Foreign Minister Cho Tae-yul and his Japanese counterpart, Takeshi Iwaya, have held talks on the sidelines of the Asia Pacific Economic Cooperation meeting in Peru, Seoul's foreign ministry said Friday. The top diplomats of the two nations held a meeting in Lima on Thursday to discuss bilateral ties and North Korean issues, according to the ministry. It marked the first in-person meeting between Cho and Iwaya since the top Japanese diplomat took office last month with the launch of the new

Foreign Minister Cho Tae-yul and U.S. Secretary of State Antony Blinken have discussed bilateral ties and concerns about North Korea's troop dispatch to Russia, vowing close coordination against Pyongyang and Moscow's growing alignment, Cho's office said Friday. Cho and Blinken held talks on the sidelines of the Asia Pacific Economic Cooperation meeting in Peru on Thursday, where the top diplomats accompanied their leaders on the APEC summit. In the meeting, both sides expressed c

The upcoming trilateral summit between South Korea, the United States and Japan in Peru will be a chance for the three countries to discuss a "coordinated" response to North Korea's troop dispatch to support Russia's war in Ukraine, a senior US security official said Thursday. National Security Advisor Jake Sullivan made the remarks as South Korean President Yoon Suk Yeol, US President Joe Biden and Japanese Prime Minister Shigeru Ishiba are set to hold a trilateral summit on

Opposition leader Lee Jae-myung is set to be sentenced Friday on charges of lying during the previous presidential campaign when he was a candidate, a decision that will affect whether he can run in the next presidential election in 2027. Lee, the leader of the main opposition Democratic Party, is accused of lying during a media interview in December 2021 that he did not know the late Kim Moon-ki, a former executive of Seongnam Development Corp., which was behind a corruption-ridden development

US President-elect Donald Trump's transition team is aiming to end a tax credit for electric vehicle (EV) purchases, a key element of President Joe Biden's Inflation Reduction Act, as part of broader tax reform legislation, Reuters reported Thursday, citing two unnamed sources. The potential repealing of the $7,500 consumer tax credit is being discussed in meetings by an energy-policy transition team, which is headed by Harold Hamm, founder of Continental Resources, and North Dakota Go

South Korea men's football head coach Hong Myung-bo took the reins in July under less-than-ideal circumstances, dogged by criticism of an unfair hiring process by the Korea Football Association. He was booed lustily by home fans before, during and after his first match, a World Cup qualifier against Palestine on Sept. 5 in Seoul. That the match ended in a goalless draw only added fuel to the fire. With each passing match, though, Hong has gradually come to be viewed in a different light. Bo

South Korean stocks opened lower Friday as Federal Reserve Chair Jerome Powell hinted at slowing the central bank's rate cut amid signs of lingering inflation. The Korean won opened slightly lower against the greenback, continuing to hover above the psychologically important level of 1,400 won. The benchmark Korea Composite Stock Price Index fell 0.57 points, or 0.57 percent, to 2,405.12 in the first 15 minutes of trading. During a speech held in Dallas, Powell said the economy is showing n

Captain Son Heung-min marked his international return with a goal, as South Korea defeated Kuwait 3-1 for their fourth consecutive victory in the ongoing World Cup qualification round in Kuwait City on Thursday. Son converted a penalty that he had drawn himself at Jaber Al-Ahmad International Stadium during the teams' Group B match in the third round of the Asian qualification for the 2026 FIFA World Cup. It was Son's 50th international goal, which put him in a tie for second place on

Samsung Electronics and its largest labor union reached a preliminary agreement on a 5.1 percent pay increase Thursday, officials said, paving the way for ending stalled wage negotiations that have involved a weekslong strike. The tech giant and the National Samsung Electronics Union -- which represents 31,000 workers, or about 24 percent of the company's workforce -- have held multiple rounds of talks since January over the wage increase rate, vacation systems and bonuses without avail. Th

A regional court on Thursday fined the wife of opposition leader Lee Jae-myung 1.5 million won ($1,070) for providing free meals during her husband's run in the party primary to select the candidate for the 2022 presidential election. Kim Hye-kyung, wife of Democratic Party of Korea Chair Lee, was indicted after providing meals worth 104,000 won to the wives of three former and current party lawmakers and three of her aides at a restaurant in Seoul in August 2021, shortly after Lee declar

South Korea's consul general in New York has offered to step down amid growing criticism from the opposition party in Seoul over his personal ties to first lady Kim Keon Hee. In a statement released to media on Wednesday (New York time), Kim Euy-whan said he had already submitted his resignation to the foreign ministry on Oct. 26, following the parliamentary audit where he came under intense scrutiny from opposition party lawmakers. Kim denied that his connection to the first lady was the r

Delivery platforms and their partnered restaurants reached an agreement Thursday on reducing controversial commission fees to 2 to 7.8 percent from the current 9.8 percent starting next year, officials said. The decision came in the 12th round of a meeting held by a government consultative body overseeing the discussions, attended by representatives from Baedal Minjok, or Baemin, as well as smaller competitors Coupang Eats and Yogiyo, along with small business owners registered with these platfo

The annual college entrance exam kicked off nationwide Thursday with a record number of retakers driven in part by an increase in medical school admissions. A total of 522,670 students, including high school seniors and graduates, were registered to take the state-administered College Scholastic Ability Test, up 18,082 from last year. High school seniors numbered 340,777, accounting for 65.2 percent of the total, while graduates numbered 161,784, the largest figure since 2003. Many of the gradua

The Supreme Court on Thursday upheld a lower court's suspended prison sentence for former lawmaker Youn Mee-hyang convicted of embezzling funds donated to help support women who were forced into wartime sexual slavery by Japan during World War II. The top court confirmed the Seoul High Court's 1 1/2-year prison term, suspended for three years, delivered to Youn in September last year, saying the verdict did not contain any errors or misunderstanding of the legal principles. The top cou

South Korea's fiscal deficit grew markedly during the first nine months of 2024, the finance ministry said Thursday, partly due to increased expenditure. The managed fiscal balance, a key gauge of fiscal health calculated on stricter terms, posted a deficit of 91.5 trillion won ($65.1 billion) in the January-September period, up 20.9 trillion won from the same period last year, according to the finance ministry. This year's tally was the third-largest figure for the cited period, the m

The government unveiled a package of measures aimed at addressing long-standing consumer complaints in the wedding industry Thursday, which has often been cited as a significant factor driving up the high costs of marriage. The measures were introduced at an economic ministers' meeting in Seoul, led by Finance Minister Choi Sang-mok, who also serves as the deputy prime minister for economic affairs. "The high costs of wedding services have become a financial burden for young people, an

Finance Minister Choi Sang-mok said Thursday the government will take active steps, if necessary, to address excessive volatility in the foreign exchange (FX) market. Since Donald Trump's victory in the US presidential election last week, the local currency has been fluctuating around the psychologically significant level of 1,400 won against the US dollar. In a meeting with other economic policymakers in Seoul, Choi said that if there is excessive volatility in the financial and FX markets

President Yoon Suk Yeol is set to depart for Peru on Thursday to attend the Asia-Pacific Economic Cooperation summit, with an eye on a possible meeting with US President-elect Donald Trump during the South America trip. Yoon will travel to Peru from Thursday to Friday for the APEC summit and head to Brazil on Sunday for the Group of 20 (G20) summit slated for the next two days. He plans to use the diplomatic stage to pledge South Korea's active role in global issues and call for internation

Another Korean American won a seat in the U.S. House of Representatives, a news report said Wednesday, an election that will add to a steadily growing list of Korean American lawmakers in Congress. State Sen. Dave Min, a Democrat, has defeated his Republican rival, Scott Baugh, by a slim margin in the race in California's 47th Congressional District, according to NBC News. It marks his first election to the lower chamber of Congress. "I know many of us are anxious about the future of o

US President-elect Donald Trump officially nominated Florida Sen. Marco Rubio as his secretary of state on Wednesday, calling him a "strong advocate for our nation" and a "true friend to our allies." Trump issued a statement on the nomination of Rubio, known for his hawkish stance on China and Iran, as America's next top diplomat is to face a full plate of foreign policy challenges, including an intensifying rivalry with China, Russia's war in Ukraine and North Kore