SEOUL– National Assembly Speaker Kim Jin-pyo will leave for Ethiopia this weekend, kicking off a three-nation trip to Africa and the Middle East, Kim’s office said Friday. Kim will first visit Ethiopia on Sunday to meet with Ethiopia’s President Sahle-Work Zewde, head to Rwanda on Tuesday to attend a general meeting of the Inter-Parliamentary … Read more
SEOUL– A new U.S. rotational force employing the Stryker armored fighting vehicle will begin arriving in South Korea later this week for a nine-month security mission, the U.S. military said Friday. The 2nd Stryker Brigade Combat Team (SBCT) will start coming here on Saturday to replace the 1st Armored Brigade Combat Team (ABCT) that … Read more
SEOUL– LG Energy Solution Ltd. on Friday estimated its third-quarter operating profit at 521.9 billion won (US$369.5 million), turning from a loss of 372.8 billion won a year earlier. Sales increased 89.9 percent to 7.64 trillion won. The data for net income was not available. The operating profit was 13.7 percent higher than … Read more
SEOUL– Prosecutors questioned former Unification Minister Cho Myoung-gyon on Friday as part of an investigation into allegations that while in office, he forced the head of a ministry-affiliated foundation to resign during the previous administration. Cho is suspected of forcing Sohn kwang-ju, a former chief of the Korea Hana Foundation, to step down in … Read more
SEOUL– South Korean Defense Minister Lee Jong-sup met with the commander of the U.S. Indo-Pacific Command in Seoul on Friday to discuss North Korea’s provocations and the Seoul-Washington alliance, Lee’s office said. Lee and Adm. John Aquilino shared the view that the allies have “strongly” responded to North Korea over Pyongyang’s latest ballistic missile … Read more
SEOUL– South Korean stocks closed lower Friday, ending a three-day winning streak, amid lingering concerns over the Federal Reserve’s aggressive monetary tightening and a global economic recession. After volatile trading, the benchmark Korea Composite Stock Price Index (KOSPI) shed 5.02 points, or 0.22 percent, to end at 2,232.84. Trading volume was a bit … Read more
BUSAN– Korean director Lee Joon-ik said Friday he is finally introducing Tving’s upcoming series “Beyond the Memory” next week following one failed attempt a decade ago as he thought the time is ripe for the near future sci-fi drama. Part of the six-episode series was premiered at the 27th Busan International Film Festival on … Read more
SEOUL– LG Energy Solution Ltd., South Korea’s top battery maker, said Friday it racked up a turnaround in the third-quarter of the year from a year earlier on the back of the weakness of the Korean currency against the U.S. dollar and robust sales. Its operating profit reached 522 billion won (US$370 million) in … Read more