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…
Bank of Korea: benefits from China’s recovery to be less than in past
SEOUL (Reuters) – South Korea’s central bank said the economy would benefit from the end of China’s zero-COVID policy, thanks to strengthened exports and tourism, but added that positive effects from China’s…
North Korea Issues Explosive Response To US Bomber Drills
North Korea Issues Explosive Response To US Bomber Drills Micaela Burrow on February 20, 2023 North Korea fired two short-range ballistic missiles into the sea Monday morning in a tit-for-tat response to…
South Korea, U.S. stage combined air drill in response to North Korea missile launch
SEOUL (Reuters) – South Korea and the United States held a combined air drill involving a U.S. strategic bomber on Sunday in response to North Korea’s launch of an intercontinental ballistic missile…
South Korea looking into bonuses at insurers, card firms – Yonhap
SEOUL (Reuters) – South Korea’s financial regulator is looking into bonus schemes at major insurance and credit card companies as the government calls for firms with strong profits to help poor people,…
South Korea defence paper calls North ‘enemy’, estimates plutonium stockpile at 70 kg
By Hyonhee Shin SEOUL (Reuters) – South Korea released its latest defence white paper on Thursday, describing North Korea as its “enemy” for the first time in six years and reporting an…
South Korea Finance Minister sees inflation easing by April-May
SEOUL (Reuters) – South Korea’s finance minister reaffirmed on Friday his view that consumer prices would ease around the April-May months, a week after data showed the country’s annual inflation had unexpectedly…
North Korea Touts Massive Missile Buildup, Signals Major Nuke Advancements
North Korea Touts Massive Missile Buildup, Signals Major Nuke Advancements Micaela Burrow on February 9, 2023 North Korea showed off a massively expanded intercontinental ballistic missile (ICBM) arsenal capable of ferrying nuclear…
North Korea calls for strengthened war readiness posture, expanded drills
By Soo-hyang Choi SEOUL (Reuters) -North Korean leader Kim Jong Un pledged to expand military drills and beef up the country’s war readiness posture, state media reported on Tuesday, as Pyongyang prepares…
Exclusive-Record-breaking 2022 for North Korea crypto theft – UN report
By Michelle Nichols UNITED NATIONS (Reuters) – North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies, according to…
South Korea, Australia central banks renew currency swap agreement
SEOUL (Reuters) – South Korea’s central bank said it renewed on Monday a currency swap agreement with its Australian counterpart, valued at 9.6 trillion won or A$12 billion, for five years until…
Prices of some Tesla models cut in South Korea -official
SEOUL (Reuters) – Tesla Inc has cut prices of some of its car models in South Korea, a local Tesla sales official said on Friday, the second straight month the U.S. electric…
South Korea braces for tough H1, promises support for exports, investment
SEOUL (Reuters) – South Korea’s finance minister said on Friday the country’s exports and investment would be weak at least through the first half of the year and that the government would…
North Korea says U.S. drills threaten to turn region into ‘critical war zone’
By Josh Smith SEOUL (Reuters) -North Korea said on Thursday that drills by the United States and its allies have reached an “extreme red-line” and threaten to turn the peninsula into a…
White House: U.S. has no hostile intent toward North Korea
WASHINGTON (Reuters) – The White House on Wednesday rejected North Korean accusations that joint military exercises in the region are a provocation and said the United States has no hostile intent toward…
South Korea factory activity contracts in January at slightly milder pace – PMI
SEOUL (Reuters) – South Korea’s factory activity contracted for a seventh straight month in January, a business survey showed on Wednesday, amid weak global demand and soaring COVID-19 infections in China. Still,…
Bank of Korea board cautious on more rate hikes – Jan meeting minutes
SEOUL (Reuters) – Most Bank of Korea board members at a Jan. 13 meeting turned cautious about interest rates rises, even though a majority voted for one on that day, meeting minutes…
South Korea Jan exports to extend falling streak to fourth month: Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s January export data will likely show an annual fall for a fourth straight month, with the pace of decline accelerating amid persistently weak demand…
North Korea slams United States for pledging tanks to Ukraine
SEOUL (Reuters) – North Korea on Saturday denounced U.S. pledges of battle tanks to Ukraine, claiming Washington was “further crossing the red line” to win hegemony by proxy war, state media KCNA…
South Korea pension fund will deplete faster than expected, report says
SEOUL (Reuters) – South Korea’s huge national pension fund is set to see its pool of money depleted by 2055, earlier than expected, because of a shrinking population amid low economic growth,…
Man engaging in lewd act in Korea Town leaves DNA evidence on woman’s back
NEW YORK, NY – A 24-year-old woman in Midtown Manhattan reported her frightening experience to police officers at the New York City Police Department’s Midtown South Precinct on December 30th. Today, police…
China’s exports to North Korea more than tripled in 2022
BEIJING (Reuters) – China’s overall exports to North Korea more than tripled in 2022 from a year earlier as freight train operations between the two countries resumed following a suspension to limit…
North Korea calls for normalising factories, economy after COVID ‘upheaval’
By Hyonhee Shin SEOUL (Reuters) – North Korea’s parliament has outlined plans to normalise industrial production and meet its economic goals this year, despite the “worst-ever upheaval” amid the coronavirus pandemic in…
UAE pledges to invest $30 billion in South Korea -Yoon’s office
SEOUL (Reuters) – The United Arab Emirates (UAE) has decided to invest $30 billion in South Korea’s industries, South Korea’s presidential office said on Sunday, as the two countries seek to expand…
South Korea seeks to improve foreign access to its markets
By Jihoon Lee SEOUL (Reuters) -South Korea will unveil a range of measures in the coming months to open its domestic financial markets, including plans to extend trading hours on the foreign…
South Korea Dec 2022 unemployment rate rises to 11-month high
SEOUL (Reuters) – South Korea’s unemployment rate rose to an 11-month high in December 2022, while the annual increase in employed people marked the smallest in 21 months, official data showed on…
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