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N. Korea could conduct localized provocation on border island: ex-Seoul official
North Korea could undertake localized provocations this year, such as suddenly occupying a South Korean border island, a former senior Seoul official said Tuesday, amid concerns over the possibility of the North's saber-rattling ahead of the April parliamentary elections in the South. Speaking at a forum, Kim Sung-han, who served as President Yoon Suk Yeol's national security adviser from 2022-2023, noted that Pyongyang might undertake "peacetime" provocations that would fall
North Korea Feb. 14, 2024
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Swimming sensation Hwang Sun-woo adds world title to expanding resume
At the ripe age of 20, Hwang Sun-woo has already made plenty of South Korean swimming history. He added another feather to his cap in Doha on Tuesday, as he earned the gold medal in the men's 200-meter freestyle at the World Aquatics Championships. By touching the pad in 1:44.75, Hwang became the first South Korean swimmer to win a medal at three world championships in a row. He won silver in 2022 and bronze in 2023. Danas Rapsys of Lithuania took home the silver medal in 1:45.05, and Luke
More Sports Feb. 14, 2024
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HD Korea Shipbuilding cancels 416.9 bln-won deal for 2 liners
HD Korea Shipbuilding & Offshore Engineering Co. said Tuesday it has canceled a 416.9 billion-won ($313 million) order to build two passenger ships for a New Zealand state ferry operator. The contract was canceled at the request of KiwiRail Holdings Ltd., a New Zealand state-owned enterprise responsible for rail operations and operating interisland ferries, the South Korean shipbuilding giant said in a regulatory filing. HD Korea Shipbuilding had clinched the deal from KiwiRail in 2021, but
Industry Feb. 13, 2024
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NHN net loss narrows in 2023 on lower costs
Major IT company NHN Corp. said Tuesday its net loss narrowed in 2023 from a year earlier thanks mainly to reduced costs. Net loss came to 9 billion won ($6.8 million) last year, compared with a 31.8 billion-won deficit a year earlier, the company said in a regulatory filing. Sales rose 7.3 percent on-year to 2.26 trillion won, with operating income coming to 55.5 billion won, up 42.2 percent from the previous year. NHN said its mobile games division contributed stably to 2023 sales, and it post
Market Feb. 13, 2024
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Seoul shares up for 3rd day on rate cut hopes
Seoul shares closed higher for the third straight session Tuesday amid hopes that the US Federal Reserve will start easing due to continued disinflation. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index added 29.32 points, or 1.12 percent, to close at 2,649.64. Trade volume was moderate at 550.46 million shares worth 12.93 trillion won ($9.7 billion), with gainers outnumbering losers 597 to 285. January's US consumer price index due later Tuesday is
Market Feb. 13, 2024
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S. Korea seeks to raise duty-free allowance limit for alcohol
The customs agency said Tuesday it will push to raise the limit of the duty-free allowance for alcohol to boost travelers' convenience. It is part of the Korea Customs Service's comprehensive plan for 2024, which also includes measures to strengthen the crackdown on drug smuggling and to better support exporters. Under the plan, the agency will review the possible adjustment of the cap on duty-free liquors, which is currently set at 2 liters valued at $400 or less. The government in 20
Social Affairs Feb. 13, 2024
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S. Korea, UAE stage combined anti-terrorism drills
South Korea's military contingent in the United Arab Emirates has conducted its first combined exercise of the year with its host nation's troops, officials said Tuesday, amid efforts to boost military ties. The Akh unit recently staged the exercise in the Middle Eastern country to boost joint capabilities in ground-based and maritime anti-terrorism operations, according to the officials. The two sides held various drills, including those on hostage rescue operations, sniper shooting a
Defense Feb. 13, 2024
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S. Korean football federation to discuss Klinsmann's fate this week
The South Korean football federation will hold a meeting this week to determine the fate of the beleaguered men's national team head coach Jurgen Klinsmann, days after the country's disappointing exit from the top continental tournament. The Korea Football Association announced Monday afternoon that its National Team Committee will hold a postmortem meeting "sometime this week," following South Korea's semifinal elimination at the Asian Football Confederation Asian Cup l
Soccer Feb. 13, 2024
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Appeals court upholds 1 1/2-year prison term for Uzbek for sending money to al-Qaeda-linked terrorist group
An appellate court upheld an 18-month prison sentence for an Uzbek national accused of sending money to a UN-designated terrorist group while residing in South Korea, judicial officials said Tuesday. The Seoul Central District Court confirmed the lower court's ruling on the migrant worker from Uzbekistan, saying the provision of aid to the terrorist group carries a high risk of harming global peace as well as the safety of the country and the public. The 35-year-old was indicted for providi
Social Affairs Feb. 13, 2024
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Exports fall 14.6% from Feb. 1-10; chip sales jump over 40%
South Korea's exports fell nearly 15 percent on-year in the first 10 days of February due mainly to fewer working days, but sales of semiconductors soared more than 40 percent, data showed Tuesday. Outbound shipments reached $15.01 billion in the Feb. 1-10 period, compared with $17.57 billion tallied a year earlier, according to the data from the Korea Customs Service. Per-day exports, however, increased 11.7 percent on-year to $2.31 billion. The number of working days came to 6.5 days duri
Economy Feb. 13, 2024
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Seoul shares open higher amid rate cut hopes
Seoul shares opened higher Tuesday as investors expect the US Federal Reserve to start easing this year due to continued disinflation. The benchmark Korea Composite Stock Price Index rose 33.23 points, or 1.27 percent, to 2,653.55 in the first 15 minutes of trading. Investors await January's US inflation data due later in the day. The US consumer price index is expected to support the view that decelerating inflation will allow the US central bank to start cutting rates this year. In Seoul,
Market Feb. 13, 2024
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State Dept. says NATO gives 'actual security' for US after Trump's controversial remarks
The North Atlantic Treaty Organization provides "actual security" for America, the State Department said Monday, amid a controversy over former President Donald Trump's recent suggestion that he would "encourage" Russia to attack NATO members if they fail to fulfill their spending obligations. Matthew Miller, the department's spokesperson, made the point as Trump's remarks raised concerns that the United States' security commitments to NATO and other allia
World News Feb. 13, 2024
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White House touts trilateral cooperation with S. Korea, Japan as key feat in Indo-Pacific Strategy
A White House official on Monday highlighted strengthened trilateral cooperation with South Korea and Japan among key achievements of the Joe Biden administration's Indo-Pacific Strategy unveiled two years ago. During a press briefing, John Kirby, the National Security Council coordinator for strategic communications, catalogued key examples of progress in the strategy that Washington rolled out to deepen engagement with the region, which it has cast as the "epicenter" of geopolitics i
World News Feb. 13, 2024
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Ex-industry minister named vice chair of presidential committee on aging society, population policy
President Yoon Suk Yeol appointed former Industry Minister Joo Hyung-hwan as vice chairman of the Presidential Committee on Aging Society and Population Policy, presidential chief of staff Lee Kwan-sup said Monday. Joo is a policy expert known for his drive to get things done and is expected to lead the committee in a way that produces visible results in a swift manner, Lee said. Yoon is the ex-officio chairman of the committee. "With the recognition that society's survival is at stake
Politics Feb. 12, 2024
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Highway traffic levels ease on last day of Lunar New Year holiday
Traffic levels on major highways eased Monday as people who visited their families during the Lunar New Year holiday returned home on the final day of the four-day holiday. A drive from Busan, 320 kilometers southeast of Seoul, to the capital was expected to take about five hours as of 5 p.m., while driving from Gwangju, 267 km south of the capital, to Seoul was expected to take three hours and 30 minutes, according to the state-run Korea Expressway Corp. The drive in the opposite direction from
Social Affairs Feb. 12, 2024
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