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Finance Minister Lee Hyoung-il met with US Ambassador to South Korea Michelle Steel on Monday to discuss ways to strengthen bilateral economic cooperation, the finance ministry said. During the meeting held at the government complex in Seoul, Lee said the South Korea-US alliance has expanded beyond security to encom…
South Korea launched its new military drone headquarters Monday, seeking to make uncrewed aircraft a common battlefield tool across the branches, but experts say the country needs to match production capabilities to military goals. On Monday, the Ministry of National Defense held a ceremony marking the establishment…
SEOUL, Nov. 2 (Yonhap) -- Vice foreign ministers of South Korea and Japan were s...
South Korea has officially recognized three fishing crewmen abducted by North Korea decades ago, Seoul's unification ministry said Monday, bringing the total number of government-recognized abductees since the end of the 1950-53 Korean War to 519. The ministry added Jo Gi-won, Kim Yang-hun and Kim Dong-ho, who were …
South Korean financial firms are accelerating their push into Japan, with Mirae Asset, Hanwha and Toss moving to acquire local brokerages within weeks, betting on a surge in retail investing and sweeping capital market reforms. The three acquisition plans announced in October signal growing interest in Japan's finan…
Only three winners of the Korean Series MVP award have gone on to manage in the Korea Baseball Organization (KBO), and two of them will be in the opposing dugouts when the South Korean baseball championship battle begins this week. The KT Wiz and the Samsung Lions will meet in the best-of-seven Korean Series startin…
SEOUL, Nov. 2 (Yonhap) -- South Korea has officially recognized three fishing cr...
The 2027 budget will rise 12.8% to 820.9 trillion won, and will include a 21.3 trillion won investment into semiconductors, physical AI and AI data centers.
SEOUL, Nov. 2 (Yonhap) -- South Korea will hold an annual consultation session w...
Swire Properties is exploring listing its mainland Chinese commercial assets on the country’s real estate investment trust (Reit) market, as greater clarity over land-lease renewals opens new ways to unlock capital, CEO Tim Blackburn said recently. “We currently have a team actively exploring C-Reits to see whether …
North Korea on Monday condemned a recent South Korea-US military exercise integrating Washington's nuclear capabilities with Seoul's conventional forces, and vowed to accelerate its nuclear weapons buildup as an "immutable" national defense policy. Kim Jong-sik, first vice department director of the Central Committe…
SEOUL, Nov. 2 (Yonhap) -- The main opposition People Power Party (PPP) on Monday...
The Korea Medical Institute is expanding beyond traditional health screenings into long-term health management, unveiling a new corporate identity to mark its 41st anniversary on Oct. 29. The move reflects the health screening provider's new vision, "Beyond Health Screening, Toward Health Care," which aims to help p…
OpenAI CEO Sam Altman returned to South Korea over the weekend facing two mounting challenges: securing enough memory chips and raising the billions needed to build the infrastructure behind them. His surprise visit highlighted the growing importance of Samsung and SK to the ChatGPT maker, as tight memory supplies s…
The Philippines’ military modernisation drive could offer South Korea an opportunity to transform its role as a major arms supplier into a deeper defence partnership, analysts have said. This prospect gained fresh momentum after Philippine Defence Secretary Gilberto Teodoro Jnr and his South Korean counterpart, Kang…
Daewoo Engineering & Construction urged the government Monday to mediate its dispute with Korea Hydro & Nuclear Power over a Czech nuclear project, warning that finding a replacement builder could jeopardize the project's schedule. The appeal came four days after KHNP ended subcontract negotiations with a Daewoo-led…
South Korea has pushed back its planned shift to faster stock settlement to 2028, giving financial institutions and overseas investors more time to prepare amid concerns over higher costs and operational risks. The move will shorten the settlement cycle from two business days to one, allowing investors to receive pr…
The 2022 sinking of a tourist boat off Hokkaido left 20 passengers and crew members dead and six others unaccounted for.
North Korea has not resumed loudspeaker broadcasts toward South Korea despite saying they would be put into operation across the inter-Korean border by the end of October, according to South Korea's Joint Chiefs of Staff. "As of now, our military has not detected any operation of North Korea's loudspeakers toward So…
CHANGWON, South Korea, Nov. 2 (Yonhap) -- A court will open a retrial next week ...
Higher input prices and weaker Chinese demand squeeze soybean growers ahead of midterms
Hong Kong-based WeBank Technology Services, a fintech unit of Tencent Holdings-backed Chinese online lending giant WeBank, generated tens of millions of dollars in revenue last year amid rising demand for digital banking infrastructure in Southeast Asia, according to a senior executive. WeBank Technology, which prov…
The price of jet fuel has more than doubled since the U.S. and Israel launched a military campaign against Iran in late February.
Broad framework designed to 'minimize political sensitivity' amid China pressure
Some high-pressure turbine blades in US-made GE Aerospace engines powering Boeing 787 aircraft have suffered unexpectedly early damage, leaving airlines with a difficult choice: replace the engines or continue flying under strict inspection requirements, according to a Chinese aviation specialist. The findings raise…
Years of working together have made CNPC and Adnoc more than buyer and producer
China Media Group, which acknowledged Mbappé's apology, has not said how long the blackout will last.
Chinese researchers have mapped how energy from surface wind surges thousands of metres into the seabed, revealing massive underwater conduits they called “inertial chimneys”. The discovery, based on data collected by a US-funded ocean sensor array off the east coast of Japan, coupled with future long-term underwate…
Dhaka, Beijing to cooperate on overhauling vocational schools to address skills mismatch
SEOUL, Nov. 2 (Yonhap) -- Online shopping sales in South Korea rose 4.1 percent ...
SEOUL, Nov. 2 (Yonhap) -- Vice foreign ministers of South Korea and Japan were s...
OpenAI CEO Sam Altman made an unannounced visit to South Korea over the weekend, meeting with Samsung executives and reportedly SK Group executives.
Thailand-Cambodia border conflict creates opportunity for those living in camps
Across China, a growing number of middle-aged working mothers are quietly checking into hotel rooms alone, desperate to get a few hours of uninterrupted sleep. Caught between demanding daytime jobs and an exhausting “second shift” of housework and parenting, many women see these solo hotel stays as their only real e…
The defense ministry launched a new drone headquarters Monday, aiming to bolster unmanned aerial systems and counter-drone capabilities amid North Korea's evolving drone threats, officials said. The launch ceremony took place at the Defense Drone Headquarters in Pocheon, about 40 kilometers north of Seoul, attended …
China’s stocks rebounded on Monday from a brutal sell-off in October as speculation gathered pace that Beijing would double down on efforts to stem a rout that sent its benchmark into a bear market. The CSI 300 Index rose 0.8 per cent to 4,016.92 at the close. The Star Market 50 Index, which is dominated by the nati…
President Lee Jae Myung’s overseas trips have again drawn attention to South Korea’s shifting political standards, adding to a familiar cycle of disputes over presidential golf and the presidential plane whenever power passes between conservative and liberal administrations. The controversies centre on taxpayer mone…
South Korea is emerging as a potential winner in the global supply chain shake-up, as demand for AI chips and efforts to reduce dependence on China reshape trade, according to DHL Group CEO Tobias Meyer. Despite escalating tariffs and geopolitical tensions, Meyer said global trade continues to expand, with Korea's s…
Construction workers have been working late into the night in downtown Shenzhen as the city makes its final preparations for the Asia-Pacific Economic Cooperation summit in two weeks’ time. On a weekday night, a South China Morning Post reporter saw at least 50 construction workers gathered at an intersection about …
The Korea Exchange on Monday unveiled a plan to shorten a cycle for stock settlement, in what could be a major overhaul to improve efficiency for the equity market. Since 1972, South Korea has adopted a stock settlement system that allows investors to settle their transactions two business days after their trades. U…
SEOUL, Nov. 2 (Yonhap) -- The Korea Exchange (KRX) on Monday unveiled a plan to ...
President Lee Jae Myung on Monday pledged bold investment in artificial intelligence and other future growth engine industries to boost South Korea's economic growth potential and ensure what he called "growth for all." Lee made the pledge in a speech at the National Assembly, where he called for bipartisan support …
The South Korean Air Force will take part in a US-led multinational space war game for the first time this week, a tabletop exercise designed to strengthen joint operational capabilities in the space domain, officials said Monday. The Air Force is scheduled to participate in the war game, dubbed Partner to Win, from…
Halal-certified coffee chain eyes Indonesia, Japan and other overseas markets
SEOUL, Nov. 2 (Yonhap) -- The South Korean Air Force will take part in a U.S.-le...
SEOUL, Nov. 2 (Yonhap) -- The Korea Exchange (KRX) on Monday unveiled a plan to ...
The train disaster, one of Europe’s deadliest rail incidents this century, killed 69 people, including 54 SpaniardsFour US citizens and one each from Canada, Japan, Argentina, Mexico, Tunisia and the Czech Republic were among the 69 killed in last week’s high-speed train collision in Spain, authorities said.Wednesda…
The train disaster, one of Europe’s deadliest rail incidents this century, killed 69 people, including 54 SpaniardsFour US citizens and one each from Canada, Japan, Argentina, Mexico, Tunisia and the Czech Republic were among the 69 killed in last week’s high-speed train collision in Spain, authorities said.Wednesda…
An analysis by Japan’s GMO Internet Group found that a North Korea-linked hacking group was likely behind the cyberattack on the company last month, sources close to the matter said, citing characteristics of the malware used and other traces left by the perpetrators. The company appears to have already reported the…
Top university research, cross-border data exchanges and access to mainland China’s large market have attracted Japanese firm Rohto Pharmaceutical to conduct clinical trials in Hong Kong, making it the first company from the country to partner with the city’s government under a flagship investment initiative. Rohto,…
