Kai Guo BEIJING — The renminbi is back at the center of debates about global macroeconomic imbalances. With China’s merchandise trade surplus widening to $1.2 trillion in 2025, and with its manufacturing sector becoming increasingly dominant, the near-consensus among financial and economic commentators is that the renminbi is significantly undervalued. The implication is that China…
Industrial robotic arms automatically attach door trim to a vehicle at Hyundai Motor Group’s Uiwang Research and Development Center in Uiwang, south of Seoul, Oct. 14. Yonhap UIWANG, South Korea — Seeking to remain competitive against fast-growing Chinese automakers and find new sources of growth amid a sharp retreat in its share price, Hyundai Motor…
An image generated by ChatGPT Editor’s note This is the first in a three-part series examining how universities worldwide are adapting to the AI era and redefining their roles amid rapid technological change. Drawing on the experiences of leading global institutions and insights from international experts, the series explores what these changes mean for the…
A seven-year-old girl was among at least 19 people killed in a stampede during a Hindu festival in Kolkata, India. Heavy rain and a sudden crowd surge triggered the deadly crush, leaving another 25 people injured. Published On 18 Oct 202618 Oct 2026 Share At least 19 dead in stampede at Kolkata Hindu festival on…
Finance Minister Lee Hyoung-il, right, signs a letter of intent with IMF Managing Director Kristalina Georgieva, center, in Bangkok, Oct. 17. Courtesy of the Ministry of Finance and Economy BANGKOK — Finance Minister Lee Hyoung-il has stressed the need to address disparities to achieve sustainable growth during a meeting of the International Monetary and Financial…
With a month to go until midterm elections, Democrats find themselves in better shape than expected. Odds are, they’ll win the House and perhaps a slim majority in the Senate. Exactly what they’ll do with that power, though, remains a mystery. On the campaign trail, most of the party’s congressional candidates have been long on…
ATMs operated by major banks are seen at a location in Seoul, Oct. 7, as victims of recent personal data breaches in the banking sector move toward filing class-action lawsuits. Yonhap The number of voice phishing transactions confirmed as fraud after being flagged by monitoring systems at major commercial banks doubled last year from a…
Some of 16 survivors treated for suspected shark bites, US coastguard says. Published On 18 Oct 202618 Oct 2026 The search continues for 11 people still missing after a boat capsized off Mexico’s Baja California coast on Friday, as multiple survivors have been treated for suspected shark bites, according to the US coastguard. “Several of…
Finance Minister Lee Hyoung-il, right, poses for a photo with Marie Diron, global head of Moody’s Sovereign and Sub-Sovereign Risk Group, in Bangkok, Oct. 16. Courtesy of the Ministry of Finance and Economy BANGKOK — Finance Minister Lee Hyoung-il has stressed Korea’s economic growth is set to gain further momentum amid the chip supercycle during…
Empty taxis look for passengers near Hapjeong Station in Mapo District, Seoul, in this undated file photo. Korea Times photo by Na Gwang-hyeon The number of complaints submitted by foreigners on alleged taxi fare overcharges in Seoul over the past five years came to more than 6,000, but corrective measures have been taken on only…
