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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

S. Korea's financial markets remain resilient against Bernanke shock

South Korea's financial markets have remained relatively resilient compared with other major emerging countries in the face of heightened volatility sparked by worries that the U.S. might scale back its economy stimulus efforts, the finance ministry said Sunday.The financial markets here, including stocks and foreign exchange rates, were rattled on Thursday and Friday after U.S. Fed Chairman Ben Bernanke made remarks that Washington could taper its bond-buying program that has kept its interest rates at record lows and helped buoy its economy.The volatility in Korea, however, had remained relatively small compared with other emerging countries such as Brazil, Russia and Mexico over the past couple of days and there was little capital flight out of its bond market, according to the ministry.On Wednesday just before Bernanke's remarks, the won traded at 1,130.8 against the U.S. dollar, but the exchange rates rose to 1,154.7 on Friday. The value of the Korean currency declined 2.07 percent against the greenback over the cited period.The pace of depreciation is still smaller than Brazil,

Jun 23, 2013

Goodwill Amb. for Indonesia

Actor Lee Beom-soo, far right, and his wife Lee Yoon-jin, second from left, pose with Indonesian Ambassador to Korea John A. Prasetio, far left, and his wife after being appointed as goodwill ambassador for the Southeast Asian country at the Indonesian Embassy in Seoul, Friday. The couple will participate in a variety of activities to promote Indonesian culture to celebrate the 40th anniversary of diplomatic ties between the two countries. / Korea Times photo by Park Si-soo 

Jun 21, 2013
Goodwill Amb. for Indonesia

Ecuadorian Foreign Minister Ricardo Patino

Ecuadorian Foreign Minister Ricardo Patino speaks during a press conference in Seoul, Friday, calling on the British government to grant “free passage” for WikiLeaks founder Julian Assange, who is currently taking refuge at the Ecuadorian Embassy in London. / Yonhap

Jun 21, 2013

Against ex-president

Against ex-president: A member of a civic group prepares to put up a banner at a protest against former President  Chun Doo-hwan, who failed to pay court-ordered fines dating back to 1996. The protest took place near Chun’s house in Yeonhui-dong, Seoul, Friday. Former presidents Chun and Roh Tae-woo have recently come under fire for not paying fines and the parliament is preparing to issue a bill designed to claw them back.  / Korea Times photo by Shim Hyun-chul

Jun 21, 2013

Chemical leak drills

Firefighters from Seoul Metropolitan Fire and Disaster Headquarters search for survivors during an exercise to deal with the leakage of toxic chemicals in Sangam, western Seoul, Thursday. Over 500 firefighters and policemen joined the drill./ Korea Times photo by Shim Hyun-chul

Jun 20, 2013

Punish NIS agents!

Kim Hyung-rae, fifth from left, head of the student council of Seoul National University, along with other students, hold a rally outside the Supreme Prosecutors’ Office in southern Seoul, Thursday, demanding punishment of agents of the National Intelligence Service for their alleged intervention in the Dec. 19 presidential election./ Yonhap

Jun 20, 2013

Promoting Korea

Members of the 5.4 Club, a non-profit cultural/tourism promotion body, pose after a meeting, Wednesday at the Raum event center in Yeoksam-dong, southern Seoul. Choi Jung-wha, third from left in front row, and Didier Beltoise, right in the front row, are co-founders of the club. From left in front row are Yun Yuh-soon, president of the LG Arts Center; Shim Jay-hyuk , vice chairman of Taekwang Industrial Company; Choi; Seo Yu-jin, president of Seoul Museum; Lee Hye-soon, president of Damyeon; and Beltoise. From left in the second row are Park Moo-jong, president-publisher of The Korea Times; Lucia Cho, president of Bicena; Choe Yong-won, chairman of Club Octagon; Lim Hyang-ok, professor of Hankuk University of Foreign Studies; Lim Jae-su, managing director of Almas Caviar; and Nils-Arne Schroeder, general manager of Conrad Seoul. From left in the third row are David-Pierre Jalicon, publisher of Coree Affaire; Kim Yong-kwan, president of Mast Entertainment; and Lee Jai-wook, an attorney at Yulchon. The members unveiled the club’s website and discussed ways to collaborate between

Jun 20, 2013

Future rivals

Rep. Kim Han-gil, left, chairman of the main opposition Democratic Party,and Rep. Ahn Cheol-soo, an independent lawmaker who earlier hinted atlaunching his own political party, shake hands during a symposium held at the National Assembly in Seoul held to commemorate the founding of Ahn’s policy think-tank “Naeil,” Wednesday./ Yonhap 

Jun 19, 2013
Future rivals

Statue of 'sex slave' in classroom

The statue of a sex-slave is put beside collegians during a lecture at Kwangwoon University in Seoul. Makers of the statue, which usually sits in front of the Japanese Embassy in Seoul, gave a lecture on its meaning. The statue was sculpted to condemn Japan for mobilizing Korean sex slaves during World War II. / Yonhap 

Jun 19, 2013
Statue of 'sex slave' in classroom

New aircraft

Korean Air Executive Vice President Cho Won-tae, right, poses with Boeing CEO Raymond Conner in Paris, Tuesday, after signing a memorandum of understanding for purchasing 11 aircraft from the American company. / Courtesy of Korean Air 

Jun 19, 2013
New aircraft
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