President Yoon Suk-yeol is expected to hold a press conference next week to mark his first 100 days in office, a presidential official said Friday. The press conference will be held at the presidential office on Wednesday to coincide with the 100th day and last around 50 minutes, according to the official. It would be Yoon's first formal press conference, though he has spoken to reporters on a ...

The ruling People Power Party (PPP) is expected to take disciplinary action against a party lawmaker after he came under fire for making remarks wishing for more rain during voluntary cleanup work in the wake of massive downpours. Rep. Kim Sung-won drew strong criticism after he was caught on TV camera saying he wishes more rain would fall for better public relations effects of their voluntary w...

The Supreme Court on Friday upheld lower courts' acquittal of a religious sect leader of charges that he obstructed the government's response to COVID-19 outbreaks in 2020. Lee Man-hee, the 91-year-old founder of the Shincheonji Church of Jesus, was indicted two years ago for allegedly underreporting the number of Shincheonji followers and church locations to the government when the virus was qu...

South Korea's patriots ministry on Friday unveiled part of rare documents confirming a group of Korean independence activists fought alongside British troops in a joint military campaign against Japan's imperial forces during World War II. The documents from Britain's National Archives were revealed as the ministry is commemorating the sacrifices of those who fought against Japan's 1910-45 colon...

A major association for South Korea's car industry has sent a letter to the US House of Representatives and requested changes in tax incentives proposed under a major climate change and energy bill, stressing that they could put Korean carmakers on an unequal footing. The Korea Automobile Manufacturers Association (KAMA) said that it delivered the concerns regarding the tax breaks in the Inflati...

While the title race has been drawing most of the attention in the top South Korean football league in recent weeks, the spotlight will turn to the bottom of the tables this weekend, with the two worst clubs gearing up for their third meeting of the season. Suwon Samsung Bluewings, ranked 11th out of the 12 K League 1 clubs, will host last-place Seongnam FC at 7:30 p.m. Sunday at Suwon World Cup...

The number of new daily COVID-19 cases in South Korea declined for the second straight day Friday, but infections stayed above 100,000 for a fourth day amid a fast-spreading omicron variant of the virus. The country added 128,714 new COVID-19 infections, bringing the total caseload to 21,111,840, the Korea Disease Control and Prevention Agency (KDCA) said. Of the new cases, 464 were from oversea...

South Korean stocks opened marginally higher Friday amid persistent woes over the US Federal Reserve's monetary tightening. The Korea Composite Stock Price Index (KOSPI) added 3.85 points, or 0.15 percent, to 2,527.63 in the first 15 minutes of trading. The index started 0.16 percent lower at the opening bell. Investors digested the softer-than-expected US consumer prices for July, released Wed...

South Korea's import prices fell for the first time in three months in July as global oil prices declined amid concerns about a global recession, central bank data showed Friday. The import price index inched down 0.9 percent in July from a month earlier, compared with a 0.5 percent on-month rise in June, according to the preliminary data from the Bank of Korea (BOK). This marked the first on-m...

Prime Minister Han Duck-soo on Friday instructed the government to swiftly take steps to designate areas that were hit by heavy rains early this week as a special disaster zone. If designated, the rain-hit areas will be eligible for the government's financial support in recovery work, relief funds for victims and other benefits. "The government will make its utmost efforts to stabilize the live...

WASHINGTON -- The United States is preparing for all contingencies amid signs of a potential North Korean nuclear test but is concerned by Pyongyang's "strengthened rhetoric" around its nuclear program, a state department spokesperson said Thursday. Vedant Patel, principal deputy spokesperson for the department, said Pyongyang is continuing to prepare for what will be its seventh nuclear test. ...

The foreign ministers of the Association of Southeast Asian Nations and other major powers reaffirmed their commitment to the denuclearization of the Korean Peninsula and support for diplomacy toward the goal during a regional security forum, a statement showed Thursday. The chair's statement was released five days after the annual ASEAN Regional Forum held in the Cambodian capital of Phnom Penh...

South Korean stocks jumped 1.73 percent Thursday, taking a cue from an overnight Wall Street rally after softer-than-expected US inflation data helped ease worries about a drastic rate hike by the Federal Reserve, analysts said. The local currency gained ground against the US dollar. The Korea Composite Stock Price Index (KOSPI) advanced 42.90 points to 2,523.78. Trading volume was moderate at 4...

Foreign investors became net buyers of South Korean stocks for the first time in six months in July on expectations that the Federal Reserve may slow the pace of monetary tightening, central bank data showed Thursday. Foreigners' stock investment funds recorded a net inflow of $160 million in July, a turnaround from a net outflow of $3.01 billion the previous month, according to the data from th...

South Korea's money supply grew for the third straight month in June on increased deposits amid rising interest rates, central bank data showed Thursday. The country's M2, a key gauge of the money supply, stood at 3,709.3 trillion won ($2.85 trillion) on average in June, up 12 trillion won, or 0.3 percent, from the previous month, according to the preliminary data from the Bank of Korea (BOK). ...