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…
United States, South Korea to partner on advanced air mobility development
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) said on Saturday it had agreed to partner with the Korea Office of Civil Aviation (KOCA) future Advanced Air Mobility…
US, South Korea In Talks To Cooperate On Nuclear Operations To Ward Off North Korean Threats
US, South Korea In Talks To Cooperate On Nuclear Operations To Ward Off North Korean Threats Micaela Burrow on January 3, 2023 The U.S. and South Korea are discussing ways to cooperate…
South Korea eases property regulations across capital Seoul
SEOUL (Reuters) – South Korea’s finance ministry said on Tuesday it was easing financial regulations on home buyers in most districts of the capital Seoul, in an effort to support the country’s…
Bank of Korea working hard to ensure economy’s soft landing -governor
SEOUL (Reuters) – South Korea’s central bank governor said on Tuesday the bank will do its best to ensure a soft landing for the economy amid significant internal and external uncertainty. “The…
South Korea Dec factory activity weakens on demand slump, trucker strike – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led…
Bank of Korea chief sees more conflict between goals
SEOUL (Reuters) – The head of South Korea’s central bank said on Sunday it would likely face an increasing conflict between policy goals in 2023 as the effect of the recent aggressive…
North Korea’s Kim calls for new ICBM, greater nuclear arsenal
By Joyce Lee and Hyonhee Shin SEOUL (Reuters) -North Korean leader Kim Jong Un has ordered the development of new intercontinental ballistic missiles and massive production of tactical nuclear weapons to counter…
North Korea Launches At Least One Ballistic Missile On Last Day Of Record-Setting Year
North Korea Launches At Least One Ballistic Missile On Last Day Of Record-Setting Year Micaela Burrow on December 30, 2022 North Korea launched at least one ballistic missile test Saturday local time,…
South Korea to raise electricity prices for Q1 2023 by nearly 10%
SEOUL (Reuters) -South Korea will raise electricity prices for the first quarter of 2023 by 13.1 won per kilowatt-hour, a 9.5% increase that is the highest in four decades, its energy minister…
South Korea Dec inflation steady at 5.0%, as expected
SEOUL (Reuters) – South Korea’s consumer prices in December rose 5.0% from a year earlier, official data showed on Friday, matching market expectations and the pace seen in November. The consumer price…
South Korea Dec exports to fall for third month as China demand still weak- Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely extended their falling streak to a third straight month in December, a Reuters poll showed on Wednesday, with demand from China yet…
South Korea Fires At North Korean Drones Invading Airspace
South Korea Fires At North Korean Drones Invading Airspace Micaela Burrow on December 26, 2022 South Korean warplanes mobilized in response to North Korean drones intruding on their airspace, with one defending…
South Korea scrambles jets as North Korea sends drones over border
By Hyonhee Shin SEOUL (Reuters) -Five North Korean drones crossed into South Korea on Monday and South Korea responded by scrambling jets and attack helicopters and opening fire to try to shoot…
Stronger, faster, higher: How North Korea built a fearsome missile arsenal
By Josh Smith and Vijdan Mohammad Kawoosa (Reuters) – North Korea could hit almost anywhere on earth with a ballistic missile, analysts say, a capability it has honed alongside a wide variety…
North Korea Announces ‘Important’ Milestone In Development Of First Spy Satellite
North Korea Announces ‘Important’ Milestone In Development Of First Spy Satellite Micaela Burrow on December 19, 2022 North Korean said it achieved a milestone in the development of a military spy satellite…
South Korea protests Japan’s island claim in national security strategy
SEOUL (Reuters) – South Korea issued a strong protest against Japan’s territorial claim over disputed islands made in a national security strategy released on Friday while cautiously responding to Tokyo’s plans for…
South Korea pension fund opens up FX hedging limit to maximum 10%
By Jihoon Lee SEOUL (Reuters) -South Korea’s mammoth state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero up to now, the welfare…
South Korea authorities to continue efforts to stabilise markets -finance minister
SEOUL (Reuters) – South Korea’s finance minister said on Thursday that local financial markets have comparably stabilised recently, while reaffirming that authorities will continue to take measures for the markets to further…
Bank of Korea board members called for closer watch on market instability
SEOUL (Reuters) – Most of the Bank of Korea’s policy board members called for closer attention toward signs of stress in local financial markets while agreeing to a rate hike at their…
Goods pile up in North Korea after trains resume from Russia, think-tank says
By Josh Smith SEOUL (Reuters) – Satellite images show goods from Russia appear to be piling up in a North Korean railyard, about a month after trains were reported crossing the border…
South Korea issues second back-to-work order, striking truckers to vote
By Heekyong Yang and Ju-min Park SEOUL (Reuters) -South Korea ordered truckers in the steel and petrochemical industries to end their strike on Thursday, widening a back-to-work decree beyond the cement industry…
Bank of Korea: will adjust policy when more certain of inflation easing
SEOUL (Reuters) – South Korea’s central bank said on Thursday it would change its aggressive policy tightening stance when it becomes more certain that inflation and economic growth are slowing, without giving…
Automakers, South Korea urge U.S. to tap commercial EV tax credit
By David Shepardson WASHINGTON (Reuters) – Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to boost consumer EV access, a…
U.S. State Department approves potential sale of Chinook helicopters to South Korea – Pentagon
(Reuters) – The U.S. State Department has approved the potential sale of Chinook helicopters and related equipment to South Korea in a deal valued at an estimated $1.5 billion, the Pentagon said…
U.S. Fed Reserve Board ends enforcement action against Industrial Bank of Korea
NEW YORK (Reuters) -The Federal Reserve Board on Tuesday said it is terminating an enforcement action against Industrial Bank of Korea (IBK) over previous deficiencies in the bank’s risk management and anti-money…
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