President Yoon Suk Yeol has accepted the state-run utility Korea Electric Power Corp. chief's resignation to have him take responsibility for the firm's snowballing losses and financial woes, officials said Friday. Last week, KEPCO President and CEO Cheong Seung-il tendered his resignation after his company logged a record-high operating loss of 32.63 trillion won ($24.44 billion) last year, mor...

Finance Minister Choo Kyung-ho met with Chinese Ambassador to South Korea Xing Haiming on Friday to discuss economic ties and other bilateral issues, his office said. During the meeting, Choo expressed hope that South Korea and China can continue economic cooperation based on mutual respect and interests, according to the Ministry of Economy and Finance. The finance minister also requested Chin...

South Korea on Friday raised the crisis level of the foot-and-mouth disease to the highest point in central regions and will implement beefed-up quarantine measures to prevent the spread of the animal disease, the agriculture ministry said. The warning level was heightened by two notches from "caution" to "serious," the highest level of its four-tier system, for the central city of Cheongju, Nor...

South Korean golfers found themselves well out of contention after the opening round of the PGA Championship, the second major tournament of the season, with no one posting an under-par score. When the play was suspended due to darkness at the East Course of Oak Hill Country Club in Pittsford, New York, on Thursday, four of five South Koreans in the field were tied at three-over, with only three...

Top officials of South Korea and the United States have discussed ways to bolster technology diplomacy in artificial intelligence and other areas, Seoul's foreign ministry said Friday. The director-general-level meeting, held in Seoul the previous day, was attended by Yun Hyun-soo, head of the ministry's bureau for climate change, energy, environment and scientific affairs, and Seth Center, the ...

North Korea on Friday condemned South Korea and the United States for planning to kick off their major joint live-fire drills next week, describing the drills as a "war exercise" against Pyongyang. South Korea and the US are set to stage the drills from May 25 to June 15 as they mark the 70th anniversary of their alliance. The drills are expected to involve advanced weapons systems, including F-...

Seoul shares opened higher Friday, tracking Wall Street gains overnight, amid hopes that the US government will be able to avert a debt default. The benchmark Korea Composite Stock Price Index rose 10.5 points, or 0.42 percent, to 2,525.9 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.3 percent to 33,535.91, and the tech-heavy Nasdaq Composite climbed 1.5...

South Korea's defense chief met with Polish pilots at an Air Force unit here Thursday and expressed hopes the two nations will expand defense cooperation, his ministry said. Defense Minister Lee Jong-sup made the remarks during the meeting with four Polish pilots currently undergoing a flight education program to operate South Korea's FA-50 light attack aircraft at the 1st Fighter Wing in Gwangj...

South Korean stocks rose to an over two-week high Thursday as investor sentiment was buoyed by rising hopes that Washington would reach a deal on the debt ceiling. The Korean won gained ground against the greenback. The benchmark Korea Composite Stock Price Index rose 20.74 points, or 0.83 percent, to finish at 2,515.4. It is the highest closing point since 2,524.39 on May 2. Trading volume was...

A special parliamentary ethics committee is set to review two motions calling for disciplinary action against Rep. Kim Nam-kuk over dubious cryptocurrency transactions, yet it is unlikely the embattled lawmaker will be unseated. Kim left the main opposition Democratic Party to become an independent after it was revealed he owns a significant amount of coins, raising concerns about conflicts of i...

WASHINGTON -- North Korea's anticipated launch of a claimed satellite would violate multiple international sanctions that prohibit the use of any ballistic missile technology by the recalcitrant country, a state department spokesperson said Wednesday. Vedant Patel, deputy spokesperson for the state department, also said the United States will take necessary steps to hold North Korea accountable ...

South Korea's new coronavirus cases stayed over 20,000 for the third consecutive day Thursday amid relaxed COVID-19 restrictions as the country has taken steps to resume pre-pandemic normalcy. The country reported 21,797 cases, including 30 imported cases, bringing the total caseload to 31,486,904, the Korea Disease Control and Prevention Agency said. Thursday's tally was slightly higher than t...

Seoul shares opened higher Thursday after US stocks rallied on optimism that a deal to raise the US debt ceiling is within reach. The benchmark Korea Composite Stock Price Index rose 15.4 points, or 0.62 percent, to 2,510.06 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average advanced 1.2 percent to 33,420.77, and the tech-heavy Nasdaq Composite climbed 1.3 percent t...

Ukraine expects South Korean companies to participate in various reconstruction projects, particularly regarding nuclear power and other energy fields, a ranking Ukrainian government official said Wednesday. Rostyslav Shurma, deputy head of Ukraine's presidential office, made the remarks during a forum held in Seoul, where Ukraine's eight-member delegation explained a mid- to longer-term reconst...

South Korea seeks to launch a telemedicine pilot program mainly for second-visit patients starting next month, as well as for those who cannot visit clinics due to physical illness or infectious disease, the health ministry said Wednesday. The country's telemedicine services have been temporarily allowed since 2020 through April this year amid the coronavirus pandemic. A total of 1,419 patients...