SEOUL– South Korea’s foreign exchange authorities said Friday that they sold a net US$15.49 billion in the second quarter of the year in a bid to stabilize the currency market. It marks the authorities’ largest net selling since the Bank of Korea (BOK) and the finance ministry began to unveil quarterly data on their … Read more
HWASEONG, South Korea– An explosion sparked a fire at a pharmaceutical factory in Hwaseong, south of Seoul, on Friday, leaving one person dead and four others seriously injured, officials said. The fire broke out at the Hwail Pharmaceutical Co. factory in Hwaseong, about 50 km south of Seoul, at 2:22 p.m. and dozens of … Read more
HWASEONG, South Korea– An explosion sparked a fire at a pharmaceutical factory in Hwaseong, south of Seoul, on Friday, leaving one person dead and 14 others injured, officials said. The fire broke out at the Hwail Pharmaceutical Co. factory in Hwaseong, about 50 kilometers south of Seoul, at 2:22 p.m. and dozens of emergency … Read more
SEONGNAM, South Korea– Prosecutors on Friday indicted a former CEO of Doosan Engineering & Construction Co. and an official of Seongnam City in connection with alleged corruption involving opposition leader Lee Jae-myung. The case centers on allegations that the city government of Seongnam, just south of Seoul, had attracted about 16 billion won (US$11.2 … Read more
SEOUL– President Yoon Suk-yeol rejected a call to dismiss South Korea’s top diplomat on Friday, defying pressure from the main opposition party that controls parliament. In a note sent to the media, Kim Eun-hye, senior presidential press secretary, said Yoon will not accept a parliamentary no-confidence motion to hold Foreign Minister Park Jin accountable … Read more
SEOUL– The South Korean doubles tandem of Chung Hyeon and Kwon Soon-woo advanced to the semifinals of the lone ATP tournament on home soil on Friday, winning a three-set thriller in front of loud partisan fans in the nation’s capital. Chung and Kwon defeated Andre Goransson of Sweden and Ben McLachlan of Japan 7-6 … Read more
SEOUL– A top U.S. military officer in South Korea stressed the importance of maintaining the “ironclad” alliance between the two countries Friday, as he decried North Korea, China and Russia as a threat to peace in Northeast Asia and beyond. Lt. Gen. Willard M. Burleson, the commander of the Eighth U.S. Army, delivered a … Read more
SEOUL– The top seed Casper Ruud suffered a shock loss in the quarterfinals of the lone ATP Tour tournament in South Korea on Friday, falling to the unseeded Japanese player Yoshihito Nishioka in three sets. Nishioka, world No. 56, defeated the second-ranked Ruud 6-2, 3-6, 6-2, in the biggest upset of the Eugene Korea … Read more