South Korean shares fell as investors took to the sidelines ahead of key U.S. data. The local currency lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost 16.37 points, or 0.61 percent, to close at 2,664.63. Trade volume was moderate at 291 million shares worth 8.8 trillion won (US$6.56 billion), with gainers outnumbering losers

Industry Minister Ahn Duk-geun met his Bulgarian counterpart on Tuesday to sign a memorandum of understanding on forging deeper ties in the energy sector, including the nuclear power industry. Ahn inked the agreement with his Bulgarian counterpart, Vladimir Malinov, in Seoul to seek bilateral energy cooperation in the face of geopolitical uncertainties, including the Middle East crisis, according to the

– Hanwha Ocean Co., a major South Korean defense and shipbuilding company, said Tuesday it has begun maintenance, repair and overhaul (MRO) services for a 40,000-ton logistics support vessel of the U.S. Navy. The Wally Schirra arrived at Hanwha Ocean’s shipyard in Geoje on the southern coast of South Korea on Monday for regular maintenance, according to the Korean shipbuilder.

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Social network platform companies should be obligated to delete deepfake pornographic materials or face penalties if they do not comply as part of efforts to root out deepfake crimes, a criminal profiler said Tuesday. Lee Soo-jung, a forensic psychology professor at Kyonggi University in Seoul, made the remark during a policy debate hosted by the Women’s Human Rights Institute of

ormer U.N. Secretary-General Ban Ki-moon said Tuesday South Korea needs to continuously “persuade” China to understand that the two Koreas’ unification will not only contribute to global peace but also serve its own interests. Ban made the remarks during the Global Korea Forum (GKF), a global forum hosted by the unification ministry and designed to garner international support for South

The Bank of Korea (BOK) said Tuesday it expects consumer inflation to remain stable for the time being, reinforcing views that the central bank may consider a policy pivot. BOK Deputy Gov. Kim Woong made the remarks after consumer prices slowed to the lowest level in nearly 3 1/2 years in August. “Inflation is expected to remain stable for the

The United States’ commitment to providing South Korea with its “nuclear umbrella” against North Korea’s nuclear and missile threats might weaken under the presidency of Donald Trump if he is reelected, a senior South Korean security official said Tuesday. Principal Deputy National Security Adviser Kim Tae-hyo made the projection, citing Trump’s well-known perspective of alliances as costs that U.S. allies