SEOUL– Nearly 60 percent of economic and financial experts worry that South Korea could face a financial crisis in the short term amid concerns that spiking borrowing costs could weigh on businesses and households, a central bank survey showed Sunday. According to the survey that the Bank of Korea (BOK) conducted on 72 experts … Read more
YANGYANG, South Korea– Two people are presumed dead after their helicopter crashed near a Buddhist temple in the eastern coastal county of Yangyang on Sunday, fire officials said. The chopper crashed around 10:50 a.m. and burst into flames. Fire officials said the scene was difficult to reach because of the possibility of additional explosions. … Read more
SEOUL– Business leaders will push to enlist support for South Korea’s bid to host the 2030 World Expo when they take part in this week’s gathering of an intergovernmental body in charge of overseeing the event, a business lobby said Sunday. A delegation led by SK Group Chairman Chey Tae-won will head for Paris … Read more
SEOUL– President Yoon Suk-yeol will announce a road map this week for a “future space economy,” including plans to establish an aerospace agency similar to the U.S. National Aeronautics and Space Administration, his office said Sunday. The road map, to be unveiled by Yoon on Monday, will include six major policy areas that will … Read more
SEOUL– Prime Minister Han Duck-soo will visit France, Mozambique and Ghana this week to promote South Korea’s bid to host the 2030 World Expo, his office said Sunday. Han will leave for Paris on Monday to attend the 171st General Assembly of the Bureau International des Expositions (BIE), an intergovernmental body in charge of … Read more
SEOUL– South Korea on Sunday confirmed an additional avian influenza case at a duck farm in the southern region of the country, officials said. The case of a highly pathogenic avian influenza (AI) strain of H5N1 was found at the duck farm located in Goheung, a southern coastal town, some 470 kilometers south of … Read more
YANGYANG, South Korea– Five people were killed in a helicopter crash near a Buddhist temple in the eastern coastal county of Yangyang on Sunday, fire officials said. The five included the 71-year-old pilot and a 54-year-old mechanic, who were initially believed to be the only two people on board. Rescue workers later found three … Read more
SEOUL– An oil tanker in West Africa with two South Koreans and 17 Indonesians aboard, which was freed after being hijacked by pirates earlier this week, is expected to be towed to its destination due to damage caused to the engine by the kidnappers, according to Seoul’s foreign ministry officials Sunday. The 4,000-ton tanker … Read more