South Korean shares on Monday closed slightly lower for the second straight day as investors sought to cash in recent gains after Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month. The local currency rose to the highest in over five months against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) lost 3.68

Rising star Go Min-si revels in portraying roles that are markedly different from her real-life self. In her latest Netflix original Korean series, “The Frog,” which she calls her favorite show to date, she exemplifies this talent. “I want to be the kind of actor who makes audiences look forward to her next project,” she said in an interview with

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

The Korean Health and Medical Workers’ Union has announced that it will start a simultaneous strike at 61 large hospitals across the country on Thursday. The union represents nurses, their assistants and medical technicians. It decided to enter a general strike after 82 percent of its members participated in a vote last week and 91 percent of them supported the

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) 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

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

The antitrust regulator said Monday that it is looking into e-commerce giant Coupang Inc. regarding allegations that it has unfairly bundled its food delivery service and music streaming platform while raising membership fees.

The company was accuse…