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News
Unionized Workers of Seoul's Intracity Buses Vote to Strike for Higher Wages
1+ day, 16+ hour ago (103+ words) [Domestic]: Unionized workers of Seoul's intracity buses voted to launch a strike to demand for a wage increase. The union said that of its 18-thousand-296 members, 16-thousand-716 of them cast their ballot on Friday, with 96-point-25 percent of them voting…...
KOSPI Down 1.76% Friday
2+ day, 14+ hour ago (89+ words) [Economy]: The benchmark Korea Composite Stock Price Index dropped 124-point-01 points, or one-point-76 percent, on Friday to close at six-thousand-909-point-91. The tech-heavy KOSDAQ lost 16-point-28 points, or one-point-95 percent, to close at 820-point-64. The South Korean won weakened against…...
PPP Floor Leader: Justice Minister Nominee Should Face Investigation, Not Confirmation Hearing
2+ day, 15+ hour ago (100+ words) [Politics]: Main opposition People Power Party floor leader Jeong Jeom-sig says Justice Minister nominee Kim Seung-won should face a parliamentary investigation, not a confirmation hearing. He said at a party meeting on Friday that the allegations against Kim aren’t simply…...
DP Chief Kim Min-seok Sticks by Nomination of Kim Seung-won as Justice Minister
2+ day, 16+ hour ago (104+ words) [Politics]: Ruling Democratic Party chief Kim Min-seok has stuck by the nomination of Rep. Kim Seung-won, who is under fire for alleged illegal lobbying, as justice minister. The party chief said during a Supreme Council meeting on Friday that the…...
Exports Reach New High of US$34.97 Bln in First 10 Days of September
2+ day, 20+ hour ago (109+ words) [Economy]: South Korea's exports reached a new high during the first ten days of September, surging more than 80 percent year-on-year, fueled by a sustained increase in semiconductor deliveries. Provisional data from the Korea Customs Service on Friday showed exports rose…...
Police Launch Investigation into Nominee's Alleged Solicitation for Clinial Trial Approval
2+ day, 20+ hour ago (105+ words) [Politics]: Police have launched an investigation into allegations that Justice Minister nominee Kim Seung-won had solicited state approval for a clinical trial of a COVID-19 treatment drug in 2021. The Seoul Yeongdeungpo Police Station on Friday is set to question Lee…...
KOSPI Opens 3.29% Lower on Friday
2+ day, 21+ hour ago (88+ words) [Economy]: The benchmark Korea Composite Stock Price Index fell 231-point-42 points, or three-point-29 percent, on Friday to open at six-thousand-802-point-five. The tech-heavy KOSDAQ dropped 20-point-one points, or two-point-39 percent, to 816-point-91 as of 9 a.m.[more...] KOSPI Opens 3.29% Lower on Friday…...
Minister in US to Finalize Negotiations on First Investment Project
2+ day, 21+ hour ago (114+ words) [Politics]: Industry Minister Kim Jung-kwan has arrived in the United States to finalize negotiations for South Korea's pledged investment in America. After landing at Newark Liberty International Airport in New Jersey on Thursday, Kim told South Korean reporters that he…...
WSJ: S. Korea Nearing Agreement on US Investment
3+ day, 12+ hour ago (106+ words) [International]: South Korea is reportedly nearing an agreement with the United States on its first major investment project under a trade deal reached last year, with more than 100 billion dollars expected to be invested in the U.S. energy sector. The Wall…...
Gender Minister Nominee Reaffirms Commitment to Retain Assembly Seat
3+ day, 12+ hour ago (104+ words) [Politics]: Gender Minister nominee Yong Hye-in has reaffirmed her intention to retain her National Assembly seat even after joining the Cabinet and resisted calls to resign. During a press briefing at the National Assembly on Thursday, Yong emphasized that the…...