SEOUL: South Korea should seek “balanced” diplomacy in the face of intensifying inter-Korean tensions and military cooperation between North Korea and Russia, National Assembly Speaker Woo Won-Shik said Friday.

Woo made the remark during an annual pe…

SEOUL: Chinese Ambassador to South Korea Xing Haiming is expected to leave his post after more than four years on the job as Beijing has decided to replace him, according to diplomatic sources Friday.

The Chinese government reportedly instructed him …

By Woo Jae-yeon

TvN’s popular reality show “Jinny’s Kitchen” returned for its second season, introducing Korea’s first restaurant in Iceland, featuring a hearty bowl of hot beef soup.

“This aligns with our goal of promoting Korean cuisine,” produce…

SEOUL: Seoul shares ended higher Friday as investors waited for clues about the direction of the U.S. rate decision with key data due later in the day. The local currency rose sharply against the U.S. dollar.

The benchmark Korea Composite Stock Price…

SEOUL: President Yoon Suk Yeol vowed Friday to overcome North Korea’s provocations and other global challenges by strengthening trilateral cooperation with the United States and Japan.

Yoon made the pledge in a message read on his behalf at the openi…

1-year TB 3.328 3.348 -2.0

2-year TB 3.243 3.281 -3.8

3-year TB 3.182 3.220 -3.8

10-year TB 3.266 3.300 -3.4

2-year MSB 3.252 3.283 -3.1

3-year CB (AA-) 3.658 3.684 -2.6

91-day CD 3.600 3.600 0.0

Source: Yonhap News Agency

SEOUL: Banks’ loan rate slightly rose in May, as the central bank has frozen its key rate for more than a year amid still-high inflation, data showed Friday.

The average lending rate of banks applied to new loans last month came to 4.78 percent, up f…

Today (%) Previous Session(%) Change (BP)

1-year TB 3.335 3.348 -1.3

2-year TB 3.263 3.281 -1.8

3-year TB 3.207 3.220 -1.3

10-year TB 3.296 3.300 -0.4

2-year MSB 3.270 3.283 -1.3

3-year CB (AA-) 3.668 3.684 -1.6

Source: Yonhap News Agency