South Korea's credit default risk has hit an 18-month high amid saber-rattling between the United States and North Korea over the latter's weapons program, data showed Wednesday.The credit default swap (CDS) premium for South Korean foreign exchange stabilization bonds with a five-year matur
President Moon Jae-in will hold a press conference this week to personally answer questions on various issues that will likely include North Korea's recent provocations and military threats that are causing serious concerns of a possible armed conflict in the region, officials from the president
President Moon Jae-in paid a visit to the gravesites of Korean independence fighters in the rain Tuesday marking the 72nd anniversary of Korean liberation from Japanese colonial rule. Moon arrived in the morning at Hyochang Park, central Seoul, where the graves of Kim Goo and three ot
North Korean leader Kim Jong-un has been briefed on the military's plan to fire ballistic missiles near the U.S. territory of Guam, home to key American air and naval bases, Pyongyang's state media said Tuesday.After examining the plan, the North's leader said that he would watch Washing
South Korean President Moon Jae-in said Tuesday that the country will expand its diplomatic efforts to peacefully resolve North Korea's nuclear and missile issues, vowing to prevent a war from breaking out on the Korean Peninsula. "The government will prevent a war at all cost. We must
The United States will go to war with North Korea if it fires missiles at Guam, Defense Secretary Jim Mattis said Monday, issuing another strong warning to the nuclear armed regime.Guam, a U.S. territory in the Pacific, has emerged as a major security issue following North Korea's threats to sho
With President Moon Jae-in set to mark his 100th day in office this week, the geopolitical situation on the Korean Peninsula and Seoul's relations with major powers remain tricky, posing a grave challenge for the new leader down the road.Moon came into office on May 10 with urgent missions to ad
SEOUL, Aug. 14 (Yonhap) -- In less than 100 days since taking office, new South Korean President Moon Jae-in appears to have successfully turned the boat around, mostly for the better, but also with many challenges that include escalating tension with communist North Korea.The changes initiated by M
President Moon Jae-in has championed job creation and increased household income as a way to put South Korea on the path of sustainable economic growth that can benefit all people.Moon has vowed to create 810,000 "quality" jobs in the public sector during his single five-year term in office that e
The leaders of the United States and China once again called on North Korea on Saturday to stop its provocative actions, which recently have sparked high tensions on the Korean Peninsula, while vowing to cooperate on a peaceful resolution to the North's nuclear issue.After the phone conversation
The Ministry of Defense said Saturday the advanced U.S. missile defense system deployed in a southern town won't cause any adverse effects to the local environment.Earlier in the day, the defense and environment ministries conducted their joint environmental survey of electromagnetic radiation a
Minister of National Defense Song Young-moo on Saturday ordered the military to fight back "resolutely and confidently" against any North Korean provocation, the ministry said.Song made the remark during his visit to Yeonpyeong Island, a Yellow Sea island close to the inter-Korean border. The mini
The South Korean government on Saturday began a formal environmental survey on the advanced U.S. missile defense system deployed in a southern town amid a fierce protest by local residents and activists, officials said.The defense and environment ministries were to conduct their joint study of elect
President Moon Jae-in's top security adviser has reportedly canceled his summer vacation plans in consideration of rising military threats from North Korea, an official at the presidential office Cheong Wa Dae said Saturday.Chung Eui-yong, the head of the Presidential National Security Office, w
South Korea's foreign ministry has created an online bulletin board on its intranet to collect cases of its diplomats abusing their power over lower-ranking and lower-paid contracted staffers at overseas missions, a source said Friday.The move comes amid mounting accusations that thousands of co
U.S. President Donald Trump ratcheted up tensions with North Korea Friday, saying the military is "locked and loaded" to deal with North Korea's provocations."Military solutions are now fully in place, locked and loaded, should North Korea act unwisely," he tweeted. "Hopefully Kim Jong Un w
A senior government official in charge of science innovation offered to step down Friday over her involvement in a stem cell research fraud scandal a decade ago, dealing yet another blow to President Moon Jae-in."I sincerely apologize for causing such disappointment and controversy," Park Ky-young
U.S. President Donald Trump warned Tuesday that North Korea will be met with "fire and fury" if it continues to threaten his country, issuing a strong rebuke against a country that has reportedly succeeded in miniaturizing nuclear weapons."North Korea best not make any more threats to the United
North Korea's foreign minister dismissed South Korea's recent offer for talks as "lacking sincerity" during his brief encounter with Seoul's top diplomat on the sidelines of an Asian security forum in Manila on Sunday, according to a Seoul government source.North Korea's Ri Yong-ho
The number of South Koreans traveling to China plunged from April through June of this year amid the diplomatic row over Seoul's decision to deploy U.S. anti-missile defense systems on its soil, tourism industry data showed Sunday.The total visitors going to China fell by 50 to 60 percent in the