Latest Seoul News

Asian stocks sink after US jobs data fan rate hike fears

Feb. 05, 2023 23:29 PM EST

BEIJING (AP) — Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation. Shanghai, Hong Kong and Seoul retreated. Tokyo gained. Oil prices edged higher. Wall Street wilted Friday after official data showed...

9 missing after fishing boat capsizes in South Korea

Feb. 05, 2023 06:45 AM EST

SEOUL, South Korea (AP) — South Korean coast guard vessels and aircraft on Sunday were searching for nine fishermen who disappeared after their boat capsized off the country’s southwestern coast. The coast guard from the southwestern port city of Mokpo said that three crew...

US sweeps Uzbekistan, advances to group stage in Davis Cup

Feb. 04, 2023 17:49 PM EST

The United States swept its way into the group stage of the Davis Cup Finals on Saturday, getting the winning point in a 4-0 victory over Uzbekistan from the doubles team of Rajeev Ram and Austin Krajicek. They beat Sergey Fomin and Sanjar Fayziev 6-2, 6-4, after Tommy Paul and...

S. Korean court sentences ex-minister to 2 years in prison

Feb. 03, 2023 04:22 AM EST

SEOUL, South Korea (AP) — A South Korean court on Friday sentenced a former justice minister, Cho Kuk, to two years in prison, after he was found guilty of creating fake credentials to help his children get into prestigious schools, a scandal that rocked the country’s previous government and...

South Korean court says stolen statue must return to Japan

Feb. 01, 2023 05:58 AM EST

SEOUL, South Korea (AP) — A South Korean court ruled Wednesday that a 14th century Korean Buddhist statue should be sent back to a Japanese temple from where it was stolen in 2012. The statue’s return had been put on hold for years after a South Korean temple claimed ownership of...

Japan, Greece step up security ties as 'strategic partners'

Jan. 30, 2023 10:58 AM EST

TOKYO (AP) — Japanese Prime Minister Fumio Kishida and his Greek counterpart, Kyriakos Mitsotakis, agreed on Monday to strengthen their security, defense and economic ties and pledged to cooperate in responding to Russia's invasion of Ukraine and other threats in Europe and Asia. ...

Heavy snow hits Seoul, traffic resumes on Japan highway

Jan. 26, 2023 05:22 AM EST

SEOUL, South Korea (AP) — Cars slowed and stopped on icy roads and bundled-up commuters gingerly navigated snow-covered sidewalks as a snowstorm swept through the South Korean capital of Seoul and nearby regions on Thursday, extending a frigid cold spell that has the country in its grip. ...

Wall Street ends mixed after erasing a big morning loss

Jan. 25, 2023 16:32 PM EST

NEW YORK (AP) — Another roller-coaster day left Wall Street essentially where it began on Wednesday, after stocks veered on worries about how badly a slowing economy will hit corporate profits. The S&P 500 finished virtually unchanged, but only after it tumbled to a morning...

South Korea, Japan grapple with heavy snow chaos, delays

Jan. 25, 2023 07:09 AM EST

SEOUL, South Korea (AP) — Frigid winter weather gripped East Asia for the second straight day on Wednesday, causing several deaths and multiple injuries in Japan and a scramble for flights out of South Korea's resort island of Jeju following delays by snowstorms. Heavy snow and...

Fire burns makeshift homes in shadow of Seoul's skyscrapers

Jan. 20, 2023 01:57 AM EST

SEOUL, South Korea (AP) — A fire destroyed about 60 makeshift homes in a densely packed neighborhood surrounded by some of the wealthiest streets of South Korea’s ultramodern capital Friday. Firefighters extinguished the flames in Seoul’s Guryong village within about five...