US and Asia allies push for new panel to monitor North Korea sanctions
By Hyonhee Shin SEOUL (Reuters) – The U.S., South Korea and Japan are pushing for a new multi-national panel of experts, possibly outside the U.N., to ensure sanctions enforcement against North Korea…
US amphibious assault ship joins drills in South Korea
By Soo-hyang Choi BUSAN, South Korea (Reuters) – South Korean and U.S. troops launched their largest amphibious landing drills in years involving a U.S. amphibious assault ship, officials said on Thursday, a…
North Korea doesn’t appear poised for imminent nuclear test, U.S. official says
By Phil Stewart WASHINGTON (Reuters) – North Korean leader Kim Jong Un does not appear poised to carry out a nuclear test during U.S.-South Korea military exercises, but the United States is…
South Korea vows swift market stabilisation measures if needed
SEOUL (Reuters) – South Korea’s finance minister said on Thursday the economic and financial policy authorities would keep closely monitoring the markets situation and take stabilisation measures if needed. Minister Choo Kyung-ho…
South Korea, US to hold largest live-fire drills amid North Korea tension
By Hyonhee Shin SEOUL (Reuters) – South Korean and U.S. forces will hold their largest-ever live-fire exercises in June in a show of force to North Korea, which has ratcheted up tension…
South Korea takes step to cut homeowners’ tax as housing prices tumble
SEOUL (Reuters) – South Korea has sharply lowered official reference housing prices for this year, which will result in a large fall in taxes for homeowners, as the government has been trying…
US, China, Russia argue over North Korea at United Nations
By Michelle Nichols UNITED NATIONS (Reuters) – The United States, China and Russia argued during a United Nations Security Council meeting on Monday over who was to blame for spurring North Korea’s…
North Korea Drills ‘Nuclear Counterattack,’ Appears To Launch Missile From Silo
North Korea Drills ‘Nuclear Counterattack,’ Appears To Launch Missile From Silo Micaela Burrow on March 20, 2023 North Korean dictator Kim Jong Un oversaw drills simulating a tactical nuclear counterattack, including launching…
China’s exports to North Korea more than double in Jan-Feb on agricultural shipments
BEIJING (Reuters) – China’s overall exports to North Korea more than doubled in the first two months of 2023 from a year earlier, with major exports including granulated sugar, soybean oil and…
North Korea Says It Aimed To ‘Strike Fear Into The Enemies’ With Latest Missile Test
North Korea Says It Aimed To ‘Strike Fear Into The Enemies’ With Latest Missile Test Nino Cambria on March 17, 2023 North Korea claimed Friday that its Thursday intercontinental ballistic missile (ICBM)…
Factbox-What Japan, South Korea leaders achieved at first working meeting in 12 years
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol met on Thursday in Tokyo, aiming to thaw years of diplomatic tension. It was the first visit…
South Korea BOK member calls for closer watch of core inflation
SEOUL (Reuters) – One of the Bank of Korea’s board members said on Thursday that core inflation should be watched more closely than the headline indicator for the time being to better…
South Korea considering asking banks to build more capital buffers
SEOUL (Reuters) – South Korea is considering requiring banks to hold more capital as part of efforts to make the banking system better prepared for financial instability, the top financial regulatory agency…
Analysis-China, North Korea loom large as South Korea and Japan try to make amends
By Josh Smith and Ju-min Park SEOUL (Reuters) – South Korea’s willingness to resolve historical disputes in the name of improving relations with Japan is largely driven by concerns over North Korea’s…
South Korea home prices fall again in Feb, but pace moderates
SEOUL (Reuters) – South Korea’s home prices fell for a ninth consecutive month in February but the pace of declines slowed for a second month following a series of government measures aimed…
South Korea import prices fall in Feb for first time in two years
SEOUL (Reuters) – South Korea’s import prices for February fell in annual terms for the first time in two years on weaker oil prices, central bank data showed on Tuesday. The country’s…
North Korea says it defused US Korean War bombs at Pyongyang apartment site
By Josh Smith SEOUL (Reuters) – Workers at an apartment construction site in the North Korean capital, Pyongyang, have discovered more than 110 bombs, shells, mines, grenades and other explosives that it…
South Korea Jan. current account logs record monthly deficit
SEOUL (Reuters) – South Korea’s current account logged a record deficit in January, central bank data showed on Friday, as exports of goods slumped and overseas travel increased. The country’s current account…
South Korea to reactivate FX swap between pension fund, cenbank
By Yena Park and Jihoon Lee SEOUL (Reuters) -South Korea’s finance minister said on Thursday foreign exchange authorities were in talks to reactivate market stabilizing measures, including a foreign exchange swap programme…
Bank of Korea expects monetary tightening to weigh more heavily on growth this year
SEOUL (Reuters) – South Korea’s central bank said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on economic growth this year than in 2022.…
Kim Jong Un’s Sister Threatens US, South Korea Over Recent Joint Military Drills
In a separate statement, North Korea’s foreign ministry called the B-52 flyover a reckless provocation, according to the AP. “There is no guarantee that there will be no violent physical conflict,” should…
South Korea revised Q4 GDP -0.4% q/q, matching earlier estimate
SEOUL (Reuters) – South Korea’s economy contracted 0.4% in the fourth quarter from a quarter earlier, revised central bank data showed on Tuesday, matching its advance estimate released in January. The contraction…
South Korea, Japan near landmark deal on wartime labour dispute – media
SEOUL/TOKYO (Reuters) – South Korea and Japan may be near resolving a dispute over colonial-era forced labour that has overshadowed political and trade relations between the two neighbours, with media reports saying…
South Korea February factory activity shrinks for eighth month
SEOUL (Reuters) – South Korea’s factory activity contracted for an eighth month in February, a survey showed on Thursday, highlighting weak domestic and global economic conditions even though the downturn in output…
South Korea Feb exports to fall at milder pace thanks to calendar effects
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely fell in February for a fifth straight month, dragged down by weak China-bound shipments, a Reuters survey showed on Monday, although the…
North Korea paper calls outside aid ‘poisoned candy’, urges self-reliance
By Hyonhee Shin SEOUL (Reuters) – North Korea’s official newspaper said on Wednesday that relying on external aid to cope with food shortages would be equal to taking “poisoned candy”, urging economic…
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