SEOUL– South Korean stocks traded 2.32 percent higher late Tuesday morning, driven by the rallies in techs and airliners.The Korea Composite Stock Price Index (KOSPI) rose 55.38 points to 2,439.66 as of 11:20 a.m.Top-cap Samsung Electronics soared mor…
SEOUL– South Korea’s defense ministry warned Tuesday that North Korea’s attempt to use nuclear weapons would lead to its “self-destruction,” responding to Pyongyang’s recent codification of an apparently assertive nuclear policy.Col. Moon Hong-sik, th…
SEOUL– The 2022 regular season in the top South Korean baseball league will end Oct. 8, with dozens of games rained out earlier in the year to be made up over the final two weeks of the campaign.The Korea Baseball Organization (KBO) unveiled the makeu…
SEOUL– South Korean steel giant POSCO said Tuesday that its three blast furnaces are back in operation, about a week after the shutdown of the facilities over Typhoon Hinnamnor.POSCO halted the three blast furnaces at its main steel mill in the southe…
SEOUL– Monetary policymakers of the Bank of Korea (BOK) voiced concerns over the possibility of high inflation getting entrenched when they voted to raise the central bank’s policy rate last month, minutes of the latest rate-setting meeting showed Tue…
SEOUL– President Yoon Suk-yeol traveled south Tuesday to meet with and pledge support for young people who have left the care of the social welfare system.Yoon traveled to Asan, 86 kilometers south of Seoul, where he visited a welfare center dedicated…
SEOUL– The number of South Korean firms unable to service their debts with earnings soared nearly 24 percent in 2021 from two years earlier amid the prolonged coronavirus outbreak, a report showed Tuesday.Asia’s fourth-largest economy had 2,823 “margi…
SEOUL– South Korean e-commerce giant Coupang Inc. on Tuesday denied rumors that it is selling its online food delivery platform Coupang Eats.”The rumors about the sale of Coupang Eats are completely groundless,” the New York-listed e-commerce behemoth…