South Korean shares traded a tad lower late Monday morning as investors sought to cash in gains amid U.S. rate cut hopes. The benchmark Korea Composite Stock Price Index (KOSPI) shed 3.49 points, or 0.13 percent, to 2,698.20 as of 11:20 a.m. The index had opened higher, tracking sharp increases on Wall Street. U.S. Fed Chair Jerome Powell hinted at

President Yoon Suk Yeol will have a summit with New Zealand Prime Minister Christopher Luxon in Seoul next week to discuss bilateral and regional issues, Yoon’s office said Monday. Luxon will make an official visit to South Korea from Sept. 4-5, during which the two leaders will hold talks focused on strengthening bilateral ties as well as regional and international

The main opposition Democratic Party (DP) accused the Yoon Suk Yeol administration on Monday of engaging in “submissive” diplomacy with Japan by appointing pro-Japan figures to key positions and removing public installations depicting the easternmost islets of Dokdo. “Since the start of the Yoon Suk Yeol administration, we have seen continued pro-Japan submissive diplomacy and a desperation to erase history,”

Seoul experienced another tropical night overnight, just a day after the end of a record 34-day streak of overnight temperatures remaining above 25 C, the Korea Meteorological Administration (KMA) said Monday. The lowest nighttime temperature overnight in the capital city was 25.6 C at 5:54 a.m., according to the KMA. Seoul had seen tropical nights every day from July 21

Jaehyun of K-pop supergroup NCT will make his debut as a solo artist with an album titled “J” on Monday, his agency said. The first individual album from Jaehyun will feature eight tracks, including both Korean and English versions of the lead single, “Smoke,” according to SM Entertainment. Jaehyun, a member of K-pop boy group NCT, is seen in this

The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. Term Today (%) Previous Session (%) 1-W 3.50 3.50 1-M 3.48 3.48 2-M 3.47 3.47 3-M 3.47 3.46 6-M 3.44 3.44 12-M 3.35 3.33 Source: Yonhap News Agency

Prosecutor General Lee One-seok said Monday that he will respect the upcoming conclusion by a panel of external private experts on first lady Kim Keon Hee’s luxury handbag case. Lee made the remarks after referring the case to the investigation review committee, an external body that deliberates on investigations of high public interest, last Friday. Earlier that week, he was

Premier League-bound teen sensation Yang Min-hyeok was named to the South Korean men’s national team for upcoming World Cup qualifying matches on Monday. Head coach Hong Myung-bo put Yang, the 18-year-old forward for Gangwon FC, on his 26-man squad for two World Cup qualifying matches scheduled for next month. To kick off Group B action in the third round of