North Korea would be held responsible for any damage incurred by its trash balloon campaign, South Korea’s military warned Monday, a day after the North said South Korea should be ready to pay “a very high price” for sending anti-Pyongyang leaflets across the border. The Joint Chiefs of Staff (JCS) issued the warning in response … Read more
The antitrust regulator said Monday it has decided to give conditional approval to shipping company HD Korea Shipbuilding and Offshore Eengineering Co.’s acquisition of a controlling stake in STX Heavy Industries Co. In July 2023, the shipping company signed a contract with a private equity firm to buy shares in STX Heavy, a major marine … Read more
South Korea’s money supply remained unchanged in May compared with a month earlier amid an extended tightening policy mode, central bank data showed Monday. The country’s M2, a key gauge of the money supply, stood at 4,014 trillion won (US$2.909 trillion) in May, flat from the previous month, according to the preliminary data from the … Read more
The presidential office said Monday it will not respond to an opposition-led parliamentary hearing addressing an online petition for President Yoon Suk Yeol’s impeachment. The parliamentary legislation and judiciary committee voted last week to hold two hearings — on Friday and on July 26 — to deal with the petition, posted online on June 20, … Read more
1950 — As North Korean invaders advance on the nation in the early days of the Korean War, President Rhee Syng-man moves his government from Daejeon in central South Korea to the southeastern city of Daegu. Rhee was later forced to move it further south to Busan, a port city. North Korean soldiers seized South … Read more
The Seoul city government said Monday it will launch an international tech exposition in October with an ambitious goal of turning the event into a platform similar to the influential tech trade show CES in the coming years. The Seoul Smart Life Week (SLW), which is set to open Oct. 10 through 12 at the … Read more