SEOUL– President Yoon Suk-yeol will review an executive order to force striking truckers to return to work at a Cabinet meeting, a senior presidential official said Monday. “(Yoon) will preside over a Cabinet meeting (Tuesday) to deliberate on the return-to-work order for the Cargo Truckers Solidarity Union,” Kim Eun-hye, senior presidential secretary for press … Read more
SEOUL– Industry Minister Lee Chang-yang met with Bank of Korea (BOK) Gov. Rhee Chang-yong on Monday and discussed the economic situation amid high inflation and interest rates, the industry ministry said. During their first one-on-one meeting, the officials reviewed difficulties in the real economy, weighed down by high prices, interest rates and the weak … Read more
SEOUL– Girl group Red Velvet, which has topped music charts at home and abroad in March with a song that sampled Johann Sebastian Bach’s “Air on the G String From Suite No. 3,” will drop another song that sampled a famous classical music piece Monday. “Birthday,” the title track of the second volume of … Read more
UIWANG, South Korea– The minor Justice Party expressed support for striking truckers Monday and urged the government to meet their demand to make minimum freight rates permanent. Lawmakers of the progressive party met with leaders of the Cargo Truckers Solidarity Union on the fifth day of their strike, amid the government’s threat to invoke an … Read more
Today (%) Previous Session(%) Change (BP) 1-year TB 3.748 3.755 -0.7 2-year TB 3.805 3.762 +4.3 3-year TB 3.669 3.644 +2.5 10-year TB 3.606 3.623 -1.7 2-year MSB 3.795 3.766 +2.9 3-year CB (AA-) 5.405 5.376 +2.9 91-day CD 4.030 4.030 0.0 Source: Yonhap … Read more
SEOUL– More than 83 percent of unionized civil servants support punishing and sacking Interior Minister Lee Sang-min for the bungled emergency response to the deadly crowd crush in Seoul’s neighborhood, their union said Monday. The results came in a poll conducted among members of the Korean Government Employees’ Union from Tuesday through Thursday, asking … Read more
SEOUL– President Yoon Suk-yeol said Monday that South Korea will land a spacecraft on the moon in 2032 and begin exploring lunar resources under its ambitious roadmap for a “future space economy.” Under the long-term plan, South Korea aims to land a spacecraft on Mars in 2045, when the nation will celebrate the 100th … Read more
SEOUL– Cement companies said Monday they will be forced to suspend production in a week if truckers continue to stage a strike, calling for the government’s swift resolution. They made the appeal when Industry Minister Lee Chang-yang visited a factory of Asia Cement Co. in the central city of Jecheon to check the impacts … Read more