South Korea

South Koreans among seven missing in Himalayan avalanche

3:09 pm January 18, 2020

Kathmandu: An avalanche in Nepal’s Annapurna region has left at least seven people missing, including four South Koreans and three Nepalis, officials said Saturday. The incident occurred at an altitude of around 3,230 metres (10,597 feet) close to the base camp for Annapurna, one of the highest peaks in the Himalayas, following heavy snowfall on […]

All eyes on Sitharaman’s second Budget for tax relief

2:05 pm January 1, 2020

New Delhi: The common man has his eyes set on Finance Minister Nirmala Sitharaman’s second Budget next month for relief in income tax, but an economic slowdown and a sharp reduction in corporate tax rates hint that she has very little flexibility to dole out a big largesse. Facing flak for not doing enough to […]

North Korea begins key meeting before year-end deadline for US

3:17 pm December 29, 2019

SEOUL, South Korea: North Korea has opened a high-profile political conference to discuss how to overcome “harsh trials and difficulties,” state media reported Sunday, days before a year-end deadline set by Pyongyang for Washington to make concessions in nuclear negotiations. The ruling Workers’ Party meeting is a focus of keen attention as some observers predict […]

China, Japan, South Korea meet on North Korea, free trade

3:10 pm December 24, 2019

Chengdu: Leaders from China, Japan and South Korea reiterated their commitment to ending North Korea’s nuclear and missile programs at a trilateral summit Tuesday that comes against the backdrop of increasing demands by Pyongyang for sanctions relief. Free trade and economic cooperation were also at the forefront of the meetings between Chinese Premier Li Keqiang, […]

S Korea cuts growth forecast to lowest in decade

2:18 pm November 29, 2019

Seoul: South Korea’s central bank on Friday cut its growth forecast for this year to two percent, which would be the weakest rate in a decade as the economy is battered by trade disputes. The world’s 11th-largest economy is highly dependent on international commerce but is grappling with the fallout of a prolonged China-US trade […]