Latest Seoul News

Asia stocks mixed after Wall St down, China manufacturing up

Jun. 29, 2022 23:48 PM EDT

BEIJING (AP) — Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. Shanghai and Hong Kong gained, while Tokyo and Seoul declined. Oil prices advanced. Wall Street's benchmark S&P 500 index edged...

S. Korean prosecutors grant ex-president temporary release

Jun. 28, 2022 08:03 AM EDT

SEOUL, South Korea (AP) — South Korean prosecutors granted ex-President Lee Myung-bak a three-month release from prison over health concerns Tuesday after he served less than three years of a 17-year sentence for corruption. Lee, 80, could be sent back to prison at the end of that...

Seoul urges China, Russia to prevent North Korean nuke test

Jun. 27, 2022 06:48 AM EDT

SEOUL, South Korea (AP) — A top South Korean official said Monday that North Korea is increasingly targeting the South with its nuclear arms program, and urged China and Russia to persuade the North not to conduct a widely expected nuclear test. Unification Minster Kwon Youngse’s...

EXPLAINER: Is North Korea moving nukes to its border?

Jun. 24, 2022 07:19 AM EDT

SEOUL, South Korea (AP) — Is North Korea preparing to deploy tactical nuclear weapons along its tense border with rival South Korea, which is only a short drive from the 26 million people living in and around Seoul, its capital? That's how it looks to many experts paying close...

N. Korea approves new front-line army duties amid tensions

Jun. 24, 2022 06:22 AM EDT

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un doubled down on his nuclear arms buildup to overwhelm “hostile forces” at a key meeting where military leaders approved unspecified new operational duties for front-line army units. Members of the ruling Workers’...

Asian stocks mixed after Wall St declines on growth worries

Jun. 23, 2022 00:14 AM EDT

BEIJING (AP) — Asian stock markets were mixed Thursday after Wall Street edged lower amid fears higher interest rates will chill global economic growth. Shanghai and Hong Kong advanced, while Tokyo and Seoul declined. Oil prices fell more than $2 per barrel to near $100. ...

South Korea hits dozens with travel bans amid crypto probe

Jun. 22, 2022 04:05 AM EDT

SEOUL, South Korea (AP) — South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company’s cryptocurrency that devastated traders around the world. The Seoul...

North Korean leader convenes military meeting amid tensions

Jun. 21, 2022 20:36 PM EDT

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un is meeting with his senior military officials to discuss national defense policies and continuing his arms buildup following a highly provocative run in ballistic missile testing this year that revived tensions with Washington and Seoul. ...

'It always wins': North Korea may declare COVID-19 victory

Jun. 21, 2022 00:45 AM EDT

SEOUL, South Korea (AP) — It's only been a month since North Korea acknowledged having a COVID-19 outbreak, after steadfastly denying any cases for more than two years. But already it may be preparing to declare victory. According to state media, North Korea has avoided the mass...

Japan's Zipair changes logo to nix perception of Russia link

Jun. 17, 2022 03:13 AM EDT

TOKYO (AP) — Japanese low-cost carrier Zipair is changing the design on its tail from the letter “Z,” which resembles the symbol on Russian tanks. Zipair President Shingo Nishida made the announcement this week at Narita Airport near Tokyo. He acknowledged the resemblance and...