SEOUL– South Korea and China agreed Wednesday to reduce the number of their boats fishing in the respective nation’s exclusive economic zones (EEZs) and cut the allowed fish catch in a move to preserve maritime resources, Seoul’s oceans ministry said. After holding a four-day joint fishing committee meeting from Tuesday, the two nations agreed … Read more
SEOUL– Defense Minister Lee Jong-sup met with Australia’s ambassador to South Korea on Wednesday to discuss defense cooperation and other issues, Seoul’s defense ministry said. During the talks with Ambassador Catherine Raper, Lee said that defense cooperation between the two nations has steadily been developing as he cited the elevation of bilateral ties to … Read more
SEOUL– Police launched an investigation Wednesday into two online media outlets that disclosed a list of victims of the Itaewon crowd crush without the consent of bereaved families. On Monday, Mindeulle and the Citizen Press released the names of 155 deceased victims of the Oct. 29 tragedy that killed at least 158 people during … Read more
SEOUL– South Korean supergroup BTS has been nominated in multiple categories of the 2023 Grammy Awards, becoming the first K-pop act to receive a Grammy nomination for three consecutive years. The septet was nominated for the best pop duo or group performance for “My Universe,” along with British rock band Coldplay, and best music … Read more
SEOUL– European turboprop manufacturer ATR said Wednesday it aims to sell 25 turboprop aircraft in South Korea by 2030 amid growing demand for short-distance travel and an interest in fuel-efficiency. ATR is targeting to see a total of 25 turboprop planes operated in Korea within the next seven years, Fabrice Vautier, ATR’s senior vice … Read more
SEOUL– LG Chem Ltd., South Korea’s leading chemical producer, said Wednesday it is spending 310 billion won (US$234 million) in total to build new facilities for plastic recycling and the production of a thermal insulator component. LG Chem said it is on track to break ground on the plastic pyrolysis plant that will recycle … Read more
SEOUL– South Korean stocks ended slightly lower Wednesday, as investors moved to pocket profits from recent sharp gains amid renewing geopolitical concerns in Europe. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost 2.88 points, or 0.12 percent, to close at 2,477.45. Trading volume was … Read more
SEOUL– South Korea plans to bolster its economic cooperation with Saudi Arabia, as the two countries share a common goal to diversify their growth engines, the finance ministry said Wednesday. Finance Minister Choo Kyung-ho and Saudi Economy and Planning Minister Faisal al-Ibrahim reached the consensus during their bilateral talks held in Seoul earlier in … Read more