Tag: korea
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South Korea hands jail term to Unification Church leader
Han Hak-ja has been convicted on bribery charges after giving the former first lady several luxury gifts. She has denied any wrongdoing.
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North Korea defence minister dismissed: State media
No Kwang Chol was not only dismissed as defence minister but also demoted in the ruling party leadership to “first vice-director of the Munitions Industry Department”, KCNA said.
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South Korea central bank delivers back-to-back rate hike, as expected
SEOUL, Aug 27 : The Bank of Korea raised its benchmark interest rate by a quarter percentage point to 3.00 per cent on Thursday, as expected, delivering a second straight increase as inflation stays above target while financial stability risks persist. The seven-member monetary policy board at the BOK voted t
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North Korea: Will Trump-Kim talks happen anytime soon?
As Donald Trump claims a meeting is planned with Kim Jong Un, North Korea’s response sends a signal that it wants maximum concessions in return for talks with the US.
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From euphoria to despair, Korea reckons with stock mania’s emotional toll
SEOUL, Aug 21 : It was a vision to give South Korea a stock market that reflected its true economic dynamism, by shedding regulatory taboos and encouraging bolder bets – instead, it created an investor trauma that could take years to shake.The 30 per cent decline in the KOSPI benchmark since its June 19 peak
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Bank of Korea deputy chief says monetary policy to be made ‘very carefully’
SEOUL, Aug 21 : The new deputy chief of the Bank of Korea said on Friday that monetary policy decisions would be made ‘very carefully’ and flexibly if needed, taking into account various policy factors including the side effects of rate hikes. “Economic growth and inflation will have to be considered, as well
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Trump wants to be friends with Kim – but South Korea could pay the price
US military exercises with South Korea end early on Friday, at a time when the North is in a position of strength.
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Bank of Korea says Kwon Min-soo named senior deputy governor
SEOUL, Aug 20 : The Bank of Korea said on Thursday that Deputy Governor Kwon Min-soo had been named as the central bank’s new senior deputy governor. Kwon will begin his three-year term as a member of the central bank’s seven-seat monetary policy board on Friday, according to the BOK.
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North Korea fires 10 short-range ballistic missiles
The launch came hours after US President Trump announced plans to meet Kim Jong Un later this year.
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South Korea estimates North Korea has up to 120 nuclear warheads, far above Trump’s figure
Defence Minister Ahn Gyu-back told lawmakers that North Korea was generally believed to have around 80 to 120 warheads, after US President Donald Trump commented a day earlier that Pyongyang possessed 57 “very powerful nuclear weapons”.
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