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…
South Korea steps up security after Abe killing, U.S. ambassador due at LGBTQ parade
By Soo-hyang Choi SEOUL – South Korea is beefing up security for high-profile figures in light of the assassination of Japan’s former premier Shinzo Abe, officials said on Tuesday, including for an…
Bank of Korea to hike rates by historic 50 bps – Reuters poll
By Shaloo Shrivastava and Cynthia Kim (Reuters) – South Korea’s central bank will deliver its first-ever 50 basis point rate rise to 2.25% on Wednesday, turning up the heat on a rate-hiking…
South Korea unveils $625 million in steps to fight “emergency” inflation situation
SEOUL – South Korean President Yoon Suk-yeol said on Friday the current economic conditions constituted an emergency situation and ordered his government to devise all available measures to ease the burden on…
Vietnam, South Korea aim to boost trade to $100 billion next year
HANOI – Vietnam and South Korea aim to raise the value of bilateral trade between the countries to $100 billion next year and to $150 billion by 2030, up from $78 billion…
Hyundai Motor’s South Korea trade union aims to resume annual wage talks
By Heekyong Yang SEOUL – The union that represents Hyundai Motor Co’s South Korean workers said on Tuesday it plans to resume a week of wage talks with management on Wednesday, staving…
South Korea President vows to reform public enterprises
SEOUL – South Korea President Yoon Suk-yeol on Tuesday said the government will aggressively cut expenditure and sell assets at public enterprises to better allocate public spending for growing welfare demand. Speaking…
North Korea says U.S.-South Korea-Japan agreement materialises U.S. plan for ‘Asian NATO’
SEOUL – North Korea criticised the United States, South Korea and Japan’s recent agreement on strengthening military cooperation to be a means to materialise a U.S. plan for a military alliance like…
North Korea says U.S. is setting up Asian NATO; vows stronger defence
By Hyonhee Shin SEOUL – North Korea has accused the United States of setting up a military alliance like NATO in Asia, saying the unwavering U.S. aim to oust North Korea’s government…
South Korea reports first confirmed monkeypox case, steps up monitoring
By Joori Roh SEOUL – South Korea on Wednesday confirmed its first case of monkeypox virus and pledged to strengthen monitoring and response systems as it raised the alert level to “caution”…
Bank of Korea raises inflation forecasts, will review ‘big step’ hikes
By Cynthia Kim and Jihoon Lee SEOUL – South Korea’s central bank on Tuesday said it expects inflation will be higher than earlier projected and that it would closely assess debt repayment…
Biden adviser Sullivan raised concerns with China over North Korea
By Michael Martina WASHINGTON – U.S. national security adviser Jake Sullivan has raised concerns with China’s top diplomat Yang Jiechi over Beijing’s veto at the United Nations of a U.S.-led push to…
Amid criticism, North Korea takes over as U.N. disarmament president
By Emma Farge GENEVA – North Korea, which is under sanctions for developing nuclear weapons in defiance of United Nations Security Council Resolutions, has taken over as head of a U.N. body…
South Korea May factory growth slows as output, export orders shrink – PMI
SEOUL – South Korea’s factory activity growth slowed in May, as output and export orders contracted amid supply-chain disruptions due to China’s COVID-19 lockdown measures, a private-sector survey showed on Thursday. The…
South Korea exports growth accelerates in May, China curbs hurt
By Cynthia Kim SEOUL – South Korea’s exports grew at a faster pace in May than a month earlier as a rise in shipments to Europe and United States more than offset…
U.S. will again urge U.N. sanctions if North Korea carries out nuclear test
By Michelle Nichols UNITED NATIONS – The United States will again push for more U.N. sanctions on North Korea if it carries out a seventh nuclear test, despite opposition by China and…
South Korea, U.S. security advisers hold talks after N.Korea fires salvo of missiles
WASHINGTON – U.S. National Security Adviser Jake Sullivan spoke by phone with South Korea National Security Adviser Kim Sung-han to discuss North Korea’s launch of three ballistic missiles, the White House said…
Bank of Korea to raise rates again on May 26, to hit 2.25% by year end – Reuters poll
By Shaloo Shrivastava BENGALURU – South Korea’s central bank is likely to hike its benchmark rate at a second consecutive meeting on Thursday to combat inflation running at more than double its…
Biden arrives in South Korea for talks with President Yoon
OSAN AIR BASE, South Korea – U.S. President Joe Biden arrived in South Korea on Friday, the first leg of his first trip to Asia as president. Biden was greeted at the…
North Korea COVID outbreak could have ‘devastating’ impact on human rights -UN office
LONDON -Measures taken in North Korea to fight the first reported COVID-19 outbreak could have “devastating” consequences for human rights in the country, a spokesperson for the U.N. human rights office said…
South Korea drafts $46 billion extra budget to help COVID-hit businesses
SEOUL – South Korea unveiled plans on Thursday to pay more than $20 billion to small businesses and self-employed people to make up for losses due to COVID restrictions. The first supplementary…
Beijing concerned with rising North Korea tensions, envoy says in Seoul
By Josh Smith SEOUL – Beijing is concerned about the tense situation on the Korean peninsula, China’s Korean affairs envoy said as he arrived for talks in Seoul this week, adding that…
U.S. Attorney Announces Charges Against Two European Citizens For Conspiring With A U.S. Citizen To Assist North Korea In Evading U.S. Sanctions
Damian Williams, the United States Attorney for the Southern District of New York, Matthew G. Olsen, the Assistant Attorney General for National Security, and Michael J. Driscoll, the Assistant Director-in-Charge of the…
North Korea boasts of ‘invincible power’ world cannot ignore ahead of holiday
By Josh Smith SEOUL – North Korean state media on Sunday trumpeted how the country has gained an “invincible power that the world cannot ignore and no one can touch” under Kim…
China exports to North Korea surge with edible oil, wheat flour in demand as trade resumes
BEIJING – China’s exports to North Korea surged in January-March with sales of edible oil, wheat flour and pharmaceutical compounds to its reclusive neighbour sky-rocketing after a COVID-induced pause, Chinese customs data…
South Korea official signals leaflet balloons might again float over the North
By Hyonhee Shin SEOUL – A South Korean official likely to oversee North Korean ties said on Thursday he opposed a ban on sending propaganda into North Korea, signalling the possible return…
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