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Korea

South Korea, Japan near landmark deal on wartime labour dispute – media

March 5, 2023
South korea, japan near landmark deal on wartime labour dispute - media - photo licensed by shore news network.

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 …

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South Korea February factory activity shrinks for eighth month

March 1, 2023
South korea february factory activity shrinks for eighth month - photo licensed by shore news network.

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 …

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South Korea Feb exports to fall at milder pace thanks to calendar effects

February 27, 2023
South korea feb exports to fall at milder pace thanks to calendar effects - photo licensed by shore news network.

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 …

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North Korea paper calls outside aid ‘poisoned candy’, urges self-reliance

February 21, 2023
North korea paper calls outside aid 'poisoned candy', urges self-reliance - photo licensed by shore news network.

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 …

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Bank of Korea: benefits from China’s recovery to be less than in past

February 21, 2023
Bank of korea: benefits from china's recovery to be less than in past - photo licensed by shore news network.

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, …

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North Korea Issues Explosive Response To US Bomber Drills

February 20, 2023
North korea issues explosive response to us bomber drills - photo licensed by shore news network.

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 …

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South Korea, U.S. stage combined air drill in response to North Korea missile launch

February 19, 2023
South korea, u. S. Stage combined air drill in response to north korea missile launch - photo licensed by shore news network.

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 …

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South Korea looking into bonuses at insurers, card firms – Yonhap

February 16, 2023
South korea looking into bonuses at insurers, card firms - yonhap - photo licensed by shore news network.

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 …

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South Korea defence paper calls North ‘enemy’, estimates plutonium stockpile at 70 kg

February 16, 2023
South korea defence paper calls north 'enemy', estimates plutonium stockpile at 70 kg - photo licensed by shore news network.

By Hyonhee Shin SEOUL (Reuters) – South Korea released its latest defence white paper on Thursday, describing North Korea as its “enemy” for the first …

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South Korea Finance Minister sees inflation easing by April-May

February 9, 2023
South korea finance minister sees inflation easing by april-may - photo licensed by shore news network.

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 …

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North Korea Touts Massive Missile Buildup, Signals Major Nuke Advancements

February 9, 2023
North korea touts massive missile buildup, signals major nuke advancements - photo licensed by shore news network.

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 …

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North Korea calls for strengthened war readiness posture, expanded drills

February 6, 2023
North korea calls for strengthened war readiness posture, expanded drills - photo licensed by shore news network.

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 …

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Exclusive-Record-breaking 2022 for North Korea crypto theft – UN report

February 6, 2023
Exclusive-record-breaking 2022 for north korea crypto theft - un report - photo licensed by shore news network.

By Michelle Nichols UNITED NATIONS (Reuters) – North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of …

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South Korea, Australia central banks renew currency swap agreement

February 6, 2023
South korea, australia central banks renew currency swap agreement - photo licensed by shore news network.

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 …

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Prices of some Tesla models cut in South Korea -official

February 3, 2023
Prices of some tesla models cut in south korea -official - photo licensed by shore news network.

SEOUL (Reuters) – Tesla Inc has cut prices of some of its car models in South Korea, a local Tesla sales official said on Friday, …

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South Korea braces for tough H1, promises support for exports, investment

February 2, 2023
South korea braces for tough h1, promises support for exports, investment - photo licensed by shore news network.

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 …

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North Korea says U.S. drills threaten to turn region into ‘critical war zone’

February 2, 2023
North korea says u. S. Drills threaten to turn region into 'critical war zone' - photo licensed by shore news network.

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 …

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White House: U.S. has no hostile intent toward North Korea

February 1, 2023
White house: u. S. Has no hostile intent toward north korea - photo licensed by shore news network.

WASHINGTON (Reuters) – The White House on Wednesday rejected North Korean accusations that joint military exercises in the region are a provocation and said the …

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South Korea factory activity contracts in January at slightly milder pace – PMI

January 31, 2023
South korea factory activity contracts in january at slightly milder pace - pmi - photo licensed by shore news network.

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 …

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Bank of Korea board cautious on more rate hikes – Jan meeting minutes

January 31, 2023
Bank of korea board cautious on more rate hikes - jan meeting minutes - photo licensed by shore news network.

SEOUL (Reuters) – Most Bank of Korea board members at a Jan. 13 meeting turned cautious about interest rates rises, even though a majority voted …

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South Korea Jan exports to extend falling streak to fourth month: Reuters poll

January 30, 2023
South korea jan exports to extend falling streak to fourth month: reuters poll - photo licensed by shore news network.

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 …

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North Korea slams United States for pledging tanks to Ukraine

January 27, 2023
North korea slams united states for pledging tanks to ukraine - photo licensed by shore news network.

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 …

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South Korea pension fund will deplete faster than expected, report says

January 27, 2023
South korea pension fund will deplete faster than expected, report says - photo licensed by shore news network.

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 …

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Man engaging in lewd act in Korea Town leaves DNA evidence on woman’s back

January 26, 2023
Man engaging in lewd act in korea town leaves dna evidence on woman's back - photo licensed by shore news network.

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 …

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China’s exports to North Korea more than tripled in 2022

January 20, 2023

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 …

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North Korea calls for normalising factories, economy after COVID ‘upheaval’

January 18, 2023
North korea calls for normalising factories, economy after covid 'upheaval' - photo licensed by shore news network.

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 …

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UAE pledges to invest $30 billion in South Korea -Yoon’s office

January 15, 2023January 15, 2023
Uae pledges to invest $30 billion in south korea -yoon's office - photo licensed by shore news network.

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, …

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South Korea seeks to improve foreign access to its markets

January 12, 2023
South korea seeks to improve foreign access to its markets - photo licensed by shore news network.

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 …

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South Korea Dec 2022 unemployment rate rises to 11-month high

January 10, 2023
South korea dec 2022 unemployment rate rises to 11-month high - photo licensed by shore news network.

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 …

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United States, South Korea to partner on advanced air mobility development

January 7, 2023
United states, south korea to partner on advanced air mobility development - photo licensed by shore news network.

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 …

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US, South Korea In Talks To Cooperate On Nuclear Operations To Ward Off North Korean Threats

January 3, 2023
Us, south korea in talks to cooperate on nuclear operations to ward off north korean threats - photo licensed by shore news network.

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 …

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South Korea eases property regulations across capital Seoul

January 3, 2023January 3, 2023
South korea eases property regulations across capital seoul - photo licensed by shore news network.

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, …

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Bank of Korea working hard to ensure economy’s soft landing -governor

January 3, 2023
Bank of korea working hard to ensure economy's soft landing -governor - photo licensed by shore news network.

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 …

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South Korea Dec factory activity weakens on demand slump, trucker strike – PMI

January 1, 2023
South korea dec factory activity weakens on demand slump, trucker strike - pmi - photo licensed by shore news network.

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 …

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Bank of Korea chief sees more conflict between goals

December 31, 2022December 31, 2022
Bank of korea chief sees more conflict between goals - photo licensed by shore news network.

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 …

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North Korea’s Kim calls for new ICBM, greater nuclear arsenal

December 31, 2022

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 …

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North Korea Launches At Least One Ballistic Missile On Last Day Of Record-Setting Year

December 31, 2022
North korea launches at least one ballistic missile on last day of record-setting year - photo licensed by shore news network.

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 …

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South Korea to raise electricity prices for Q1 2023 by nearly 10%

December 30, 2022December 29, 2022

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 …

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South Korea Dec inflation steady at 5.0%, as expected

December 29, 2022
South korea dec inflation steady at 5. 0%, as expected - photo licensed by shore news network.

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 …

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South Korea Dec exports to fall for third month as China demand still weak- Reuters poll

December 28, 2022December 28, 2022
South korea dec exports to fall for third month as china demand still weak- reuters poll - photo licensed by shore news network.

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 …

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South Korea Fires At North Korean Drones Invading Airspace

December 27, 2022
South korea fires at north korean drones invading airspace - photo licensed by shore news network.

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 …

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South Korea scrambles jets as North Korea sends drones over border

December 26, 2022

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 …

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Stronger, faster, higher: How North Korea built a fearsome missile arsenal

December 20, 2022
Stronger, faster, higher: how north korea built a fearsome missile arsenal - photo licensed by shore news network.

By Josh Smith and Vijdan Mohammad Kawoosa (Reuters) – North Korea could hit almost anywhere on earth with a ballistic missile, analysts say, a capability …

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North Korea Announces ‘Important’ Milestone In Development Of First Spy Satellite

December 19, 2022
North korea announces ‘important’ milestone in development of first spy satellite - photo licensed by shore news network.

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 …

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South Korea protests Japan’s island claim in national security strategy

December 16, 2022
South korea protests japan's island claim in national security strategy - photo licensed by shore news network.

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 …

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South Korea pension fund opens up FX hedging limit to maximum 10%

December 16, 2022

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 …

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South Korea authorities to continue efforts to stabilise markets -finance minister

December 14, 2022December 14, 2022
South korea authorities to continue efforts to stabilise markets -finance minister - photo licensed by shore news network.

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 …

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Bank of Korea board members called for closer watch on market instability

December 13, 2022December 13, 2022
Bank of korea board members called for closer watch on market instability - photo licensed by shore news network.

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 …

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Goods pile up in North Korea after trains resume from Russia, think-tank says

December 12, 2022

By Josh Smith SEOUL (Reuters) – Satellite images show goods from Russia appear to be piling up in a North Korean railyard, about a month …

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South Korea issues second back-to-work order, striking truckers to vote

December 8, 2022
South korea issues second back-to-work order, striking truckers to vote - photo licensed by shore news network.

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 …

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