Seoul, July 17 (IANS) North Korea denounced Friday an ongoing U.S.-led multinational military exercise taking place in Hawaii, calling it a “war rehearsal” that will trigger a “chain of countermeasures” from countries in the region.The North’s state media carried the criticism in an op-ed on the Rim of the Pacific Exercise (RIMPAC), in which South Korea is leading the combined maritime component command this year as the first Asian country to do so, Yonhap news agency reported.”RIMPAC is not mer…
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Seoul, July 9 (IANS) Seoul shares trimmed earlier gains late Thursday morning on retail selling, though institutions and foreigners bought bargain-priced chip stocks following the recent massive sell-off.After opening 3.3 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) erased its earlier gains and moved up 150.61 points, or 2.08 percent from the day before, to 7,397.40 as of 11:20 am, reports Yonhap news agency.Despite the gains, investors remain concerned about renewed g…
Mumbai, June 24 (IANS) Filmmaker Vikram Bhatt, who is receiving a lot of positive response for his recently released film ‘Haunted 3D’, has lauded the government for sticking by the nation’s principle of staying neutral in the face of rising global conflicts. The director spoke with IANS during the promotions of his film, and said that India has managed to stay autonomous when it comes to its foreign policy.He told IANS, “When most of the countries have chosen one side or the other, our …
Patna, June 19 (IANS) A fresh political controversy has emerged in Bihar after an FIR was registered against former Bihar minister and Janshakti Janata Dal national president Tej Pratap Yadav at Patliputra police station in Patna on the directions of a court. The case was filed by Akash Yadav, former state president of the Chhatra RJD and brother of Anushka Yadav, who has been publicly linked to Tej Pratap Yadav.Police have initiated an investigation into the allegations.According to ASP (Law an…
Seoul, May 10 (IANS) The confirmed strike by unidentified objects on a South Korean-operated cargo vessel in the Strait of Hormuz is expected to give Seoul grounds to consider joining U.S.-led missions aimed at safeguarding freedom of navigation in the strait, experts said on Sunday.Releasing the results of a government investigation, the foreign ministry said two “unidentified flying objects” were confirmed to have struck the cargo vessel, the Namu, one after the other in the Strait of Hormuz l…
Seoul, May 3 (IANS) The number of South Korean-listed companies whose market capitalisation surpassed 1 trillion won ($679.7 million) exceeded 400 for the first time this year, following a dramatic pre-Middle East-conflict recovery in the stock market, data showed on Sunday.The number of companies listed on the local bourse, including preferred shares, with a market capitalisation of over 1 trillion won stood at 405 as of Wednesday, according to the data from the Korea Exchange, South Korea’s ma…
Seoul, April 27 (IANS) The total market capitalisation of companies listed on the local stock market surpassed 6,000 trillion won ($4.08 trillion) for the first time on Monday, boosted by anticipation for the semiconductor sector, industry data showed.The combined market capitalisation of companies listed on the country’s three stock bourses stood at 6,047.9 trillion won as of early Monday morning, according to the data from the Korea Exchange (KRX), South Korea’s main bourse operator, reports Y…
Seoul, April 19 (IANS) The world is experiencing two different wars at the moment — the Middle East and the artificial intelligence (AI) war — Seoul’s industry minister has said.The Middle East war may seem like a more imminent threat as it is being directly witnessed, but winning the AI war is much more important for South Korea as it may very well determine the future of the country, Kim Jung-kwan, minister of trade, industry and resources, said in a recent exclusive interview with Yonhap Ne…
Seoul, April 13 (IANS) South Korean stocks traded lower on Monday as investor concerns grew over a prolonged conflict in the Middle East after the U.S.-Iran peace talks failed to make progress, while U.S. President Donald Trump threatened a blockade of the Strait of Hormuz.The benchmark Korea Composite Stock Price Index (KOSPI) fell 68.15 points, or 1.16 percent, to 5,790.72 as of 11:20 am (local time), reports Yonhap news agency.President Trump announced a blockade of Iranian ports following ma…
Washington, April 7 (IANS) The strategic Strait of Hormuz has emerged as a central flashpoint in the escalating U.S.-Iran standoff, with President Donald Trump calling it “a very big priority” even as he warned Tehran of severe consequences if negotiations fail. Addressing a crowded White House press conference, Trump underscored the vulnerability of the narrow oil chokepoint, saying it could be disrupted with minimal effort. “To close the strait, all you need is one terrorist that some…