The US Federal Reserve on Wednesday held its benchmark lending rate steady for an eighth consecutive time, while its chair said a rate cut could be "on the table" as soon as September if conditions are met. After the two-day Federal Open Market Committee meeting, the central bank announced the decision to maintain the rate in the 5.25 to 5.50 percent range, a 23-year high, and pointed out "some further progress" toward its inflation target of 2 percent. Albeit in a cautious t

PARIS -- South Korea has secured at least the silver medal in the mixed doubles event in badminton at the Paris Olympics, after an all-Korean semifinal duel as set up on Wednesday. Seo Seung-jae and Chae Yu-jung first advanced to the semifinals by defeating Tang Chun Man and Tse Ying Suet of Hong Kong 2-0 (21-15, 21-10) in the quarterfinals at La Chapelle Arena in Paris. Moments later, Kim Won-ho and Jeong Na-eun also reached the semifinals with a 2-0 (21-19, 21-14) win over Chen Tang Jie and

PARIS -- They say all good things come in threes. At the Paris Olympics on Wednesday, South Korea collected its third consecutive gold medal in the men's sabre team event. Oh Sang-uk, Gu Bon-gil, Park Sang-won and Do Gyeong-dong pushed South Korea past France 45-41 in the final, making South Korea the first Asian country to win three straight team fencing medals in Olympic history. The streak started in 2012 in London. The men's sabre team event was not included in the 2016 Rio de Ja

PARIS -- The South Korean men's sabre fencing team at the Paris Olympics was much different than the one at the Tokyo Games three years ago. But the new-look team produced the exact same result on Wednesday: the gold medal. With half of the team from 2021 changed, South Korea defeated Hungary 45-41 in the gold medal match of the Paris Games at Grand Palais in the French capital. Oh Sang-uk, Gu Bon-gil and Park Sang-won, with Do Gyeong-dong as an alternate, gave South Korea its third conse

  PARIS -- South Korea seized its third consecutive Olympic gold medal in the men's sabre fencing team competition on Wednesday in Paris, becoming just the second country ever to win at least three gold medals in a row in that event. World No. 1 South Korea defeated third-ranked Hungary 45-41 in the gold medal match of the Paris Summer Games at Grand Palais in the French capital. Oh Sang-uk, Gu Bon-gil and Park Sang-won started in the final, with Do Gyeong-dong subbing in for Gu later. Oh,

Major Southeast Asian nations and their Indo-Pacific partners, including South Korea and the United States, have called for North Korea to "fully comply" with U.N. Security Council (UNSC) resolutions banning its nuclear and missile programs, as they wrapped up an annual ministerial meeting in Laos last week. The chairman's statement from the ASEAN Regional Forum (ARF), released Tuesday, also called on countries to "fully implement" UNSC resolutions on North Korea and mak

Samsung Electronics and its largest labor union are still at odds over any breakthrough in their wage negotiations amid an ongoing strike, industry sources said Wednesday. The negotiations between management and the National Samsung Electronics Union (NSEU) started Monday after their previous talks ended without an agreement last week. Last week's meeting was the first management-labor discussion since NSEU's full-scale strike started on July 8. The NSEU has proposed three days of &quo

South Korea's intelligence agency is closely watching relations between North Korea and China, amid increasing signs of the two countries growing apart, officials said Wednesday. The National Intelligence Service (NIS) said it is monitoring any unusual moves after learning that North Korean leader Kim Jong-un has apparently instructed his diplomats stationed in China "not to mind Beijing" when they are on the job. South Korea's JoongAng Ilbo newspaper reported earlier in the

Seoul shares ended sharply higher Wednesday on tech gains amid expectations that the US Federal Reserve may begin a rate cutting cycle within months. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index shot up 32.50 points, or 1.19 percent, to close at 2,770.69. Trade volume was moderate at 543.14 million shares worth 11.84 trillion won ($8.6 billion), with gainers outnumbering losers 586 to 302. Institutions and foreigners bought a combined 202 billion won

An attempt by victims of Japan's wartime sexual slavery to collect court-ordered compensation from the Japanese government has fallen through as Tokyo refused to submit a list of its assets in South Korea. The case involves several Korean victims of Japan's sexual enslavement during World War II, who won a damages suit against the Japanese government in early 2021, securing a claim of 100 million won ($72,364) in compensation per person. However, Japan refused to pay the ordered compen

Seoul shares opened higher Wednesday, following a mixed close on Wall Street, as investors expect the Federal Reserve may begin a rate cutting cycle later this year. The benchmark Korea Composite Stock Price Index added 5.20 points, or 0.19 percent, to 2,743.39 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.5 percent to 40,743.33 points, but the tech-heavy Nasdaq fell 1.3 percent to 17,147.42. This week, all eyes are on the Fed's policy decision on We

NANTERRE, France -- South Korea finished sixth in its first-ever final of an Olympic swimming relay race on Tuesday, unable to overcome an early gap. The team of Yang Jae-hoon, Lee Ho-joon, Kim Woo-min and Hwang Sun-woo posted a time of 7:07.26 in the men's 4x200-meter freestyle relay final at Paris La Defense Arena in Nanterre, just west of the French capital. This was South Korea's first appearance in any Olympic swimming relay final. The four swimmers hoped to make even more histo

PARIS -- South Korea extended its medal-winning streak to four days at the Paris Olympics on Tuesday, picking up a bronze medal each in table tennis and judo. The first medal of the day was a drought buster, as Lim Jong-hoon and Shin Yu-bin captured the bronze medal in the mixed doubles table tennis event for South Korea's first ping pong medal in 12 years. They defeated Wong Chun Ting and Doo Hoi Kem of Hong Kong 4-0 (11-5, 11-7, 11-7, 14-12) in the third-place contest. The South Koreans

PARIS-- Since making his senior international debut in 2022, South Korean judoka Lee Joon-hwan has picked up two bronze medals at world championships and a silver medal at the Asian Games. Falling short of a gold medal, however, is not something Lee wants to get accustomed to. The 22-year-old captured a bronze medal in the men's -81 kilograms at the Paris Olympics on Tuesday. The third-ranked Lee defeated world No. 1 from Belgium, Matthias Casse, in one of two bronze medal contests at Cha

PARIS -- Lee Joon-hwan claimed a bronze medal in the men's -81-kilogram judo at the Paris Olympics on Tuesday for South Korea's second medal in the sport here. Lee, world No. 3, defeated the top-ranked Matthias Casse of Belgium in one of the two bronze medal contests at Champ-de-Mars Arena in Paris. Lee scored the decisive "waza-ari," or a half point, 48 seconds into the sudden-death extra period. Lee ran into his old nemesis from Georgia, world No. 2 Tato Grigalashvili, in

Lim Jong-hoon and Shin Yu-bin captured the bronze medal in the mixed doubles table tennis event at the Paris Olympics on Tuesday, giving South Korea its first table tennis medal in 12 years. Lim and Shin defeated Wong Chun Ting and Doo Hoi Kem of Hong Kong 4-0 (11-5, 11-7, 11-7, 14-12) at South Paris Arena 4 in Paris. Both players earned their first career Olympic medals. Lim and Shin had fallen to the bronze medal match after losing to the top-seeded pair from China, Wang Chuqin and Sun Yings

South Korea qualified for the final of the men's 4x200-meter freestyle relay swimming at the Paris Olympics on Tuesday, the country's first-ever appearance in a relay medal race. The quartet of Lee Ho-joon, Lee Yoo-yeon, Kim Yeong-hyeon and Kim Woo-min finished seventh overall in the heats with a time of 7:07.96 at Paris La Defense Arena in Nanterre, west of Paris, to punch their ticket to the final scheduled for Tuesday night. The top eight teams from the heats qualified for the final

The driver in the fatal car crash near Seoul City Hall was arrested Tuesday, about a month after the accident that left nine people dead. The Seoul Central District Court issued an arrest warrant for the driver, known only by his last name, Cha, citing a flight risk. The court held a hearing earlier in the day to determine whether to issue a writ for the 68-year-old. Ahead of the hearing, Cha, who appeared in public for the first time, repeatedly said he was sorry to the victims and their famili

South Korea condemns the deadly rocket strike in the Israeli-occupied Golan Heights that killed 12 children and calls on all parties to avoid escalating tensions, the foreign ministry said Tuesday. "We condemn the attack on the Druze community village of Majdal Shams in the Golan Heights and extend heartfelt condolences and sympathies to the family members of the 12 children who lost their lives in the attack," the ministry spokesperson said in a commentary. "We urge all parties

A military court has issued a warrant to arrest an official at the military's intelligence command for allegedly leaking information of South Korean espionage agents operating overseas, the defense ministry said Tuesday. The civilian official at the Korea Defense Intelligence Command, whose identity is withheld, is suspected of handing over personal information of so-called black agents to a Chinese national of Korean descent. Black agents refer to intelligence officials conducting undercov