South Korean manufacturers' business sentiment worsened for February amid worries over sluggish demand from video, communication and equipment sectors, central bank data showed Thursday. The business sentiment index (BSI) for local manufacturers came to 90 for February, down from 92 for this month, according to the data from the Bank of Korea (BOK). The index measures manufacturers' prospects for business conditions in the following month. A reading below 100 means pessimists outnumber optimis

Many promising things can happen for North Korea if Pyongyang returns to the dialogue table with the US, Deputy Assistant Secretary of State for Japan and Korea Mark Lambert said Wednesday. The US diplomat also stressed that the US has "no reservations" regarding dialogue with North Korea. "We have made it very clear to Pyongyang. We will go anywhere. We will talk about anything. There are no reservations we have," he said in a webinar hosted by the Center for Strategic and

The New York Times reports that US President Joe Biden “will retreat from the tangle of day-to-day negotiations with members of his own party that have made him seem powerless to advance key priorities, according to senior White House advisers. The change is part of an intentional reset in how he spends his time, aimed at emphasizing his power to govern as president, rather than getting trapped in a series of congressional battles.” With any luck, it’s just harmless spin. Pres

Politicians make speeches far more than ordinary people do, even more than salespeople, perhaps. They speak of the policies they are pushing for the interests of the people, present their opinions about domestic and international issues, and expose their own personal matters or their political opponents’. In particular, they are capable of mixing truths with half-truths and outright lies when necessary for achieving their goals. During election campaigns, they try their best to collect vo

The Seoul Central District Court on Wednesday granted an injunction to local private equity firm Hahn & Co. to stop Namyang Dairy Products from selling a majority stake to a third company. 　 The court ruled that Namyang should cut all ties to Dayou Winia Group. It had attempted to sell a majority stake in a deal reached with Dayou in November last year, effectively freezing out Hahn & Co., with which it had previously agreed to sell the stake. Namyang had tried to fill its key position