South Korea racked up a current account surplus for the third consecutive month in July, driven by robust exports, central bank data showed Friday. The country's current account surplus reached $9.13 billion in July, marking a surplus for the third consecutive month, according to data compiled by the Bank of Korea. The July surplus was smaller than the previous month's $12.56 billion, the largest since September 2017. The country's goods account racked up an $8.49 billion surplus in July followi

Economy Sept. 6, 2024

South Korea failed to sell out their World Cup qualifying match in Seoul on Thursday, the first time since October last year that the Taegeuk Warriors did not play in front of a full house at home. The Korea Football Association (KFA) said about 4,000 tickets had been left unsold an hour before the 8 p.m. kickoff for the Group B match of the third round in the Asian World Cup qualification between South Korea and Palestine at Seoul World Cup Stadium. The stadium seats about 65,000. South Korea h

Soccer Sept. 5, 2024

South Korea's industry and science ministers met with a senior Czech official Thursday to discuss bilateral cooperation, building on a recent nuclear power plant deal between the two countries. Industry Minister Ahn Duk-geun met with Czech National Security Adviser Tomas Pojar who was visiting Seoul as a special envoy of the prime minister, expressing hope for closer ties in areas including the nuclear energy industry, according to the Ministry of Trade, Industry and Energy. In July, the Cz

Industry Sept. 5, 2024

South Korean captain Son Heung-min earned his 128th international cap on Thursday to grab the sole possession of fourth place on the country's all-time list. Son was inserted into the starting lineup against Palestine in the countries' Group B match of the third round in the Asian qualification for the 2026 FIFA World Cup. The match was to kick off at 8 p.m. at Seoul World Cup Stadium. Son, captain for both South Korea and the Premier League club Tottenham Hotspur, had been tied with L

Soccer Sept. 5, 2024

North Korea floated trash-carrying balloons into South Korea for a second straight day on Thursday, South Korea's military said, the latest in its repeated provocations Seoul condemned as "senseless." The Joint Chiefs of Staff (JCS) said it detected the North launching some 480 trash balloons from late Wednesday until 12 p.m. Thursday, with around 100 trash bundles landing in Seoul and northern parts of Gyeonggi Province that surrounds the capital. In a notice sent to reporters at

Social Affairs Sept. 5, 2024

South Korean shares dropped for a third consecutive session Thursday amid concerns of an economic recession in the United States. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index lost 5.30 points, or 0.21 percent, to close at 2,575.50. Trading volume was moderate at 371 million shares worth 10 trillion won ($7.48 billion), with losers outnumbering winners 519 to 358. Retail investors purchased a net 457.6 billion won worth of local shares, extending

Market Sept. 5, 2024

South Korea will tighten export controls against Russia and Belarus by expanding its list of items subject to export restrictions, including machine tool parts and sensors, in response to Moscow's invasion of Ukraine, the industry ministry said Thursday. According to the revision to the regulations on trading strategic items, South Korea added 243 more items that can potentially be used for military purposes to the list of items that are banned from shipping to Russia and Belarus, according

Foreign Affairs Sept. 5, 2024

A senior South Korean diplomat has called for joint efforts among the countries of the North Atlantic Treaty Organization and in the Indo-Pacific to act against growing cyberthreats, the foreign ministry said Thursday. Rhee Dong-yeol, ambassador for international cybersecurity affairs, made the call during the Cyber Champions Summit held in Australia on Wednesday, as he particularly noted the need to address the spread of misinformation as a key focus for international cooperation against cybert

Foreign Affairs Sept. 5, 2024

North Korea again started floating balloons into South Korea on Thursday morning, South Korea's military said, hours after it sent hundreds of balloons across the border the previous day. "As North Korea has again been floating balloons since 9 a.m., we advise the public to beware of falling objects and report to nearby military units or the police when discovering a fallen balloon," the Joint Chiefs of Staff (JCS) said in a notice to reporters. The move came after North Korea sen

North Korea Sept. 5, 2024

Seoul shares opened higher Thursday as investors sought to pick up blue chip bargains, one day after the local market plunged by more than 3 percent on US woes. The benchmark Korea Composite Stock Price Index added 21.63 points, or 0.84 percent, to 2,602.43 in the first 15 minutes of trading. The index had dipped 3.15 percent the previous day on growing concerns of a US economic slowdown following a worse-than-expected manufacturing purchasing managers index for August. US stocks closed mixed ov

Market Sept. 5, 2024

President Yoon Suk Yeol made a late night visit to a hospital emergency room Wednesday to encourage medical staff and promise the government's unwavering support amid growing strains on health care services. Yoon visited a regional emergency medical center in Gyeonggi Province surrounding Seoul as the government began deploying military doctors and public physicians to hospital emergency rooms across the country the same day. His visit came amid mounting concerns hospital ERs in particular

Politics Sept. 4, 2024

North Korea again launched balloons likely carrying trash toward South Korea on Wednesday, the Joint Chiefs of Staff said, marking a resumption of its trash-balloon campaign after a near monthlong halt. The JCS said an unspecified number of balloons could travel to northern Gyeonggi Province, just north of Seoul, and advised the public not to touch fallen balloons and report them to the military or police. Since late May, the North has launched thousands of balloons carrying trash in a tit-for-t

North Korea Sept. 4, 2024

Park Byung-ho of the Samsung Lions became the third player in South Korean baseball to hit 400 home runs Wednesday. Park belted his 400th homer to lead off the bottom of the second inning against the Doosan Bears in their Korea Baseball Organization regular-season game at Samsung Lions Park in Daegu, some 230 kilometers southeast of Seoul. Park drove a forkball from Bears starter Choi Seung-yong over the right-center field fence for the milestone. He has now homered in four consecutive games.

Baseball Sept. 4, 2024

With the new head coach and a few new faces aboard for South Korea, captain Son Heung-min has a lot to juggle as the Taegeuk Warriors prepare to host Palestine in a World Cup qualifier. He will have to be the bridge between Hong Myung-bo, about to begin his second stint as the senior men's bench boss, and the rest of the team, while also making sure a handful of youngsters can find their footing. Son also has a crucial on-pitch role as the team's offensive engine. The 32-year-old said

Soccer Sept. 4, 2024

South Korean shares dipped to a month low Wednesday as concerns of an economic slowdown weighed down investor sentiment. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) lost 83.83 points, or 3.15 percent, to close at 2,580,80. Trade volume was heavy at 448.8 million shares worth 11.2 trillion won ($8.35 billion), with losers outnumbering gainers 859 to 51. Foreign investors offloaded 986 billion won worth of local shares, becoming net seller

Market Sept. 4, 2024