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N. Korea sends trash balloons into S. Korea for 2nd consecutive day: JCS
North Korea floated trash-carrying balloons into South Korea for a second straight day on Thursday, South Korea's military said, the latest in its repeated provocations Seoul condemned as "senseless." The Joint Chiefs of Staff (JCS) said it detected the North launching some 480 trash balloons from late Wednesday until 12 p.m. Thursday, with around 100 trash bundles landing in Seoul and northern parts of Gyeonggi Province that surrounds the capital. In a notice sent to reporters at
Social Affairs Sept. 5, 2024
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Seoul shares down for 3rd day on US woes
South Korean shares dropped for a third consecutive session Thursday amid concerns of an economic recession in the United States. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index lost 5.30 points, or 0.21 percent, to close at 2,575.50. Trading volume was moderate at 371 million shares worth 10 trillion won ($7.48 billion), with losers outnumbering winners 519 to 358. Retail investors purchased a net 457.6 billion won worth of local shares, extending
Market Sept. 5, 2024
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S. Korea to expand export ban list against Russia, Belarus
South Korea will tighten export controls against Russia and Belarus by expanding its list of items subject to export restrictions, including machine tool parts and sensors, in response to Moscow's invasion of Ukraine, the industry ministry said Thursday. According to the revision to the regulations on trading strategic items, South Korea added 243 more items that can potentially be used for military purposes to the list of items that are banned from shipping to Russia and Belarus, according
Foreign Affairs Sept. 5, 2024
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S. Korean envoy calls for solidarity among NATO, Indo-Pacific partners against cyberthreats
A senior South Korean diplomat has called for joint efforts among the countries of the North Atlantic Treaty Organization and in the Indo-Pacific to act against growing cyberthreats, the foreign ministry said Thursday. Rhee Dong-yeol, ambassador for international cybersecurity affairs, made the call during the Cyber Champions Summit held in Australia on Wednesday, as he particularly noted the need to address the spread of misinformation as a key focus for international cooperation against cybert
Foreign Affairs Sept. 5, 2024
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N. Korea sending balloons into S. Korea for 2nd consecutive day: JCS
North Korea again started floating balloons into South Korea on Thursday morning, South Korea's military said, hours after it sent hundreds of balloons across the border the previous day. "As North Korea has again been floating balloons since 9 a.m., we advise the public to beware of falling objects and report to nearby military units or the police when discovering a fallen balloon," the Joint Chiefs of Staff (JCS) said in a notice to reporters. The move came after North Korea sen
North Korea Sept. 5, 2024
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Seoul shares open sharply up on bargain hunting
Seoul shares opened higher Thursday as investors sought to pick up blue chip bargains, one day after the local market plunged by more than 3 percent on US woes. The benchmark Korea Composite Stock Price Index added 21.63 points, or 0.84 percent, to 2,602.43 in the first 15 minutes of trading. The index had dipped 3.15 percent the previous day on growing concerns of a US economic slowdown following a worse-than-expected manufacturing purchasing managers index for August. US stocks closed mixed ov
Market Sept. 5, 2024
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Yoon makes late night visit to hospital ER
President Yoon Suk Yeol made a late night visit to a hospital emergency room Wednesday to encourage medical staff and promise the government's unwavering support amid growing strains on health care services. Yoon visited a regional emergency medical center in Gyeonggi Province surrounding Seoul as the government began deploying military doctors and public physicians to hospital emergency rooms across the country the same day. His visit came amid mounting concerns hospital ERs in particular
Politics Sept. 4, 2024
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N. Korea launches more trash balloons toward S. Korea
North Korea again launched balloons likely carrying trash toward South Korea on Wednesday, the Joint Chiefs of Staff said, marking a resumption of its trash-balloon campaign after a near monthlong halt. The JCS said an unspecified number of balloons could travel to northern Gyeonggi Province, just north of Seoul, and advised the public not to touch fallen balloons and report them to the military or police. Since late May, the North has launched thousands of balloons carrying trash in a tit-for-t
North Korea Sept. 4, 2024
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Lions slugger Park Byung-ho becomes 3rd KBO player to hit 400 home runs
Park Byung-ho of the Samsung Lions became the third player in South Korean baseball to hit 400 home runs Wednesday. Park belted his 400th homer to lead off the bottom of the second inning against the Doosan Bears in their Korea Baseball Organization regular-season game at Samsung Lions Park in Daegu, some 230 kilometers southeast of Seoul. Park drove a forkball from Bears starter Choi Seung-yong over the right-center field fence for the milestone. He has now homered in four consecutive games.
Baseball Sept. 4, 2024
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S. Korea captain Son Heung-min wants new faces to play with confidence
With the new head coach and a few new faces aboard for South Korea, captain Son Heung-min has a lot to juggle as the Taegeuk Warriors prepare to host Palestine in a World Cup qualifier. He will have to be the bridge between Hong Myung-bo, about to begin his second stint as the senior men's bench boss, and the rest of the team, while also making sure a handful of youngsters can find their footing. Son also has a crucial on-pitch role as the team's offensive engine. The 32-year-old said
Soccer Sept. 4, 2024
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Seoul shares fall over 3% on concerns of economic slowdown
South Korean shares dipped to a month low Wednesday as concerns of an economic slowdown weighed down investor sentiment. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) lost 83.83 points, or 3.15 percent, to close at 2,580,80. Trade volume was heavy at 448.8 million shares worth 11.2 trillion won ($8.35 billion), with losers outnumbering gainers 859 to 51. Foreign investors offloaded 986 billion won worth of local shares, becoming net seller
Market Sept. 4, 2024
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S. Korean shares open sharply lower on Wall Street losses
South Korean shares opened sharply lower Wednesday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) fell 60.72 points, or 2.28 percent, to 2,603.91 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average tumbled 1.51 percent to close at 40,936.93, while the tech-heavy Nasdaq plunged 3.26 percent. Tech giants, including Nvidia and Intel, led the decline as the lower-than-expected US manufacturing purchasing managers index (
Market Sept. 4, 2024
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DP proposes special counsel probe bill on Marine's death for 4th time; PPP unlikely to accept
The main opposition Democratic Party has proposed a bill mandating a special counsel recommended by the Supreme Court chief justice investigate the military's response to a Marine's death last year. The bill, proposed Tuesday, mandates that the chief justice recommend four candidates to the special counsel. They will be narrowed down by the opposition parties to two, from which the president will make the final appointment. The special counsel will be tasked with looking into allegatio
Politics Sept. 4, 2024
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Gyeonggi's unionized bus drivers call off planned strike after wage deal
A powerful union of bus drivers in Gyeonggi Province, which surrounds Seoul, called off a strike planned for Wednesday after reaching a last-minute wage hike agreement with their employers before dawn. The union, which has about 90 percent of city and intercity bus drivers in the nation's most populous province under its wing, and representatives of the province's bus company owners agreed to a 7 percent wage increase around 3 a.m. Wednesday after marathon negotiations that began at 3
Social Affairs Sept. 4, 2024
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Shooter Park Jin-ho wins 2nd gold at Paris Paralympics
Shooter Park Jin-ho has become South Korea's first double gold medalist of the Paris Paralympics. Park won the men's 50-meter rifle 3 positions (SH1 classification) title with the Paralympic record score of 454.6 points at the Chateauroux Shooting Centre in Chateauroux, south of Paris, on Tuesday. Dong Chao of China finished with 451.8 points for silver. Park had earlier won the 10m air rifle standing gold medal. In the 50m 3 positions event, shooters competed in kneeling, prone and st
More Sports Sept. 4, 2024
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