SEOUL– Seoul stocks snapped their four-day losing streak Tuesday amid still persistent woes over aggressive monetary tightening moves in major economies that could lead to a recession. The Korean won sharply rose against the U.S. dollar. After choppy trading, the benchmark Korea Composite Stock Price Index rose 2.92 points, or 0.13 percent, to close … Read more
SEOUL– South Korea’s National Assembly on Tuesday ratified a respective free trade agreement (FTA) with Israel and Cambodia, wrapping up the final domestic procedure needed for their implementation. The ratification came as South Korea signed an FTA with Israel in May last year after they struck the deal in 2019 following three-year negotiations. Seoul … Read more
SEOUL– South Korea’s finance minister will leave for the Philippines this week to attend an annual meeting of the Asian Development Bank (ADB), his office said Tuesday. Finance Minister Choo Kyung-ho will depart for Manila Wednesday to take part in the gathering that kicked off Monday and will run until Friday, according to Seoul’s … Read more
SEOUL– The prosecution on Tuesday requested an arrest warrant for a former deputy secretary general of the main opposition Democratic Party on corruption charges. The Seoul Central Prosecutors Office said Lee Jung-geun, 59, is suspected of taking about 950 million won (US$667,549) from a businessperson between December 2019 and January last year in exchange … Read more
SEOUL– Top South Korean and U.S. military officials on Tuesday boarded the USS Ronald Reagan aircraft carrier partaking in a combined naval exercise in the East Sea, Seoul officials said, in an apparent display of the allies’ unity against North Korean threats. Seoul’s Joint Chiefs of Staff Chairman Gen. Kim Seung-kyum and Gen. Paul … Read more
TOKYO– South Korean Prime Minister Han Duck-soo on Tuesday offered condolences to former Japanese Prime Minister Shinzo Abe at a state funeral. Han, along with foreign leaders, including U.S. Vice President Kamala Harris, attended the funeral at the Budokan arena in Tokyo. Han placed chrysanthemums on an altar of Abe. Later in … Read more
SEOUL– South Korea’s new COVID-19 cases on Tuesday bounced back to nearly 40,000 from a two-month low amid concerns over a “twindemic” of coronavirus and seasonal influenza. The country reported 39,425 new COVID-19 infections, including 308 from overseas, bringing the total caseload to 24,673,663, the Korea Disease Control and Prevention Agency (KDCA) said. … Read more
SEOUL– South Korean player Kwon Soon-woo advanced to the second round of the lone ATP Tour event held on home soil on Tuesday, beating countryman Chung Yun-seong in three sets. Kwon, the highest-ranked ATP player from South Korea at No. 121, defeated the 269th-ranked Chung 7-5 (7-6), 6-7 (3-7), 6-1 at Olympic Park Tennis … Read more