General

Seoul shares slightly up late Tue. morning

South Korean stocks traded slightly higher late Tuesday morning as investors took to the sidelines ahead of important U.S. data. The benchmark Korea Composite Stock Price Index (KOSPI) gained 5.45 points, or 0.20 percent, to 2,686.45 as of 11:20 a.m. The index had opened slightly higher but trimmed earlier gains as investors took caution before the release of U.S. jobs

Tuesday’s weather forecast

The following is the weather forecast for South Korea’s 12 major cities at 9:01 a.m. Tuesday. Temperature (C) Condition Possibility High/Low of Rain (%) Seoul 31/22 Cloudy 30 Incheon 30/23 Cloudy 30 Suwon 30/22 Cloudy 30 Cheongju 31/24 Cloudy 30 Daejeon 31/23 Cloudy 30 Chuncheon 30/19 Cloudy 20 Gangneung 28/21 Cloudy 0 Jeonju 32/24 Rain 30 Gwangju 31/23 Rain 60

(LEAD) Japanese PM Kishida to visit S. Korea this week for last summit with Yoon

Japanese Prime Minister Fumio Kishida will visit South Korea later this week for talks with President Yoon Suk Yeol, the presidential office said Tuesday, as Kishida is preparing to leave office with a legacy of improving long-frayed relations with Seoul. After arriving Friday for a two-day visit, Kishida will hold talks with Yoon, where the two leaders will look back

PM rejects opposition-led suspicions of martial law plan

Prime Minister Han Duck-soo on Tuesday rejected opposition-led suspicions that the government is preparing to declare martial law with plans to arrest lawmakers who could make it void. Chairman Lee Jae-myung of the main opposition Democratic Party (DP) fueled the suspicions on Sunday by mentioning it during a live broadcast of his meeting with ruling People Power Party leader Han

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 3.49 3.49 2-M 3.49 3.49 3-M 3.50 3.49 6-M 3.46 3.46 12-M 3.39 3.38 Source: Yonhap News Agency

Casper Electric debuts as top selling Hyundai Motor EV model in Aug.

Casper Electric, the new entry-level mini SUV model from Hyundai Motor Co., made a strong debut last month to become the company’s bestselling electric vehicle model in South Korea, according to industry data Tuesday. The combined domestic sales of Hyundai Motor EVs, including the Casper Electric, Kona Electric, Ioniq 5, Ioniq 6 and Nexo, in August totaled 3,676 units. Casper

U.S. may reconsider approach to N.K.-Russia military ties under Harris’ leadership: senator

The United States may need to reevaluate its strategy on the expanding military ties between North Korea and Russia if Vice President Kamala Harris becomes president as Pyongyang’s alleged arms support for Moscow’s war in Ukraine is deeply troubling, a U.S. senator said Tuesday. In an interview with Yonhap News Agency, Sen. Chris Coons (D-Del) said the Biden administration’s North

Japanese PM Kishida to visit S. Korea this week for last summit with Yoon

Japanese Prime Minister Fumio Kishida will visit South Korea later this week for talks with President Yoon Suk Yeol, the presidential office said Tuesday, as Kishida is preparing to leave office with a legacy of improving long-frayed relations with Seoul. After arriving Friday for a two-day visit, Kishida will hold talks with Yoon, where the two leaders will look back