Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
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Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
Washington, March 21 (IANS) US President Donald Trump has said that his administration is considering “winding down” its military operation against Iran, while calling on South Korea, China, Japan and other countries to get involved in efforts to secure the vital Strait of Hormuz.Trump made the remarks in a social media post on Friday (local time), claiming that the United States is moving “very close” to achieving the objectives of its military campaign, including destroying Iran’s missile capa…
Daejeon, March 20 (IANS) A fire broke out at a car parts plant in the South Korea’s central city of Daejeon on Friday, injuring at least 50 people, including 35 with serious injuries, authorities said.The fire was reported at around 1:17 p.m., prompting the National Fire Agency to issue a national firefighting mobilization order, which is given when the scale of the fire is deemed to surpass the firefighting capacity of the local government.South Korean Prime Minister Kim Min-seok gave emergency…
Seoul, March 19 (IANS) South Korean President Lee Jae Myung said Thursday importance should be attached to the likelihood of workers’ acceptance in adopting labor market flexibility, expressing objection to unilateral sacrifices by laborers when companies adjust workplace policies.Lee made the remarks during a debate session with the Economic, Social, and Labour Council, a tripartite presidential advisory body, alongside labor groups and government officials.”We need to create conditions in whic…
Seoul, March 11 (IANS) The deterrence posture against North Korea will not be hindered regardless of a potential shift of military assets owned by the US military stationed in South Korea, a senior official at Cheong Wa Dae said Wednesday, amid media reports that the US Forces Korea (USFK) has shipped out some of its air defense assets from the Korean Peninsula.”Given our level of military capability, defence spending, defence industry capacity and the high morale of our troops, there is no prob…
Seoul, March 10 (IANS) South Korea’s per capita income edged up 0.3 per cent in 2025 to remain in the $36,000 range, as the depreciation of the Korean won against the US dollar offset actual solid income growth, central bank data showed on Tuesday.Nominal per capita gross national income (GNI) stood at $36,855 last year, marking a 0.3 percent increase from a year earlier, according to the preliminary data from the Bank of Korea (BOK).In terms of the won, the GNI climbed 4.6 percent from a year e…
Seoul, March 10 (IANS) Former South Korean President Yoon Suk Yeol on Tuesday refused to meet with representatives of a special investigation committee on the 2022 crowd crush who visited the Seoul Detention Centre to persuade him to attend a hearing.The National Commission for the Investigation of the October 29 Itaewon Disaster is scheduled to hold the hearing Thursday and Friday to uncover the truth behind the crowd accident that killed 159 people in the central Seoul district in October 2022…
Seoul, March 8 (IANS) Unionised workers at Samsung Electronics are set to begin a vote later this week on whether to launch a strike, industry sources said on Sunday, amid controversy after a union warned that employees who refuse to participate in the walkout could face disadvantages.The company’s three largest unions, which represent a combined estimated 89,000 of the tech giant’s roughly 130,000 employees, will hold the vote from Monday through March 18 on whether to stage a general strike fo…
Seoul, March 8 (IANS) Gasoline and diesel prices rose moderately on Sunday as the government considers adopting a price cap system amid concerns over rising energy prices following the escalating conflict in the Middle East.According to data from the Korea National Oil Corp., the nationwide average price of gasoline came to 1,893.3 won (US$1.27) per liter, up 3.9 won from the previous day, while diesel rose 4.8 won to 1,915.4 won per litre, reports Yonhap news agency.In Seoul, fuel prices also i…