SEOUL– South Korean credit finance firms saw their earnings soar nearly 74 percent in 2021 from a year earlier on increased interest and investment income, data showed Monday.The combined net income of 123 credit finance companies came to 4.46 trillio…
SEOUL– South Korea’s central bank said Monday that it will purchase 2 trillion won (US$1.64 billion) worth of state bonds this week to ease financial market volatility.The bond purchase scheme will be carried out on Tuesday, according to the Bank of K…
SEOUL– The South Korean government called Monday on North Korea to refrain from escalating tensions in the region, responding to the latest statement, directed at Seoul, by Kim Yo-jong, the influential sister of North Korea’s leader.”The Ministry of U…
SEOUL– The defense ministry on Monday reported 1,669 additional COVID-19 cases in the military, raising the total caseload among service members to 90,601.The new cases included 1,151 from the Army, 247 from the Air Force, 168 from the Navy, 46 from u…
SEOUL– The incoming government of President-elect Yoon Suk-yeol is trying to announce the lineup of the new Cabinet by the end of next week, his spokesperson said Monday, amid speculation Reps. Park Jin and Cho Tae-yong are being considered for foreig…
SEOUL– Ukrainian President Volodymyr Zelenskyy will deliver a virtual address to South Korean lawmakers next week, the chairman of the parliamentary foreign affairs committee said Monday.Zelenskyy’s speech will be delivered virtually at the National A…