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News
Bank of Korea weighs another rate hike as inflation pressures build
2+ day, 8+ hour ago (434+ words) Sept. 10 (Asia Today) -- The Bank of Korea is weighing another interest rate increase after South Korea's nominal economic growth surged to its strongest pace in decades while inflation, housing prices and household debt continued to rise. The central bank said…...
South Korean police clear Coupang chief of perjury allegation
1+ week, 3+ day ago (398+ words) Sept. 2 (Asia Today) -- South Korean police have declined to refer Coupang interim representative director Harold Rogers to prosecutors over allegations that he committed perjury during a National Assembly hearing, police said Wednesday. The Anti-Corruption Investigation Unit of the Seoul Metropolitan…...
South Korea plans $15.5 billion for chips, AI in 2027 - UPI.com
1+ week, 4+ day ago (847+ words) Sept. 1 (Asia Today) -- South Korea plans to invest 21.3 trillion won ($15.5 billion) next year in artificial intelligence models, semiconductor manufacturing capacity and other future industries as part of its proposed 2027 budget. The government plans to develop an independent frontier-level AI model…...
North Korea says no change in hard-line policy toward United States
1+ week, 5+ day ago (253+ words) Aug. 31 (Asia Today) -- North Korea said Monday there has been "not the slightest change" in its policy of responding to what it calls U.S. hostility with the "toughest" countermeasures, signaling continued resistance to Washington's denuclearization demands. A North Korean Foreign Ministry…...
Unification Church leader Hak Ja Han sentenced to 2 years in prison
1+ week, 5+ day ago (398+ words) Aug. 31 (Asia Today) -- A South Korean court sentenced Unification Church leader Hak Ja Han to two years in prison Monday over illegal political activities involving the administration of former President Yoon Suk Yeol. The Seoul Central District Court convicted Han…...
South Korea ends probe into alleged religious-political collusion
1+ week, 5+ day ago (490+ words) Aug. 31 (Asia Today) -- A South Korean joint investigation team ended an eight-month probe Monday into alleged political ties involving the Shincheonji Church of Jesus and the Family Federation for World Peace and Unification, commonly known as the Unification Church. Investigators…...
As Trump eyes Kim summit, Seoul forum weighs phased peace path
2+ week, 1+ day ago (792+ words) Aug. 28 (UPI) -- As U.S. President Donald Trump seeks to revive diplomacy with North Korean leader Kim Jong Un, South Korean experts gathered at the National Assembly on Thursday to debate whether a phased approach to denuclearization and an eventual peace agreement…...
South Korea, U.S. top diplomats agree to coordinate on North Korea
2+ week, 5+ day ago (567+ words) SEOUL, Aug. 25 (UPI) -- South Korean Foreign Minister Cho Hyun and U.S. Secretary of State Marco Rubio pledged to maintain close coordination on North Korea and other key issues in a phone call late Monday, Seoul's Foreign Ministry said, amid signs of…...
China offers no criticism after latest North Korea missile launch
3+ week, 1+ day ago (385+ words) Aug. 21 (Asia Today) -- China again declined Friday to express a position on North Korea's latest barrage of ballistic missiles, continuing its recent pattern of avoiding direct criticism of Pyongyang's weapons launches. Chinese Foreign Ministry spokesman Lin Jian was asked during…...
South Korean man referred to prosecutors over May 18 post
3+ week, 1+ day ago (203+ words) Aug. 21 (Asia Today) -- South Korean police have referred a man in his 40s to prosecutors without detention for allegedly spreading false information online about the May 18, 1980, pro-democracy uprising in Gwangju. Seoul's Dongdaemun Police Station said Friday that the man was referred…...