The South Korean government wants the US to endorse its initiative to rebuild ties with North Korea, the Washington Post said Friday, citing the leader of South Korea’s ruling Democratic Party. Seoul is eager to pick up the momentum for diplomacy with Pyongyang by using the hotlines that the two Koreas reconnected a week ago. The North, which severed them a year ago, had reached out to the South, which sees an opportunity to resume what it calls a trust-building process to revive inter-Ko

South Korean Foreign Minister Chung Eui-yong is expected to meet virtually with Southeast Asian foreign ministers Friday and ask for their support in building lasting peace on the Korean Peninsula, as the two Koreas seek to repair ties over recently reconnected hotlines. North Korea is also attending the ASEAN Regional Forum, which brings together top envoys from the 10-member Association of South East Asian Nations and their counterparts from 17 countries, including the US and EU. But North

KakaoBank became the largest financial company in South Korea by market capitalization with its market debut Friday, although its share price failed to meet expectations of hitting the daily upper limit. Shares of the country’s biggest mobile-only bank began trading at 53,700 won ($46.98), 37.7 percent higher than its initial public offering price of 39,000 won. It later rose a further 26 percent to 68,000 won during the morning trade, far less than the market expectation of reaching t