President Joe Biden told The Associated Press on Thursday that the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are slamming family budgets. He said a recession is not inevitable and bristled at claims by Republican lawmakers that … Read more
North Korea is rushing to contain an outbreak of a “malignant” intestinal disease, state media reported this week, a month after the country acknowledged it is dealing with a COVID-19 outbreak. State media have not disclosed the name of the intestinal disease but say North Korean leader Kim Jong Un has sent medicines to combat … Read more
SEOUL– SK Geocentric Co., a chemical unit under South Korea’s SK Group, said Thursday it has signed an initial deal with France’s Suez S.A. and a Canadian partner to build a joint plastic waste recycling plant in the European country. The agreement with the French water management company and Loop Industries, a Quebec-based plastic waste … Read more
SEOUL– South Korean aerospace engineers began inspecting the country’s homegrown Nuri space rocket, a day after a last-minute technical glitch in the oxidizer tank sensor forced the country to call off the rocket launch scheduled for Thursday. The Korea Aerospace Research Institute (KARI) on Wednesday decided to indefinitely postpone the launch of Nuri after the … Read more
SEOUL– President Yoon Suk-yeol said Thursday his government will pursue economic policies centered on private sector-led growth and deregulation in an effort to overcome the multifaceted economic crisis. Yoon made the remark during a meeting on the new government’s economic policy directions where officials mapped out economic plans over the next five years. “Our economy … Read more
SEOUL– South Korea’s Defense Ministry plans to form a government-civilian consultative body for the long-delayed environmental impact assessment of a U.S. THAAD missile defense unit here to expeditiously push for its “normalization,” ministry officials said Thursday. The ministry requested that related environmental organizations and provincial authorities recommend members of the envisioned body for the assessment … Read more
SEOUL– The following are the key economic policy goals under the government of President Yoon Suk-yeol. The economic policy road map centers on deregulation and tax cuts in a bid to support the economic growth led by the private sector. Revitalizing economic growth led by private sector — to ease regulations, boost corporate vitality — … Read more
SEOUL– South Korea has designated 23 more state-funded Korean language institutes abroad this year, the culture ministry said Thursday, as part of efforts to help more foreigners learn the Korean language and culture. The 23 new King Sejong Institutes will be located in 19 countries in Asia, Africa and Europe, according to the Ministry of … Read more