SEOUL, Sept. 22 (Yonhap) — A recent accelerating slide in the local currency against the U.S. dollar is feared to aggravate uncertainty over the South Korean economy already struggling in the face of galloping inflation, high borrowing costs and worries over slowing growth, observers said Thursday. The won’s sharp depreciation will likely exert upward … Read more
SEOUL, Sept. 22 (Yonhap) — South Korea has opened a quantum technology cooperation center in Washington to handle joint research and development projects in the field with U.S. partners, the Ministry of Science and ICT said Thursday. The ministry held an opening ceremony of the Korea-US Quantum Technology Cooperation Center in Washington on Wednesday … Read more
SEOUL, Sept. 22 (Yonhap) — The top military officers of South Korea and Estonia held talks in Seoul on Thursday to discuss bilateral defense cooperation and regional security, Seoul’s Joint Chiefs of Staff (JCS) said. JCS Chairman Gen. Kim Seung-kyum met with Estonian Defense Forces Commander Lt. Gen. Martin Herem as the latter came … Read more
WASHINGTON/SEOUL, Sept. 22 (Yonhap) — SK Group Chairman Chey Tae-won has said it is too early to define the impacts on South Korean businesses of U.S. policies favoring domestically produced semiconductors and electric vehicles and any plans should be drawn up based on careful assessments. Chey’s remarks came as the administration of U.S. President … Read more
SEOUL, Sept. 22 (Yonhap) — The chief nuclear envoys of South Korea and the United States on Thursday expressed “serious concerns” over North Korea’s rising nuclear threat and vowed to decisively respond if Pyongyang conducts another nuclear test, Seoul’s foreign ministry said. Kim Gunn, its special representative for Korean Peninsula peace and security affairs, … Read more
SEOUL, Sept. 22 (Yonhap) — South Korean stocks closed down on Thursday, as investors were spooked by growing worries over a global economic recession following the U.S. Federal Reserve’s sharp rate hike decision. The Korean won fell to a 13-year low against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost … Read more
SEOUL, Sept. 22 (Yonhap) — The 2021 U.S. Open women’s singles champion Emma Raducanu reached the quarterfinals of the WTA stop in Seoul on Thursday, staying alive in a bid for her second career title. Raducanu, No. 6 seed, defeated Yanina Wickmayer of Belgium 6-3, 7-5 in the round of 16 at the Hana … Read more
SEOUL, Sept. 22 (Yonhap) — The number of visitors to South Korea’s southern resort island of Jeju has topped 10 million so far this year, recovering from a slump caused by the COVID-19 pandemic, data showed Thursday. The number of travelers, including those coming from overseas, to Jeju, one of the most favored travel … Read more