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Home » Archives for November 3, 2024

November 3, 2024

Kamala Harris Highlights Commitment to Korean Americans in Exclusive Yonhap Contribution.

November 3, 2024

Seoul: U.S. Vice President Kamala Harris has made a significant contribution to the Yonhap News Agency, marking the first exclusive piece by a U.S. Democratic presidential candidate to a South Korean media outlet in this election cycle. Her message, d…

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South Korea’s Major Cities to Experience Mostly Sunny Weather on Sunday.

November 3, 2024

Seoul: The weather forecast for Sunday suggests that South Korea’s 12 major cities will predominantly experience sunny conditions, with varying temperatures and a low chance of rain.

According to Yonhap News Agency, Seoul, Suwon, and Chuncheon are e…

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EU’s Borrell Pledges to Enhance Security and Defense Cooperation with South Korea.

November 3, 2024

Seoul: European Union (EU) foreign policy chief Josep Borrell announced his intention to strengthen the EU’s security and defense cooperation with South Korea during his current visit to Seoul. Borrell, who serves as the EU’s high representative for f…

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Sharp Rise Seen in Household Credit, Driven by Savings Banks, Credit Unions.

November 3, 2024

South Korea: South Korea’s household credit increased at a faster rate in October due to rising loans from savings banks and credit unions despite the government’s efforts to curb household debts, financial data showed Sunday. Outstanding household cr…

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Ruling and Opposition Parties Set for Clash Over 2025 Budget Deliberations.

November 3, 2024

Seoul: The National Assembly is set to begin deliberations on the 2025 budget proposal this week, with ruling and opposition parties expected to wrangle over spending on controversial projects. On Monday, the National Assembly is set to deliberate on …

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South Korea’s Defense Firms Record Robust Q3 Earnings on Large Export Deals.

November 3, 2024

Seoul: South Korea’s major defense firms have posted robust revenues and profits for the third quarter, led by massive arms export deals, industry data showed Sunday. The combined operating profits of four major South Korean defense firms – Hanwha Aer…

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Retail Sales in South Korea Experience Longest Downturn Since 1995: Data.

November 3, 2024

South Korea: South Korea’s retail sales continued to decrease for 2 1/2 years, led by weak demand across durable and non-durable goods, government data showed Sunday. The index for retail sales reached 100.7 on average for the third quarter of this ye…

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Ex-Lawmaker Faces Prosecutors Amid Election Nomination Scandal.

November 3, 2024

Changwon: A former lawmaker from the ruling People Power Party (PPP) appeared before prosecutors on Sunday for questioning over allegations of providing funds to a self-proclaimed power broker at the center of a growing political scandal. Kim Young-su…

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South Korea, U.S., Japan Conduct Joint Air Drills with B-1B Bomber Following North Korea ICBM Launch.

November 3, 2024

Seoul: South Korea, the United States, and Japan conducted combined air drills involving at least one B-1B bomber south of the Korean Peninsula on Sunday. This was a display of force following North Korea’s recent intercontinental ballistic missile (I…

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South Korea’s Neutral Interest Rate Estimated Between -0.2% and 1.3%, Says BOK Report.

November 3, 2024

Seoul: The neutral interest rate in South Korea is projected to range between -0.2 percent and 1.3 percent for the first quarter of the year, as reported by the Bank of Korea (BOK) on Sunday. This estimate reflects a change in the country’s economic l…

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