July 2, 2024

(EDITORIAL from Korea Times on July 2)

The U.S. presidential race has entered a phase of increased unpredictability following the first debate between President Joe Biden and his rival, Donald Trump. The televised debate on Thursday saw both candidates exchanging fiery rhetoric on a range…

Kakao to open Seoul’s 1st K-pop arena in 2027

SEOUL, Kakao Corp., a South Korean tech company, said Tuesday it broke ground to build Seoul’s first K-pop-destined performance hall in cooperation with the Seoul city government.

Seoul Arena, with a capacity to accommodate up to 28,000 people, aims…

(EDITORIAL from Korea JoongAng Daily on July 2)

Uncertainty has swept the political scene in the United States with only four months left before the Nov. 5 presidential election. Last Thursday’s first TV debate between President Joe Biden, 81, and former President Donald Trump, 78, highlighted Bid…

Seoul shares fall sharply ahead of key economic events in U.S.

SEOUL, South Korean stocks fell sharply Tuesday ahead of key economic events in the United States later this week. The local currency traded weaker against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 23.45 points, o…

(2nd LD) Inflation slows to 11-month low of 2.4 pct in June

SEOUL, South Korea’s consumer prices slowed to an 11-month low in June, though prices of fresh food items and petroleum products remained high, data showed Tuesday.

Consumer prices, a key gauge of inflation, rose 2.4 percent on-year last month, comp…