August 12, 2024

Yoon names new defense minister, national security adviser

President Yoon Suk Yeol named Presidential Security Service chief Kim Yong-hyun as new defense minister while Defense Minister Shin Won-sik was named as new national security adviser, his office said Monday.

National security adviser Chang Ho-jin wa…

(LEAD) Seoul shares spike over 1 pct on eased U.S. recession woes

South Korean stocks closed more than 1 percent higher Monday, recovering from last week’s rout as concerns over a U.S. economic recession eased. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index …