General

Opposition party accuses Yoon gov’t of ‘submissive’ diplomacy with Japan

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,”

Monday’s weather forecast

The following is the weather forecast for South Korea’s 12 major cities at 9:01 a.m. Monday. Temperature (C) Condition Possibility High/Low of Rain (%) Seoul 31/25 Cloudy 30 Incheon 30/26 Cloudy 30 Suwon 32/24 Cloudy 30 Cheongju 33/26 Sunny 60 Daejeon 33/25 Sunny 60 Chuncheon 31/23 Heavy Rain 60 Gangneung 31/25 Heavy Rain 60 Jeonju 33/25 Cloudy 30 Gwangju 33/25

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