One crew member was found dead and two others were rescued Thursday after a fishing boat capsized in waters near South Korea's easternmost islets of Dokdo a day earlier, the Coast Guard said. Six people remained unaccounted for after the 72-ton vessel capsized in waters 168 kilometers northeast of Dokdo at 2:24 p.m. on Wednesday, as officials stepped up search and rescue operations, including sending 14 divers into the capsized boat. The nine-member crew consisted of three South Koreans, four

Before Ulsan Hyundai FC took on their regional rivals Pohang Steelers for a spot in the final of the top Asian club football tournament Wednesday night, few pundits and oddsmakers had predicted a loss by the mighty K League 1 leaders. After all, Ulsan had much more firepower and boasted superior depth at all positions. They hadn't lost in their past 17 matches in the Asian Football Confederation (AFC) Champions League. And they were also the defending champions. Ulsan had already taken down an

North Korea said Thursday its recent test-firing of a new submarine-launched ballistic missile (SLBM) was not targeted toward the United States, adding there is no need for Washington to "worry or agonize" over it. A spokesperson for the North's foreign ministry expressed concerns over "nonsensical" reactions from the US and the UN Security Council over its "rightful exercise of right to defense" in a statement carried by the official Korean Central News Agency (KC

South Korea's exports rose 36.1 percent on-year in the first 20 days of October on the back of robust demand for chips, petroleum products and autos, customs data showed Thursday. The country's outbound shipments stood at $34.2 billion in the Oct. 1-20 period, compared with $25.1 billion a year earlier, according to the data from the Korea Customs Service. Imports increased 48 percent on-year to $36.7 billion, resulting in a trade deficit of $2.49 billion during the cited period, the data show

Naver Corp. said Thursday its net profit jumped 37.1 percent in the third quarter from a year earlier largely due to a stellar performance of its content businesses amid the new coronavirus pandemic. Net profit reached 322.7 billion won ($274.8 million) in the July-September period, compared with a profit of 235.3 billion won a year earlier, South Korea's top internet portal operator said in a press release. Operating income reached a quarterly high of 349.8 billion won during the cited period

Ford Sales & Service Korea, Hyundai Motor Co. and three other companies will voluntarily recall more than 19,000 vehicles to fix faulty components, the transport ministry said Thursday. This is the latest in a series of recalls by carmakers in South Korea and vehicle importers due to problems with vehicle components. The three other companies are Porsche, Honda Motor Korea and Tera Motors which sells electric two-wheelers, the Ministry of Land, Infrastructure and Transport said in a state

South Korea's producer prices gained 0.2 percent on-month in September due to a rise in prices of energy-related products, extending their monthly gains for the 11th straight month, central bank data showed Thursday. The producer price index, a barometer of future consumer inflation, stood at 111.13 in September, compared with 110.86 a month earlier, according to the Bank of Korea (BOK). The September reading was up 7.5 percent from the same month a year earlier, the BOK data showed. The rise

The United States remains open to dialogue with North Korea, White House Press Secretary Jen Psaki said Wednesday. Her remarks come after North Korea announced a successful test launch of a submarine-launched ballistic missile (SLBM) that some believe may be a "game changer." "(It has) consistently been our view. So we've stated our openness to having those discussions with North Korea for months now," Psaki said in a press briefing onboard the Air Force One en route to Pen

The United States' alliances with South Korea and others are key to dealing with many challenges facing the US, including Chinese aggression and North Korean threats, nominees for US ambassadors to Japan and China said Wednesday. Richard Nicholas Burns, nominee for US ambassador to China, said US alliances provided a "comparative advantage" over China. "The comparative advantage that we have versus China is that we have treaty allies. We have partners who deeply believe in us an

This has been a year marked by terrifying news about climate change: extreme weather, massive wildfires, persistent drought in some areas and catastrophic flooding in others. The sense of impending doom was made official when the United Nations’ Intergovernmental Panel on Climate Change warned that the world is almost certain to blow past the target set by the 2015 Paris Agreement of holding the increase in global temperature to 1.5 degrees Celsius above the 19th-century level. That was

Lee Jae-myung, the presidential nominee of South Korea’s ruling Democratic Party of Korea, has odds of below 50:50 for winning in the election next March. This forecast is based on the results of recent opinion polls in which nearly 60 percent of respondents expressed desire for a change of power. A crucial variable is whether the opposition community will be able to produce a single candidate to take on the 57-year-old governor of Gyeonggi Province. Lee and the Democratic Party still ha