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Home » Archives for January 11, 2024 » Page 9

January 11, 2024

DP floor leader demands police reveal party affiliation of Chairman Lee’s attacker

January 11, 2024

The floor leader of the main opposition Democratic Party (DP) demanded Thursday that police disclose the party affiliation of Chairman Lee Jae-myung’s attacker, citing media reports that the suspect was a longtime member of the ruling People Power Pa…

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Seoul shares slightly up late Thus. morning following rate freeze

January 11, 2024

South Korean stocks were trading slightly higher late Thursday morning after the central bank stood pat on its key rate.

The benchmark Korea Composite Stock Price Index (KOSPI) had gained 7.94 points, or 0.31 percent, to 2,549.92 as of 11:20 a.m.

T…

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(3rd LD) Creditors vote to allow troubled builder Taeyoung to move forward with debt restructuring

January 11, 2024

Creditors of debt-ridden Taeyoung Engineering and Construction Co. voted Thursday to allow the ailing builder to move forward with a debt restructuring program.

Taeyoung, the 16th-largest builder in South Korea in terms of construction capacity, app…

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(LEAD) BOK extends rate pause amid slowdown, inflation woes

January 11, 2024

South Korea’s central bank froze its key interest rate for the eighth straight session Thursday to extend its rate pause to a year amid woes over a still weak economic recovery and slower-than-expected inflation moderation.

In a widely expected deci…

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2.4 magnitude earthquake strikes near N. Korea’s nuclear test site

January 11, 2024

A 2.4 magnitude earthquake struck near a North Korean nuclear test site Thursday, South Korea’s state weather agency said, noting it appeared to have occurred naturally.

The earthquake was detected about 41 kilometers northwest of Kilju, North Hamgy…

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