NEW YORK, Sept. 20 (Yonhap) — The following is the full text of President Yoon Suk-yeol’s address to the 77th U.N. General Assembly in New York on Tuesday. Freedom and Solidarity: Answers to the Watershed Moment Mr. President, Mr. Secretary General, Distinguished delegates, I offer my sincere congratulations to His … Read more
WASHINGTON, Sept. 20 (Yonhap) — South Korea hopes to find a political solution to the new U.S. law on inflation that excludes South Korean-made electric vehicles (EVs) from U.S. tax benefits, South Korean Industry Minister Lee Chang-yang said Tuesday. Lee made the remarks shortly after arriving in Washington for a meeting with U.S. Secretary … Read more
SEOUL– The Asian Development Bank (ADB) on Wednesday slashed its 2023 growth outlook for the South Korean economy to 2.3 percent amid growing concerns that monetary tightening in the United States and other major countries will likely slow down global economic growth. The latest revision by the Manila-based bank marked a drop from its … Read more
SEOUL– The suspect in the shocking subway murder case said Wednesday he “has done a truly crazy thing” as police referred him to the prosecution for further investigation and indictment. The Seoul Metro employee was apprehended a week earlier at Sindang Station on Line No. 2 after stabbing a female colleague in her 20s … Read more
SEOUL– More than one-third of voters said they are willing to support ousted leader Lee Jun-seok of the ruling People Power Party (PPP) if he forms a new party, a poll showed Wednesday. In the poll of 1,000 voters conducted by pollster Hangil Research from Saturday to Monday, 35.9 percent said they will support … Read more
SEOUL– South Korea has made it official that nuclear energy will be included in the list of government-labeled green economic activities despite opposition from environmental activists. The environment ministry on Tuesday released a draft revision to the national green taxonomy guideline. The classification system was first announced in December by the previous Moon … Read more
SEOUL– South Korea’s top steelmaker POSCO said Wednesday it will complete the normalization of its facilities damaged by a recent typhoon within three months, stressing that any major supply glitch would not occur given its product stockpiles sufficient to last 2-3 months. POSCO was forced earlier this month to halt three blast furnaces at … Read more
SEOUL– South Korea seeks to boost cooperation with European nations on nuclear power generation facilities in a move to ensure energy security and better respond to climate change, the industry ministry here said Wednesday. How to deepen energy ties was one of the major agenda items during a meeting in Seoul between Deputy Trade … Read more