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.
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 — Red-faced investigators on Friday said they wrongly identified a Chinese Internet Protocol address as the source for a coordinated cyberattack on six major South Korean companies this week.