South Korea's unemployment rate jumped to a nine-year high in January as more people shunned low-paying work in the face of rising minimum wages, putting further pressure on the economy and deepening policy frustrations for President Moon Jae-in.
North Korean leader Kim Jong Un spoke highly of U.S. President Donald Trump, state media said on Thursday, and expressed satisfaction over the results of talks between officials from both countries about a second summit between Kim and Trump.
South Korea says it hopes North Korean leader Kim Jong Un's trip to China will act as a "stepping stone" for a second summit between Kim and President Donald Trump.
In his New Year address, North Korean leader Kim Jong Un said there would be faster progress on denuclearization if the United States takes corresponding action.
Kim's "letter-like" message to Trump was delivered on Friday through an unspecified channel, South Korea's Chosun Ilbo newspaper, citing an unnamed diplomatic source.
North Korea said it will never unilaterally give up its nuclear weapons unless the U.S. first removes what Pyongyang called a nuclear threat.
As the two Koreas make steady progress toward reconciliation, fears are mounting that peace efforts may overshadow the denuclearization of North Korea.
South Korean President Moon Jae-in has replaced chief presidential policy aide Jang Ha-sung and finance minister Kim Dong-yeon, the two most senior policymakers in charge, his office said on Friday.
The mainland China markets closed lower on the day despite the country's inflation data coming in line with expectations.
North Korea must take steps towards verified denuclearization before achieving the "shared goal" of an official end to the 1950-53 Korean War, a U.S. envoy said on Monday.
Pope Francis on Thursday received an invitation to visit North Korea and the pontiff indicated he would consider making what would be a landmark trip to a nation known for severe restrictions on religious practice, according to South Korean officials
North Korean leader Kim Jong Un has invited Pope Francis to visit Pyongyang in a gesture designed to highlight peace efforts on the Korean peninsula, South Korea's presidential office said on Tuesday.
Other than the North Korean leader's planned visit to Russia, Chinese leader Xi Jinping is also expected to travel to Pyongyang, said South Korea's president during a Cabinet meeting on Monday.
U.S. President Donald Trump will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year, according to a Monday announcement from the White House.
South Korean President Moon Jae-in and North Korean leader Kim Jong Un are scheduled to hold a third summit next week in Pyongyang.
South Korea's unemployment rate hit an eight-year high in August as mandatory minimum wages rose, adding to economic policy frustrations and political challenges for President Moon Jae-in.
North Korean leader Kim Jong Un said he wants to denuclearize the Korean peninsula during U.S. President Donald Trump's first term, Seoul officials said on Thursday.
The reunions will take place in the North's tourist resort on Mount Kumgang, as agreed by North Korean leader Kim Jong Un and South Korean President Moon Jae-in during their first summit in April.
Data on Friday showed the economy added a mere 5,000 jobs in July over a year earlier, the smallest annual gain since 10,000 jobs were lost in January 2010 in the depths of the global financial crisis.
South Korea said a total of 35,000 tons of North Korean coal and pig iron worth $5.8 million illegally entered its ports last year, in possible violations of UN sanctions.