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☆ South Korea to speed up reforms for boosting shareholder returns and tackling 'Korea discount'
▼ + stars: | 2024-03-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

South Korea's financial regulator will look at speeding up the corporate reforms proposed last month and could reportedly add newer measures, after market players voiced concerns the steps might not be enough to tackle the so-called "Korea discount." The Financial Services Commission held a meeting on Thursday with domestic institutional investors and the country's pension fund, where vice chairman Kim So-young said the schedule for the reforms announced earlier would be speeded up, according to a Reuters report. "We will do our best to announce and implement before the previously planned schedule, as the market's expectations are high." In a statement issued after the meeting, the FSC said that establishing transparent markets, making capital market more accessible and pushing for shareholder returns to boost South Korea's undervalued stock markets. The regulator said it would also encourage institutional investors to "actively communicate with companies about the need to take voluntary measures to enhance valuations."

Persons: Kim So Organizations: Financial Services Commission, FSC Locations: Korea

"With this (decision) Yoon is trying to make sure there is policy continuity in place ahead of election," said Park Sang-hyun, an economist at HI Investment & Securities. "Choi has been long-time finance ministry person and he basically spearheaded major economics policies of the Yoon administration from the very beginning so its a safe choice." Choi has a bachelor's degree from the Seoul National University law school, where Yoon also studied around the same time. Choi's career in government service has been mostly at the finance ministry, overseeing economic policy making, financial market policies, and external business relations. Yoon doesn’t need parliamentary approval to appoint a new finance minister, who also serves as deputy prime minister.

Persons: Yoon Suk, Choi Sang, mok, Choi, Choo, Yoon, Yoon's, Yoon doesn’t, Soo, hyang Choi, Ed Davies Organizations: HI Investment, Securities, Gallup, Bank of, Seoul National University, Thomson Locations: SEOUL, Gallup Korea, Daegu

☆ North Korea says it will not negotiate sovereignty with 'double-faced' US
▼ + stars: | 2023-11-29 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

Kim Yo Jong, sister of North Korea's leader Kim Jong Un, arrives at the Vostochny Сosmodrome before a meeting of Russia's President Vladimir Putin with North Korea's leader Kim Jong Un, in the far eastern Amur region, Russia, September 13, 2023. Sputnik/Vladimir Smirnov/Pool via REUTERS Acquire Licensing RightsSEOUL, Nov 30 (Reuters) - North Korea said it will never negotiate its sovereignty with the United States, criticising Washington as "double-faced" for offering talks while ramping up military activities in the region, state media KCNA reported on Thursday. Ambassador Linda Thomas-Greenfield and North Korean Ambassador Kim Song, both arguing that their countries' military activities are defensive. Kim Yo Jong said Thomas-Greenfield highlighted efforts to reopen talks with North Korea even as she lacked "justifiable ground" for denying its sovereign right to space development. The U.S. and South Korea have condemned the satellite launch as a violation of U.N. Security Council resolutions banning North Korea's use of any ballistic technology.

Persons: Kim Yo Jong, North, Kim Jong Un, Vladimir Putin, Vladimir Smirnov, Washington, Linda Thomas, Kim Song, Thomas, Greenfield, Kim, KCNA, Carl Vinson, Yoon Suk, Hyonhee Shin, Ed Osmond, Josie Kao Organizations: Sputnik, REUTERS Acquire, Rights, . Security, North Korean, North, U.S, DPRK, Democratic People's, Kadena, White House, Pentagon, South, Falcon, Thomson Locations: Amur, Russia, Rights SEOUL, North Korea, United States, U.S, Greenfield, South Korea, DPRK, Democratic People's Republic of Korea, San Diego, Japan, Pyongyang, Korean, Guam, Italy, Seoul, Washington

☆ North Korea, US envoys engage in rare, public sparring match at UN
▼ + stars: | 2023-11-27 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. Formally known as the Democratic People's Republic of Korea (DPRK), North Korea has been under U.N. sanctions for its ballistic missile and nuclear programs since 2006. Denuclearization talks between North Korea, South Korea, China, the United States, Russia and Japan stalled in 2009. Kim said that until "the persistent military threat" was eliminated, North Korea would continue to strengthen its capabilities. China and Russia say joint military drills by the United States and South Korea provoke Pyongyang, while Washington accuses Beijing and Moscow of emboldening North Korea by shielding it from more sanctions.

Persons: Kim Hong, Pyongyang's, Linda Thomas, Kim Song, Kim, Thomas, Greenfield, Denuclearization, Kim Jong Un, Donald Trump, Michelle Nichols, Grant McCool, Sandra Maler Organizations: REUTERS, UNITED NATIONS, United Nations, North Korea sparred, Security, North Korean, DPRK, Democratic People's, United, North, . Security, U.S, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, United States, Greenfield, Democratic People's Republic of Korea, DPRK, Pyongyang, U.S, China, Russia, Japan, Korea, Britain, France, Washington, Beijing, Moscow, emboldening North Korea

Neither South Korea, the United States nor Japan, all of which are experiencing increasing military tensions with North Korea, could confirm the satellite had made it into orbit. But South Korea called the launch a “clear violation” of a UN Security Council resolution that prohibits North Korea from using ballistic missile technology. North Korean leader Kim Jong Un celebrates Tuesday night's satellite launch with workers in an image provided by state-run media. Japanese Defense Minister Hiroyuki Miyazawa said his country was still trying to determine whether North Korea’s satellite had reached orbit. In that meeting, Putin signaled a willingness to assist North Korea in developing its space and satellite program.

Persons: “, ”, Kim Jong Un, Fumio Kishida, Hiroyuki Miyazawa, KCNA, Kim Song, ” KCNA, Carl Schuster, Ankit, “ They’re, Leif, Eric Easley, Shin Won, sik, Vladimir Putin, Putin, Panda, “ Let’s Organizations: South Korea CNN, Korean Central News Agency, UN, Korean, Japan’s, US, Pyongyang’s, Japanese, Council, North Korean, North, Korea’s National Aerospace Development, Analysts, Pacific Command’s Joint Intelligence, Carnegie Endowment, International, Ewha University, Korea’s Defense Locations: Seoul, South Korea, North Korea, Korea, United States, Japan, Japan’s Okinawa, Japanese, Pyongyang, East China, KCNA . North Korea, Russian, Russia, Koreans

☆ Creative Lee delights South Korea coach Klinsmann
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Faced with a team featuring English Premier League standouts Son Heung-in and Hwang Hee-chan as well as Lee, Singapore kept 10 men behind the ball for much of the Asian qualifying Group C contest in Seoul. "When you play teams that play against you very defensively, you need creativity," Klinsmann told reporters, according to the Yonhap News Agency. Former Germany striker and coach Klinsmann was also impressed with the way Lee tracked back to help out his team defensively. "We coaches try to teach him that it always goes both ways, Luis Enrique at Paris Saint Germain does the same thing," the World Cup winner added. South Korea, looking to qualify for an 11th straight edition of the World Cup finals, take on China in Shenzhen in their second qualifier on Tuesday.

Persons: Korea's Lee Kang, Kim Soo, Juergen Klinsmann, Paris, Paris St Germain, Lee Kang, English Premier League standouts Son Heung, Hwang Hee, Klinsmann, Kang, Lee, Cho Gue, Hwang, Luis Enrique, Paris Saint Germain, Son, Nick Mulvenney Organizations: Soccer, AFC, REUTERS, Paris St, Singapore, English Premier League standouts, Asian, Yonhap News Agency, Paris Saint, Korean, South, Tottenham Hotspur, Thomson Locations: Republic of Korea, Singapore, Seoul, South Korea, Republic, Lee, Germany, China, Shenzhen

☆ South Korea will not take Singapore, China lightly, says Klinsmann
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

South Korean national soccer team's new head coach Juergen Klinsmann speaks upon his arrival at Incheon International Airport in Incheon, South Korea, March 8, 2023. After a rocky start to his tenure, Klinsmann has guided Korea to three straight wins in friendly matches and should make it five victories on the trot against 155th-ranked Singapore and number 79 China. "All the teams that fight for a spot in the World Cup will fight even harder now. We will be very serious in every World Cup qualifying game." South Korea, number 24 in the FIFA rankings, have won the Asian Cup twice, but the regional heavyweights have not lifted the trophy since 1960.

Persons: Juergen Klinsmann, Kim Soo, Juergen, Klinsmann, Pearl Josephine Nazare, Peter Rutherford Organizations: Korean, soccer team's, International Airport, REUTERS, Singapore, FIFA, Asian, Thomson Locations: Incheon, South Korea, Seoul, China, U.S, Canada, Mexico, Korea, Qatar, Bengaluru

☆ South Korea, U.S. mark alliance with rap song, fashion and beer
▼ + stars: | 2023-11-02 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

[1/3] A banner commemorating the 70th anniversary of the ROK-U.S. alliance hangs at the U.S. Embassy in Seoul, South Korea, October 24, 2023. The information campaign is intended to "heighten the public's understanding of the South Korea-US alliance", the culture ministry told Reuters. The South Korean embassy in the United States staged a fashion show last month marking the anniversary, with models in traditional Korean dresses featuring South Korean and U.S. flags. SOFT POWERSouth Korea's showcasing of its U.S. ties comes after rival North Korea has been making much of its relations with its old partner, Russia. Lee Gyu-tag, an associate professor of global affairs at George Mason University Korea, said South Korea was trying to tap into pop culture to bolster support for the alliance but it risked a backlash.

Persons: Kim Soo, Donald Trump, Yoon Suk Yeol, Joe Biden, Kim Jong Il, Vladimir Putin, Lee Gyu, Lee, Hyunsu Yim, Robert Birsel Organizations: ROK, U.S, Embassy, REUTERS, Rights, South, Reuters, Korean, . U.S, George Mason University Korea, Gallup, Thomson Locations: Seoul, South Korea, Rights SEOUL, North Korea, U.S, South Korean, United States, Korea, Russia, South, Ukraine, ., Gallup Korea

[1/3] People walk through a CCTV (closed-circuit television system) monitored alley in Itaewon, where the Halloween crowd crush occurred last year, in Seoul, South Korea, October 23, 2023. REUTERS/Kim Soo-hyeon/File Photo Acquire Licensing RightsSEOUL, Oct 28 (Reuters) - A year after 159 Halloween revellers were killed in a crowd crush in South Korea, the capital's night-life district of Itaewon was quiet on Saturday, the area's usual festivities replaced by mourning for those died. Lee Sung-min, who has lived and worked in the Seoul district for years, said he did not even realise it was the Halloween weekend until early Saturday. Many people were still looking for other places to join Halloween festivities, such as Hongdae, another popular spot among the young. "I thought Hongdae would be better than Itaewon to celebrate Halloween with my boyfriend," said Cheon Ye-ji, a 19-year-old student.

Persons: Kim Soo, Lee Sung, Lee, I've, Lee Jung, Cheon, Daewoung Kim, Jimin Jung, Soo, Choi, Helen Popper Our Organizations: REUTERS, Rights, Thomson Locations: Itaewon, Seoul, South Korea, Rights SEOUL

☆ One year after the deadly crowd crush in Seoul
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: 1 min

[5/19]Kim Young-nam, whose daughter died in the Halloween crowd crush a year ago, stands in front of the wall of memorial messages for the victims during an interview with Reuters at Seoul City Hall Plaza, October 24, 2023. "It hurts my heart. We need a thorough investigation and preventative measures so that young people are never sacrificed like this," Kim said. REUTERS/Kim Soo-hyeonSEOUL, South Korea

Persons: Kim Young, Kim, Kim Soo Organizations: Reuters, Seoul City Hall Plaza, REUTERS Locations: SEOUL, South Korea

[1/6] Park Young-soo, whose son died in the Halloween crowd crush a year ago, visits the memorial park where her son's ashes were buried in Pocheon, South Korea, October 24, 2023. She says she may not be able to move on with her life until she sees some kind of accountability from the government. Park is one of more than 100 family members who say the authorities have done little to hold those responsible to account. Relatives of the victims want a special law that would allow an independent and comprehensive investigation into the cause of the crush. "Nothing is reported to us nor communicated to us," said Nari Kim from Austria, who lost her younger brother in the crush.

Persons: Kim Soo, soo, Lee Nam, Lee, Yoon Suk, Lee Sang, Kim Young, Kim, Nari Kim, Jong, Woo Paik, Hyunsu Yim, Daewoung Kim, Heejung Jung, Jimin Jung, Josh Smith, Robert Birsel Organizations: REUTERS, Rights, Interior, National Assembly, Power Party, Korean Society, Thomson Locations: Pocheon, South Korea, Rights SEOUL, Itaewon, Hamilton, Seoul, North Korea, Seoul's, U.S, Japan, Iran, Austria, Korea

The 2-year Treasury yield, which is sensitive to expectations around where the Federal Reserve will set its own key borrowing rate, increased slightly to 5.129%. The 10-year Treasury yield was last up just over 9 basis points to 4.781%. The 30-year Treasury yield rose as high 4.874%, also the highest since 2007. The 10-year Treasury yield, which serves as a benchmark for mortgage rates and as an investor confidence barometer, on Tuesday surged to its highest level since 2007. "Now the Wild Bunch seems to have taken full control of the Treasury market; we're watching to see if the high-yield market is next," he added.

Persons: Michelle Bowman, Michael Barr, it's, Loretta Mester, Ed Yardeni, Yardeni Organizations: Treasury, Federal Reserve, Cleveland Fed Locations: U.S

U.S. Treasury yields climbed on Monday, with the 10-year yield hovering just below the latest 15-year high it hit last week, as investors assessed the outlook for interest rates and awaited fresh economic data. ET, the yield on the 10-year Treasury was up by more than 6 basis points at 4.633%. It had reached 4.688% on Thursday, its highest level since Oct. 15, 2007. The 2-year Treasury yield was trading at 5.104% after rising by nearly 6 basis points. Yields and prices move in opposite directions and one basis point equals 0.01%.

Organizations: Treasury

Prior to the trip, US officials warned that North Korea could provide Russia with weaponry to aid its stuttering invasion of Ukraine, and in return receive help with its own nuclear weapons and missile program. During the meeting, Putin accepted Kim’s invitation to visit North Korea, according to the Kremlin. It said Russia’s Foreign Minister Sergey Lavrov is also set also visit North Korea in October. Push for denuclearizationThe latest constitutional amendment follows a similar move last year at an SPA meeting, where North Korea passed a bill declaring the country a nuclear weapons state. North Korea’s last nuclear test, its sixth so far, took place in 2017 amid escalating threats from Pyongyang and Washington.

Persons: Kim Jong, Kim Jong Un, Kim, ” KCNA, Andrei Lankov, “ doesn’t, ” “, ” Lankov, “, Kim Song, Vladimir Putin, Putin, Sergey Lavrov, denuclearization –, Donald Trump, Kim –, Trump, North Korea –, David, ”, Joe Biden Organizations: South Korea CNN, Korean Central News Agency, North Korea’s, People’s Assembly, Kookmin University, North, United Nations, UN, Assembly, Trump Locations: Seoul, South Korea, Korea, United States, Japan, North, North Korea, Pyongyang, West, Moscow, Russia, Ukraine, Washington, Maryland, North Korean

It had never “recognized UNSC resolutions infringing on the rights of a sovereign state,” Kim said. Pyongyang’s second attempt to launch a spy satellite into orbit took place on Thursday, and failed due to a malfunction in the third-stage of the rocket. Its first attempt failed in May when the Chollima-1 satellite vehicle rocket crashed into the sea soon after liftoff. North Korea will try another launch in October, the state-run Korean Central News Agency (KCNA) reported. North Korea's UN ambassador Kim Song attends a UN Security Council meeting on Friday, August 25.

Persons: ”, Kim Song, ” Kim, Pyongyang’s, Kim Song’s, Linda Thomas, Greenfield, “ Organizations: CNN, UN Security Council, UN, East China, US National Security Council, DPRK, Korean Central News Agency, UN Security, Reuters Locations: North Korea, East, Japan, Okinawa, North, UN, Kim Song’s UN

ET, the 10-year Treasury yield was trading more than 3 basis points lower at 4.188%. The 2-year Treasury was down nearly 4 basis points at 4.916%. U.S. Treasury yields stumbled on Wednesday as investors looked ahead to the release of the Federal Reserve's latest meeting minutes and assessed the outlook for interest rates. The Fed has hiked rates at all but one of its meetings since March 2022, a total of 11 times. Three central bank meetings remain this year and investors will be scanning the meeting minutes for fresh clues about what policy decisions could be made by the Fed then.

Organizations: Treasury, U.S, Fed

ET, the yield on the 10-year Treasury was more than 5 basis points higher at 4.235%. U.S. Treasury yields rose on Tuesday as investors awaited economic data and reports that could provide fresh insights into the state of the economy and the outlook for interest rates. Investors looked ahead to economic data and reports slated for the week. Import and export price data is also due Tuesday and Minneapolis Federal Reserve President Neel Kashkari is scheduled to make remarks. Following the Fed's July meeting, central bank chief Jerome Powell said a range of options were still on the table and interest rate decisions would depend on economic data.

Persons: Neel Kashkari, Jerome Powell Organizations: Treasury, U.S, Minneapolis Federal

☆ How the World Scout Jamboree descended into chaos in South Korea
▼ + stars: | 2023-08-09 | by ( Ju-Min Park | ) www.reuters.com time to read: +5 min

These were some of the conditions that about 40,000 teenage scouts had to contend with in the past week at the World Scout Jamboree, sending red-faced organisers in South Korea scrambling to fix matters before a looming typhoon forced everyone to leave the ill-fated campsite. As far back as 2017, when South Korea won the bid to host the jamboree, the campsite on reclaimed mud flats was seen as potentially problematic, according to a Reuters review of publicly available government reports. Matt Hyde, UK Scouts' chief executive, told Reuters the group decided to withdraw its contingent - the event's biggest - because toilets weren't being cleaned, rubbish was building up, and scouts weren't getting enough food. [1/5]Participants who left the camping site of the 25th World Scout Jamboree, arrive at a university in Incheon, South Korea, August 8, 2023. "South Korea has been known as a developed country so who would have thought that this country can't fix issues like bugs or toilets?"

Persons: Matt Hyde, weren't, Kim Soo, Kim Hyun, Hong Ki Yong, Josh Smith, Miral Organizations: South, FIFA, South Korea, Saemangeum Development, Investment Agency, Scouts, Reuters, REUTERS, WHO, University of Incheon, Thomson Locations: SEOUL, South Korea, West Virginia, North Jeolla, Incheon, Korea's, Busan, Korea

☆ Permanent Mission of North Korea to U.N. defends Pyongyang's nuclear weapons as sovereign right
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Segar/File PhotoSEOUL, Aug 5 (Reuters) - The Permanent Mission of North Korea to the United Nations has criticized the U.S. for having nuclear weapons and urged it to stop "sharing nuclear" or "beefing up extended deterrence," state media KCNA reported on Saturday. While criticizing the U.S. over the AUKUS alliance and the Nuclear Consultative Group with South Korea, Pyongyang defended its nuclear weapons as an "exercise of sovereignty." DPRK is short for the North's official name, the Democratic People's Republic of Korea. "Its nuclear force will never be a threat to those countries respecting its sovereignty and security interests," the permanent mission said. Reporting by Hyunsu Yim; Editing by Leslie Adler and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: United Nations Kim Song, Mike Segar, Hyunsu Yim, Leslie Adler, Sandra Maler Organizations: United Nations, General Assembly, . Security, REUTERS, Nuclear, South, NPT, DPRK, UN Office, Democratic People's, Thomson Locations: China, Russia, North Korea, U.N, New York City , New York, U.S, SEOUL, South Korea, Pyongyang, DPRK, Vienna, Democratic People's Republic of Korea

Seoul, South Korea CNN —North Korea’s “firm support” for Russia’s war in Ukraine emboldens the two countries’ determination to cope with Western nations, Russian President Vladimir Putin said in a speech to North Korean officials on Thursday, according to a report in North Korean state media. The 1950-1953 Korean War was one of the first international conflicts of the Cold War era. North Korean leader Kim Jong Un meets with Russia's Defence Minister Sergei Shoigu in Pyongyang, North Korea, on July 28, 2023. A missile displayed during a military parade to commemorate the 70th anniversary of the Korean War armistice in Pyongyang, on July 27, 2023. KCNA/ReutersAs the parade went on below, North Korea flew versions of a new “strategic reconnaissance drone and the multi-purpose attack drone” overhead, according to KCNA.

Persons: ”, Vladimir Putin, Putin, ” Putin, “, ” KCNA, Kim Jong Un, Sergei Shoigu, Kim Il, Kang Sun Nam, KCNA, Li Hongzhong, Kim Jong, Kim, Shoigu, Kim Song Nam, North Korea “, Leif, Eric Easley, Easley Organizations: South Korea CNN, Ukraine emboldens, “, Korean Central News Agency, North Korean, Russia's, KCNA, Reuters, Analysts, North Korean Defense, North Korean Army Forces, Russian, Communist Party Politburo, North, Chinese Communist Party, Reuters Analysts, Ewha Womans University Locations: Seoul, South Korea, Ukraine, Western, Russian, North Korean, Korea, Russia, “ Solidarity, North Korea, Pyongyang, United States, KCNA, China, Beijing

North Korean leader Kim Jong Un meets with Russian Defense Minister Sergei Shoigu and his delegation, North Korean state media KCNA reported on July 26, 2023. Meanwhile, Moscow over the decades has been a staunch ally for North Korea, especially as the two share a joint animosity toward the West. US officials said last year that North Korea was selling millions of rockets and artillery shells to Russia for use on the battlefield in Ukraine. North Korea typically marks key moments in its history with displays of its newest weaponry. One such weapon that may be on display is the Hwasong-18 ICBM, a solid-fueled, nuclear-capable missile that North Korea claims could hit anywhere in the United States.

Persons: Kim Jong Un, Sergei Shoigu –, Kang Sun Nam, Shoigu, Li Hongzhong, Kim Song Nam, North Korea “, ” Ankit Panda, Stanton, ” Panda, Blake Herzinger, “ It’s, ” Herzinger, Sergei Shoigu, Pyongyang’s, Camp Humphreys, Xi Jinping, Panda, Vladimir Putin, Xi, Putin, Wagner Organizations: South Korea CNN —, Russian, North Korean Defense, Korean Central News Agency, Korean People’s Army, North Korean, Nuclear, Carnegie Endowment, International Peace, United States Studies Center, Russian Defense, United Nations Command, Beijing, Aid, UN Command, Army, US, Chinese Communist Party, UN Security Council, Foreign Ministry, US Navy Locations: Seoul, South Korea, Russia, China, North, Pyongyang, Ukraine, North Korea, Moscow, Australia, North Korean, United States, Aid Korea, Soviet Union, Pyeongtaek, Beijing, Soviet, Russian, Iran, Korea, Moscow’s, Japan

[1/3] Foreign tourists participating in DMZ tour walk past a military fence near the demilitarized zone separating the two Koreas, in Paju, South Korea July 19, 2023. REUTERS/Kim Hong-JiPAJU, South Korea, July 19 (Reuters) - Only hours after U.S. Most infamously, axe-wielding North Korean soldiers in the DMZ in 1976 murdered two U.S. soldiers who were cutting down a tree to secure a clear view. In 2017, a North Korean soldier was riddled with bullets by his comrades, but ultimately survived as he made a dash into the South. He must have done it not knowing exactly what North Korea is like," Lee told Reuters at the observation point.

Persons: Kim Hong, Ji PAJU, Travis T, King, Felicia, Lee Sang, Lee, Soo, hyang Choi, Gyun Kim, Hongji Kim, Ed Davies, Sharon Singleton Organizations: REUTERS, Joint Security Area, South Korean, United Nations Command, UNC, ITC, North, American, Reuters, Thomson Locations: Paju, South Korea, North Korea, Korea, U.S, North Korean, Seoul, Minwoo

SEOUL/CHEONGJU, South Korea, July 16 (Reuters) - The bodies of eight people trapped in a tunnel flooded by heavy rain in central South Korea were retrieved on Sunday, authorities said, with the death toll from days of torrential downpours that have pounded the country rising to 37. Kong Seong-pyo, a 60-year-old Cheongju resident who frequently uses the underpass, said the government should have restricted access to the tunnel when flooding was expected. The Ministry of Interior and Safety said nine people were missing across the country as of 6 p.m. (0900 GMT) as heavy downpours caused landslides and floods, with evacuation orders covering 8,852 people. [1/9]Rescue workers are seen near a recovered electric bus during a search and rescue operation near an underpass that has been submerged by a flooded river caused by torrential rain in Cheongju, South Korea, July 16, 2023. While South Korea often experiences heavy rains in summer, it has witnessed a sharp increase in torrential rains in recent years.

Persons: Seo Jeong, Seo, Kong, Kim Hong, Yoon Suk Yeol, Yoon, Han Duck, Gyun Kim, Daewoung Kim, Hongji Kim, Cheongju, hyang Choi, Diane Craft, Michael Perry, Jamie Freed, Alexandra Hudson Organizations: MBC, Reuters, The, of Interior, Safety, REUTERS, Korea Meteorological Administration, Korea Railroad Corp, Alexandra Hudson Our, Thomson Locations: SEOUL, CHEONGJU, South Korea, Cheongju, Seoul, Gangnam, Chungcheong

☆ Back to square one for Jabeur as she looks to past champions for inspiration
▼ + stars: | 2023-07-15 | by ( Pritha Sarkar | ) www.reuters.com time to read: +3 min

After all the hard work she put in to beat six rivals, including four Grand Slam champions, Jabeur had stood on the cusp of becoming the first Arab and first African woman to win a Grand Slam title. Luckily four-time major winner Kim Clijsters, who had lost her first four Grand Slam finals, was waiting in the wings to hug the distraught 28-year-old and offer her hope that her time will come. "We were crying together at the locker room," Jabeur told reporters. "Definitely this match, last year's match, the final of the U.S. Open, will teach me how to win these finals. Hopefully I will be like the others that failed a couple of times to do it and it (the win) will come after.

Persons: Wales, Jabeur, Marketa Vondrousova, Swiatek, Kim Clijsters, Kim, She's, Chris Evert, Simona Halep, Evert, Halep, it's, Pritha Sarkar, Clare Fallon Organizations: U.S, Wimbledon, U.S ., Thomson Locations: Tunisian

☆ In rare UN appearance, North Korea defends missile launch
▼ + stars: | 2023-07-13 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

[1/3] Hwasong-18 intercontinental ballistic missile is launched from an undisclosed location in North Korea in this image released by North Korea's Korean Central News Agency on July 13, 2023. The 15-member Security Council met after North Korea said it tested on Wednesday its latest Hwasong-18 ICBM, adding the weapon is the core of its nuclear strike force. "We categorically reject and condemn the convening of the Security Council briefing by the United States and its followers," North Korea's U.N. North Korea last spoke at a council meeting on its nuclear and ballistic missile programs in December 2017, diplomats said. North Korea - formally known as the Democratic People's Republic of Korea (DPRK) - has been under U.N. sanctions for its missile and nuclear programs since 2006.

Persons: Kim Song, Jeffrey DeLaurentis, NATO DeLaurentis, Washington, China's U.N, Zhang Jun, Zhang, Michelle Nichols, Mark Porter, Deepa Babington Organizations: North, Korean Central News Agency, KCNA, REUTERS UNITED NATIONS, Security, Democratic People's, U.S, United Nations, NATO, DPRK, Thomson Locations: North Korea, United States, U.N, Korea, Democratic People's Republic of Korea, DPRK, Pyongyang, Russia, China, Britain, France, South Korea, Washington, Beijing, Moscow, emboldening North Korea, CHINA, U.S, NATO, China's

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