January 1, 2024

S. Korea’s retail sales drop for 1st time in 20 yrs

South Korea’s retail sales in the first 11 months of last year fell for the first time in 20 years, government data showed Monday.

The index for retail sales reached 106.6 on average in November, down 1.4 percent from a year ago, according to the da…

Son Heung-min scores in last Spurs match before Asian Cup

Tottenham Hotspur captain Son Heung-min scored on New Year’s Eve in his final match for the Premier League club before reporting for international duty this week.

Son scored Spurs’ second goal in the 71st minute of their 3-1 victory over Bournemouth…

S. Korea’s exports down 7.4 pct in 2023 amid weak chip demand

South Korea’s exports decreased 7.4 percent on-year in 2023 amid the sluggish performance of chips coupled with global economic uncertainties, industry ministry data showed Monday.

Outbound shipments stood at US$632.6 billion last year, according to…

S. Korea’s private spending in Q3 grows at slower clip than G7

South Korea’s private spending in the third quarter grew at a far slower pace than that of Group of Seven (G7) countries due to the impact of high interest rates and inflation, data showed Monday.

According to the data by the Organization for Econom…

N.K. leader says Korean Peninsula inching closer to armed conflict

North Korean leader Kim Jong-un called for perfecting the military’s readiness posture, saying the Korean Peninsula is “inching closer to the brink of armed conflict” and a clash could happen at any time, state media said Monday.

Kim made the remark…