January 5, 2024

Seoul shares extend losses late Fri. morning amid rate woes

Seoul shares extended losses late Friday morning after robust job data dampened hopes for an early interest rate cut by the Federal Reserve this year.

The benchmark Korea Composite Stock Price Index had fallen 3.66 points, or 0.14 percent, to 2,583….

DP accuses Yoon of abusing veto power

The main opposition Democratic Party (DP) on Friday accused President Yoon Suk Yeol of abusing his presidential veto power to cover up his family’s irregularities after Yoon vetoed two opposition-led investigation proposals, including one involving t…

S. Korean tourist shot dead by robber in Guam

A South Korean tourist was killed in a gun attack in the U.S. Pacific territory of Guam earlier this week, the foreign ministry said Friday.

The victim was shot by an armed robber on Thursday and was rushed to a hospital but died, according to the m…