Presidential office raps DP for spreading ‘groundless’ martial law plan

The presidential office lambasted the main opposition Democratic Party (DP) on Monday for spreading false rumors about the government allegedly planning to declare martial law. Presidential spokesperson Jeong Hye-jeon condemned DP leader Lee Jae-myung for raising the allegations during a live broadcast meeting with ruling People Power Party leader Han Dong-hoon on Sunday. “We are … Read more

5 major lenders extend household loans by record clip in Aug.

Household loans extended by the country’s five major banks rose by the most on record last month despite warnings from the financial regulators and a series of rate hikes, industry sources said Monday. According to the sources, KB Kookmin, Woori and three others extended a combined 9.62 trillion won (US$7.19 billion) last month, the sharpest-ever … Read more

President Yoon, IEA’s Birol discuss global clean energy collaboration

President Yoon Suk Yeol met with Fatih Birol, the chief of the International Energy Agency (IEA), on Monday, the president’s office said, expressing gratitude for the agency’s support of Seoul’s Carbon-Free Energy (CFE) initiative. In September, Yoon introduced the CFE initiative during his keynote speech at the U.N. General Assembly, focusing on achieving carbon neutrality … Read more