The United States and Japan have agreed on the need to beef up deterrence amid an "increasingly challenging" security landscape marked by North Korea's repeated missile launches and its military cooperation with Russia, the State Department said Thursday. The two sides shared the need during their bilateral Extended Deterrence Dialogue that took place in Japan from Tuesday to Thursday (local time). Extended deterrence refers to the US commitment to using the full range of its mili

Foreign Affairs Dec. 8, 2023

President Joe Biden's nominee for deputy secretary of state highlighted the need Thursday to focus "even more" on deterrence against growing North Korean threats, noting Pyongyang continues to perfect its long-range weapons capabilities while shunning dialogue. Kurt Campbell, currently the National Security Council coordinator for Indo-Pacific affairs, made the remarks during a Senate confirmation hearing as he responded to a question of whether he has any "creative" ide

Foreign Affairs Dec. 8, 2023

South Korea logged a current account surplus for the sixth straight month in October on the back of a trade surplus, a reduction in the service deficit and increased dividend income from overseas, central bank data showed Friday. The country's current account surplus reached $6.8 billion in October, widening from the surplus of $5.42 billion the previous month, according to preliminary data from the Bank of Korea. October's surplus came as the country's trade balance has remained

Economy Dec. 8, 2023

House and Senate negotiators released their compromise draft of an annual defense policy bill Thursday, which calls for maintaining 28,500 US troops in South Korea and deepening nuclear deterrence coordination between Seoul and Washington. They unveiled the final draft of the National Defense Authorization Act for the 2024 fiscal year. Congress passes the bill each year to set defense policy and funding priorities and give guidance on a range of key security matters. The NDAA draft includes a ca

Foreign Affairs Dec. 8, 2023

The US International Trade Commission (ITC) concluded Samsung Electronics and Samsung SDS did not violate any patents over outdoor electronics displays in a patent infringement case filed by a US company, industry sources said Thursday. The ITC reached the decision last month after its investigation into the case following a complaint filed by Manufacturing Resources International (MRI) in August last year. MRI, an Atlanta-based manufacturer of outdoor and semi-outdoor digital liquid-crystal dis

Social Affairs Dec. 7, 2023

South Korean stocks ended lower Thursday as investors were concerned the US economy may be losing steam. The local currency sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 3.31 points, or 0.13 percent, to close at 2,492.07. Trade volume was moderate at 440.6 million shares worth 8.03 trillion won ($6.06 billion), with losers outnumbering gainers 525 to 354. Institutions dumped a combined 204.8 billion won worth of shares, while individual and foreign inve

Market Dec. 7, 2023

The state audit agency on Thursday announced the final results of its inspection into the 2020 death of a South Korean fisheries official at the hands of North Korea, concluding that the then Moon Jae-in government did little to save him and covered up and distorted facts related to the case. The Board of Audit and Inspection reached a conclusion after its yearlong inspection into the preceding Moon government's handling of the killing of the fisheries official, Lee Dae-jun, by the North's milit

Politics Dec. 7, 2023

The South Korean government will push to pay for part of urea imports when companies need to buy the chemical from nations other than China as part of efforts to prevent a supply shortage and ensure a longer-term stable supply, the industry minister has said. Industry Minister Bang Moon-kyu made the remarks during a meeting with reporters Wednesday, as China's recent suspension of customs procedures for urea shipments to South Korea has raised concerns about a supply crisis. "We have enough

Economy Dec. 7, 2023

The leaders of the Group of Seven countries "strongly" condemned North Korea's recent spy satellite launch and its arms transfers to Russia on Wednesday, stressing the moves directly contravene UN Security Council resolutions. The leaders of the United States, Britain, France, Germany, Canada, Italy and Japan issued a statement on a range of global issues, including Russia's war in Ukraine and the war between Israel and the Hamas militant group, after they met virtually. &quo

Foreign Affairs Dec. 7, 2023

A US congresswoman renewed calls Wednesday for support to designate Nov. 22 as "Kimchi Day," named after a Korean traditional side dish, stressing that kimchi has now become a "culinary icon" reflective of South Korea's rising cultural influence. Rep. Young Kim, a Korean American lawmaker, made the call during a House session as she has submitted a resolution on the fermented dish with backing from more than a dozen other lawmakers. "I rise in support of Kimchi Day.

Foreign Affairs Dec. 7, 2023

Five-time South Korean tour winner Lee So-mi will be an LPGA Tour rookie in 2024. Lee finished tied for second at the six-round LPGA Q-Series, the annual qualifying tournament for the top women's competition, at 26-under 404 at Robert Trent Jones Golf Trail at Magnolia Grove in Mobile, Alabama, on Wednesday (local time). Those finishing inside the top 45 and ties earned their LPGA cards for 2024, with the players inside the top 20 and ties able to enter most of the tournaments. The rest, fr

Golf Dec. 7, 2023

South Korean stocks got off to a weak start Thursday as tech shares took a cue from overnight losses in US heavyweights, like Nvidia and Microsoft. The benchmark Korea Composite Stock Price Index retreated 8.91 points, or 0.36 percent, to 2,486.47 in the first 15 minutes of trading. Overnight, all three major US indexes lost ground despite jobs data that reinforced expectations the Federal Reserve may start cutting its rates early next year. AI chip leader Nvidia sank 2.3 percent, while Microsof

Market Dec. 7, 2023

National security advisors of South Korea, the United States and Japan are expected to discuss a "robust" agenda of regional security issues and trilateral cooperation at their talks in Seoul this week, a White House official said Wednesday. John Kirby, National Security Council coordinator for strategic communications, made the remarks as South Korea's National Security Adviser Cho Tae-yong and his US and Japanese counterparts, Jake Sullivan and Takeo Akiba, respectively, are set to m

Foreign Affairs Dec. 7, 2023

South Korea has requested the United Arab Emirates correct the faulty posting of North Korea's national flag as that of South Korea on the website of the 28th United Nations Climate Change Conference (COP28), Seoul's foreign ministry said Wednesday. On the COP28's official website, an image of the North Korean flag had been put up above the Republic of Korea, the official name of South Korea, in a list of 38 countries that participated in the mutual recognition of certification sc

Foreign Affairs Dec. 6, 2023

BTS' V and Blackpink's Jennie, who were rumored to have been dating, recently broke up, music industry sources said Wednesday. The two K-pop stars have been caught up in rumors that they are in a romantic relationship after an online post claimed they spent time together on South Korea's southern resort island of Jeju last year. In May, a video posted online also showed what appeared to be V and Jennie seemingly on a date in Paris. Their respective agencies, BigHit Music and YG En

K-pop Dec. 6, 2023