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Home » Archives for February 8, 2024 » Page 10

February 8, 2024

S. Korea voices regret over Russian envoy’s remarks blaming allies for possible N.K. nuclear test

February 8, 2024

South Korea expressed strong regret Thursday over the remarks by Russia’s top envoy to North Korea that the likelihood of another nuclear test by Pyongyang will depend on how far Seoul and Washington will go in taking their deterrence measures agains…

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(LEAD) S. Korean shares close higher on hopes of U.S. rate cuts

February 8, 2024

South Korean stocks closed higher for a second consecutive session Thursday amid growing hopes of U.S. rate cuts. The local currency slightly lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 10.74 poi…

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N. Korean leader berates officials during visit to provincial factories

February 8, 2024

North Korean leader Kim Jong-un reprimanded officials over “shortcomings” in regional factories, state media said Thursday, during a visit that came as part of his push on developing the economy in the North’s backward provinces.

Kim made the remarks…

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Defense chief expresses hope for more arms exports to Middle East

February 8, 2024

Defense Minister Shin Won-sik said Thursday that South Korea is expected to bag more arms contracts in the Middle East this year by building on the momentum from a large-scale missile interceptor deal in Saudi Arabia.

Shin shared his optimism for mor…

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(LEAD) KT turns to loss in Q4 on higher operating costs

February 8, 2024

KT Corp., South Korea’s major mobile carrier, said Thursday it shifted to a net loss in the fourth quarter from a profit a year earlier due to an increase in operating costs.

The company said in a regulatory filing it logged a net loss of 41.7 billio…

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