Dubai, May 9 (IANS) A South Korean government team continued its investigation Saturday into the cause of a fire aboard a cargo ship operated by Korean shipping firm HMM while it was stranded in the Strait of Hormuz, officials said.The HMM Namu, a Panama-flagged cargo ship operated by HMM, arrived at Drydocks World Dubai, the Middle East’s largest ship repair yard, early on Friday (local time) and has since been undergoing an inspection by a government investigation team, reports Yonhap news age…
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Seoul/Tokyo, May 9 (IANS) Japanese Prime Minister Sanae Takaichi is considering visiting South Korea later this month and holding summit talks with President Lee Jae Myung in his hometown of Andong, Japanese media outlets said Saturday, citing diplomatic sources. Japan’s Kyodo News and other media outlets reported that Takaichi is expected to visit South Korea on May 19 for a two-day trip and hold summit talks with Lee in Andong, about 190 kilometres southeast of Seoul, about economic security c…
Seoul, May 9 (IANS) South Korean brokerages are seeking partnerships and expanding infrastructure for foreign omnibus accounts to attract more foreign investors, who have been instrumental in fuelling the recent tech rally that pushed the country’s benchmark index to unprecedented levels.According to financial sources on Saturday, Samsung Securities Co., a major domestic brokerage, has recently partnered with Interactive Brokers LLC. (IBKR), a global online brokerage platform, and started a pilo…
Seoul, May 9 (IANS) South Korea’s President Lee Jae Myung said Saturday he survived a 2024 knife attack thanks to people’s support and will devote himself wholly to the country, a day after the state civil rights commission overturned an earlier decision with regard to his airlift to Seoul from Busan at the time of the attack. Lee was stabbed in the neck by a 67-year-old man posing as a supporter during a visit to the southeastern city of Busan on Jan. 2, 2024, and was transported by helicopter …
Washington, May 9 (IANS) South Korea and the United States have signed a memorandum of understanding (MOU) to advance bilateral shipbuilding cooperation, an agency of the U.S. Commerce Department said, as Seoul has committed to help revitalise the U.S. shipbuilding sector as part of a bilateral trade agreement.Park Jung-sung, deputy minister for trade at Seoul’s Ministry of Trade, Industry and Resources (MOTIR), and U.S. Under Secretary of Commerce for International Trade William Kimmitt inked t…
London, May 8 (IANS) China avenged their group stage loss with a 3-0 victory over South Korea in the men’s quarterfinals at the 2026 ITTF World Team Table Tennis Championships Finals on Friday. World No. 1 Wang Chuqin gave China the lead with a five-game victory over Oh Jun-sung, who had scored two points in a 3-1 win over China in the group match with Wang rested.Wang had a 3-1 win-loss record in their head-to-head, with his only defeat coming from the men’s singles quarterfinal at the 2024 Asi…
Seoul, May 8 (IANS) South Korea is not considering signing a bilateral military logistics support agreement with Japan, a South Korean defence ministry official said Friday, following a report suggesting Tokyo seeks to push for such a deal.Japan aims to make progress in future talks with South Korea for an acquisition and cross-servicing agreement (ACSA), following their “two plus two” security meeting of defence and foreign vice ministers that took place in Seoul on Thursday, according to Japan…
Seoul, May 8 (IANS) The Supreme Court on Friday upheld a two-year prison sentence for Hankook & Company Chairman Cho Hyun-bum for misappropriating and embezzling company funds.The top court confirmed an appellate court ruling that found Cho guilty of breach of trust and embezzling about 2 billion won (US$1.36 million), dismissing appeals by both Cho and the prosecution, reports Yonhap news agency.The appellate court had ruled that Cho used corporate cards for personal use, made the company c…
Seoul, May 8 (IANS) South Korean stocks started lower on Friday on profit hunting following a recent rally and renewed military tensions in the Middle East after the United States and Iran exchanged fire.Opening 1.82 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) lost 163.99 points, or 2.19 per cent, to 7,326.06 as of 9:15 a.m, reports Yonhap news agency.The index had been on a bullish run to hit record highs for three consecutive sessions starting Monday, gaining nearly …
Seoul, May 8 (IANS) The Anti-Corruption and Civil Rights Commission of South Korea decided on Friday to request a police investigation into suspicions surrounding its 2024 decision that then first lady Kim Keon Hee’s acceptance of a luxury handbag from a Korean American pastor constituted no violation of the anti-graft law.Kim’s acceptance of a Dior handbag from pastor Choi Jae-young sparked massive criticism and a complaint was filed with the anti-corruption commission that she violated the Imp…