Day: January 17, 2024

(EDITORIAL from Korea JoongAng Daily on Jan. 17)

With less than three months left until the April 10 parliamentary elections, confusion sweeps over how to assign proportional representative seats to political parties. Rep. Hong Ik-pyo, floor leader of the majority Democratic Party (DP), mentioned t…

Read More

Drugs seized in S. Korea jump 23 pct in 2023

SEOUL, The amount of drugs seized before being smuggled into South Korea jumped 23 percent on-year in 2023, the customs agency said Wednesday.

A total of 769 kilograms of drugs had been seized at borders last year, up from

Read More

PM attends World Economic Forum in Davos

SEOUL, Prime Minister Han Duck-soo attended the World Economic Forum in Davos, Switzerland, where he delivered a speech about South Korea’s capabilities and policy in the nuclear energy and artificial intelligence (AI) sectors, his office said Wednes…

Read More

Foreign currency deposits up for 3rd month in December

SEOUL, Foreign currency deposits increased for the third straight month in December as export settlements increased, central bank data showed Wednesday.

Residents’ outstanding foreign currency-denominated deposits reached US$103.88 billion at end-De…

Read More

Hyundai, Kia win design awards in U.S.

SEOUL, Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, have picked up nine awards at prestigious annual design awards in the United States for their innovative design competitiveness, the companies said Wednesday.

Hyundai snagged …

Read More