Consumer prices up 2.8% in Oct., remain in 2% for 2nd month

South Korea's consumer prices rose 2.8 percent in October from a year earlier, data showed Tuesday, as agricultural product prices continued to decline despite energy costs remaining elevated. According to data from the Ministry of Data and Statistics, consumer price growth eased to 2.8 percent in October from 2.9 percent in September and 3.1 percent in August. The data ministry said petroleum products' prices advanced 14.9 percent on-year in October, contributing 0.56 percentage point to the mo

2026-11-03 09:04:00:00

White House cites S. Korean trade deal, Alaska gas project among Trump's fulfilled pledges

The White House on Monday highlighted US President Donald Trump's trade agreement with South Korea and a Alaska natural gas project involving Seoul among his fulfilled campaign promises, as it touted his achievements on the eve of the U.S. midterm elections. In a press release highlighting policies promised and delivered during Trump's second term, the White House listed 127 campaign pledges it said the president had fulfilled. Among them, the administration cited South Korea as one of the major

2026-11-03 09:01:48:00

N. Korea tests 'dispersal warhead' for cruise missiles following cluster bomb test

North Korea has tested a "dispersal warhead" for a strategic cruise missile, state media reported Tuesday, following its recent test of a cluster bomb for ballistic missiles. Full Gen. Kim Jong-sik, a member of the Workers' Party of Korea's Central Military Commission and first vice department director of the Central Committee, oversaw Monday's tests, according to the Korean Central News Agency. "The Warhead Institute of the Missile Administration said it confirmed that the middle-sized dispersa

2026-11-03 08:59:51:00

BTS concerts in Taiwan, Indonesia to be screened at movie theaters in over 80 countries

Two shows from K-pop supergroup BTS' upcoming tour in Taiwan and Jakarta will be livestreamed at movie theaters in more than 80 countries and regions, the group's agency said Tuesday. The live viewings will feature the group's second-day show in Kaohsiung, Taiwan, on Nov. 21 and its third-day show in Jakarta, Indonesia, on Dec. 29, BigHit Music said in a notice posted on K-pop fan community platform Weverse. The Kaohsiung and Jakarta concerts will be shown on about 3,300 and 2,800 large screens

2026-11-03 08:55:11:00

N. Korean leader's sister blasts FBI's crypto theft probe as 'political provocation'

North Korea on Tuesday flatly dismissed the outcome of a US investigation that blamed Pyongyang for a massive cryptocurrency theft from Binance, the world's largest cryptocurrency exchange, calling it a "grave political provocation" against the North. Kim Yo-jong, the powerful sister of North Korean leader Kim Jong-un, made the remarks, referring to the US Federal Bureau of Investigation's (FBI) announcement Saturday that the regime is responsible for the theft of more than $6 billion in cryptoc

2026-11-03 08:53:35:00

Finance minister, Hyundai Motor chief discuss EV policies: sources

South Korea's finance minister met with the head of Hyundai Motor Group to discuss ways to develop the country's electric vehicle industry, along with government tax incentives for the sector, sources said Monday. Finance Minister Lee Hyoung-il met with Hyundai Motor Group Executive Chair Euisun Chung for around 20 minutes ahead of a roundtable held on the day at the company's research center in Hwaseong, south of Seoul, according to the sources. During the meeting, the two also exchanged views

2026-11-02 19:15:58:00

S. Korea seeks to finalize agreement with US on joint air base relocations by year-end

South Korea is seeking to finalize a comprehensive agreement with the United States by the end of this year on plans to relocate jointly used air bases across the country, including the facilities in the southwestern city of Gwangju, a source familiar with the matter said Monday. The move comes amid Seoul's push to relocate the shared air base and military airport in Gwangju under an initiative to build a mega semiconductor cluster in the city and the broader surrounding region. Seoul and Washin

2026-11-02 17:43:10:00

KAI delivers first 2 FA-50 fighter jets to Malaysia

Korea Aerospace Industries Ltd. said Monday it has delivered the first two FA-50 light combat aircraft to Malaysia under a 2023 contract to supply 18 jets to the Southeast Asian country. The two FA-50M aircraft departed from KAI's headquarters in Sacheon, about 300 kilometers southeast of Seoul, on Thursday and arrived at Malaysia's Kuantan Air Base on Sunday. The aircraft will be formally handed over to the Royal Malaysian Air Force after completing final acceptance tests. The delivery marks th

2026-11-02 17:36:27:00

S. Korean won sharply weakens against US dollar

The South Korean won sharply weakened against the U.S. dollar Monday, as institutional traders appeared to have locked in gains after the won's recent advance. The won was quoted at 1,343.8 won per dollar at 3:30 p.m., down 9.5 won from the close of the previous stock trading session. It marked the first time since Oct. 15 that the Korean currency hovered around 1,340 won to the greenback. Traders have also kept a watchful eye on the US midterm elections that are expected to affect Washington's

2026-11-02 17:34:25:00

Seoul stocks rebound over 2% on bargain hunting

Seoul stocks rebounded to end over 2 pct higher Monday as investors went bargain hunting for tech heavyweights despite concerns over artificial intelligence spending. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index closed up 128.34 points, or 2.24 percent, to 5,859.08 after rising as high as 5,910.83. On Friday, the index had plunged over 3 percent. Trade volume was light at 186.4 million shares worth 14.9 trillion won ($11.1 billion). Winners outnumber

2026-11-02 16:24:02:00