Winless after five matches as head coach of the South Korean men's national football team, Jurgen Klinsmann says he is still pleased with the team's progress on his watch as the program undergoes a generation change. Following a goalless draw against Wales in Cardiff on Thursday, Klinsmann attributed a run of uninspiring matches to a transition and a growing process in South Korean football. He also kept taking the long view toward the 2024 Asian Football Confederation Asian Cup, which

Soccer Sept. 8, 2023

North Korea and Russia may be seeking to improve their relations since it may offer benefits to both but the level of their cooperation, especially in advanced military technology such as nuclear weapons, will likely be limited, a former US intelligence officer on North Korea said Thursday. Sydney Seiler, former national intelligence officer on North Korea at the National Intelligence Council, also argued that Russian President Vladimir Putin, despite being desperate for North Korea's suppo

North Korea Sept. 8, 2023

South Korea played Wales to a goalless draw in their latest men's football friendly match on Thursday in Cardiff, as their winless streak under head coach Jurgen Klinsmann stretched to five matches. The first meeting between world No. 28 South Korea and 35th-ranked Wales generated few sparks at Cardiff City Stadium in the Welsh capital. The Taegeuk Warriors now have three draws and two losses under Klinsmann, who was named South Korea's bench boss in late February. This was South Korea

Soccer Sept. 8, 2023

Foreign investors dumped nearly 1.18 trillion won ($883.6 million) worth of South Korean stocks in August, turning net sellers in the month, data showed Friday. With the sell-off, cumulative holdings of listed stocks by foreigners came to 679.1 trillion won, or 26.1 percent of total market capitalization, as of the end of last month, according to the Financial Supervisory Service. Foreigners also sold off a net 383 billion won worth of South Korean bonds last month, switching to net sellers afte

Economy Sept. 8, 2023

Seoul shares opened lower Friday, tracking tech losses on Wall Street, amid concerns over China's ban on Apple Inc.'s use. The benchmark Korea Composite Stock Price Index fell 0.07 point to 2,548.19 in the first 15 minutes of trading. China plans to expand its ban on the use of iPhones in government agencies and state-owned companies. The move is expected to deal a blow to global big tech companies that heavily rely on China, analysts said. In Seoul, tech and auto stocks were the lead

Market Sept. 8, 2023

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