January 11, 2024

Seoul shares open nearly flat ahead of BOK rate decision

South Korean shares opened nearly flat Thursday as the country’s central bank was set to hold a rate setting meeting later in the day.

The benchmark Korea Composite Stock Price Index (KOSPI) added 1.16 points, or 0.05 percent, to 2,543.14 in the fir…

N. Korea holds Cabinet plenary meeting over economic issues

North Korea has discussed ways to enhance the Cabinet’s role in implementing this year’s economic goals, state media reported Thursday, amid the country’s protracted economic difficulties caused by U.N. sanctions imposed due to Pyongyang’s nuclear an…

(EDITORIAL from Korea JoongAng Daily on Jan. 11)

A group of Democratic Party (DP) lawmakers not loyal to their leader Lee Jae-myung has left the majority party. In a joint farewell address on Wednesday, the three DP legislators – Reps. Lee Won-wook, Kim Jong-min and Cho Eung-cheon – stressed that t…