Category: Korea
Korea preparing ‘several’ measures to stabilise financial markets: finance minister
South Korea is preparing “several” steps to stabilise domestic financial markets that have been going through heightened volatility, including the won’s [...] » More
Korea advances missile defence system, risking clash with China
A US-made missile defence system in South Korea moved one step closer to completion this week, in a controversial move that signals the Westward shift of the country’s [...] » More
N Korea fires 1 short-range ballistic missile into East Sea: JCS
North Korea fired one short-range ballistic missile into the East Sea on Sunday, two days after a US Navy’s nuclear-powered aircraft carrier arrived here for a joint [...] » More
Korea’s president, caught on hot mic, says ‘untrue’ media reports damage alliance
South Korean President Yoon Suk Yeol on Monday accused the country’s media of damaging its alliance with the United States after a TV broadcaster released a video [...] » More
N Korea fires ballistic missile ahead of US VP Harris visit
North Korea fired a ballistic missile towards the sea off its east coast on Sunday, ahead of planned military drills by South Korean and US forces involving an aircraft [...] » More
Korea, US begin combined naval exercise involving Ronald Reagan aircraft carrier
South Korea and the United States kicked off their first combined naval exercise, involving an American aircraft carrier, near the peninsula in five years Monday, a day after [...] » More
N. Korea-China cargo train operation seems to have resumed: ministry
A freight train from the Chinese border city of Dandong was seen crossing a railway bridge into North Korea on Monday, marking the resumption of such a cargo service [...] » More
Inflation to stay in 5-6pct range for considerable period of time: BOK chief
Korea’s consumer prices are likely to peak in October, but they may stabilise at a slow pace due to the local currency’s sharp weakness against the US dollar, the [...] » More
New COVID-19 cases hit over 2-month low; outdoor mask mandates fully lifted
Korea’s new COVID-19 cases fell to the lowest number in more than two months on Monday, as the virus wave has been slowing down at a steady pace and the government has [...] » More
Yoon sees greater likelihood of N. Korean provocation in case of Taiwan conflict
President Yoon Suk-yeol has expressed concern that a potential military conflict between China and Taiwan could raise the likelihood of North Korea’s provocations, [...] » More
Seoul says N Korea, China reopen freight train traffic
North Korea and China resumed freight train service Monday following a five-month hiatus, South Korean officials said, as the North struggles to revive an economy battered by [...] » More
Government to encourage private sector to bring back overseas financial assets
The government is considering possible measures to encourage the private sector to bring back financial assets that are outside of Korea, worth over $700 billion in net [...] » More
Outdoor mask mandate fully lifted, other COVID-19 rules in review
South Korea will no longer require masks for outdoor group activities, starting Monday. The government also plans to ease other antivirus measures down the road. The outdoor [...] » More
Government considers easing additional COVID-19 measures
The government is expected to speed up the pace of its COVID-19 exit strategy after its decision to lift all outdoor mask mandates starting Monday. The next steps are likely [...] » More
N Korea fires missile as US preps drills with South
North Korea lit up Sunday’s (September 25) dawn skies by test-firing a short-range ballistic missile into the Sea of Japan off the divided peninsula’s east coast. [...] » More
