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(LEAD) Seoul shares up for 4th day on hopes for rate cuts by Fed

South Korean stocks closed higher for the fourth consecutive session Wednesday as cooler-than-expected U.S. producer price data soothed concerns and boosted investors’ sentiment. The local currency sharply rose against the U.S. dollar.

The benchmark…

Severe floods in N. Korea could cut its 2024 crop output: FAO

North Korea’s crop output for this year could be dented by severe floods from the latest heavy rains and a possible increase in pest infestations, the Food and Agriculture Organization (FAO) said Wednesday.

North Korea is expected to receive above-a…

Schedule a meeting of the caretaker cabinet tomorrow.

Urgent meeting of the acting cabinet on 15 Aug. 2024 at 2:00 p.m. to discuss the order to appoint an acting person to drive the work.

Reporters reported that after the Constitutional Court had a majority vote of 5 to 4, ruling that the ministerial s…