General

NIS voices doubt over N. Korea’s ability to supply missiles to launchers

The National Intelligence Service (NIS) expressed skepticism Monday over North Korea’s ability to supply missiles to the hundreds of new launchers it plans to deploy to the front lines, lawmakers said. Earlier this month, North Korea reported that its leader Kim Jong-un attended a ceremony to mark the transfer of new tactical missile launchers to front-line units, describing them as

The Korea Interbank Offered Rates (KORIBOR)

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

Insurance firms’ lending falls in H1

Loans extended by insurance firms in South Korea dropped in the first half of the year amid a slight rise in their loan default rate, data showed Monday. Outstanding loans extended by insurance companies here came to 266.4 trillion won (US$200.4 billion), down 6.8 trillion won from six months earlier, according to the data from the Financial Supervisory Service. From

Health authorities step up stable supply of COVID-19 treatments

Health authorities said Monday they have secured COVID-19 treatments for 177,000 patients, stepping up efforts for a stable supply of pills as the summer wave is expected to peak this week. “Since Aug. 15, a total of 262,000 doses of COVID-19 treatments have been supplied in phases,” said Son Young-rae, a senior official from the Korea Disease Control and Prevention

Another tropical night in Seoul after brief halt

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

2 S. Korean players qualify for PGA Tour playoff finale

Two South Korean players have qualified for the final playoff event of the PGA Tour, with one having extended his appearance streak to six while the other is about to make his debut. Im Sung-jae and An Byeong-hun stayed safely inside the top 30 in the FedEx Cup points standings following the conclusion of the second playoff event, the BMW