General

Banks’ bad loans grow for 5th consecutive quarter in Q4

South Korean banks’ nonperforming loans continued to grow for a fifth consecutive quarter in the three months ended December, data showed Thursday.

Loans classified as substandard or below (SBL) held by local banks had come to 12.5 trillion won (US$9…

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Russian troupe performs ‘Sleeping Beauty’ in Pyongyang

A Russian troupe has performed the ballet “Sleeping Beauty” in Pyongyang, North Korea’s state media reported Thursday, the latest in a series of growing exchanges between Pyongyang and Moscow following a rare summit of their leaders in September.

The…

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S. Korea, U.S. stage urban warfare drills in border city

South Korea and the United States were staging combined urban combat training this week to bolster their readiness against threats in urban areas and underground facilities, Seoul’s Army said Thursday.

The five-day Army exercise kicked off at an urba…

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