'S.Korea's Bernie Sanders' tops presidential polls with talk of universal basic income

SEOUL (Reuters) – A South Korean politician who once said he aspired to be a “successful Bernie Sanders” is leading the field to replace Moon Jae-in as president after rising to prominence with an aggressive pandemic response and a populist economic agenda.FILE PHOTO: Gyeonggi Province Governor Lee Jae-myung speaks during an interview with Reuters in… Continue reading 'S.Korea's Bernie Sanders' tops presidential polls with talk of universal basic income

U.S., S.Korea envoys discuss jumpstarting talks with North Korea

FILE PHOTO: Noh Kyu-duk (R), South Korea’s Special Representative for Korean Peninsula Peace and Security Affairs, poses with Sung Kim (L), US Special Representative for North Korea, during their bilateral meeting at a hotel in Seoul , South Korea June 21, 2021. Jung Yeon-Je/Pool via REUTERSSEOUL (Reuters) – The U.S. special envoy for North Korea… Continue reading U.S., S.Korea envoys discuss jumpstarting talks with North Korea

U.S., S.Korea envoys discuss jumpstarting talks with North Korea

FILE PHOTO: Noh Kyu-duk (R), South Korea’s Special Representative for Korean Peninsula Peace and Security Affairs, poses with Sung Kim (L), US Special Representative for North Korea, during their bilateral meeting at a hotel in Seoul , South Korea June 21, 2021. Jung Yeon-Je/Pool via REUTERSSEOUL (Reuters) – The U.S. special envoy for North Korea… Continue reading U.S., S.Korea envoys discuss jumpstarting talks with North Korea

S.Korea stocks track Wall Street higher on optimism over upbeat corporate earnings

* KOSPI rises, foreigners net sellers * Korean won weakens against U.S. dollar * South Korea benchmark bond yield falls SEOUL, May 6 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares rose on Thursday tracking overnight Wall Street gains, as investors focussed on optimism over upbeat corporate earnings in both the… Continue reading S.Korea stocks track Wall Street higher on optimism over upbeat corporate earnings

Israel Aerospace signs deal for Boeing 777 cargo conversions in South Korea

FILE PHOTO: An IAI cargo Boeing 777 flies over Masada during a flyover by IAI (Israel Aerospace Industries) planes on Israel’s Independence Day, which marks the 73rd anniversary of the creation of the state, Israel April 15, 2021. REUTERS/Amir Cohen/File Photo JERUSALEM (Reuters) – Israel Aerospace Industries (IAI) said on Tuesday it plans to open… Continue reading Israel Aerospace signs deal for Boeing 777 cargo conversions in South Korea

Israel Aerospace signs deal for Boeing 777 cargo conversions in South Korea

FILE PHOTO: An IAI cargo Boeing 777 flies over Masada during a flyover by IAI (Israel Aerospace Industries) planes on Israel’s Independence Day, which marks the 73rd anniversary of the creation of the state, Israel April 15, 2021. REUTERS/Amir Cohen/File Photo JERUSALEM (Reuters) – Israel Aerospace Industries (IAI) said on Tuesday it plans to open… Continue reading Israel Aerospace signs deal for Boeing 777 cargo conversions in South Korea

S.Korea shares close lower on worries over volatile U.S. bond yields

* KOSPI falls, foreigners net sellers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield falls * For the midday report, please click SEOUL, March 22 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares fell on Monday as concerns over volatile U.S. bond yields and heightened Sino-U.S.… Continue reading S.Korea shares close lower on worries over volatile U.S. bond yields

Blinken says U.S. weighs pressure, diplomatic options on North Korea

South Korean Foreign Minister Chung Eui-yong gestures next to U.S. Secretary of State Antony Blinken before the Foreign and Defense Ministerial meeting between South Korea and U.S. at the Foreign Ministry in Seoul, South Korea, March 18, 2021. Lee Jin-man/Pool via REUTERSSEOUL (Reuters) – Both pressure and diplomatic options are on the table for dealing… Continue reading Blinken says U.S. weighs pressure, diplomatic options on North Korea

S.Korea stocks close at one-week high after reports of Kia-Apple deal

* KOSPI rises, foreigners net buyers * Korean won strengthens against U.S. dollar * S.Korea benchmark bond yield inches down * For the midday report, please click SEOUL, Feb 3 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares rose for a third straight day on Wednesday as auto shares were boosted… Continue reading S.Korea stocks close at one-week high after reports of Kia-Apple deal

U.S. envoy arrives in South Korea amid stalled efforts to restart talks with the North

FILE PHOTO: U.S. Deputy Secretary of State Stephen Biegun speaks at a news briefing with South Korea’s First Vice Foreign Minister Cho Sei-young after their meeting at the foreign ministry in Seoul, South Korea, July 08, 2020. Chung Sung-Jun/Pool via REUTERSSEOUL (Reuters) – Washington’s top North Korea envoy arrived in South Korea on Tuesday for… Continue reading U.S. envoy arrives in South Korea amid stalled efforts to restart talks with the North

U.S. envoy arrives in South Korea amid stalled efforts to restart talks with the North

FILE PHOTO: U.S. Deputy Secretary of State Stephen Biegun speaks at a news briefing with South Korea’s First Vice Foreign Minister Cho Sei-young after their meeting at the foreign ministry in Seoul, South Korea, July 08, 2020. Chung Sung-Jun/Pool via REUTERSSEOUL (Reuters) – Washington’s top North Korea envoy arrived in South Korea on Tuesday for… Continue reading U.S. envoy arrives in South Korea amid stalled efforts to restart talks with the North

Chinese foreign minister arrives in South Korea amid talk about Xi visit

SEOUL (Reuters) – Chinese Foreign Minister Wang Yi arrived in South Korea for talks on Wednesday amid talk of a trip to Seoul by Chinese President Xi Jinping.FILE PHOTO: China’s State Councilor and Foreign Minister Wang Yi waves as he leaves a joint news conference with his Japanese counterpart Toshimitsu Motegi, amid the coronavirus disease… Continue reading Chinese foreign minister arrives in South Korea amid talk about Xi visit

South Korea to ask North Korea to probe shooting death of South Korean official

SEOUL (Reuters) – South Korea’s presidential office said on Saturday it will ask North Korea to further investigate the fatal shooting of a South Korean fisheries official, as public and political outrage over the killing grew. After a National Security Council meeting last night, South Korea said it would call for a joint probe into… Continue reading South Korea to ask North Korea to probe shooting death of South Korean official

North Korea regrets killing S.Korean to control coronavirus amid public backlash

SEOUL (Reuters) – North Korea expressed regret on Friday that it shot dead a missing South Korean to prevent the spread of coronavirus, the South’s national security adviser said, amid growing political and public backlash.FILE PHOTO: A North Korean flag flutters on top of a 160-metre tower in North Korea’s propaganda village of Gijungdong, in… Continue reading North Korea regrets killing S.Korean to control coronavirus amid public backlash

South Korea, China hold highest-level talks since COVID-19 outbreak

SEOUL (Reuters) – South Korea started talks with China’s top diplomat on Saturday, the first visit by a high-level Beijing official since the new coronavirus emerged in China late last year. Yang Jiechi, a member of the Communist Party Politburo, was meeting South Korea’s new national security adviser, Suh Hoon, in the southern port city… Continue reading South Korea, China hold highest-level talks since COVID-19 outbreak

South Korea, China hold highest-level talks since COVID-19 outbreak

SEOUL (Reuters) – South Korea started talks with China’s top diplomat on Saturday, the first visit by a high-level Beijing official since the new coronavirus emerged in China late last year. Yang Jiechi, a member of the Communist Party Politburo, was meeting South Korea’s new national security adviser, Suh Hoon, in the southern port city… Continue reading South Korea, China hold highest-level talks since COVID-19 outbreak

South Korea enters recession as exports plunge by most since 1963

SEOUL (Reuters) – South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed factories. Asia’s fourth-largest economy shrank by a seasonally adjusted 3.3% in the June quarter from three months earlier, the Bank of Korea… Continue reading South Korea enters recession as exports plunge by most since 1963

Pandemic pushes South Korea into recession as GDP contracts 3.3% in Q2

SEOUL (Reuters) – South Korea’s economy recorded its first technical recession since 2003 in the June quarter, as health restrictions from the coronavirus pandemic hammered economic activities and global demand. Gross domestic product (GDP) decreased by a seasonally adjusted 3.3% in the June quarter, the central bank said on Thursday, after declining 1.3% in the… Continue reading Pandemic pushes South Korea into recession as GDP contracts 3.3% in Q2

S.Korea's July 1-20 exports fall 12.8%, more than in June

SEOUL, July 21 (Reuters) – South Korean exports fell during the first 20 days of July by a larger percentage than in June as protracted a lockdown and delay in economic reopenings across the world cut global demand. The country’s overseas sales during July 1-20 dropped 12.8% from the same period a year earlier, while… Continue reading S.Korea's July 1-20 exports fall 12.8%, more than in June

South Korea revokes licences of leaflet-sending anti-North groups

SEOUL (Reuters) – South Korea cancelled on Friday the licences of two anti-North Korea groups that send propaganda leaflets into the North infuriating its government and undermining South Korean efforts to engage with its isolated neighbour. Groups run by North Korean defectors have for years sent anti-North Korea leaflets, along with food, medicine, $1 bills,… Continue reading South Korea revokes licences of leaflet-sending anti-North groups

North Korean army 'fully ready' for action over South Korean propaganda leaflets: KCNA

SEOUL (Reuters) – North Korea’s army is ready to take action if defector groups push ahead with their campaign to send propaganda leaflets into North Korea, state media said on Tuesday, in the latest warning of retaliatory measures. The General Staff of the Korean People’s Army (KPA) said it has been studying an “action plan”… Continue reading North Korean army 'fully ready' for action over South Korean propaganda leaflets: KCNA

U.S. embassy in Seoul displays Black Lives Matter banner in support of anti-racism protests

SEOUL (Reuters) – The U.S. embassy in Seoul draped a huge Black Lives Matter banner on its mission building and tweeted a picture of it in support of an anti-racism campaign across America. “The U.S. Embassy stands in solidarity with fellow Americans grieving and peacefully protesting to demand positive change. Our #BlackLivesMatter banner shows our… Continue reading U.S. embassy in Seoul displays Black Lives Matter banner in support of anti-racism protests

S.Korea's April 1-10 exports tumble as coronavirus ravages global demand

SEOUL, April 13 (Reuters) – South Korean exports for the first 10 days of April tumbled as the coronavirus health crisis upended global supply chains and knocked demand. Asia’s fourth-largest economy is considered a bellwether for world trade and is the first major exporting nation to release monthly trade data. Exports for the first 10… Continue reading S.Korea's April 1-10 exports tumble as coronavirus ravages global demand

South Korean restaurant owners voice concerns over $4 billion Delivery Hero deal

SEOUL (Reuters) – South Korean restaurant owners expressed concern on Monday over food delivery giant Delivery Hero’s (DHER.DE) proposed $4 billion acquisition of its local rival, saying the move could undermine competition and lead to higher fees. Delivery Hero, the second-largest food delivery app operator in South Korea, said last month that it agreed to… Continue reading South Korean restaurant owners voice concerns over $4 billion Delivery Hero deal