S&P 500 surpasses 5,500 for first time

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Also in the U.S. The S&P 500 closed trade on Tuesday above the 5-thousand 5-hundred level for the first time. The index gained over 33 points from its previous session to end at 5-thousand-5-hundred-NINE-point-ZERO-ONE. The record rally followed earlier remarks by U.S. Federal Reserve Chairman Jerome Powell at a forum hosted by the European Central … Read more

First day of Nat’l Assembly’s Q&A session failed to resume due to clashes between rival parties

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At the National Assembly here. Tuesday’s interpellation on broader defense-related concerns ended with a fierce war of words between ruling and opposition lawmakers. Our political correspondent Shin Ha-young has details. Marking the 22nd National Assembly’s first government question-and-answer session on Tuesday, political matters, as well as diplomacy and security, took center stage. Among the topics … Read more

S. Korea dismisses N. Korea’s claims on successful test launch of 4.5-ton ‘super-large’ warhead

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South Korea has cast doubt on North Korea’s latest claim of a successful missile test. Our defense correspondent Choi Min-jung explains. North Korea on Tuesday morning claimed that it successfully tested a new type of tactical ballistic missile, carrying a 4.5-ton “super-large” warhead, the day before. This is the first time that the North has … Read more

Driver arrested on charge of accidental homicide after car crash kills 9

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Investigations continue to determine the cause of Monday’s deadly car crash in central Seoul that killed nine people. Choi Soo-hyung has the latest. After a devastating scene in downtown Seoul on Monday night the police took the driver in on charges of accidental homicide which falls under violations of the special act on the settlement … Read more

28TH BIFAN OPENS DOORS

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Hello and welcome to yet another edition of Issues and Insiders. It’s Wednesday July 3rd here in Korea. I’m Min Sunhee. Today we touch upon this year’s Bucheon International Fantastic Film Festival that is poised to officially open tomorrow. For this I have film critic Pierce Conran live on the line. Pierce it’s great to … Read more

S. Korean leader pledges over US$ 17 bil. to support small businesses

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President Yoon Suk Yeol has pledged nearly 18-billion U.S. dollars in support for small business owners, to help them repay their loans and grow into large innovative enterprises. On Wednesday, the South Korean leader chaired a meeting on the government’s economic policy roadmap for the second half of the year. While noting that the country’s … Read more

First day of Nat’l Assembly’s Q&A session failed to resume due to clashes between rival parties

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The National Assembly began its three-day interpellation of the Yoon administration’s policies on Tuesday. The first day ended with sparring between rival party lawmakers. Our political correspondent Shin Ha-young has more. Marking the 22nd National Assembly’s first government question-and-answer session on Tuesday, political matters, as well as diplomacy and security, took center stage. Among the … Read more