(2nd LD) BOK chief says time to consider rate cut as inflation cools

Bank of Korea (BOK) Gov. Rhee Chang-yong said Tuesday the time has come to “sufficiently consider” a rate cut as the nation’s consumer inflation cooled. “In terms of stability of consumer prices, it is time to sufficiently consider lowering a benchmark interest rate,” Rhee told reporters at a forum in Seoul. Rhee said the central … Read more

U.S. may reconsider approach to N.K.-Russia military ties under Harris’ leadership: senator

The United States may need to reevaluate its strategy on the expanding military ties between North Korea and Russia if Vice President Kamala Harris becomes president as Pyongyang’s alleged arms support for Moscow’s war in Ukraine is deeply troubling, a U.S. senator said Tuesday. In an interview with Yonhap News Agency, Sen. Chris Coons (D-Del) … Read more

(LEAD) FM Cho discusses Ukraine support, bilateral issues with Macron’s adviser

Foreign Minister Cho Tae-yul met with a top adviser to French President Emmanuel Macron on Tuesday for broad discussions on issues ranging from support for Ukraine, bilateral relations and other regional and international areas, Cho’s office said. In the talks with Emmanuel Bonne, presidential diplomatic adviser to Macron, Cho reiterated South Korea’s commitment to continuing … Read more

Military readiness decreased ‘counterintuitively’ despite Trump’s summitry with N.K. leader Kim: ex-US envoy

Military readiness of the South Korea-U.S. alliance weakened “counterintuitively” during former President Donald Trump’s personal diplomacy with North Korean leader Kim Jong-un, a former top U.S. envoy to Seoul said Tuesday. Retired Adm. Harry Harris, who served as the U.S. ambassador to South Korea from 2018-2021, made the remarks, citing the suspension of major South … Read more