The fifth time didn't prove to be the charm for Jurgen Klinsmann and his South Korean men's national football team, as another anemic showing by the Taegeuk Warriors left the German tactician winless after five matches in charge. The team's latest match resulted in a goalless draw against Wales in Cardiff on Thursday. South Korea barely threatened to score at Cardiff City Stadium in the Welsh capital, while their defense got caught napping a couple of times to allow the home team

Soccer Sept. 8, 2023

South Korea logged a current account surplus for the third straight month in July on the back of a widened trade surplus and dividend payments from overseas, central bank data showed Friday. The country's current account surplus reached $3.58 billion in July, following the surplus of $1.93 billion in May and $5.87 billion in June, according to preliminary data from the Bank of Korea. July's surplus came as the country's trade balance remained in the black and dividend income incre

Economy Sept. 8, 2023

With his beleaguered national team head coach Jurgen Klinsmann facing criticism over his remote work, South Korea captain Son Heung-min believes there's more to Klinsmann's work habits than meets the eye. Son came to the German-born coach's defense after South Korea and Wales ended in a goalless draw in Cardiff on Thursday (local time). The result extended Klinsmann's winless streak as South Korea's bench boss to five matches, with three draws and two losses. Klinsmann a

Soccer Sept. 8, 2023

Seoul shares ended lower Thursday amid investor concerns that the US Federal Reserve may raise interest rates further this year following stronger-than-expected economic data. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 15.08 points, or 0.59 percent, to close at 2,548.26, extending its losses to the third session. Trading volume was moderate at 370.56 million shares worth 8.04 trillion won ($6 billion), with losers outpacing gainers 696 to 186.

Market Sept. 7, 2023

Son Heung-min, captain for both the South Korean men's national team and Tottenham Hotspur, says he wants to lead his charges with action, instead of words. The Taegeuk Warriors will need plenty of action from Son, as they try to win their first match under head coach Jurgen Klinsmann this month. Son and his boys in red will take on Wales in Cardiff at 7:45 p.m. Thursday local time, or 3:45 a.m. Friday South Korean time. Then they will play Saudi Arabia in Newcastle, England, at 5:30 p.m. n

Soccer Sept. 7, 2023

Police on Thursday began an investigation into independent lawmaker Youn Mee-hyang accused of attending a pro-North Korea group's event in Japan without notifying the government in a possible violation of the National Security Law. According to police officials, the Seoul Metropolitan Police Agency plans to bring in a Seoul city councilor Friday, who filed a complaint against Youn participating in the controversial event organized by the General Association of Korean Residents in Japan in T

Politics Sept. 7, 2023

Seoul shares opened lower Thursday, tracking losses on Wall Street, as better-than-expected US economic data bolstered the case for the Federal Reserve to raise interest rates further this year. The benchmark Korea Composite Stock Price Index fell 6.35 points, or 0.25 percent, to 2,556.99 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.6 percent to 34,443.19 and the tech-heavy Nasdaq Composite declined 1.1 percent to 13,872.47. The Institute for Supply Mana

Market Sept. 7, 2023

North Korea will face repercussions from the United States and other countries should it provide weapons to Russia that can kill innocent people in Ukraine, a White House official said Wednesday. John Kirby, National Security Council coordinator for strategic communications, also called on North Korea to stop its negotiations with Russia for a potential arms deal. "We are not seeing them provide any wholesale assistance to the Russian military, and we continue to urge North Korea not to do

North Korea Sept. 7, 2023

South Korean stocks finished lower Wednesday, as rising global oil prices renewed concerns about inflation and the continued push for monetary tightening by major economies. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index shed 18.84 points, or 0.73 percent, to close at 2,563.34, extending a losing streak to the second session. Trading volume was moderate at 415.9 million shares worth 7.55 trillion won ($5.66 billion), with losers outpacing gainers 5

Market Sept. 6, 2023

Major South Korean defense companies have showed off tanks, guided weapons and other key weapons systems at an annual arms exhibition under way in Poland, as they seek to solidify their presence in the European country on the back of successful deals signed last year. The 31st International Defense Industry Exhibition, or MSPO, got under way Tuesday for a four-day run in Kielce, Poland, after South Korean companies secured major deals last year to supply K2 tanks, K9 self-propelled howitzers, FA

Industry Sept. 6, 2023

Lotte Mart, one of South Korea's major supermarket chains, will create special shopping zones for foreign visitors at its branches frequently visited by inbound travelers, its operator said Wednesday. Last month, Lotte Mart first created a 20-meter-long special shopping zone, named "Must-Haves of Korea: K-Food," at its Seoul Station branch, where about 30 percent of visitors were foreigners in the first eight months of this year, according to Lotte Shopping Co. Lotte Mart plans to

Economy Sept. 6, 2023

South Korean shipbuilders lagged far behind their Chinese rivals in new global orders to place second worldwide in August amid sinking demand, industry data showed Wednesday. Local shipyards won a combined 270,000 compensated gross tons in new orders last month, accounting for 13 percent of the global total at 2.05 million CGTs, according to the data from global market researcher Clarkson Research Service. The global total, or 71 vessels, was 30 percent lower than that from a year earlier. Chine

Economy Sept. 6, 2023

A rare mother-of-pearl box showcasing the exquisite craftsmanship of the Goryeo era has been returned to South Korea from Japan. The Cultural Heritage Administration and the Overseas Korean Cultural Heritage Foundation unveiled to media Wednesday the mother-of-pearl box with a chrysanthemum vine pattern, believed to date back to the 13th century Goryeo Dynasty (918-1392). Its existence came to light last year when an art dealer contacted the foundation after acquiring it from a Japanese collecto

Arts & Design Sept. 6, 2023

South Korean stocks got off to a weak start Wednesday as an uptick in global oil prices and US federal bank officials' comments suggesting more interest rate hikes in the future renewed inflation concerns. After starting marginally lower, the benchmark Korea Composite Stock Price Index was moving almost flat, or down 2.32 points, at 2,579.86 in the first 15 minutes of trading. Fed Gov. Christopher Waller said Tuesday the Fed has room to proceed carefully with its monetary tightening as rece

Market Sept. 6, 2023

The Seoul city government has launched a break dance team to nurture competitors for the new Olympic sport, and two dancers from the team will compete in the upcoming Asian Games in China, officials said Wednesday. Breaking, also known as break dancing, has been newly added to the 2024 Summer Olympics in Paris. It is also an official sport at the Asian Games in China's Hangzhou that will run Sept. 23 to Oct. 8. The city's new works team has been formed under a consensus with the cultur

More Sports Sept. 6, 2023