South Korean stocks opened higher Tuesday as US Treasury yields took a breather after soaring in the past few days. The benchmark Korea Composite Stock Price Index added 7.77 points, or 0.33 percent, to 2,364.79 in the first 15 minutes of trading. Overnight, Wall Street ended mixed as US Treasury yields dropped after hitting 5 percent and investors awaited earnings reports from tech giants, including Microsoft Corp., Alphabet Inc. and Amazon.com, later this week. In Seoul, market bellwether Sams

The veterans ministry said Tuesday it will hold a remembrance ceremony for revered independence fighter Hong Beom-do this week to mark the 80th year since his passing amid a heated ideological debate over his ties to Soviet communist forces. The ceremony will take place Wednesday at Daejeon National Cemetery in Daejeon, 139 kilometers south of Seoul, where his body lies at rest, with some 100 people set to attend the event, including Veterans Minister Park Min-shik, according to the ministry. Ho

Son Heung-min has found the back of the net for the seventh time in the Premier League this season, pushing the undefeated Tottenham Hotspur back to the top of the tables. The South Korean talisman scored a goal and registered an assist in Tottenham's 2-0 win over Fulham at Tottenham Hotspur Stadium in London on Monday. It stretched Spurs' undefeated streak to begin this season to nine matches, at seven wins and two draws. With 23 points, Spurs moved back to the top of the league table

South Korea's industry ministry said Tuesday the government has formally accepted an agreement by the World Trade Organization aimed at banning subsidies for illegal fishing. The agreement centers on prohibiting subsidies that contribute to overfishing and other illegal, unregulated fishing so as to ensure the sustainability of fish stocks and the industry. Following South Korea's approval, the total number of WTO members that have formally endorsed the rule reached 51, taking up 46 pe

The United States warned Iran Monday that it is not "blind" to the Islamic republic's continued support for the Hamas militant group that launched a deadly surprise attack on Israel this month. John Kirby, the National Security Council coordinator for strategic communications, made the remarks amid lingering concerns that renewed friction between Washington and Tehran could reduce room for Seoul, a key ally of the US, to engage with Iran for economic cooperation. Washington has be

South Korean Unification Minister Kim Yung-ho met with the leader of a US-based civic group Monday to discuss ways of boosting cooperation on the improvement of human rights in North Korea, his office said. During the meeting, Kim and Thor Halvorssen Mendoza, chief of the Human Rights Foundation, expressed concerns about China's recent forcible repatriation of North Korean defectors and shared the need for the international community to work more closely to prevent such moves, according to

Adding a completely new character to "The Boys" was necessary to make the based-on-a-true-story film more compelling, director Chung Ji-young said Monday. "Some people call me the Ken Loach of South Korea. But I create more dramatic devices than (he does) to share my story with a wider audience," Chung said at a press conference in Seoul. He referred to British director Ken Loach, who is famous for making films based on true events. "The Boys" revisits a 1999 case i

South Korea reported seven additional cases of lumpy skin disease in cattle, sparking concerns over the nationwide spread of the highly infectious disease, the agricultural ministry said Monday. The authorities have confirmed 17 cases of infection so far since the first outbreak in South Chungcheong Province on Friday, with 1,075 cows being culled so far, according to the Ministry of Agriculture, Food and Rural Affairs. Of the seven cases reported in the day, four were reported from Gyeonggi Pro

Korean Air Co. has decided to retain workers of Asiana Airlines Inc. on condition that Asiana agrees to sell its cargo business to win antitrust approval from European Union regulators for the two carriers' merger, industry sources said Monday. According to the sources, Korean Air, the larger of South Korea's two full-service airlines, plans to seek approval for the decision to retain Asiana Airlines' workers at a company board meeting scheduled next Monday. The decision comes as

South Korean stocks closed sharply lower for the third consecutive day Monday as investors' risk-off sentiment escalated amid geopolitical uncertainties and high US bond yields. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 17.98 points, or 0.76 percent, to close at 2,357.02. Trading volume was slim at 387.7 million shares worth 6.9 trillion won ($5.1 billion), with decliners beating gainers 593 to 283. "With no specific upward mome

Three groups have submitted final bids to buy a major stake in cable news channel YTN, financial sources said Monday, with the results of the bidding expected to be announced later in the day. In November last year, two state-run firms announced a plan to put their combined 30.95 percent stake in YTN up for sale. Apparel exporter Hansae Co.; Eugene Group, with businesses ranging from distribution and finance to logistics and entertainment; and the Global Peace Foundation (GPF), established by Mo

North Korea on Monday accused the United States of being behind the ongoing war between Israel and the Palestinian militant group Hamas, saying Washington is "entirely" responsible for the tragedy. Pyongyang raised the accusation following US President Joe Biden's recent trip to Israel where he reiterated his backing of Israel and condemned a deadly explosion at a hospital in Gaza by what he called a terrorist group. "The US is the ringleader in the Middle East situation,&quo

The chief of South Korea's central bank said Monday that the bank needs to maintain its restrictive monetary policy for a considerable time as uncertainties over inflation are rising. During a parliamentary inspection, Bank of Korea Gov. Rhee Chang-yong said consumer price growth is expected to slow, but remain above the target rate of 2 percent amid increased volatility in global oil prices and currency rates following the Israel-Hamas conflict. "Given these situations, uncertainties

Main opposition leader Lee Jae-myung officially resumed his party duties Monday and once again called on President Yoon Suk Yeol to conduct a complete overhaul of the Cabinet. Lee, the chairman of the Democratic Party, made the remarks while attending a party meeting after several weeks of hospital treatment to recover from his 24-day hunger strike, protesting what he described as a slew of government policy failures. "President Yoon Suk Yeol should thoroughly revamp the way he handles gove

South Korea's economy will post a mild recovery amid a slowdown in inflation but face heightened uncertainties amid geopolitical tensions and higher rates in major economies, the central bank said Monday. In a report to lawmakers for parliamentary inspection, the Bank of Korea said the economy will post a mild recovery into next year as a slump in exports eases, while private spending remains relatively weak. In May, the bank cut its growth projection for Asia's fourth-largest economy

South Korean stocks opened almost flat Monday amid geopolitical tensions and expectations of continued Fed rate woes. The benchmark Korea Composite Stock Price Index lost 1.75 points, or 0.07 percent, to 2,373.25 in the first 15 minutes of trading. All three major US indexes closed sharply lower Friday amid escalating tensions in the Middle East and market expectations that the Fed will keep its key rates higher for longer. In Seoul, market bellwether Samsung Electronics added 0.29 percent and t

Corporate direct financing in South Korea surged 39.3 percent from a month earlier in September on a sharp spike in stock sales, data showed Monday. Local companies raised a combined total of 27.57 trillion won ($20.37 billion) by selling stocks and bonds last month, up 7.78 trillion won from August, 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 or other financial instit

South Korea's exports rose 4.6 percent on-year in the first 20 days of October on robust shipments of cars and petroleum products, data showed Monday. The country's outbound shipments reached $33.8 billion in the Oct. 1-20 period, compared with $32.3 billion tallied a year earlier, according to the data from the Korea Customs Service. Imports rose 0.6 percent on-year to $37.6 billion during the period, resulting in a trade deficit of $3.74 billion. Exports fell for the 12th month in a

Riding strong starting pitching and timely hitting, the NC Dinos held off the SSG Landers 4-3 to begin their first-round series in the Korea Baseball Organization postseason Sunday. Kim Seong-uk delivered a pinch-hit, two-run home run in the top of the eighth inning at Incheon SSG Landers Field in Incheon, west of Seoul, backing a scoreless start by Shin Min-hyeok. The Dinos added two insurance runs in the top of the ninth, and they all counted as the Landers made things interesting with a two-r

After reaching a mini career milestone in her LPGA Tour career Sunday in South Korea, Australian star Minjee Lee set her sights on an even bigger target. "I still haven't been able to reach world No. 1 yet. That's the goal for me. That's where I really want to reach," Lee said after beating Alison Lee of the United States in a playoff to win the BMW Ladies Championship in Paju, northwest of Seoul. It was Minjee's first win in South Korea, the country of her parents&