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Russian cultural delegation visits N. Korea amid deepening ties
A Russian delegation led by Moscow's vice culture minister has arrived in Pyongyang, state media said Tuesday, as the two nations have been strengthening their ties following a rare summit of their leaders in September. The delegation led by Russia's Vice Culture Minister Andrei Maluishev arrived in the North the previous day on the occasion of the 75th anniversary of a bilateral agreement on economic and cultural cooperation, the North's Korean Central News Agency said. The deleg
North Korea March 19, 2024
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S. Korea, OECD launch joint research programs on financial issues
South Korea and the Organization for Economic Cooperation and Development have launched a multiyear joint research project on budgeting and other financial issues in the face of low birth rate and rapid aging as common global challenges, Seoul's finance ministry said Tuesday. South Korea's Second Vice Finance Minister Kim Yoon-sang and the OECD's Deputy Secretary-General Yoshiki Takeuchi attended a ceremony to mark the launch of the joint international studies held in Paris on Mon
Social Affairs March 19, 2024
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S. Korea to provide W420tr won in policy loans for carbon emission reduction by 2030
South Korea's financial regulator unveiled an ambitious plan Tuesday to provide 420 trillion won ($315 billion) in policy loans by 2030 to help reduce greenhouse gas emissions. Seoul has pledged to reduce its greenhouse gas emissions by 37 percent from business-as-usual levels. "There exist concerns that the global competitiveness of our exporters may dwindle should we fail to take appropriate steps to meet the increasing emissions-related regulations in other countries," the Fina
Economy March 19, 2024
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Dodgers' Opening Day starter hoping to see S. Korean style cheering in Los Angeles
While his Los Angeles Dodgers played their two exhibition games in Seoul to prepare for their regular season openers, starting pitcher Tyler Glasnow got a close look at what the South Korean style of cheering is all about. And the American right-hander quickly became a fan of it. In a typical Korea Baseball Organization game, there are cheering teams on either side of the diamond, with the home team usually taking the stage on the first base side and the road team setting up shot on the third ba
Baseball March 19, 2024
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Seoul shares open lower ahead of FOMC meeting
South Korean stocks started lower Tuesday as investors awaited the US Federal Open Market Committee's meeting this week. The benchmark Korea Composite Stock Price Index lost 27.32 points, or 1.02 percent, to 2,658.52 in the first 15 minutes of trading. Overnight, the US stock market closed higher, mainly led by tech shares, with the Dow Jones Industrial Average rising 0.2 percent and the Nasdaq Composite advancing 0.82 percent. The FOMC is set to start its two-day rate-setting meeting Tuesd
Market March 19, 2024
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NK leader guides firing drills involving super-large multiple rocket launchers
North Korean leader Kim Jong-un has guided firing drills involving super-large multiple rocket launchers and called for perfecting readiness to collapse the capital of the enemy with the "core striking means," state media said Tuesday. On the previous day, Kim oversaw the "salvo" drills of artillery units in the country's western region using the 600mm multiple launch rocket system, according to the Korean Central News Agency. The South Korean military said Monday it detected
North Korea March 19, 2024
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Dodgers beat S. Korea in final exhibition before MLB opener in Seoul
The Los Angeles Dodgers rallied past South Korea 5-2 to win their second straight exhibition game in Seoul on Monday, with the regular season opener against the San Diego Padres on the horizon. The Dodgers scored three times in the bottom of the third to turn a 2-1 deficit into a 4-2 lead at Gocheok Sky Dome in Seoul, before adding an insurance run in the seventh. The Dodgers and the Padres will then open the 2024 Major League Baseball (MLB) regular season at Gocheok on Wednesday, with another g
Baseball March 18, 2024
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Blinken says US will always work with S. Korea against NK provocations
US Secretary of State Antony Blinken said Monday the United States will always work with South Korea to firmly respond to North Korea's provocations, according to the presidential office, after Pyongyang fired multiple short-range ballistic missiles toward the East Sea. Blinken made the remark during a meeting with President Yoon Suk Yeol on the sidelines of the third Summit for Democracy hosted by South Korea this week. "Secretary Blinken said the United States will always be with Sou
Foreign Affairs March 18, 2024
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N. Korean leader congratulates Putin on reelection
North Korean leader Kim Jong-un on Monday congratulated Russian President Vladimir Putin for being reelected as Moscow's leader, state media said, amid deepening military cooperation between the two nations. Putin won a landslide victory in Russia's election Sunday for a fifth term in office, which will extend his 24-year rule for another six years. "I am firmly convinced that, under your energetic and correct guidance, the Russian people will surely win victory in the cause of ..
North Korea March 18, 2024
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Taiwanese minister attends democracy summit amid China's opposition
Taiwan's digital minister on Monday virtually attended a session of the third Summit for Democracy in Seoul amid Chinese opposition against inviting Taiwanese officials to the gathering. In a video message, Taiwan's Minister of Digital Affairs Audrey Tang participated in the session, stressing the risk of cyberattacks in elections around the globe this year. "Bad actors in the pay of authoritarians pulled out all stops, coming close to poisoning our information climates and interf
Foreign Affairs March 18, 2024
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Defense chief reaffirms current size of US troops in S. Korea 'absolutely necessary'
South Korea's Defense Minister Shin Won-sik on Monday reaffirmed that the current size of US troops stationed in the country is "absolutely necessary" after a former top Pentagon official questioned the need for such a presence. Christopher Miller, who served as the acting secretary of defense under the former Donald Trump administration, said in a recent local media interview that it was time to discuss whether South Korea still needs 28,500 American troops or if change was neede
Defense March 18, 2024
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Top diplomats of S. Korea, Indonesia agree to continue cooperation on delayed fighter jet project
SEOUL, March 18 (Yonhap) -- The top diplomats of South Korea and Indonesia reaffirmed their commitment to work on the joint development of the KF-21 fighter jet delayed due to Jakarta's suspended payment, Seoul's foreign ministry said Monday. The discussions between Foreign Minister Cho Tae-yul and his Indonesian counterpart, Retno Marsudi, were held earlier in the day on the margins of the third Summit for Democracy hosted by South Korea. Indonesia has agreed to shoulder about 20 pe
Foreign Affairs March 18, 2024
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Health ministry sends final notice of license suspension to 2 leaders of doctors' group
The health ministry has sent a final notice of license suspension to two leaders of a lobby group of senior doctors, the two doctors said Monday, marking the first formal suspension of a license since trainee doctors walked off their job in protest of a plan to increase the number of medical students. The final notice was sent to Park Myung-ha and Kim Taek-woo, leaders of an emergency committee at the Korea Medical Association, Park told Yonhap News Agency by telephone. "I have received a
Social Affairs March 18, 2024
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S. Korean stocks close higher ahead of US Fed meeting
South Korean stocks closed slightly higher Monday ahead of a US Fed meeting where investors believe signs of a possible rate cut down the road may emerge. The local currency lost ground against the US dollar. The benchmark Korea Composite Stock Price Index gained 19.00 points, or 0.71 percent, to close at 2,685.84. Trade volume was moderate at 401 million shares worth 9.35 trillion won ($7 billion), with losers outnumbering gainers 439 to 434. Institutions were the sole buyers, net purchasing 22
Market March 18, 2024
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US condemns N. Korea's ballistic missile launches
The United States on Sunday condemned North Korea's ballistic missile launches this week as a violation of multiple UN Security Council resolutions, and called for the recalcitrant regime to return to dialogue. South Korea's Joint Chiefs of Staff said that the North fired multiple short-range ballistic missiles toward the East Sea on Monday morning, days after Seoul and Washington concluded their major springtime military exercise. "The United States condemns the DPRK's March
North Korea March 18, 2024
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