North Korea has held a meeting to hand out gifts to participants in the latest national conference of mothers, state media reported Wednesday, in an apparent move to secure their loyalty amid a declining birth rate. The central committee of the ruling Workers' Party provided the participants with significant gifts "associated with the meticulous paternal affection" of leader Kim Jong-un. Kim did not attend Tuesday's event, but the Korean Central News Agency said he made sure

North Korea Dec. 6, 2023

South Korean stocks started a tad higher Wednesday led by gains in tech and financial shares. The benchmark Korea Composite Stock Price Index gained 5.65 points, or 0.23 percent, to 2,499.93 in the first 15 minutes of trading. Overnight, U.S. stocks finished mixed, with the Dow Jones Industrial Average retreating 0.2 percent and the tech-heavy Nasdaq Composite edging up 0.3 percent. In Seoul, chipmakers lent support to the positive opening, with No. 1 Samsung Electronics rising 0.84 percent and

Market Dec. 6, 2023

A five-time Korean tour winner Lee So-mi is closing in on the top prize at the LPGA Tour qualifying tournament in Alabama. Lee shot a nine-under 63 in the fifth and penultimate round of the LPGA Q-Series at Robert Trent Jones Golf Trail at Magnolia Grove in Mobile, Alabama, on Tuesday (local time). Following the bogey-free round that matched the Q-Series course record, Lee leads Robyn Choi of Australia by two strokes at 27-under heading into Wednesday's finale. Players finishing inside the

Golf Dec. 6, 2023

President Yoon Suk Yeol's approval rating dropped 4 percentage points from a month earlier to 33 percent, according to a survey conducted jointly by Yonhap News Agency and Yonhap News TV on Wednesday. The survey also showed that the ruling People Power Party and the main opposition Democratic Party (DP) would secure 31 percent and 36 percent of the vote, respectively, if the general elections were to take place tomorrow. Yonhap News Agency and Yonhap News TV jointly commissioned the survey

Politics Dec. 6, 2023

Hwang Hee-chan of Wolverhampton Wanderers has netted his eighth goal of the Premier League season, keeping pace with the league leaders in the scoring race. Hwang scored in the 42nd minute to help Wolves past Burnley 1-0 at Molineux Stadium in Wolverhampton, England, on Tuesday (local time). It snapped Wolves' two-match losing skid, as they improved to 18 points on five wins, three draws and seven losses. Hwang climbed into a three-way tie for fourth place in goals in the Premier League, jo

Soccer Dec. 6, 2023

Korea and Japan held working-level diplomatic consultations Tuesday to discuss pending bilateral issues and ways to boost bilateral ties, Seoul's foreign ministry said. Seo Min-jung, director general for Asia and Pacific affairs at South Korea's foreign ministry, met with her Japanese counterpart Hiroyuki Namazu to assess bilateral relations and exchange views on "issues of shared interest," the ministry said in a press release. The ministry didn't give details, but ther

Foreign Affairs Dec. 5, 2023

South Korean All-Star closer Go Woo-suk has been posted for Major League Baseball clubs, the league office here announced Tuesday. The Korea Baseball Organization said MLB notified its 30 clubs of Go's posting by his domestic club, LG Twins, on Monday (US time), confirming US media reports from earlier in the day. The 25-year-old right-hander is now able to sign with any big league team within the 30-day negotiating window, which opens at 8 a.m. Eastern Time on Tuesday and will end at 5 p.m

Baseball Dec. 5, 2023

The finance ministers of South Korea and Britain on Tuesday discussed the establishment of a bilateral economic dialogue and investment cooperation channels as follow-up measures to last month's summit of their leaders, Seoul's finance ministry said. During a video conference with Britain's Chancellor of the Exchequer Jeremy Richard Streynsham Hunt, South Korea's Finance Minister Choo Kyung-ho voiced expectations for stronger bilateral cooperation on energy, supply chains a

Economy Dec. 5, 2023

South Korean and global security experts saw it unlikely for the growing competition between the United States and China to end soon, with some even predicting an armed conflict within the next five years, a report showed Tuesday. In the "2023 Near Global Survey Report of the World Order" released by the NEAR Foundation, an independent think tank specializing in Northeast Asia, 15 percent of the 42 experts surveyed believed a military clash between Beijing and Washington is likely to b

Foreign Affairs Dec. 5, 2023

South Korea's economy grew 0.6 percent in the third quarter of the year, matching an earlier estimate, on the back of reviving exports and domestic demand, central bank data showed Tuesday. The country's real gross domestic product -- a key measure of economic growth -- increased 0.6 percent on-quarter in the July-September period, according to data from the Bank of Korea (BOK). The third-quarter expansion compares with the 0.6 percent on-quarter expansion in the second quarter and the

Economy Dec. 5, 2023

Seoul shares got off to a weak start Tuesday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index retreated 17.21 points, or 0.68 percent, to 2,497.74 in the first 15 minutes of trading. On Monday, all three major US indexes lost ground ahead of the release of key job market data later this week, including an October update on job openings. The S&P 500 gave back 0.54 percent after hitting its highest level in over a year the previous session. The Dow Jon

Market Dec. 5, 2023

South Korea's inflation grew at a slower pace last month, though it stayed above 3 percent for the fourth consecutive month amid high prices of energy and farm goods, data showed Tuesday. Consumer prices, a key gauge of inflation, rose 3.3 percent in November from a year earlier, compared with a 3.8 percent on-year increase the previous month, according to the data from Statistics Korea. It is the first time in four months that the annual price growth has eased. The on-year price growth fell bel

Economy Dec. 5, 2023

The US Department of State said Monday that South Korea is not the subject of UN Security Council sanctions, after North Korea accused the United States of having a "double standard" over space programs. Last month, the North launched a space rocket to put a military spy satellite into orbit, drawing international criticism that it violated multiple UNSC resolutions banning any launch using ballistic missile technology. South Korea also launched a military reconnaissance satellite from

Foreign Affairs Dec. 5, 2023

The rival parties called Monday for the government to come up with countermeasures against Beijing's recent halt in urea exports to South Korea, voicing concerns it could lead to another urea crisis. On Sunday, government and industry officials said that China has recently halted customs procedures for urea exports to South Korea and has yet to respond to Seoul's request for an explanation. Sources have said the government assumes the Chinese action was not a formal export control meas

Politics Dec. 4, 2023

Ulsan Hyundai FC defender Kim Young-gwon was voted the most valuable player (MVP) in South Korean football's top division Monday, and to hear the man himself tell it, Kim almost didn't even make it this far into the season to grab that award. After accepting his K League 1 MVP trophy at an awards ceremony in Seoul, Kim revealed that he had a lucrative offer from a foreign club during this season. Ulsan head coach Hong Myung-bo convinced Kim to stay with Ulsan, and the center back helpe

Soccer Dec. 4, 2023