South Korean stocks opened steeply lower Monday, tracking losses on Wall Street that stemmed from worries about the omicron variant of the coronavirus. The benchmark Korea Composite Stock Price Index (Kospi) fell 30.26 points, or 1.02 percent, to 2,938.07 points in the first 15 minutes of trading. Stocks came off to a weak start, led by foreign and institutional sell-offs. The Dow Jones Indust...

South Korean small merchants' business confidence worsened for December in the wake of a surge in coronavirus infections, a poll showed Monday. The Small Enterprise and Market Service said its business survey index (BSI) for small merchants came to 85.4 for this month, down 2.2 points from the previous month. It marks the first time in four months that the small merchants' BSI has gone down fro...

South Korean insurance companies saw their lending grow at a slower pace in the third quarter from three months earlier due to tougher rules on household loans, data showed Monday. Insurers' outstanding loans totaled 262.4 trillion won ($222 billion) as of the end of September, up 2.1 trillion won from the prior quarter, according to the data from the Financial Supervisory Service (FSS). Yet th...

Having recently ended a scoring drought, Son Heung-min has now found the back of the net in the second straight match for Tottenham Hotspur. The South Korean forward had a goal and an assist in Tottenham's 3-0 win over Norwich City at Tottenham Hotspur Stadium in London on Sunday (local time). For the season, Son has six goals in 13 Premier League matches and seven goals in 19 games across all ...

South Korean tour star Choi Hye-jin has made the initial cut at the LPGA Tour's qualifying tournament in Alabama. Choi, a three-time Korea LPGA (KLPGA) Tour Player of the Year, was one of five South Koreans to finish inside the top 70 and ties after the first phase of the LPGA Q-Series concluded in Mobile, Alabama, on Sunday (local time). After the first 72 holes, Choi is in second place at 17-...

South Korea will focus on containing the omicron variant of the novel coronavirus till the end of this year as the country started to enforce tightened social distancing measures amid rising daily infections, Prime Minster Kim Boo-kyum said Monday. "The threat of the omicron variant is becoming apparent," Kim said during a COVID-19 response meeting in Seoul. "Although we do not have a clear gras...

Three members of the K-pop superband BTS returned home Monday from Los Angeles where it secured a top music honor and had four sold-out live concerts. Jimin, Jin and Jungkook arrived amid a flurry of camera flashes from their fans and journalists at Incheon International Airport at about 5 a.m. and returned home after undergoing a quarantine procedure. BTS took home the artist of the year, cons...

Coming back from a trip to Europe suggested to me that the US-China rivalry was not headline news within Europe. Europe appeared more concerned with the urgent job of economic recovery amidst the omicron threat that is leading to more lockdowns. Protests in Rotterdam and elsewhere showed that the public, especially the young, are rebelling against further restrictions to their rights to socialize...

This long, strange season of the pandemic has made so many things impossible that it’s easy to forget the many things it’s made newly possible. For me, one of its unexpected gifts has been a round-the-clock immersion -- and instruction -- in the vast gap between the two continents I call home and the radical differences that still cut up our seemingly connected global neighborhood. Ten times dur...

SK Group Chairman Chey Tae-won met with Conni Jonsson, founder and chairperson of Swedish private equity firm EQT Partners, and discussed expanding ties on future industries, such as green energy and health care, officials said Sunday. In the meeting held Friday in Seoul, Chey told Jonsson about the conglomerate’s efforts in reducing carbon emissions, improving transparency in governance and cre...

Prices of groceries and nonalcoholic beverages in Korea rose 5 percent on-year in the July-September period, marking the fifth-largest increase among OECD nations, data showed Sunday. According to data from Statistics Korea and the Organization for Economic Cooperation and Development, prices of food and beverages grew even higher last month on-year at 6.1 percent on the back of strong price inc...

High-income households in South Korea -- those who earn between 70 million won ($59,000) and 120 million won before tax annually -- saw their assets increase by 19 percent, or 150 million won on average, from last year, a study showed Sunday. According to the study conducted by Woori Financial Research Institute, which is run by Woori Financial Group, its 4,000 clients classified as “mass afflue...

Jeonbuk Hyundai Motors have now gone where no South Korean football team has gone before: they became the champions of the K League 1 for a record fifth straight season Sunday. Jeonbuk clinched their historic title with a 2-0 victory over Jeju United at Jeonju World Cup Stadium in Jeonju, some 240 kilometers south of Seoul, finishing with the league-best 76 points. Ulsan Hyundai FC, the only ot...

US Ambassador to the United Nations Linda Thomas-Greenfield will attend a virtual conference on UN peacekeeping hosted by the Seoul government next week, according to her office. Thomas-Greenfield will lead the US delegation to the virtual 2021 UN Peacekeeping Ministerial hosted by Seoul on Dec. 7 and 8 to reaffirm US commitment to improving peacekeeping operations, the US Mission to the UN said...