July 31, 2024

Industrial output inches down, but domestic demand grows in June

South Korea’s industrial output fell for the second consecutive month in June, but retail sales and facility investment rebounded, data showed Wednesday.

Industrial output inched down 0.1 percent on-month in June, following a 0.8 percent fall a mont…

(EDITORIAL from Korea JoongAng Daily on July 31)

The presidential office on Tuesday announced a plan to establish an office for first lady Kim Keon-hee to guide the role as the wife of the president. The announcement came nearly at the halfway point of Yoon Suk Yeol’s presidency – and five months a…

(EDITORIAL from Korea Times on July 31)

Online commerce woes

Korea’s e-commerce sector requires sound governance, stricter management

After several weeks of crisis caused by delayed payments on Qoo10’s two e-commerce platforms, TMON and WeMakePrice, both the Korean government and the fou…

Seoul shares spike over 1 pct on tech gains amid rate cut hopes

Seoul shares ended sharply higher Wednesday on tech gains amid expectations that the U.S. Federal Reserve may begin a rate cutting cycle within months. The Korean won rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOS…

China, Russia vying for influence over N. Korea: Campbell

China and Russia are competing for influence over North Korea while Beijing is “anxious” over Moscow’s steps to deepen cooperation with Pyongyang, a senior U.S. diplomat said Tuesday, touting America’s “deeper” partnerships with its allies and partne…

(Olympics) S. Korea finishes 6th in men’s freestyle relay

South Korea finished sixth in its first-ever final of an Olympic swimming relay race on Tuesday, unable to overcome an early gap.

The team of Yang Jae-hoon, Lee Ho-joon, Kim Woo-min and Hwang Sun-woo posted a time of 7:07.26 in the men’s 4×200-meter…