August 12, 2024

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Yoon names new defense minister, national security adviser

President Yoon Suk Yeol named Presidential Security Service chief Kim Yong-hyun as new defense minister while Defense Minister Shin Won-sik was named as new national security adviser, his office said Monday.

National security adviser Chang Ho-jin wa…

(LEAD) Seoul shares spike over 1 pct on eased U.S. recession woes

South Korean stocks closed more than 1 percent higher Monday, recovering from last week’s rout as concerns over a U.S. economic recession eased. The local currency lost ground against the U.S. dollar.

The benchmark Korea Composite Stock Price Index …

S. Korea, Turkey extend currency swap deal

South Korea and Turkey have agreed to extend their currency swap deal by three years, the Bank of Korea (BOK) said Monday.

In 2021, the two countries signed their first three-year, 2.3 trillion-won (roughly US$2 billion) currency swap agreement in a…

(LEAD) Krafton Q2 net income soars over 165 pct on record sales

Krafton Inc., a South Korean game publisher, said Monday its second-quarter net income surged more than 165 percent from a year earlier thanks to record quarterly sales driven by the popularity of its smash-hit title PUBG: Battlegrounds.

Its net pro…