Latest Seoul News

North Korea spy satellite launch fails as rocket falls into the sea

May. 31, 2023 10:10 AM EDT

SEOUL, South Korea (AP) — North Korea’s attempt to put its first spy satellite into space failed Wednesday in a setback to leader Kim Jong Un’s push to boost his military capabilities as tensions with the United States and South Korea rise. After an unusually quick admission of...

North Korea's failed satellite launch triggers public confusion, security jitters in neighbors

May. 31, 2023 07:14 AM EDT

SEOUL, South Korea (AP) — North Korea’s launch of a spy satellite on Wednesday ended in an embarrassing failure, but still prompted public confusion and security jitters in neighboring South Korea and Japan, which are wary of the North’s growing weapons arsenal. About 14...

North Korea says its attempt to launch the country's first spy satellite has failed

May. 30, 2023 20:28 PM EDT
SEOUL, South Korea (AP) — North Korea says its attempt to launch the country's first spy satellite has failed.

KT Corp.: Q1 Earnings Snapshot

May. 25, 2023 14:29 PM EDT

SEOUL, Korea, Republic Of (AP) — SEOUL, Korea, Republic Of (AP) — KT Corp. (KT) on Wednesday reported earnings of $237.3 million in its first quarter. The Seoul, Korea, Republic Of-based company said it had profit of 46 cents per share. The telecommunications...

South Korea, US troops hold large live-fire drills near border with North Korea

May. 25, 2023 11:19 AM EDT

SEOUL, South Korea (AP) — The South Korean and U.S. militaries conducted large live-fire drills near the border with North Korea on Thursday, despite the North’s warning that it won’t tolerate what it calls an invasion rehearsal on its doorstep. The drills, the first of five...

South Korea experts say Japan carefully answered questions on plan to release radioactive water

May. 24, 2023 09:40 AM EDT

TOKYO (AP) — The head of a South Korean team of experts said Wednesday they saw all of the facilities they had requested to visit at Japan’s tsunami-wrecked Fukushima nuclear plant and Japanese officials had carefully answered their questions about a contentious plan to release treated but...

Stock market today: Asian stocks slide as debt worries mount

May. 24, 2023 00:44 AM EDT

BEIJING (AP) — Asian stock markets slid Wednesday as the U.S. government crept closer to a potentially disruptive default on its debt. Tokyo's main market index lost more than 1%. Shanghai, Hong Kong and Seoul also declined. Wall Street's benchmark S&P 500 index...

South Korea, EU agree to boost pressure on Russia, condemn North Korean missile tests

May. 22, 2023 10:14 AM EDT

SEOUL, South Korea (AP) — Leaders of South Korea and the European Union agreed Monday to increase pressure on Russia over its war against Ukraine and condemn North Korea’s ballistic missile tests. South Korean President Yoon Suk Yeol met with European Council President Charles...

LG Display: Q1 Earnings Snapshot

May. 16, 2023 15:02 PM EDT

SEOUL, Korea, Republic Of (AP) — SEOUL, Korea, Republic Of (AP) — LG Display Co. (LPL) on Monday reported a loss of $951.6 million in its first quarter. On a per-share basis, the Seoul, Korea, Republic Of-based company said it had a loss of $1.33. The maker of...

Canadian Prime Minister Trudeau arrives in South Korea to discuss trade, North Korean challenge

May. 16, 2023 07:22 AM EDT

SEOUL, South Korea (AP) — Canadian Prime Minister Justin Trudeau arrived in South Korea on Tuesday for a meeting with South Korean President Yoon Suk Yeol at which they are expected to discuss expansion of trade and challenges posed by North Korea. Trudeau, the first Canadian...