South Korea's corporate direct financing shrank in October from a month earlier due to a reduction in bond sales, data showed Tuesday. Local companies raised a combined 19.15 trillion won ($16.2 billion) by selling stocks and bonds last month, down 473.6 billion won from the previous month, according to the data from the Financial Supervisory Service. Direct financing refers to raising funds directly from the stock and bond markets without borrowing from banks and other financial institutions.

WASHINGTON -- The press secretary for the US Department of State reiterated the importance of trilateral cooperation between the US, South Korea and Japan on Monday, saying the countries will be more successful when working together. The remarks from Ned Price came after Japanese Vice Foreign Minister Takeo Mori boycotted a joint press event with his South Korean and US counterparts -- Choi Jong-kun and Wendy Sherman -- following their three-way talks in Washington last week. "When it com

Every news media outlet around the world has been focusing on COVID-19. Some may wonder if there is any other news besides the virus. As you may have heard, electing the next president of South Korea is less than 150 days away. The election is the most important event in the country politically and socially. Those who are not usually interested in politics start paying attention to election-related news. I think they have a tendency to pay more attention this time around because they want to c

Poland’s ruling Law and Justice (PiS) party knew well what to expect from Belarusian President Alexander Lukashenko before he started funneling refugees from the Middle East to the Polish border. Belarusian authorities had already done it to Lithuania and Latvia. And in a clear sign of what was to come, Belarus terminated its readmission agreement with the EU in October. Poland had time to pursue preventive measures in the refugees’ countries of origin. It didn’t, and now thous

The United States' recent restriction on South Korean chipmaker SK hynix's plan to bring advanced equipment to a Chinese factory was made out of "legitimate concerns," and more such moves could be possible, Washington's top trade official has said.    US Trade Representative (USTR) Katherine Tai made the remarks in her recent radio interview with CBS, a Seoul-based broadcaster, which aired on Monday. She visited South Korea for a four-day run from Thursday.    &q

South Korea and Japan held working-level diplomatic talks in Seoul on Monday amid a renewed spat over the former's easternmost islets of Dokdo. The talks between Lee Sang-ryol, the foreign ministry's director general for Asian and Pacific affairs, and his Japanese counterpart, Takehiro Funakoshi, came after tensions resurfaced following Japan's protest over the recent visit to Dokdo by South Korea's police chief.    Lee said that Seoul can never accept any Japanese claim to Dokdo, a

As the frosty season is just around the corner, boy band SF9 hopped on the winter music craze by bringing out a song for chilly nights to warm listeners into a sensual mood. The group dropped the 10th EP, “Rumination,” nearly four months after the previous release to stake out an identity as performers on another level. In an online press conference Monday, the band said its 10th EP is a prequel to their “9lory” universe, which talks about the history of the nine ban