SEOUL, SEPTEMBER 26 (Yonhap) — Genexine Inc.on Monday announced that it will sell stock to raise 100 billion won(US$69.9 million). The proceeds from the stock offering will be used primarily to finance its operations. According to a regulatory filing, the company will issue some 5.79 million common shares at a price of 17,250 won per … Read more
SEOUL– The Organization for Economic Cooperation and Development (OECD) on Monday lowered its outlook for South Korea’s growth for next year, citing uncertainties in the global economy. In its interim report on next year’s world economy, the Paris-based organization said South Korea’s gross domestic product is expected to grow 2.2 percent in 2023, 0.3 … Read more
SEOUL– South Korea’s new COVID-19 cases fell to the lowest number in more than two months on Monday, as the virus wave has been slowing down at a steady pace and the government has fully lifted outdoor mask mandates. The country reported 14,168 new COVID-19 infections, including 220 from overseas, bringing the total caseload … Read more
SEOUL– President Yoon Suk-yeol said Monday that untrue media reports of his remarks caught on hot mic damaged South Korea’s alliance with the United States in his first response to the controversy. Last week, Yoon was caught on video making a remark privately to aides in New York that appeared to include vulgar words. … Read more
SEOUL– South Korea will have their final World Cup tuneup match at full strength Tuesday night against Cameroon, with question marks regarding their defense hanging over their head. The kickoff between world No. 28 South Korea and No. 38 Cameroon is 8 p.m. Tuesday at Seoul World Cup Stadium. South Korea eked out … Read more
SEOUL– The South Korean currency on Monday dipped below the 1,420 won mark against the U.S. dollar for the first time in more than 13 years during intraday trading amid the Federal Reserve’s aggressive monetary tightening. The local currency was trading at 1,423.20 won per dollar as of 9:25 a.m., down 13.90 won from … Read more
A U.S. aircraft carrier and its battle group launched drills with South Korean warships off the Korean Peninsula’s east coast on Monday in their first such training in five years, a day after North Korea test-fired a short-range ballistic missile in a possible response to the exercise. North Korea could conduct more tests in coming … Read more
A fire broke out at the basement of a shopping mall in the South Korean city of Daejeon on Monday, killing at least seven people, officials said. Firefighters were continuing to search for survivors after putting out the blaze, said Go Seung-cheol, an official at the Daejeon Fire Headquarters. He said it wasn’t immediately clear … Read more