A North Korean state media outlet on Wednesday denounced the United States for meddling in Taiwan issues and voiced its support for Beijing's "One China policy" amid the deepening Sino-US rivalry. The Korean Central News Agency issued the criticism in an opinion piece attributed to an individual writer as South Korea's Foreign Minister Chung Eui-yong and his Chinese counterpart, Wang Yi, were set to hold talks in Seoul on Wednesday. "Recently the US has openly intervened in the

Daegu FC crashed out of Asia's top club football competition on Tuesday, as their first trip to the knockout stage lasted just one match. Daegu fell to Nagoya Grampus 4-2 at Toyota Stadium in Toyota, Japan, in the round of 16 at the Asian Football Confederation Champions League. Jakub Swierczok scored a hat trick for the winning side, with Shinnosuke Nakatani scoring the other goal for the Japanese club. For Daegu FC, Cesinha and Edgar had a goal apiece. This was Daegu's first appearance in

South Korea's statistics agency said Tuesday it has launched the English service of the data platform on the country's progress in achieving UN Sustainable Development Goals. The SDGs data platform will help international users understand South Korea's efforts to meet the SDGs on a real-time basis, and have easy access to the country's related data, according to Statistics Korea. The SDGs were adopted at the UN General Assembly in 2015 as17 policy goals aimed at ending poverty and promoting su

South Korean stocks advanced for the third straight session Tuesday as investors await the release of US consumer price data, seeking more clues about the Federal Reserve's tapering timeline. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 20.97 points, or 0.67 percent, to close at 3,148.83 points. Trading volume was moderate at about 700 million shares worth some 15.4 trillion won ($13.2 billion), with gainers outnumbering losers 607 to

Samsung Group on Tuesday promised to create 30,000 new youth jobs in South Korea in three years by expanding its corporate social responsibility initiatives (CSR), the government said. The plan to create 10,000 new youth jobs annually for three consecutive years was revealed during a partnership announcement event between Samsung Group and the prime minister's office (PMO) on the government's youth job and education support program titled Youth Hope ON held in Seoul, according to the PMO. The ev

The unification ministry said it will continue efforts to resume operations of the inter-Korean liaison office as it marked the third anniversary of the office, an official said Tuesday. This year's anniversary comes as the North blew up the liaison office building in June last year in anger over the sending of anti-Pyongyang leaflets by activists in the South. The North also remains unresponsive to calls from South Korea via liaison and military hotlines after they were restored late July follo

President Moon Jae-in said Tuesday South Korea will be able to achieve the goal of offering at least the first COVID-19 vaccine shot to 36 million people ahead of the Chuseok holiday next week. "The first dose of vaccine inoculation for 36 million people in advance of Chuseok will be achieved this week as (the government) has promised," he said during a weekly Cabinet meeting. Vaccinations will further pick up speed, going forward, to get 80 percent of all South Koreans, totaling 52 mi

The United States is prepared to work with North Korea to address its humanitarian concerns "regardless of progress on denuclearization," Washington's point man on Pyongyang said Tuesday. Ambassador Sung Kim made the remarks after holding three-way talks with his South Korean and Japanese counterparts, Noh Kyu-duk and Takehiro Funakoshi, respectively, in Tokyo to discuss humanitarian aid and other incentives to resume dialogue with the North. The talks came amid renewed security concer

Foreign currency deposits at banks in South Korea gained in August from a month earlier as exporters increased dollar holdings, central bank data showed Tuesday. Residents' outstanding foreign currency-denominated deposits stood at $92.6 billion as of end-August, up $470 million from the previous month, according to the Bank of Korea (BOK). The country's foreign exchange deposits swung to an upturn for the first time in five months. In July, they were down $910 million from June. Residents in

South Korea's money supply continued to expand in July on increased corporate fund-raising and household loans amid the COVID-19 pandemic, central bank data showed Tuesday. The country's M2 stood at 3,443.9 trillion won ($2.94 trillion) as of end-July, up 0.9 percent from a month earlier, according to preliminary data from the Bank of Korea (BOK). From a year earlier, M2 soared 20.5 percent, the central bank said. A key economic indicator closely monitored by authorities, M2 is a measure of

North Korea called on officials to finish recovery efforts at a flood-hit eastern province before the founding anniversary of the Workers' Party next month as it held an enlarged meeting of the provincial military commission, state media reported Tuesday. The South Hamgyong Provincial Military Commission of the Workers' Party met on Sunday to inspect the progress of recovery efforts and discussed measures to "ensure the high quality and speed of construction," the Rodong Sinmun, the or

Samsung Electronics Co. on Tuesday released a new monitor suitable for video meetings as the tech giant aims to expand its presence amid the pandemic-driven stay-at-home trend. Samsung's new monitor, S40VA, comes with a pop-up webcam and microphone on the top of its display. It allows consumers to use it only when needed, offering an enhanced design look and security. The 24-inch monitor, which comes with an IPS display panel with a viewing angle of 178 degrees, is also installed with a buil

South Korean shipbuilder Samsung Heavy Industries Co. said Tuesday it will close one of its Chinese plants due to decreased productivity caused by its superannuated facilities. Samsung Heavy has been in talks with the Chinese government to hand over the land and other assets by Samsung Heavy Industries Ningbo Co. early next year, the company said in an emailed statement. Samsung Heavy has two plants in China -- Samsung Heavy Industries Ningbo with 150,000 ton production capacity and Samsung

South Korea said Tuesday it plans to implement or launch negotiations for a set of new free trade agreements (FTAs) with trading counterparts from Southeast Asia and Latin America this year, as part of efforts to reduce its reliance on major economies. The country plans to officially sign the pending FTA with Cambodia in October, seven months after completing related negotiations, according to the Ministry of Trade, Industry and Energy. The ministry said the deal is set to help South Korean fi

Typhoon Chanthu is dumping heavy rain and bringing strong winds on the southern island of Jeju, a weather agency said Tuesday, causing safety concerns and disruptions in transportation. The season's 14th typhoon, packing wind gust of up to 39 meters per second, passed 210 kilometers east of Shanghai, China, as of 9 a.m. Tuesday and is expected to come the nearest to the island on Friday, the Korea Meteorological Administration said. The typhoon is expected to affect the island throughout the wee