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Seoul stocks advance on hopes for global economic recovery

MarketsMay 6, 2021

South Korean stocks advanced Thursday as hopes for a global economic rebound offset inflation worries. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOS...
S. Korea's debt risk premium at lowest since global financial crisis

EconomyMay 6, 2021

The cost of insuring South Korea's sovereign debt against default fell to the lowest level this week since the 2008-09 global financial crisis as the country's economy is recovering faster from the p...
KT to form AI lab with IBM Korea and Woori Bank

TechnologyMay 6, 2021

KT Corp., a South Korean telecom giant, said Thursday it has formed business ties with IBM Korea and local major banking firm Woori Bank to develop artificial intelligence (AI) technology for financi...
Online shopping at 2nd-highest point in March amid contactless trend

EconomyMay 6, 2021

Online shopping in South Korea continued to soar in March as more people bought goods via e-commerce platforms amid a non-contact consumption trend caused by the pandemic, data showed Thursday. The ...
Police conduct raid over anti-NK leafleting

North KoreaMay 6, 2021

Police on Thursday raided the office of a vocal North Korean defector who claimed to have sent anti-Pyongyang propaganda leaflets into the North in defiance of a ban. Police launched an investigatio...
[Newsmaker] Deadlock looms in Natl. Assembly over confirmation approvals of 3 minister nominees

PoliticsMay 6, 2021

A political standoff between the ruling and main opposition parties appeared imminent Thursday, as key National Assembly committees were scheduled to decide on the parliamentary approvals of scandal-...
Rookie girl group aespa to drop new song in May

K-popMay 6, 2021

Rookie K-pop girl group aespa will release new single "Next Level" on May 17, the group's agency said Thursday. The four-piece group, trained and produced by K-pop powerhouse SM Entertainment, made ...
Rangers' Yang Hyeon-jong strikes out 8 in 1st MLB start

BaseballMay 6, 2021

As baseball starts go, this was short and sweet for Yang Hyeon-jong of the Texas Rangers. In his first major league start, Yang struck out eight Minnesota Twins in just 3 1/3 innings at Target Field...
10 service members test positive for COVID-19

DefenseMay 6, 2021

Six Army members and four Air Force officers tested positive for the new coronavirus, the defense ministry said Thursday, the latest in a series of infections across the nation. Three of the four ai...
Imported auto sales rise 12% in April despite pandemic

EconomyMay 6, 2021

Sales of imported vehicles in South Korea jumped 12 percent in April from a year earlier on robust sales of German cars, an industry association said Thursday. The number of newly registered foreign...
NK paper warns of virus infections via 'strange objects' in air

North KoreaMay 6, 2021

North Korea's official newspaper on Thursday urged people to stay alert against coronavirus infections through "strange objects" floating in the air, days after the regime issued a harshly worded sta...
Kim Kwang-hyun shrugs off bizarre inning, puts team first in no-decision

BaseballMay 6, 2021

Kim Kwang-hyun has been a professional pitcher since 2007. He has seen a lot over his career, which began in his native South Korea and has taken him to the majors with the St. Louis Cardinals. So a...
Moon sends condolence letter to Mexican leader over metro line disaster

PoliticsMay 6, 2021

South Korean President Moon Jae-in expressed his condolences to Mexican people over a deadly metro line disaster in their country, Cheong Wa Dae said Thursday. In a letter delivered to Mexican Presi...
Tax incentives eyed for chipmakers: finance minister

EconomyMay 6, 2021

South Korea's chief economic policymaker said Thursday the government will consider expanding tax credit programs for chipmaking-related research and development (R&D) and facility investment to nurt...
USFK eases quarantine rules for fully vaccinated new arrivals

DefenseMay 6, 2021

US Forces Korea (USFK) has eased its quarantine rules for fully vaccinated, newly arrived members, allowing them access to duty location and other on-post activities during their 14-day mandatory qua...