August 2, 2024

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Seoul shares crash to 2-month low on U.S. slowdown fears

Seoul shares tumbled by more than 3.5 percent on Friday as data fueled concerns over the U.S. economy despite the Federal Reserve’s rate-cut signals. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI…

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Baseball game canceled due to severe heat for 1st time

Severe heat caused the cancellation of a South Korean baseball game Friday.

The Korea Baseball Organization (KBO) said the regular-season game between the LG Twins and the Lotte Giants scheduled in the southeastern city of Ulsan was scrapped due to …

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National Assembly votes to impeach broadcasting watchdog chief

The opposition-led National Assembly voted Friday to impeach Korea Communications Commission (KCC) Chairperson Lee Jin-sook, just two days after she took office.

The impeachment motion passed in a 186-1 vote with one abstention and Lee’s duties were…

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Yoon to leave for summer vacation next week

President Yoon Suk Yeol will leave for a summer vacation next week, his office said Friday.

Yoon is scheduled to go on vacation starting next Monday, but the exact duration or itinerary have not been fixed and remain flexible, an official from the p…