<![CDATA[News - English [KBS WORLD Radio]]]> 15 en <![CDATA[Gov’t Says Domestic Demand Shows Signs of Recovery]]> The government has assessed for the second straight month in June that domestic demand is showing signs of recovery.  The finance ministry presented the assessment in its monthly Green Book economic assessment report released on Friday.  The ministry said that amid a slowdown in the growth of prices, ...

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KBS WORLD Radio Fri, 14 Jun 2024 10:59:08 +0900 Economy
<![CDATA[N. Korea Appears to be Making Preparations to Welcome Putin ]]> North Korea appears to have installed a red object in front of its Paekhwawon State Guest House in Pyongyang amid reports that Russian President Vladimir Putin may visit North Korea in a few days.  The Voice of America(VOA) reported on Friday that a red object which was not there before was observed in ...

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KBS WORLD Radio Fri, 14 Jun 2024 10:19:36 +0900 Inter-Korea
<![CDATA[Export, Import Prices Both Fall in May]]> The country’s export and import prices both dropped in May for the first time in five months due to the Korean won’s appreciation against the U.S. dollar and a fall in global oil prices.  According to data released by the Bank of Korea(BOK) on Friday, the country's export price index marked ...

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KBS WORLD Radio Fri, 14 Jun 2024 10:10:48 +0900 Economy
<![CDATA[Beyond Parallel: Surge in Activities at Sinpo Suggests Possible SLBM Test Preparations]]> A U.S. think tank has observed a surge in submarine-related activities at North Korea’s Sinpo shipyard, saying that the North may carry out submarine-launched ballistic missile(SLBM) tests this summer.  Citing satellite imagery, the Beyond Parallel website run by the Center for Strategic and ...

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KBS WORLD Radio Fri, 14 Jun 2024 09:56:24 +0900 Inter-Korea
<![CDATA[French, Irish Beef Likely to Hit S. Korean Market Soon]]> French and Irish beef is expected to hit the South Korean market soon following the completion of South Korea’s approval of beef imports from the two European nations.  In a press release on Thursday, the European Commission(EC) announced Seoul’s removal of trade barriers for French and Irish beef, ...

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KBS WORLD Radio Fri, 14 Jun 2024 09:34:52 +0900 International
<![CDATA[Yoon Vows Support for Exchanges between S. Korean, Uzbek Startups ]]> President Yoon Suk Yeol has vowed to provide the government’s full support to promote cooperation and exchanges between young talents and startups in South Korea and Uzbekistan. The president made the pledge on Thursday in a dialogue with young entrepreneurs at the U-ENTER Entrepreneurship Innovation ...

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KBS WORLD Radio Fri, 14 Jun 2024 09:07:37 +0900 Politics
<![CDATA[Kremlin: Potential for Development of Russia-N. Korea Relations 'Very Deep']]> The Kremlin reportedly said on Thursday that the potential for the development of Russia’s relations with North Korea is “very deep.” According to Russian state news agency Sputnik, Kremlin spokesperson Dmitry Peskov made the statement to reporters when asked if the West should be concerned about ...

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KBS WORLD Radio Fri, 14 Jun 2024 08:49:23 +0900 Inter-Korea
<![CDATA[Coupang Fined 140 Bln. Won for Manipulating Search Algorithms to Boost Sales of PB]]> The Fair Trade Commission(FTC) has fined Coupang 140 billion won for manipulating search engine algorithms for greater exposure of its own brand products to boost sales. That’s around 102 million U.S. dollars.  The country’s antitrust regulator also on Thursday unveiled plans to file a complaint ...

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KBS WORLD Radio Thu, 13 Jun 2024 19:08:33 +0900 Economy
<![CDATA[Pres. Yoon Meets Kazakh PM, Flies to Uzbekistan for Last Leg of Trip]]> President Yoon Suk Yeol met with Kazakhstan’s Prime Minister Oljas Bektenov on Thursday and expressed hope that the memorandum of understanding that their countries adopted on cooperation on key minerals will yield substantial results.  Yoon made the remarks after stressing that the agreement to build a ...

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KBS WORLD Radio Thu, 13 Jun 2024 18:13:06 +0900 Politics
<![CDATA[Gov't to Resume Short Selling from March 31, 2025]]> The government plans to resume short selling from March 31 of next year after a centralized monitoring system to detect illegal short selling is established.  Financial Services Commission(FSC) Vice Chairman Kim So-young unveiled the plan on Thursday during a briefing at the Government Complex ...

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KBS WORLD Radio Thu, 13 Jun 2024 18:09:21 +0900 Economy
<![CDATA[KMA Says Will Reconsider Walkout Plan If Gov't Makes Progressive Change in Stance on Medical Reform]]> The Korean Medical Association(KMA) says it will reconsider its plan to stage a one-day walkout next Tuesday if the government makes a progressive change in its stance on medical reform by this weekend.  The association made the announcement in a briefing on Thursday after holding a joint meeting with the ...

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KBS WORLD Radio Thu, 13 Jun 2024 17:43:58 +0900 Domestic
<![CDATA[Finance Minister Calls for 'External Safety Net' against Uncertainty over Global Interest Rates]]> Finance Minister Choi Sang-mok on Thursday called on government agencies to focus on alleviating external volatility and stabilizing financial markets and the real economy. The finance minister who's accompanying President Yoon Suk Yeol on his three-nation Central Asian tour this week, made the remarks ...

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KBS WORLD Radio Thu, 13 Jun 2024 17:06:32 +0900 Economy
<![CDATA[SNU Professors to Meet with National Assembly's Health and Welfare Committee]]> The government and the National Assembly are set to meet with Seoul National University's(SNU) medical professors following their announcement of plans to indefinitely suspend medical services next Monday. According to the medical community and the National Assembly on Thursday, lawmakers from the National ...

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KBS WORLD Radio Thu, 13 Jun 2024 16:45:38 +0900 Politics
<![CDATA[DP to Push Enactment of Bills, Incl. President-Vetoed Special Probe Bill against First Lady, Broadcasting Bills]]> The main opposition Democratic Party(DP) has decided to push to enact dozens of bills, including parliament-passed bills that were vetoed by President Yoon Suk Yeol during the previous 21st National Assembly. Among the 22 bills and the resolution selected as part of the party’s platform on Thursday ...

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KBS WORLD Radio Thu, 13 Jun 2024 16:44:38 +0900 Politics
<![CDATA[Gov't Says N. Korea-Russia Cooperation Must Comply with UNSC Resolutions]]> Amid speculation that Russian President Vladimir Putin will be visiting North Korea next week, the government stressed that any exchanges and cooperation between Pyongyang and Moscow must comply with United Nations Security Council(UNSC) resolutions. According to foreign ministry spokesperson Lim Soo-suk on ...

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KBS WORLD Radio Thu, 13 Jun 2024 16:20:46 +0900 Politics
<![CDATA[Putin's NK Trip Likely Response to NK Leader's Will to Highlight Bilateral Ties]]> Russian President Vladimir Putin's expected visit to North Korea next week is likely a response to North Korean leader Kim Jong-un's expressed will to remind the international community of Moscow’s strong ties with Pyongyang. Putin's trip to the North, which would be his first visit in 24 ...

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KBS WORLD Radio Thu, 13 Jun 2024 16:07:07 +0900 International
<![CDATA[KOSPI Ends Thursday Up 0.98%]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose 26-point-72 points, or zero-point-98 percent on Thursday to close at two-thousand-754-point-89. The tech-heavy KOSDAQ climbed zero-point-66 points, or zero-point-08 percent, to close at 871-point-33. On the foreign exchange, the local currency ...

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KBS WORLD Radio Thu, 13 Jun 2024 15:47:10 +0900 Economy
<![CDATA[Gov't Vows Stern Measures against Med Professors' Planned Service Suspension]]> Anchor: As more major hospitals warn they will indefinitely suspend services in protest of the government’s medical reform plans, the administration lashed back on Thursday, saying such action would be construed as illegal, and those taking part would have to face consequences.  Our Koo Heejin has ...

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KBS WORLD Radio Thu, 13 Jun 2024 15:45:56 +0900 Politics
<![CDATA[N. Korea Urged to Flip Isolationist Mindset and Stop Human Rights Abuses ]]> Anchor: The UN Security Council(UNSC) held a meeting to discuss human rights abuses in North Korea. Presided over by South Korea’s Ambassador to the UN Hwang Joon-kook, this month’s rotating UNSC president, participants at the meeting sought ways to improve the human rights situation in the North while ...

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KBS WORLD Radio Thu, 13 Jun 2024 15:38:07 +0900 International
<![CDATA[Government Vows Thorough Preparedness regarding Possibility of Large-Scale Aftershock ]]> The government said Thursday that a large-scale aftershock is likely to occur within a week following the magnitude four-point-eight earthquake that struck Buan County in North Jeolla Province on Wednesday. Yi Han-kyung, the chief of the disaster management office at the Ministry of the Interior and ...

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KBS WORLD Radio Thu, 13 Jun 2024 15:22:11 +0900 Politics
<![CDATA[Nuclear Safety Agency Conducts Post-Quake Inspection of Nuclear Plants, Facilities]]> The state nuclear safety agency inspected nuclear power plants and related facilities in preparation for aftershocks from a four-point-eight-magnitude earthquake in the North Jeolla county of Buan on Wednesday. The Nuclear Safety and Security Commission held a meeting on Thursday focused on the safety of ...

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KBS WORLD Radio Thu, 13 Jun 2024 15:12:05 +0900 Politics
<![CDATA[Damage to over 270 Facilities Reported after Wed.'s Earthquake in Buan]]> There have been reported damage to more than 270 facilities from Wednesday's four-point-eight-magnitude earthquake in Buan, North Jeolla Province. According to the interior ministry, as of 2 p.m. Thursday, 277 reports of quake damage have been received, with no reported casualties. Most of the ...

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KBS WORLD Radio Thu, 13 Jun 2024 14:42:19 +0900 Politics
<![CDATA[S. Korea's Managed Fiscal Balance Posts Deficit of over 64 Tln Won for Jan. to April Period ]]> The managed fiscal balance, a key gauge of the nation's fiscal health, posted a deficit of more than 64 trillion won, or around 47 billion U.S. dollars, during the first four months of the year. According to data from the finance ministry on Thursday, total revenue between January and April stood at ...

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KBS WORLD Radio Thu, 13 Jun 2024 14:40:00 +0900 Economy
<![CDATA[Yoon to Enhance Reciprocal, Future-Oriented Cooperation with Uzbekistan]]> President Yoon Suk Yeol, who is on a tour of Central Asia, said he plans to enhance the nation’s reciprocal and future-oriented cooperation with Uzbekistan, South Korea's key partner and "brother nation," during his upcoming state visit. In an interview with Uzbekistan's state-run news agency prior to his ...

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KBS WORLD Radio Thu, 13 Jun 2024 13:47:02 +0900 Politics
<![CDATA[S. Korea Set to Chair Governing Body of ILO's Secretariat for 1st Time in 21 Yrs.]]> South Korea is set to chair the governing body of the International Labor Organization's(ILO) secretariat for the first time in 21 years. Labor minister Lee Jung-sik, attending the 112th session of the International Labor Conference in Geneva, said on Tuesday that the country has been named the sole ...

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KBS WORLD Radio Thu, 13 Jun 2024 13:23:31 +0900 Politics
<![CDATA[Plenary Session Unlikely to Be Held Thurs. amid Partisan Standoff over Committee Chairs]]> A parliamentary plenary session scheduled for Thursday is unlikely to be held amid a partisan standoff over the opposition's unilateral election of key standing committee chairs. Main opposition Democratic Party(DP) floor spokesperson Noh Jong-myun said National Assembly Speaker Woo Won-shik is ...

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KBS WORLD Radio Thu, 13 Jun 2024 12:53:30 +0900 Politics
<![CDATA[UNC Investigates N. Korean Border Incursion, S. Korean Loudspeaker Broadcasts]]> The United Nations Command(UNC) said on Thursday that it is investigating a series of incidents that occurred recently in the inter-Korean border area including a border incursion by North Korean soldiers and South Korea’s anti-Pyongyang broadcasts via loudspeakers.  The UNC, which monitors compliance ...

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KBS WORLD Radio Thu, 13 Jun 2024 11:22:35 +0900 Inter-Korea
<![CDATA[Doctors at 'Big Five' Hospitals to Join KMA 1-Day Walkout ]]> Doctors at the so-called “Big Five” hospitals in the capital region plan to join the one-day strike on Tuesday planned by the Korea Medical Association(KMA), with medical professors at two of the hospitals deciding to hold an indefinite suspension of services.  The emergency committee of medical ...

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KBS WORLD Radio Thu, 13 Jun 2024 11:03:33 +0900 Domestic
<![CDATA[Gov't Vows to Sternly Deal with Doctors Participating in Illegal Activities]]> The government has vowed to sternly deal with doctors participating in illegal activities and has pledged to maintain emergency medical care services as doctors are set to stage a collective walkout next week. Vice Minister for Disaster and Safety Management Yi Han-kyung made the pledge on Thursday during ...

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KBS WORLD Radio Thu, 13 Jun 2024 10:36:50 +0900 Politics
<![CDATA[Campbell: US 'Vigilant' about N. Korea's Potential Steps Beyond Trash Balloon Launches]]> U.S. Deputy Secretary of State Kurt Campbell said that the United States is “always vigilant” about potential steps North Korea could take against South Korea that go beyond the launch of trash-carrying balloons. Campbell made the remarks on Wednesday during a forum hosted by the Washington-based ...

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KBS WORLD Radio Thu, 13 Jun 2024 09:58:51 +0900 International