SEOUL– The front lawn of the presidential office is expected to open to the public as early as April after the required budget passed through parliament last week, officials said Monday. The land surrounding the presidential office was previously used as a U.S. military base and is currently in the process of being transformed … Read more
SEOUL– South Korea’s transport ministry said Monday it temporarily suspended flights at the Gimpo and Incheon international airports, but it didn’t specify the reason. At the request of the Joint Chiefs of Staff, the Ministry of Land, Infrastructure and Transport said it had banned flights at the country’s two major airports for about an … Read more
SEOUL– South Korean battery maker SK On Co. said Monday it will present its high-nickel battery lineups and a next-generation solid state battery jointly being developed with a U.S. partner at a tech show in the United States next week. SK On said it will unveil the Super Fast Battery, which has 83 percent … Read more
SEOUL– South Korean stocks closed slightly higher Monday after a choppy session, backed by institutional buying. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 3.45 points, or 0.15 percent, to close at 2,317.14 points. Trading volume was relatively low at about 408 million shares … Read more
SEOUL– President Yoon Suk Yeol instructed aides Monday to look into establishing a public disclosure system for the accounting practices of labor unions, his office said. During a weekly meeting with senior secretaries, Yoon told them to look into ways to establish an accounting disclosure system for labor unions similar to the Data Analysis, … Read more
SEOUL– Police have booked five suspects as part of an investigation into a massive house rental scam that caused at least 17 billion won (US$13.3 million) in losses to tenants, police officials said Monday. Police have been widening a probe after a landlord, known by his family name Kim, died recently without paying back … Read more
SEOUL– South Korea plans to sell state bonds worth 167.8 trillion won (US$131.5 billion) next year, the finance ministry said Monday. The planned debt sale marks a drop of 800 billion won from this year, when Treasurys worth 168.6 trillion won were sold, according to the Ministry of Economy and Finance. The government … Read more
SEOUL– President Yoon Suk Yeol brought his newly adopted labrador retriever to work on Monday, his office said. The retired service dog, named Saeromi, was adopted by Yoon and first lady Kim Keon Hee on Christmas Eve, becoming the couple’s 11th pet. Yoon slept with Saeromi on both Saturday and Sunday after being advised that … Read more