The Bank of Korea said Friday it had bought a net US$1.98 billion in the fourth quarter of last year amid the strengthening of the Korean won against the U.S. dollar.
The fourth-quarter dollar buying is the first in three years and snaps the nine st…
Ambassador to Australia Lee Jong-sup offered to step down Friday amid mounting criticism of his appointment and abrupt return home following revelations that he was subject to an investigation.
Lee’s resignation offer came less than two weeks before…
South Korean stocks finished nearly unchanged Friday as investors took a wait-and-see stance ahead of a key U.S. inflation report that would set the tone for the Federal Reserve’s rate-setting decision. The local currency fell against the U.S. dollar…
Diplomats from South Korea and the United States underscored close bilateral collaboration to counter North Korea’s “malicious” cyber activities meant to fund its weapons of mass destruction (WMD) programs during a working group meeting in Washington…
South Korean stocks finished nearly unchanged Friday as investors took a wait-and-see stance ahead of a key U.S. inflation report that would set the tone for the Federal Reserve’s rate-setting decision. The local currency fell against the U.S. dollar…