Category: Governance

Seoul stocks up for 5th session on economic rebound hope

SEOUL– South Korean shares advanced for the fifth day Friday, finishing just shy of the 3,200-point mark, as expectations of a global economic rebound and sound corporate earnings boosted investor sentiment. The Korean won rose against the U.S. dollar…

FM Chung holds phone talks with WEF president

SEOUL– Foreign Minister Chung Eui-yong held phone talks with Borge Brende, president of the World Economic Forum (WEF), on Friday and discussed cooperation ahead of the forum’s annual meeting slated for August, the foreign ministry said.During the tal…

Biden, Japan’s Suga to Discuss China at White House Summit

Japanese Prime Minister Yoshihide Suga has become the first foreign leader to hold face-to-face talks with U.S. President Joe Biden since the latter assumed office, meeting at the White House for discussions that are expected to focus heavily on counte…

Daewoo Shipbuilding says LNG FSRU deal revised

SEOUL– Daewoo Shipbuilding & Marine Engineering Co. said Friday that its deal to build a liquefied natural gas (LNG) floating storage regasification unit (FSRU) has been changed, with the value of the contract h…