The opening ceremony for the Paris Olympics is Friday evening, but there will be preliminary action taking place in the days leading up to the occasion. For South Korea, the action begins with the individual ranking rounds in the women's and men's archery, followed by the Group A match in the women's handball tournament Thursday. The ranking rounds in archery will determine seeding for the tournament. The higher the seed, the better chance an archer has of avoiding tough competiti

North Korea again launched balloons presumed to be carrying trash toward South Korea, the Joint Chiefs of Staff (JCS) said Wednesday. The JCS said the balloons appeared to be traveling toward the northern part of Gyeonggi Province that surrounds Seoul, and advised the public to not touch fallen balloons and report them to the military or police. North Korea has launched more than 3,000 trash-carrying balloons since late May, including some 500 such balloons Sunday, in a tit-for-tat move against

South Korean shares opened lower Wednesday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) shed 12.28 points, or 0.44 percent, to 2,762.01 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average lost 57.35 points, or 0.14 percent, to close at 40,358.09, with the Nasdaq slipping 10.22 points, or 0.06 percent, to 17,997.35. In Seoul, large caps traded mixed. Market bellwether Samsung Electronics lost 1.67 percent, with No.

President Yoon Suk Yeol spoke by phone with Czech Prime Minister Petr Fiala on Tuesday to discuss bilateral cooperation in nuclear energy and other areas, his office said. During their talks, Yoon agreed to visit Prague in September at the request of Fiala to discuss the successful implementation of a major nuclear power plant project following the Czech Republic's selection of a South Korean consortium as the preferred bidder. Yoon said the project will serve as an opportunity for both c

Samsung Electronics and its largest labor union resumed wage talks Tuesday but failed to reach an agreement, informed sources said. The ninth round of talks was represented by Son Woo-mok, head of the National Samsung Electronics Union, and Kim Hyeong-ro, the company's vice president, according to the source. It was the first wage talks between the two sides since the NSEU declared a full-scale strike July 8. They held a preparatory meeting last week to discuss schedules for the talks. The

Seoul shares closed higher Tuesday to snap a four-day losing streak, tracking an overnight rebound in US tech stocks. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 10.78 points, or 0.39 percent, to close at 2,774.29. Trade volume was moderate at 416 million shares worth 11.3 trillion won ($8.15 billion), with losers outnumbering winners 494 to 365. Foreign investors purchased 241.2 billion won worth of local shares, while retail investors an

President Yoon Suk Yeol will send special envoys to the Czech Republic to discuss follow-up measures on the European country's selection of a South Korean consortium as a preferred bidder for a nuclear power plant project, his office said Tuesday. Sung Tae-yoon, the presidential chief of staff for policy, and Industry Minister Ahn Duk-geun were to leave Tuesday on a three-day trip to meet Czech Prime Minister Petr Fiala and Minister of Industry and Trade Jozef Sikela, according to the offic

Jamsu Bridge over the Han River and sections of the Olympic Expressway across southern Seoul were closed Tuesday due to rising river levels caused by heavy rain, city officials said. Torrential rain of up to 30 millimeters per hour, beginning early Tuesday morning, increased water discharge from the Paldang Dam on the eastern upstream side of the Han River, according to the officials. Due to rising water levels in the Han River, both vehicle and pedestrian traffic were prohibited on the submersi

The ruling People Power Party was set to hold a national convention Tuesday to elect a new party leader to head the embattled party following the party's crushing defeat in April's parliamentary elections. The party convention comes nearly three months after former interim leader Han Dong-hoon resigned after the general elections to take responsibility for the defeat. Han, running again to become the new PPP chief, is leading the race by a relatively significant margin, according to op

Seoul shares started higher Tuesday, led by gains in chipmakers and autos, tracking overnight gains on Wall Street. Following a fourth straight session of decline, the benchmark Korea Composite Stock Price Index added 32.30 points, or 1.17 percent, to 2,795.81 in the first 15 minutes of trading. Overnight, major US indexes gained ground as big-cap tech shares, including Nvidia, ASML, Microsoft and Alphabet, rebounded after their slump last week. In Seoul, market bellwether Samsung Electronics ro

North Korean leader Kim Jong-un may try to rekindle his "bromance" with former President Donald Trump if he returns to the White House, a former US official said Monday, predicting Kim could propose a deal to limit his regime's nuclear program in return for American troops' pullout from South Korea. H.R. McMaster, who served as national security advisor for Trump from 2017-2018, made the remarks amid speculation that the GOP presidential nominee, if reelected, could seek dire

SEOUL, July 22 (Yonhap) -- The defense chiefs of South Korea, the United States and Japan will hold talks in Tokyo next week to discuss issues such as strengthening their trilateral security cooperation in response to North Korea's nuclear and missile threats, the South's defense ministry said Monday. The gathering scheduled for Sunday comes amid tensions on the Korean Peninsula over North Korea's repeated launches of trash-carrying balloons toward South Korea in a tit-for-tat r

A parliamentary committee unilaterally passed a pro-labor bill Monday that aims to limit companies from making claims for damages against legitimate labor union disputes. Lawmakers affiliated with the main opposition Democratic Party and other progressive parties passed the revision to the Trade Union and Labor Relations Adjustment Act, nicknamed the yellow envelop bill, during a plenary session of the parliamentary environment and labor committee. In protest, the ruling People Power Party left

South Korean Foreign Minister Cho Tae-yul met with his Albanian counterpart, Igli Hasani, on Monday and discussed ways of enhancing cooperation on security, new technologies and the overall economy, Seoul's foreign ministry said. During the meeting in Seoul, Cho expressed hope for stronger relations with Albania on a wide range of issues, such as cyber security, artificial intelligence and other advanced technology sectors, as South Korea is working to boost cooperation with major European

The nominee to head the Financial Services Commission said Monday that the authorities would manage rising household loans amid concerns that such fast-rising loans could hurt economic recovery and the financial system. "We are in a situation to remain guarded (against the pace of household loans)," Kim Byoung-hwan, a former vice finance minister who was nominated as the FSC chief, said during a parliamentary confirmation hearing. "Authorities will thoroughly manage such loans.&qu

Seoul shares fell more than 1 percent Monday, hit by declines in semiconductor stocks. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) tumbled 31.95 points, or 1.14 percent, to close at 2,763.51. Trade volume was slightly moderate at 456.1 million shares worth 10.3 trillion won ($7.42 billion), with losers outnumbering winners 673 to 211. Institutions and foreign investors dumped local shares worth a combined 105.3 billion won, while retail

North Korea said Monday the United States and South Korea have never stopped their joint military drills against the North since the signing of the armistice that ended the 1950-53 Korean War, claiming that they are crossing a red line of a new nuclear war. The Rodong Sinmun, the North's main newspaper, raised public awareness against the US ahead of the 71st anniversary of the signing of the armistice on July 27, celebrated as Victory Day in North Korea. "The enemies' madness of

Seoul shares started lower Monday as most blue chips across the board retreated, led by battery and energy-related stock losses. The benchmark Korea Composite Stock Price Index dipped 5.57 points, or 0.2 percent, to 2,789.89 in the first 15 minutes of trading. Leading battery firm LG Energy Solution dropped 2.75 percent following news that it has recently suspended construction of its joint US plant with General Motors amid stagnation in growth of the electric vehicle market. Smaller rival Samsu

Hospitals were set to begin hiring about 7,700 trainee doctors on Monday, although medical professors have warned of boycotting their training programs in protest of the government's push for accepting the resignations of striking trainees. Monthslong standoffs with trainee doctors over the medical school admission quota hikes have shown no end in sight, as trainee doctors have been unresponsive to the government's appeasement steps, including a plan to abandon all punitive steps again

Kim Beom-su, the founder of Kakao Corp., was to attend a court hearing Monday on an arrest warrant requested for him over alleged stock price manipulation related to the firm's takeover of K-pop powerhouse SM Entertainment last year. The Seoul Southern District Court was scheduled to hold a hearing for Kim around 2 p.m., two weeks after prosecutors questioned the tech tycoon about his alleged involvement in the manipulation of SM shares. The court is expected to decide whether to issue an a