DAEJEON, South Korea — Pope Francis arrived in Seoul on Thursday and issued a plea for peace and unity on the war-divided peninsula. North Korea fired three projectiles into the sea just before he landed and another two soon after.
But the country now says that the timing was just a coincidence.
On Friday, North Korean media quoted a rocket researcher as dismissing the idea that the tests had anything to do with the pope, and said the launches were conducted on the 69th anniversary of Korea’s independence from Japan.
SEOUL, South Korea — Seoul said Friday that it has decided to withdraw the roughly 175 South Koreans still at a jointly run factory complex in North Korea, raising a major question about the survival of the last symbol of inter-Korean co-operation.
The statement by the country’s minister in charge of inter-Korean relations came after North Korea rejected Seoul’s demand for talks on the factory park that has been closed nearly a month.
SEOUL, South Korea — North Korean leader Kim Jong Un warned Friday that his rocket forces were ready “to settle accounts with the U.S.,” unleashing a new round of bellicose rhetoric after U.S. nuclear-capable B-2 bombers dropped dummy munitions in joint military drills with South Korea.
South Korea's central bank Friday unexpectedly raised the key interest rate from a record low in a bid to restrain inflation as Asia's fourth largest economy posts a solid recovery.Contrary to widespread predictions, Bank of Korea governor Kim Choong-Soo and other policymakers increased the benchmark seven-day repo rate for July from 2 percent to 2.25 percent -- the first rise since August 2008.As the global financial crisis hit, the central bank cut rates by a total of 325 basis points between October 2008 and February 2009.