The finance ministers of South Korea and France have held a virtual meeting to discuss ways to strengthen bilateral cooperation and agenda items ahead of a key international financial meeting, Seoul's finance ministry said Friday. Finance Minister Hong Nam-ki and his French counterpart Bruno Le Maire had an online meeting on Thursday ahead of next week's meeting of finance chiefs from the Group of 20 (G-20) economies, according to the Ministry of Economy and Finance. The G-20 finance ministers

North Korea's No. 2 leader Choe Ryong-hae presided over a key Workers' Party meeting, state media said Friday, confirming that he survived a recent reshuffle carried out to sack officials responsible for causing a "crucial case" in the country's fight against the coronavirus. Choe, president of the presidium of North Korea's Supreme People's Assembly (SPA), convened the 15th plenary meeting of the standing committee at the Mansudae Assembly Hall, the official Korean Central News Agenc

South Korea's daily new virus cases soared to a nearly six-month high Friday as infections in the greater Seoul area continued to spike amid woes over a potential surge in variant cases. The country reported 826 more COVID-19 cases, including 765 local infections, raising the total caseload to 158,549, the Korea Disease Control and Prevention Agency (KDCA) said. The daily caseload marks the largest since Jan. 7 when it reached 869. The latest figure is sharply up from 762 cases a day earlier

South Korean automaker Hyundai Motor Co. said Friday its fleets of Xcient fuel cell trucks have surpassed 1 million kilometers of driving since they hit the roads in Switzerland nearly a year ago. Hyundai Motor has shipped a total of 46 Xcient heavy-duty truck trucks to the European nation since July 2020, which came in service for 25 Swiss companies in logistics, distribution and supermarket fulfillment. Over that distance, the hydrogen-powered trucks, which only emit water, have reduced carb

Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales jumped 44 percent in the United States last month from a year earlier on strong demand for their SUVs. Hyundai and Kia sold 140,951 vehicles in the US in June, up from 98,005 units in the same month of last year, the companies said in separate statements. Hyundai's sales rose 45 percent to 72,465 units last month from 50,135 a year ago, while Kia's also advanced 43 percent to 68,486 from 47,870 during the cited per

South Korea's consumer prices grew more than 2 percent for the third straight month in June on higher prices of farm and oil products, data showed Friday, underscoring expectations that a rate hike within this year may become more plausible amid an economic recovery. The consumer price index rose 2.4 percent on-year in June, slowing from a 2.6 percent on-year gain the previous month, the fastest rise in more than nine years, according to the data compiled by Statistics Korea. The inflation gai

WASHINGTON -- The United States hopes for a constructive response from North Korea as it remains willing to engage with the reclusive nation anytime and anywhere, a State Department spokesman said Thursday. The remarks from spokesman Ned Price come after the US special envoy for North Korea, Sung Kim, said his country is ready to meet with the North "anytime, anywhere without preconditions." "Ambassador Kim, our special envoy for the DPRK, has recently been in the Republic of Ko

South Korean stocks opened slightly higher Friday, taking a cue from Wall Street gains that stemmed from positive economic data. The benchmark Korea Composite Stock Price Index (KOSPI) rose 4.38 points, or 0.13 percent, to trade at 3,286.44 points as of 9:15 a.m. Stocks advanced despite rising concerns over the new coronavirus outbreaks, backed by hopes of a fast global economic rebound. Overnight, the Dow Jones Industrial Average added 0.38 percent on improving manufacturing and jobless da

WASHINGTON -- The United States has again shortlisted North Korea as a nation complicit in human trafficking and forced labor, an annual US report said Thursday. The North Korean regime is one of 11 governments with a "policy or pattern" of human trafficking, according to the Trafficking in Persons Report. North Korea was put on the shortlist of 12 countries in 2020 and again this year with 11 nations. "The 2021 Trafficking in Persons Report includes the following 11 government

Tottenham Hotspur's South Korean star Son Heung-min wasn't selected for his country's Olympic football team despite getting permission from his English Premier League club, an informed source said Thursday. Son, 28, was not picked as an overage player for South Korea's under-24 football team for the Tokyo Olympics on Wednesday. The Olympic football tournament is typically reserved for players under 23, and the age limit has been raised to 24 for Tokyo because the competition was postponed by o

The agriculture ministry on Thursday reached a decision to recommend the dismissal of Kim Woo-nam, head of the Korea Racing Authority (KRA), after wrapping up an audit into alleged verbal abuse. Kim, a former three-term lawmaker of the ruling Democratic Party, is accused of having verbally abused an employee for refusing to hire one of his former National Assembly aides. KRA is a state-run corporation tasked with promoting the country's racehorse industry. According to government sources famil

A top financial regulator called Thursday for banks to minimize "unnecessary" household loans as policymakers warn of growing financial imbalances amid a surge in home prices. Eun Sung-soo, chairman of the Financial Services Commission (FSC), made the remarks at a meeting with chief executives of 13 banks earlier in the day. Eun's remarks also came as the Bank of Korea has hinted that it could conduct its first post-pandemic rate hike later this year as the nation's economic recovery

The current ban on outdoor rallies of 10 or more people in Seoul will remain in place until next week, the metropolitan government said Thursday, scrapping its earlier plan to ease the restrictions at the beginning of this month. Earlier this week, the Seoul city government announced a decision to lift its ban on rallies of 10 or more and allow rallies of fewer than 50 people throughout the capital, effective Thursday, in line with the central government's eased social distancing rules against

While preparing his players for the Tokyo Summer Games kicking off this month, Kim Hak-bum, head coach of the South Korean men's Olympic team, ran some grueling conditioning drills across two training camps over the past month or so. Kim wanted to ensure his players would be ready to battle in notoriously scorching and humid summer conditions in Japan. Now that he has finalized his 18-man squad -- many of them having been whipped into shape by the coach -- Kim's focus will shift to more tangibl

The state-run Export-Import Bank of Korea (Eximbank) said Thursday it will provide 180 trillion won (US$159 billion) worth of loans related to environmental, social and governance (ESG) by 2030. The state lender made the pledge while announcing its ESG management road map to mark the 45th anniversary of its foundation at its headquarters in Seoul. The road map also includes the issuance of ESG bonds worth $20 billion by that year to extend loans to the ESG sector, Eximbank said. ESG bonds ref