SEOUL: S Korea’s government will expand its corporate bond-buying program among other liquidity supply measures amid growing worries about a credit crunch in bond and short-term money markets. The government will double the ceiling of its corporate bond-buying facility run by state-run banks to 16 trillion won ($11 billion), Minister of Economy and Finance Choo […]
Korea
K-pop star BTS member Jin to release first solo single next week ahead of military duty
Kim Seok-jin, also known professionally as Jin, K-pop singer, a member of the hit boy band BTS, will release his first official solo single next week, the seven-member band’s agency said on Wednesday, following this week’s announcement that he will soon start military duty. The song, titled ‘The Astronaut’, will be released on Oct. 28 at 1 p.m. […]
Korea singed agreement with Pakistan under EDCF program
ISLAMABAD: The Economic Affairs Division (EAD), Pakistan, and the Embassy of the Republic of Korea on Thursday signed an agreement with Economic Development Cooperation Fund (EDCF), worth of USD 1 billion for the years of five years from 2022 to 2026. The agreement was mutually signed by the Secretary of the Ministry of Economic Affairs, […]
South Korean TV network apologises for offensive Olympic broadcast
A major South Korean broadcaster apologised Saturday for using offensive images and captions to describe participating countries during the Tokyo Olympics opening ceremony on Friday night. Coronavirus restrictions meant a stripped back celebration with the traditional delegations of athletes masked and far smaller than usual, ranging from just a handful of people to a few […]
FPCCI stresses for extensive consultation to boost bilateral trade with S.Korea
KARACHI: Consul General of the Republic of Korea in Karachi, Kim Haksung Friday visited the Federation House and discussed with FPCCI leadership issues of bilateral trade, business travel, and the need to expedite the consultations to agree on a Free Trade Agreement (FTA). According to a FPCCI press release, the visit was organized by Pakistan-Korea […]
Russia, China block UN from saying North Korea violated sanctions
UN diplomats say Russia and China have blocked the UN Security Council committee monitoring sanctions against North Korea from declaring that Pyongyang breached the annual limit for importing refined petroleum products. Two diplomats said Tuesday that the Russians and Chinese notified the committee before Tuesday’s deadline for objections. The United States and 25 other countries […]
S. Korea spycam crimes put hidden camera industry under scrutiny
Spycams can be hidden inside a wide range of household items, including paintings, pens, smoke detectors and lighters Shin Jang-jin’s shop in Incheon offers seemingly innocuous household items, from pens and lighters to watches and smoke detectors, but with a secret feature — a hidden one millimetre-wide-lens that can shoot video. Over the past decade, […]
Koreas to hold Pyongyang summit in September: Yonhap
North and South Korea agreed Monday to hold a summit in Pyongyang in September, the South’s Yonhap news agency reported following high-level talks in the Demilitarized Zone that divides the peninsula. The two sides “agreed at the meeting to hold a South-North summit in Pyongyang in September as planned”, Yonhap quoted a joint statement as […]
Koreas hold high-level talks on third leaders’ summit
The two Koreas opened high-level talks Monday to prepare for a possible summit in Pyongyang between the South’s President Moon Jae-in and the North’s leader Kim Jong Un, as the diplomatic thaw on the peninsula builds. The exact date and location of what would be their third meeting have yet to be decided, but at […]
Pompeo brushes off N.Korea ‘gangster’ tag, says sanctions to stay
US Secretary of State Mike Pompeo on Sunday shrugged off North Korean accusations of “gangster-like” behaviour and said sanctions on Pyongyang would only be lifted with “final” denuclearisation. Speaking in Tokyo after two days of intense discussions in Pyongyang, Pompeo insisted the talks were making progress and were being conducted in “good faith.” In stark […]