Seoul shares ended lower Monday to extend their losing streak to a fifth day amid concerns that the US Federal Reserve may not cut its rate by a large margin. The Korean won traded sharply lower against the US dollar. The benchmark Korea Composite Stock Price Index lost 8.35 points, or 0.33 percent, to close at 2,535.93. Trading volume was moderate at 262.46 million shares worth 7.3 trillion won ($5.4 billion), with gainers outnumbering losers 502 to 371. Foreigners sold a net 540 billion won wo

The transport ministry said Monday it plans to issue a legislative notice for new government regulations regarding electric vehicle safety announced last week in response to public concerns over EV fires. The ministry said the legislative notice for amendments to the enforcement regulations of the Automobile Management Act will be issued for 40 days, from Tuesday to Oct. 21. Last week, the government said its EV battery certification system that was scheduled to go into effect next February will

The chief of the financial regulator urged mutual savings banks Monday to recommit themselves to their basic duty of serving their communities, also calling on them to quickly address risks on loans extended to real estate projects. Kim Byoung-hwan, chair of the Financial Services Commission, made the call in a meeting with top officials from five major mutual savings banks and credit cooperatives, including Nonghyup. "The mutual banking sector has long contributed to the balanced developme

North Korea has held celebrative events to mark the 76th anniversary of the regime's founding, with senior officials visiting a mausoleum to pay tribute to the country's late former leaders, state media reported Monday. Premier Kim Tok-hun and other key officials on Sunday visited the Kumsusan Palace of the Sun, where the embalmed bodies of the current leader's father, Kim Jong-il, and grandfather, Kim Il-sung, lie in state, according to the Korean Central News Agency. The North&#

Seoul shares opened lower Monday after weaker US employment data, amid concerns that the Federal Reserve has waited too long to cut rates as recession risks grow. The benchmark Korea Composite Stock Price Index fell 1.3 percent, or 33.89 points, to 2,510.39 in the first 15 minutes of trading. Weaker-than-expected employment data in August weighed on investor sentiment ahead of the Fed's rate decision later this month, analysts said. They noted that investors will focus on next week's i

The Paris Paralympics have drawn to a conclusion, with South Korea having surpassed its gold medal target. South Korea finished the 12-day competition that ended Sunday in 22nd place with six gold medals, 10 silver medals and 14 bronze medals. The Korea Paralympic Committee, which sent 177 athletes and coaches to Paris, had set out to win five gold medals. At the previous Paralympics in Tokyo in 2021, South Korea had managed only two gold medals, its fewest total in over four decades. Half of th

A collaboration song between RM, the leader of K-pop supergroup BTS, and American rapper Megan Thee Stallion has performed well on major global music charts. "Neva Play" reached No. 10 on Spotify's daily top songs global chart after being streamed more than 4.5 million times, the streaming giant said Saturday (U.S. time). It marks RM's highest solo entry on this chart. The track also topped the iTunes Top Songs charts in 87 countries, including the United States, Canada and G

Intranet photos of soldiers, military and defense ministry officials have been made unavailable over concerns they could be abused to make sexually abusive deepfake images, officials said Sunday. Such photos were made invisible from the military's Onnara System intranet and the websites of military units as of Thursday last week, military officials said. Only those with due authority can access such photos. "There was the possibility of the photos being abused for sex crimes because in

A major doctors' lobby group demanded Sunday the government cancel its plan to raise the medical school admissions quota for 2025 and 2026 and discuss the possible quota adjustment for 2027 or afterward. Officials of the Korean Medical Association made the call after the government last week said it is willing to revise the plan for 2026 if the medical community presents a "reasonable" option. The Yoon Suk Yeol administration has vowed to increase the medical school admissions quo

Military and public health doctors deployed to emergency rooms to help ease medical staff shortages will be granted immunity from liability for damages resulting from medical malpractice, health authorities said Sunday. Since last Wednesday, 250 military physicians have been assigned to emergency rooms and other understaffed departments after a significant number of junior doctors resigned in February to protest the government's decision to significantly increase medical school admissions

A large digital advertisement showing same-sex couples kissing and embracing each other was taken down four days after it began airing on the streets of Seoul's southern district of Gangnam due to a series of complaints. The 20-second dating app ad first appeared on a 6-storey digital billboard set up along the streets of Gangnam's Nonhyeon-dong on Aug. 26 under a contract that calls for the ad's airing at least 100 times a day for one year. The images showed gay and lesbian coupl

South Korea will look to redeem themselves in their next World Cup qualifying match against Oman this week following a disappointing performance on home soil to begin the ongoing round last week. South Korea and Oman will square off for their second Group B match in the third round of the Asian qualification for the 2026 FIFA World Cup at Sultan Qaboos Sports Complex in Muscat. The kickoff is 6 p.m. Tuesday (local time), or 11 p.m. the same night in South Korea. South Korea, ranked 23rd, couldn&

A victim of Japan's sexual slavery of Korean women during World War II has died, a civic group said Saturday, bringing down the number of officially registered surviving victims to eight. The woman died recently, the Korean Council for Justice and Remembrance for the Issues of Military Sexual Slavery by Japan said, without revealing her identity. At 18, the late victim traveled to China with a friend to find work at a sewing factory but was forced into sexual servitude for Japanese troops

The government said Saturday that the medical community should draw up its plan for proposed talks over an increase in the medical school admissions quota amid prolonged strikes by junior doctors. On Friday, the presidential office said it is open to readjusting the country's quota for 2026 and would welcome it if a negotiating panel is formed among the rival parties, the government and the medical community to discuss the issue. The ruling People Power Party proposed launching a four-way

WASHINGTON-- South Korea and the US held simulation drills in Washington this week to enhance nuclear deterrence cooperation, both sides said Friday, as the allies are stepping up security coordination to counter evolving North Korean threats. Seoul and Washington held the first table top simulation of the Nuclear Consultative Group, the allies' key nuclear deterrence dialogue body, on Thursday and Friday, Seoul's defense ministry and the Pentagon said in a joint statement. The TTS

North Korea has launched around 190 balloons filled with scrap paper and other waste toward the South in its resumed balloon campaign, with many found in Seoul and surrounding areas, military officials said Saturday. North Korea floated the balloons from Friday night to early Saturday morning, and around 100 have landed in the capital and its surrounding Gyeonggi Province so far, the Joint Chiefs of Staff said. No hazardous materials have been found in the balloons, which contained only scrap

PARIS (Yonhap) -- South Korea has collected two silver medals at the Paris Paralympics as the competition enters its final weekend. Yoon Ji-yu grabbed silver in the women's singles (WS3 classification) in para table tennis at South Paris Arena 4 on Friday, after losing to Andela Muzinic Vincetic of Croatia in the final by the score of 3-2 (11-7 11-8, 10-12, 10-12, 13-11). After dropping the first two games, Yoon battled back to take the next two. She held a gold medal point in the deciding

The Supreme Prosecutors Office's investigation review committee advised Friday against indicting first lady Kim Keon Hee for accepting a luxury handbag from a Korean American pastor. The panel, comprising 15 outside experts, reached the conclusion after a meeting at the top prosecutors office to review the first lady's case involving allegations that she illegally received a Dior handbag worth 3 million won ($2,248) and other expensive gifts from pastor Choi Jae-young in 2022. Followin

South Korea will keep next year's state health insurance premiums unchanged for a second straight year in an effort to help ease people's financial burdens, the health ministry said Friday. Under the plan, the health insurance premium rate will remain unchanged at 7.09 percent in 2025, marking the first time the government has implemented a two-year freeze in the insurance scheme. The government also froze the rate last year. Previously, the government has raised health insurance premi

K-pop agency The Black Label's first girl group, Meovv, debuted Friday with its first single showcasing the group's identity that evokes the "chic and lovely" characteristics of cats. The label is led by Teddy, a renowned producer who has worked with K-pop legends BIGBANG and BLACKPINK. "I'm really happy to be on this debut stage, which I have dreamed of for a long time," member Gawon said during the media showcase for the group's debut album, which was st