South Korea

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• Source limited to: KBS World

 2023-02-01 16:47 

KBS World

KOSPI Ends Thursday Up 0.78%...

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose 19-point-08 points, or zero-point-78 percent, on Thursday, to close the day at two-thousand-468-point-88.The tech-heavy KOSDAQ also rose, gaining 13-point-66 points, or 1-point-82 per...

 2023-02-01 16:21 

KBS World

Yoon Pledges to Support Innovative Startups in CES Luncheon...

[Science] : President Yoon Suk Yeol promised to support the growth of innovative startups during a meeting with a group of entrepreneurs who won awards at last month's Consumer Electronics Show.At a luncheon held at the presidential office on Thursday...

 2023-02-01 16:08 

KBS World

Highly Flammable Acrylic on Noise-Barrier Tunnels to be Replaced...

[Domestic] : Noise-barrier tunnels made of flammable acrylic material that cover freeways around the country are set to be replaced in the wake of a deadly fire in such a tunnel last December.The transport ministry unveiled the plan on Thursday during a m...

 2023-02-01 15:46 

KBS World

Seoul, Washington Conduct Air Drills with US Strategic Assets, N. Korea Issues Threat...

[Politics] : Anchor: A day after the visiting Pentagon chief, Lloyd Austin, pledged the increased deployment of U.S. strategic assets in the region, the allies conducted a joint aerial exercise involving strategic bombers and stealth fighters. North Korea...

 2023-02-01 15:27 

KBS World

Candidate Registration for PPP Leadership Begins Thursday...

[Politics] : Candidate registration for leadership positions within the ruling People Power Party(PPP) began on Thursday ahead of the party convention set for March 8.Among the candidates for party chief who completed the registration procedure on the fir...

 2023-02-01 15:00 

KBS World

DP Chief Likely to Appear in Court for Hearing on March 3...

[Politics] : Main opposition Democratic Party(DP) leader Lee Jae-myung is expected to appear in court next month for a hearing as he faces charges of violating election laws while running for president.The Seoul Central District Prosecutors' Office sa...

 2023-02-01 14:47 

KBS World

White House Refutes N. Korea's Claims that Joint Exercises Serve as Provocation...

[Politics] : The White House on Wednesday refuted North Korea's claims that Washington's combined military exercises with partners in the region serve as a provocation against the regime.According to Reuters, a spokesperson for the National Securi...

 2023-02-01 14:40 

KBS World

Samsung Electronics Unveils Latest Galaxy S23 Series...

[Economy] : Samsung Electronics unveiled its latest Galaxy S23 smartphone series at its first offline unpacking event in three years since the onset of COVID-19 pandemic.During the event in San Francisco on Wednesday, the tech giant introduced the three m...

 2023-02-01 14:31 

KBS World

Only 'Jeonse' Deposits Worth Less than 90% of Property Value to be Protected by Insurance...

[Domestic] : Lump-sum "jeonse" deposits on rental properties will only be protected through insurance if the amount is less than 90 percent of the property's value starting in May. According to the land ministry and related agencies on Thursda...

 2023-02-01 13:07 

KBS World

Seoul Court Rules against iPhone Users in Performance-Limiting Suit...

[Domestic] : A Seoul court has ruled in favor of Apple in a damages suit filed by domestic iPhone users alleging that the U.S. company attempted to compel them to purchase new models by deliberately limiting the performance of older ones.In its ruling on ...

 2023-02-01 12:39 

KBS World

Chuncheon to Host 2024 World Taekwondo Junior Championships...

[Sports] : The city of Chuncheon in the eastern Gangwon Province will host the 2024 World Taekwondo Junior Championships.According to World Taekwondo(WT), the sport's international governing body, on Wednesday, the decision was made during an extraord...

 2023-02-01 12:19 

KBS World

UN Members Urge Japan to Resolve Wartime Disputes, Fukushima Water Release...

[Politics] : Member states of the United Nations have urged Japan to resolve issues surrounding the wartime sexual slavery and forced labor issues as well as its planned release of radioactive water from the crippled Fukushima nuclear plant into the ocean...

 2023-02-01 11:16 

KBS World

New COVID-19 Cases at 16,862, Lowest Thursday Tally in 31 Weeks...

[Domestic] : New COVID-19 cases fell below 20-thousand on Thursday amid a slowdown in the latest wave of infections.The Korea Disease Control and Prevention Agency(KDCA) said that 16-thousand-862 infections were reported throughout Wednesday, including 45...

 2023-02-01 11:09 

KBS World

Foreign Minister Calls for Strong UNSC Response to N. Korea's Provocations...

[Politics] : Foreign minister Park Jin met with ambassadors from UN Security Council(UNSC) member states to discuss the Korean Peninsula issues.Minister Park arrived in the United States on Wednesday and invited the ambassadors to a luncheon in New York, ...

 2023-02-01 10:57 

KBS World

Finance Minister Assesses Global Market Stable after US Rate Hike...

[Economy] : Finance minister Choo Kyung-ho has assessed the international financial market to be stable after the U.S. Federal Reserve raised its key rate by a quarter of a percentage point on Wednesday.The minister presented the assessment in a meeting w...

 2023-02-01 10:20 

KBS World

National Assembly to Begin February Extraordinary Session Thursday...

[Politics] : The National Assembly will begin the February extraordinary session on Thursday.The Assembly is set to hold the opening ceremony in the afternoon to kick off the session that will run for 27 days until the end of the month.The body will hold ...

 2023-02-01 10:02 

KBS World

Consumer Prices Rise 5.2% in January...

[Economy] : Consumer prices rose over five percent in January as the growth pace accelerated for the first time in three months.According to Statistics Korea on Thursday, the country's consumer price index stood at 110-point-11 in January, up five-poi...

 2023-02-01 09:44 

KBS World

N. Korea Warns of 'Toughest Reaction' to US Military Attempt...

[Inter-Korea] : North Korea has warned of the "toughest reaction" to any U.S. military attempt under the principle of "nuke for nuke and all-out confrontation for all-out confrontation."The North's foreign ministry issued the warning o...

 2023-02-01 09:24 

KBS World

S. Korea, US Hold Combined Air Drills...

[Politics] : South Korea and the United States held combined air drills over the Korean Peninsula involving a U.S. B-1B strategic bomber.Seoul's defense ministry said that the allies' air forces staged this year's first joint air drills on Wed...

 2023-02-01 09:15 

KBS World

US Fed Hikes Key Interest Rate by 25 Basis Points...

[Economy] : The U.S. Federal Reserve has raised its key interest rate by a quarter percentage point in its continuing effort to rein in high inflation.After a meeting of the Federal Open Market Committee(FOMC) on Wednesday, the Fed said in a statement tha...

 2023-01-31 19:53 

KBS World

US Ambassador Vows Efforts to Ease S. Koreans' Anxiety about Extended Deterrence Commitment...

[Politics] : U.S. Ambassador to South Korea Philip Goldberg said that he is aware of anxiety among South Koreans about America's extended deterrence against North Korea's threats, vowing efforts to assure the South Korean government and citizens. ...

 2023-01-31 19:44 

KBS World

Opposition Party Vows to Seek Special Probe into Alleged Stock Manipulation involving First Lady...

[Politics] : The main opposition Democratic Party(DP) has launched a task force to push for a special counsel probe into stock manipulation allegations involving first lady Kim Keon Hee.In the inaugural meeting of the task force on Wednesday, the DP stres...

 2023-01-31 19:02 

KBS World

Former Presidential Chief of Staff Found Not Guilty of Obstructing Sewol Probe...

[Politics] : Former presidential chief of staff Lee Byung-kee accused of obstructing a fact-finding team on the deadly ferry sinking in 2014 was acquitted in the trial.The Seoul Central District Court on Wednesday found Lee not guilty of abuse of power an...

 2023-01-31 18:25 

KBS World

Vice Ministers of Seven Countries Hold Phone Talks on COVID-19, Support for Ukraine...

[Politics] : Vice foreign ministers of seven countries in the Indo-Pacific region held phone talks on Wednesday to discuss responses to the COVID-19 pandemic and energy support for Ukraine.Seoul's foreign ministry said that second vice foreign ministe...

 2023-01-31 17:19 

KBS World

'Advisers Mostly Agree on Need to Raise Pension Subscription Age'...

[Domestic] : Civic advisory members of a parliamentary committee discussing pension reform said that despite lingering differences over select details, most officials agree on the need to raise the age ceiling on subscription for national pension from 59 ...

 2023-01-31 17:09 

KBS World

Local Gov'ts to Manage Financial Support Budget for Universities from 2025...

[Domestic] : The education ministry plans to hand over to local governments access to a budget of more than two trillion won for providing financial support to universities from 2025. That's around half of the ministry's budget earmarked for proje...

 2023-01-31 16:55 

KBS World

Freedom Fighter's Remains to Return Home After Century...

[Domestic] : The remains of Korean independence activist Hwang Ki-hwan will return home a century after he died in New York.Seoul's patriots and veterans affairs ministry said Wednesday that it recently reached an agreement with Mount Olivet Cemetery ...

 2023-01-31 16:46 

KBS World

KOSPI Ends Wednesday Up 1.02%...

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose 24-point-72 points, or one-point-02 percent, on Wednesday, to close the day at two-thousand-449-point-80. The tech-heavy KOSDAQ also gained, by ten-point-47 points, or one-point-41 pe...

 2023-01-31 16:43 

KBS World

Unification Minister Reiterates Yoon Gov't Not Aiming Unification By Absorption...

[Inter-Korea] : Unification Minister Kwon Young-se has reiterated that the Yoon Suk Yeol government is not seeking the unification of the two Koreas by absorption.Kwon revealed such views when he appeared on a local cable TV program on Wednesday and talke...

 2023-01-31 15:57 

KBS World

S. Korea to Test-Fire Ballistic Missile Carrying Most Powerful Domestic Warhead...

[Domestic] : South Korea is set to test launch a ballistic missile carrying the most powerful warhead the country has ever developed, according to military sources on Wednesday.The state-run Agency for Defense Development reportedly plans to test-fire a H...

 2023-01-31 15:41 

KBS World

Minister Pledges to Cut Red Tape to Merge Operation of Univ., Colleges...

[Domestic] : Education minister Lee Ju-ho has pledged to cut red tape to merge the operation of universities and colleges.Meeting with the heads of universities on Tuesday, Lee said he plans to deregulate, financially reform, and restructure in a balanced...

 2023-01-31 15:35 

KBS World

Pres. Yoon: Fostering Talents in Science & Technology Only Way for a Nation to Survive...

[Science] : President Yoon Suk Yeol says the only way for a nation to survive in the Fourth Industrial Revolution and global competition over technological hegemony is to foster remarkable talents in science and technology. Yoon made the remark on Wednesd...

 2023-01-31 15:24 

KBS World

US Releases Korean Version of Nuclear Posture Review...

[Politics] : The United States released a translated Korean version of its nuclear posture review(NPR), which outlines Washington's nuclear arms strategy and policy.The original English version of the NPR, released last October, and its translated Kor...

 2023-01-31 15:21 

KBS World

Concerns Rising over Expected Electricity Cost Hike This Month...

[Domestic] : Amid a spike in heating prices, concerns are rising over an expected increase in electricity costs for households this month.The government announced late last year that electricity fares would increase by 13-point-one won per kilowatt-hour i...

 2023-01-31 15:14 

KBS World

VOA: Signs Suggesting N. Korea Preparing for Military Parade Detected at Sunan Airport...

[Politics] : Voice of America(VOA) says signs suggesting that North Korea is preparing to hold a military parade have been detected at an airport in Pyongyang.The report estimated on Wednesday that some 30 objects likely to be vehicles or aircraft were se...

 2023-01-31 15:00 

KBS World

Fire at Textile Factory in Daegu Extinguished, Damage Over 5,000m2...

[Domestic] : A fire broke out at a textile factory in the southeastern city of Daegu on Wednesday morning, prompting fire authorities to issue a second-stage emergency response order. According to authorities, the fire broke out at 6:50 a.m. at the Seongs...

 2023-01-31 14:56 

KBS World

Top 20% Income Bracket Earning 15 Times More Than Bottom 20%...

[Domestic] : The top 20-percent income bracket in South Korea are earning 15 times more than the bottom 20-percent.According to data from the National Tax Service(NTS), obtained by main opposition Democratic Party(DP) Rep. Jin Sun-mee on Wednesday, the ea...

 2023-01-31 14:24 

KBS World

SK Hynix Reports 1st Operating Loss in 10 Yrs for 2022 Q4...

[Economy] : SK Hynix reported operating losses for the fourth quarter last year, the first in a decade, amid a slowdown in the global chip market.The world's second-largest memory chip maker announced on Wednesday that it posted an operating loss of o...

 2023-01-31 13:28 

KBS World

Foreign Ministry: China Should Only Consider Quarantine Goals in Entry Restrictions...

[Politics] : Seoul's foreign ministry has criticized China's strengthened COVID-19 entry requirements for arrivals from South Korea, saying that only quarantine objectives should be considered when imposing such restrictions. The remarks from an o...

 2023-01-31 13:02 

KBS World

Gov't To Offer 592,000 Won in Gas Bill Discounts For Low Income Households...

[Domestic] : The government has announced plans to expand discounts on gas bills, offering up to 592-thousand won for low income households, amid soaring heating prices. The energy ministry announced the additional measures on Wednesday, following critici...

 2023-01-31 11:29 

KBS World

Fire Breaks Out at Textile Factory in Daegu Industrial Complex...

[Politics] : A fire broke out at a textile factory in the southeastern city of Daegu on Wednesday morning, prompting fire authorities to issue a second-stage emergency response order. According to authorities, the fire broke out at 6:50 a.m. at the Seongs...

 2023-01-31 11:19 

KBS World

New COVID-19 Cases Rise above 20,000...

[Domestic] : New COVID-19 cases climbed over 20-thousand on Wednesday after the indoor mask mandate was lifted on Monday. The Korea Disease Control and Prevention Agency(KDCA) said that 20-thousand-420 infections were reported throughout Tuesday, includin...

 2023-01-31 11:15 

KBS World

Exports Fall 16.6% in January, Trade Deficit Hits Record High...

[Economy] : South Korea's exports shrank some 16 percent on-year in January, declining for the fourth consecutive month. According to the Ministry of Trade, Industry and Energy on Wednesday, the country's outbound shipments dropped 16-point-six pe...

 2023-01-31 10:59 

KBS World

Foreign Minister to Visit US for Talks on Alliance, N. Korea Issues...

[Politics] : Foreign minister Park Jin will depart for the United States on Wednesday for talks on strengthening the South Korea-U.S. alliance and deepening cooperation in dealing with North Korea's provocations.On the four-day trip, Park will first m...

 2023-01-31 10:27 

KBS World

S. Korea, US, Japan Jointly Urge N. Korea to Abandon Nuclear Program at UN Conference...

[Inter-Korea] : South Korea, the United States and Japan have jointly urged North Korea to abandon its nuclear program and stop its missile provocations at the UN Conference on Disarmament.Ambassador Yoon Seong-mee, South Korea's chief delegate to the...

 2023-01-31 10:03 

KBS World

Ambassador Cho: S. Korea, US to Strengthen Deterrence Against N. Korea...

[Politics] : South Korea's Ambassador to the U.S. Cho Tae-yong said on Tuesday that South Korea and the U.S. will seek to strengthen their joint deterrence against North Korea, while working to improve the human rights conditions in the regime.The top...

 2023-01-31 09:45 

KBS World

Yoon Meets US Defense Chief, Calls for Effective Extended Deterrence...

[Politics] : President Yoon Suk Yeol met with U.S. Defense Secretary Lloyd Austin on Tuesday in Seoul.Presidential spokesperson Kim Eun-hye said in a written press briefing that the president and the Pentagon chief exchanged thoughts on the security condi...

 2023-01-31 09:13 

KBS World

Basic Taxi Fare in Seoul Rises to 4,800 Won...

[Economy] : The basic taxi fare for mid-sized sedan cabs in Seoul rose by one-thousand won to four-thousand-800 won on Wednesday, the first hike in four years.The initial minimum distance, for which the base taxi fare is applied, was also shortened from t...

 2023-01-30 19:54 

KBS World

Top Office: Expanding Support on Heating Bills under Discussion...

[Politics] : The presidential office said that government agencies are discussing expanded support to help citizens with runaway heating bills, and that an announcement will be made soon.In a Tuesday briefing, senior presidential secretary for economic af...

 2023-01-30 19:36 

KBS World

Pentagon Chief Expresses Plan to Deploy US Assets More Frequently...

[Politics] : U.S. defense secretary Lloyd Austin said Tuesday that there will be more frequent deployment of U.S. strategic assets such as advanced stealth jets and aircraft carriers to Korea.In a joint press conference after talks with his South Korean c...

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