General

S. Korea adds fewer than 100,000 jobs for 2nd month in June

South Korea added fewer than 100,000 jobs for the second consecutive month in June, data showed Wednesday.

The number of employed people came to 28.91 million last month, up 96,000 from a year earlier, according to the data compiled by Statistics Ko…

Seoul shares open lower as Powell withholds hints on rate cuts

Seoul shares opened lower Wednesday, as investors sat on the sidelines after Federal Reserve Chairman Jerome Powell fell short of offering more details on the path of the Fed’s rate policy.

The benchmark Korea Composite Stock Price Index (KOSPI) fel…

Investment funds gain 98 tln won in H1

The value of investment funds in South Korea rose sharply in the first six months of the year, data showed Wednesday.

The net asset value of investment funds here came to 1,069.5 trillion won (US$771.8 billion) as of end-June, up 98.1 trillion won f…

Lions sign new outfielder Cardenas

The Samsung Lions announced their signing of new outfielder Ruben Cardenas on Wednesday.

The Lions said Cardenas, 26, will make US$477,000 for the rest of this Korea Baseball Organization season.

Cardenas is replacing David MacKinnon in the Lions’ …

Lee Jae-myung announces bid for 2nd term as DP chief

Rep. Lee Jae-myung, former leader of the main opposition Democratic Party (DP), declared his bid on Wednesday for a second term as the party leader in the elections slated for next month.

“I will sacrifice everything I have to change ‘today’s despai…

(EDITORIAL from Korea Times on July 10)

The People Power Party’s (PPP) leadership selection process is taking a surprising turn ahead of the ruling party’s national convention on July 23.

The disclosure on July 4 of texts sent by first lady Kim Keon Hee to former PPP interim chief Han Don…