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Monday, June 30, 2025

KOREA

[BREAKING] Another 0.75 Percentage Point Rate Hikes by Fed

Federal Reserve decided its thrid consecutive rate hikes of 0.75%p lifting the benchmark of federal funds rate to a range between 3% and 3.25%,...

At UN, Yoon Suk-yeol calls for nations to seek peace together

At the United Nations Tuesday, President Yoon Suk-yeol invited the international community to join South Korea in its use of freedom and peace to...

Airlines in Korea to increase fuel surcharges in October

Airline fuel surcharges for international flights will rise next month after a brief fall, with the weak won as much to blame as high...

Bill proposed to allow alternative military service for BTS

    An amendment to the Military Service Act was proposed Monday to allow alternative military service for pop culture artists like BTS. The bill, proposed by Democratic...

USS Ronald Reagan could be joined by nuclear submarine

The U.S. nuclear-powered aircraft carrier USS Ronald Reagan, second from left, and South Korea's landing platform helicopter ship Marado, left, sail during a...

Korean industry chief to visit U.S. to discuss EV tax credit, chips bills

Korean Industry Minister Lee Chang-yang departed for Washington on Tuesday for talks with U.S. officials on ways to minimize impacts on Korea by new...

Yoon talks to royals, Japanese emperor, ahead of Queen Elizabeth’s funeral

President Yoon Suk-yeol attended the state funeral for Queen Elizabeth II at Westminster Abbey in London Monday to offer condolences on behalf of the...

Yoon and Biden may discuss currency swap at UN next week

Piles of dollars Korea's foreign reserves fell in August as the strong dollar reduced the conversion value of euro and other currency-denominated...

Google and Meta hit with huge fines for violating privacy in Korea

Google and Meta Platforms have been fined a total of 100 billion won ($72 million) for violating a privacy law. Unhappy with the decision, the...

Won’s retreat continues after surprise U.S. inflation reading

The won fell to another decade-plus low on Wednesday following a report of higher-than-expected inflation in the United States.   Korea's currency was trading at...