEOUL– T’way Air, a South Korean low-cost carrier, said Thursday it targets to achieve 3 trillion won (US$2.5 billion) in sales by 2027, as it aims to expand its fleet and serve long-haul routes. T’way Air added an A330-300 chartered plane last month for operations on the Gimpo-Jeju route from later this month, with … Read more