Business

S.Korea's Q3 GDP miss forecasts, supply disruptions add pressure

(Corrects typographical error in lede.)FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port in Incheon, South Korea, May 26, 2016.REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s economy grew at a slower-than-expected pace in the third quarter, as subdued private consumption and weak construction and facility investment offset robust exports. […]

Business

S.Korea lifts interest rates from record low as debt concerns grow

SEOUL (Reuters) -The Bank of Korea raised its policy rate for the first time in almost three years on Thursday, becoming the first major Asian central bank to shift away from pandemic-era monetary settings as surging household debt created new threats for the economy.A South Korea won note is seen in this illustration photo May […]

World News

South Korea's top diplomat in Washington to meet with Pompeo, Biden’s team: Yonhap

FILE PHOTO: South Korean Foreign Minister Kang Kyung-wha arrives to visit the Berlin Wall memorial at Bernauer Strasse, in Berlin, Germany, August 10, 2020. REUTERS/Fabrizio BenschSEOUL (Reuters) – South Korea’s foreign minister arrived in Washington on Sunday for talks with her American counterpart on a visit now overshadowed by Joe Biden’s projected win in the […]

World News

U.S. envoy plays down expectations for North Korea meet, but ready to talk

SEOUL (Reuters) – U.S. Deputy Secretary of State Stephen Biegun on Wednesday rejected reports that he was seeking to meet North Korean officials during a visit to South Korea this week but reiterated that Washington is open to resuming talks. The U.S. point man for North Korea, Biegun was in Seoul for meetings with South […]

World News

North Korea seen reinstalling border loudspeakers; satellite pictures show liaison office standing but damaged

SEOUL (Reuters) – North Korea is reinstalling loudspeakers blaring propaganda across the border in its latest step away from inter-Korean peace agreements, prompting the South’s military to explore similar moves, a South Korean military source said on Tuesday. Tension between the two Koreas has risen in recent weeks after the North blew up a joint […]

World News

U.N. chief regrets North Korea decision to cut hotlines with South

NEW YORK (Reuters) – U.N. Secretary-General Antonio Guterres regrets that North Korea has severed hotlines with South Korea, warning that such channels “are necessary to avoid misunderstandings or miscalculations,” a U.N. spokesman said on Wednesday. Pyongyang’s decision, announced by the KCNA state news agency on Tuesday, marks a new setback to stalled efforts to persuade […]