SEOUL, May 23 (Korea Bizwire) — South Korean stocks finished almost flat Friday amid a lack of investment catalysts following mixed overnight results on Wall Street. The local currency gained against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 1.58 points, or 0.06 percent, to close at 2,592.09. Trade volume was [...]
SEOUL, May 23 (Korea Bizwire) — Heavyweight politicians from both liberal and conservative parties, including Democratic Party (DP) presidential candidate Lee Jae-myung, on Friday paid their respects to late former President Roh Moo-hyun. The memorial service was held to mark the 16th anniversary of the death of Roh in the southeastern rural village of Bongha, [...]
SEOUL, May 23 (Korea Bizwire) — Heo Ga-young’s “First Summer” has won First Prize in the La Cinef section of this year’s Cannes Film Festival, the Korean Film Council (KOFIC) said Friday. Heo is the first Korean director to receive the top honor in the section, which is dedicated to showcasing exceptional short and mid-length [...]
LEIPZIG, Germany, May 23 (Korea Bizwire) — Intensifying trade uncertainties, including tariff wars, have a great impact on the global transport industry, which has no choice but to “adapt” to the changed situation, the chief of the inter-organizational transport body said Friday. “(The global trade war) has an impact on what kind of goods we [...]
WASHINGTON, May 23 (Korea Bizwire) — A Pentagon spokesperson on Friday dismissed reports on the United States’ consideration of a U.S. Forces Korea (USFK) troop drawdown as “not true,” reaffirming that America remains “fully” committed to the defense of South Korea. Chief Pentagon spokesperson Sean Parnell issued a statement after The Wall Street Journal reported [...]
AMSTERDAM, May 23, 2025 (Korea Bizwire) — Half of football fans have matchday rituals – and nearly as many (46%)* believe their superstitions can influence the score. For two Arsenal fans, that ritual meant watching every game from the same corner of The Twelve Pins bar in North London – same seats, same beers, same [...]
SEOUL, May 23 (Korea Bizwire) — Judge Jee Kui-youn of the Seoul Central District Court has submitted a statement to the Supreme Court explaining his position on allegations he was treated to multiple visits to an expensive hostess bar, legal sources said Friday. Jee, the presiding judge for former President Yoon Suk Yeol’s insurrection trial, [...]
SEOUL, May 23 (Korea Bizwire) — South Korea’s defense ministry said Friday it has not held any discussions with the Pentagon over the possibility of scaling back U.S. Forces Korea (USFK) troops stationed in South Korea, stressing it is a matter that requires bilateral consultation. The remark came in response to a report by The [...]
SEOUL, May 23 (Korea Bizwire) — Three Gyeonggi provincial cities — Yongin, Suwon and Hwaseong — will host the top East Asian football tournament in July, the national football governing body said Friday. The Korea Football Association announced that the East Asian Football Federation (EAFF) E-1 Championship will take place in the three cities from [...]
SEOUL, May 23 (Korea Bizwire) – Democratic Party (DP) presidential candidate Lee Jae-myung said Friday he met with former President Moon Jae-in, with the presidential election just 11 days away. The meeting between Lee and Moon came as they paid their respects at a memorial service marking the 16th anniversary of the death of former [...]