The Bank of Korea has decided to hold its key interest rate steady at 3-point-5 percent once again. But its governor today hinted at a potential policy shift. Our finance correspondent Lee Soo-jin reports. South Korea’s central bank has yet again left its benchmark interest rate unchanged at 3-point-5 percent. The decision was announced on … Read more
Underlining the importance of maintaining a robust defense industry to keep NATO’s deterrence strong, 32 NATO member states have agreed to boost defense industry capacity and production. The newly adopted NATO Industrial Capacity Expansion Pledge includes the acceleration of multinational procurement, enhancing the implementation of standards to increase interoperability, and securing critical supply chains. It … Read more
As expected, this year’s NATO summit served to renew its support for Ukraine and demonstrate its solidarity against North Korea, Russia, and China. Our foreign affairs correspondent Bae Eun-ji reports on what this could mean for regional security. The leaders of 32 NATO member states have issued a joint declaration which strongly condemns North Korea’s … Read more
And aside from security concerns, the President sought to strengthen Korea’s economic partnerships with its global counterparts. Our top office correspondent Kim Do-yeon tells us more. President Yoon Suk Yeol is utilizing the NATO Summit in Washington, D.C. to enhance economic cooperation with member nations. This as he met with the leaders of 6 NATO … Read more
(KIM) Q1. Leaders of NATO member countries issued the Washington Summit Declaration on Wednesday. Walk us through the key points and your thoughts on central issues, such as aid to Ukraine, expanding partnerships with the Indo-Pacific, and deterrence against Russia and China. (REVERE) Q2. Opening the summit, U.S. President Joe Biden delivered a forceful speech … Read more
There have been heatwave warnings in Seoul for two days in a row. The daytime temperature in Seoul moved up to 31 degrees Celsius today. Heatwave warnings are also being issued in Gyeonggi-do, Gangwon-do, Chungcheongbuk-do, and Gyeongsangbuk-do provinces. It will continue to be hot tomorrow. There will be frequent showers throughout the inland areas until … Read more
South Korean tech giant Samsung Electronics unveiled its AI foldable smartphone series during its “Unpacked” event held in Paris on Wednesday. Our business correspondent Park Kun-woo is here in the studio to tell us more. Hi, Kun-woo. Evening, Jung-min. Give us a glimpse of the event in Paris –the venue for the Olympics. Of course, … Read more
▪ [AI] Samsung’s first-ever AI foldable phone, Galaxy Ring unveiled in Paris on Wednesday ▪ [AI] Bank of Korea holds interest rate steady for 12th consecutive time ▪ [AI] NATO leaders issue Washington Summit Declaration, strongly condemning China’s support for Russia ▪ [AI] Presidents Yoon, Biden may meet on sidelines of NATO; S. Korea joins … Read more
Good afternoon. Monsoon rain takes a break on the mainland today but you will still need to keep an umbrella handy as there will be passing rain, it could pour down once it starts to rain. Meanwhile, Jeju will see monsoon rain through tomorrow with up to 80 millimeters in the forecast. The heat advisory … Read more
South Korea’s navy is partaking in the world’s largest maritime warfare exercise in Hawaii that also includes live-fire drills. Our defense correspondent Choi Min-jung was there. “All forces. Ready for combat!” “Captain. An enemy surface-to-ship guided missile has come into contact. We will engage in combat with an SM-2.” “SM-2 Fire! 5, 4, 3, 2, … Read more
