After election rout, compromise may better serve South Korea’s combative president
By Hyonhee Shin and Ju-min Park SEOUL (Reuters) – After rising to power by embracing uncompromising and sometimes combative politics, South Korea’s President Yoon Suk Yeol may have to rethink his signature…
Factbox-North Korea’s expanding missile capabilities
By Josh Smith SEOUL (Reuters) – This week’s rare North Korean test flight, which sent a missile soaring over Japan, underscored the nuclear-armed state’s rapidly advancing arsenal amid stalled denuclearisation talks. Tuesday’s…
Yoon asks Biden to resolve South Korea’s concerns over Inflation Reduction Act -Yonhap
SEOUL (Reuters) – South Korean President Yoon Suk-yeol has asked his U.S. counterpart Joe Biden to resolve Seoul’s concerns over the recently passed U.S. Inflation Reduction Act, Yonhap news agency reported on…
South Korea’s August jobless rate hits record low
SEOUL (Reuters) – South Korea’s unemployment rate fell to a record low in August, while employed people increased for an 18th straight month, government data showed on Friday. The country’s seasonally adjusted…
Korea’s SK invests $100 million in EV-focused startup Atom Power
By Paul Lienert DETROIT (Reuters) – Korea’s SK Inc has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric vehicle (EV) charging experience in the United…
South Korea’s Kakao drops plan to sell stake in taxi-hailing unit
SEOUL (Reuters) – South Korean tech conglomerate Kakao Corp said on Thursday it is no longer exploring plans to sell about 10% of unit Kakao Mobility after objections from unionised employees and…
Biden, chairman of South Korea’s SK Group to meet virtually on Tuesday
WASHINGTON/SEOUL – U.S. President Joe Biden will meet virtually on Tuesday with the chairman of South Korean conglomerate SK Group to discuss the company’s investments in American manufacturing and jobs, the White…
Contract workers striking at South Korea’s Daewoo shipyard reach agreement – Yonhap
SEOUL – Daewoo Shipbuilding & Marine Engineering has reached an agreement with striking contract workers, Yonhap news agency reported on Friday, in a dispute which the shipbuilder said had cost it more…
U.S. Treasury’s Yellen to meet South Korea’s Yoon on final leg of Asia trip
NUSA DUA, Indonesia – U.S. Treasury Secretary Janet Yellen will meet with South Korean President Yoon Suk-yeol and other senior officials in Seoul on Tuesday as she wraps up her first visit…
Korea’s Posco to invest $136 million in Mexican plant by 2030, Mexico says
MEXICO CITY – South Korean steelmaker Posco will by 2030 invest $136 million in a plant in the Mexican town of Ramos Arizpe in the northern border state of Coahuila, Mexico’s foreign…
North Korea’s Kim says COVID ‘great turmoil’, 21 new deaths reported
By Heekyong Yang and Jack Kim SEOUL -North Korean leader Kim Jong Un said on Saturday the spread of COVID-19 had thrust his country into “great turmoil” and called for an all-out…
Exclusive-South Korea’s CJ CheilJedang puts Brazil soy crusher CJ Selecta up for sale, sources say
By Ana Mano SAO PAULO – The South Korean owner of Brazilian soy processor CJ Selecta has put the company up for sale, drawing interest from large international grain traders, according to…
U.S., Japanese, South Korean officials condemn North Korea’s missile launch -State Dept
WASHINGTON – U.S. Special Representative for North Korea Sung Kim joined Japanese and South Korean officials in condemning Pyongyang’s ballistic missile launch, State Department spokesperson Ned Price said on Friday. Kim held…
South Korea’s Posco to invest $4 billion in lithium project in Argentina
BUENOS AIRES – South Korean steelmaker Posco said on Monday it will invest $4 billion in a new lithium mining project in Argentina, as the company seeks to tap into soaring demand…
Explainer-Why North Korea’s satellite launches are so controversial
By Josh Smith SEOUL – North Korea appears preparing to launch a reconnaissance satellite, a move that may prove as controversial as the nuclear-armed country’s weapons tests because they use the same…
South Korea’s Hyundai Motor to take a fresh crack at Japan sales
By Tim Kelly and Maki Shiraki TOKYO – South Korea’s Hyundai Motor Co said on Tuesday it is returning to Japan 12 years after leaving because of poor sales, as growing demand…
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