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Sunday, 2 April 2023

Prosecution Raids DAPA Over Alleged Leak of Military Secrets

The prosecution has raided the country’s arms procurement agency as part of its probe into allegations that military secrets were leaked by an employee.The Seoul Central District Prosecutors’ Office on Tuesday searched the office of an employee at the …

Outflow of Foreign Capital after Trump’s Election Victory

Political confusion at home and abroad are apparently causing an outflow of foreign capital from South Korea’s stock market.International investors have dumped more than one-point-six trillion won worth of Korean shares this month.Analysts say the sell…

Choo to Spur Joint Efforts for Park’s Resignation

After canceling her plan to hold a one-on-one meeting with President Park Geun-hye, the main opposition chief said she will cooperate with minor parties and civil society to establish an emergency body to respond to the current crisis. Democratic Party…

Moon Vows to Participate in Rallies for Park’s Resignation

The former head of the main opposition Democratic Party, Moon Jae-in, vowed on Tuesday to participate in nationwide rallies for the resignation of President Park Geun-hye. Moon made the pledge during a news conference at the National Assembly, saying t…

This Year’s Rice Production Slips 3% from 2015

Heavy rain has put a damper on South Korean rice production this year.Statistics Korea said Tuesday the country produced 130-thousand fewer tons of rice this year than at the same time last year. That’s a drop of about three percent.However, the longe…

Prosecutors Cast Suspicions on Park’s Meeting with SK Chief

It has been made known that President Park Geun-hye held another closed-door meeting with a business leader earlier this year after holding talks with seven conglomerate chiefs last year.Amid suspicions that the president could have exerted pressure on…

KOSPI, KOSDAQ Close Further down

The benchmark Korea Composite Stock Price Index(KOSPI) further extended its losses on Tuesday dropping six-point-87 points, or zero-point-35 percent, to close at one-thousand-967-point-53.The tech-laden KOSDAQ slipped three-point-eight points, or zero-…