The over 26,000 food radioactivity tests conducted in Seoul since the first release of treated radioactive water from the crippled Fukushima nuclear power plant one year ago have all met safety standards, city officials said Monday. The city government conducted 26,772 radioactivity tests on food items during the year following the first water release from Japan’s tsunami-hit Fukushima nuclear power

South Korea’s average daily maximum power demand reached a new high in August as the country experienced scorching summer heat that persisted throughout the month, data showed Monday. The country’s peak power demand in August averaged 87.8 gigawatts, a 6.1 percent increase from a year earlier, according to the Korea Power Exchange. The increase was driven by the higher electricity

Stuck in a lost season, once-mighty Jeonbuk Hyundai Motors have assured themselves of a spot in the bottom half of the K League 1 for the first time in club history. Jeonbuk played FC Seoul to a goalless draw at home, Jeonju World Cup Stadium in Jeonju, some 190 kilometers south of Seoul, on Sunday. Jeonbuk improved to 30 points

The finance ministry said Monday it will push to reduce 32.1 trillion won (US$24.01 billion) of debt incurred by 14 financially troubled public companies combined by 2026 through asset sales and organization restructuring. According to the revised financial management plan, the government set the target debt amount for Korea Electric Power Corp. (KEPCO) and 13 other troubled state-run firms for

South Korean shares trimmed earlier losses to trade nearly flat late Monday morning. The benchmark Korea Composite Stock Price Index (KOSPI) slipped 0.28 point, or 0.01 percent, to 2,674.03 as of 11:20 a.m. The index earlier opened slightly lower on sharp declines in tech and auto shares. The index had dipped more than 1 percent Thursday on reports of the

Today (%) Previous Session(%) Change (BP) 1-year TB 3.061 3.060 +0.1 2-year TB 3.086 3.067 +1.9 3-year TB 2.982 2.953 +2.9 10-year TB 3.105 3.088 +1.7 2-year MSB 3.049 3.022 +2.7 3-year CB (AA-) 3.537 3.503 +3.4 Source: Yonhap News Agency

Insurance companies in South Korea posted a slight growth in their net profit in the first six months of the year from a year earlier but solely on a rise in the income of non-life insurers, data showed Monday. The combined net income of 22 life insurers and 31 non-life insurance companies here came to 9.36 trillion won (US$7 billion)

The Nuclear Safety and Security Commission (NSSC) said Monday it has requested a budget of 276.9 billion won (US$206.6 million) for next year to push for devising a regulation system for next-generation nuclear reactors. The 2025 budget marks a slight increase from a 260.9 billion-won budget for this year. The NSSC said it plans to invest 15.47 billion won in