Factbox-What South Korea has done and could do to defend won
SEOUL (Reuters) – South Korea has issued warnings and made various efforts to prop up the won, one of the world’s worst performing major currencies …
Korea
Kamala Harris Says U.S. Shares Alliance With North Korea
U.S. Vice President Kamala Harris had one job this week, to visit the tense Korean Penninsula and reaffirm America’s alliance with South Korea. Instead, she …
Japan, U.S., South Korea to conduct joint navy drills on Friday – Japan MSDF
TOKYO (Reuters) – Naval forces of Japan, the United States and South Korea will conduct joint military drills on Friday, Japan’s Maritime Self-Defense Force (MSDF) …
U.S. VP Harris says she is in South Korea to reinforce strength of alliance
SEOUL (Reuters) – U.S. Vice President Kamala Harris said on Thursday she visited South Korea to reinforce the strength of the two countries’ alliance, as …
South Korea sees Oct.16-Nov.7 window for N.Korea nuclear test
By Soo-hyang Choi and Hyonhee Shin SEOUL (Reuters) – North Korea has completed preparations for a nuclear test and a possible window for carrying it …
Canada, South Korea seek deeper cooperation on critical minerals
By Steve Scherer OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau and South Korean President Yoon Suk-yeol on Friday agreed to deepen cooperation on critical …
South Korea plans reforms to tackle ‘Korea discount’ for its stocks
By Joori Roh SEOUL (Reuters) – South Korea plans to announce financial reforms later this year, including its policy on shareholder returns, that could help …
Japan, U.S. eyeing summit around Sept 20 on China, North Korea issues – Kyodo
TOKYO (Reuters) – Japan and the United States are working on arranging a summit between Prime Minister Fumio Kishida and President Joe Biden in New …
U.S. seeks diplomacy with North Korea, White House says
WASHINGTON (Reuters) – The United States has made clear it has no hostile intent toward North Korea and continues to seek diplomacy with the country, …
Moscow seeking Iran, North Korea arms? Show us proof, says Russia
By Michelle Nichols UNITED NATIONS (Reuters) – Russia demanded at the United Nations on Thursday that the United States and Britain provide evidence to support …
U.S., South Korea revive talks on ‘comprehensive’ ways to deter North Korea
By Josh Smith SEOUL (Reuters) – American and South Korean officials will meet next week to discuss “comprehensive measures” to deter North Korea, Seoul said …
Explainer-What weapons could North Korea send to Russia?
By Josh Smith SEOUL (Reuters) – Russia could be about to buy millions of artillery shells and rockets from old Cold-War ally North Korea, the …
Lone Star disappointed in amount of award over dispute with South Korea
SEOUL (Reuters) – U.S. private equity firm Lone Star Funds said it was disappointed in the amount an international tribunal ordered South Korea to pay …
South Korea presses concerns over U.S. EV tax credit reform
WASHINGTON (Reuters) – Korean Deputy Trade Minister Ahn Sung-il raised concerns on Tuesday with the Biden administration over the revamped $7,500 electric vehicle tax credit …
Bank of Korea to raise rates on Thursday as price pressures mount – Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – South Korea’s central bank will raise its key interest rate again on Thursday to fight inflation, according to a …
North Korea imports of Chinese masks, gloves surged before declaring COVID victory
BEIJING (Reuters) – North Korea imported more than 1 million facial masks and 15,000 pairs of rubber gloves from China in July, shortly before declaring …
Blinken reaffirms U.S. commitment to defend South Korea and Japan -State Dept
WASHINGTON (Reuters) – Secretary of State Antony Blinken reaffirmed the United States’ “ironclad commitment” to the defense of South Korea and Japan in a call …
Donbas separatist leader urges cooperation with North Korea – KCNA
By Josh Smith SEOUL (Reuters) – North Korea and the Russian-backed separatist Donetsk region of Ukraine will develop “equally beneficial bilateral cooperation”, Donetsk leader Denis …
UN chief pledges support for denuclearization of North Korea
SEOUL – In Seoul for meetings with South Korean leaders, United Nations Secretary-General Antonio Guterres on Friday said he fully supports efforts to completely denuclearize …
North Korea denounces Pelosi for deterrence talks during S.Korea visit
SEOUL – North Korea denounced U.S. House of Representatives Speaker Nancy Pelosi on Saturday for supporting deterrence against North Korea during her visit to South …
North Korea ‘paves the way’ for more nuclear tests, U.N. report says
By Michelle Nichols UNITED NATIONS – North Korea made preparations for a nuclear test during the first six months of this year, according to an …
South Korea July factory activity weakens for first time in 2 years – PMI
SEOUL – South Korea’s factory activity shrank in July for the first time in nearly two years, as output and new orders weakened amid continued …
S. Korea central bank member affirms tightening outlook, notes downside risks
SEOUL – A South Korean central-bank board member affirmed on Wednesday that interest rates should rise further but added that increases should be gradual, since …
South Korea plans financial tool to head off crises
SEOUL – South Korea’s top financial regulator unveiled on Tuesday a draft plan for supporting distressed financial companies to prevent failures, rather than waiting to …
GM’s South Korea unit resumes production at two factories
SEOUL – General Motors Co’s South Korea unit has resumed production at its two factories in the country this week following a production halt that …
China to extend anti-dumping duties on steel product from Japan, South Korea, and EU
(Reuters) -China will extend anti-dumping duties on grain oriented flat-rolled electrical steel imported from Japan, South Korea, and the European Union, the country’s ministry of …
GM’s South Korea unit suspends production at two factories over procurement issues
SEOUL – General Motors Co’s South Korea unit has suspended production at its two factories in the country following a local supplier’s refusal to supply …
South Korea central bank vows to strengthen monitoring of financial stability risks
SEOUL – South Korea’s central bank said on Monday it will step up monitoring of the impact of higher interest rates on the stability of …
Factbox: South Korea, Japan seek reset on decades of historical disputes
SEOUL – Efforts to resolve historical disputes between South Korean and Japan have been renewed under new South Korean President Yoon Suk-yeol, with both countries …
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, …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …