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U.S. Fed cuts key lending rate by quarter-percentage point

By Song Sang-hoWASHINGTON, Dec. 18 (Yonhap) -- The U.S. Federal Reserve on Wednesday lowered its benchmark interest rate by a quarter-percentage point.After the two-day Federal Open Market Committee (FOMC) meeting, the central bank announced the deci
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(URGENT) U.S. Fed cuts key lending rate by quarter-percentage point

(END)
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(LEAD) Former, incumbent military intelligence officers planned martial law operations over burgers: police

(ATTN: UPDATES with Noh's arrest in paras 5-7)SEOUL, Dec. 18 (Yonhap) -- Former and incumbent military intelligence officers discussed martial law operation plans while having burgers at a fast-food restaurant two days before the plans were execu
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(LEAD) Sports body, Olympic training center raided over alleged misconduct by Korean Olympic chief

(ATTN: UPDATES with more details in last 2 paras)SEOUL, Dec. 18 (Yonhap) -- Police on Wednesday raided the office of the Korean Sport & Olympic Committee (KSOC) and the national training center for Olympic athletes, as part of an investigation into a
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Acting President Han to hold extraordinary Cabinet meeting on Thursday

SEOUL, Dec. 18 (Yonhap) -- Acting President Han Duck-soo will convene an extraordinary Cabinet meeting on Thursday, which is expected to decide whether to veto contentious bills.The meeting is set to review the six bills passed by the main opposition
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11 areas designated as special disaster zones after last month's snowfall

SEOUL, Dec. 18 (Yonhap) -- The government on Wednesday designated 11 areas across the country that suffered serious damage from last month's snowfall as special disaster zones eligible for state support.Acting President Han Duck-soo made the desi
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Prosecutors seek arrest warrant for shaman on charges of illegally accepting political funds

SEOUL, Dec. 18 (Yonhap) -- Prosecutors on Wednesday filed for an arrest warrant for a shaman allegedly involved in President Yoon Suk Yeol's 2022 presidential campaign on charges of receiving illegal political funds, officials said.On Tuesday, pr
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Presidential Security Services block investigators' attempt to raid computer server

SEOUL, Dec. 18 (Yonhap) -- Presidential Security Services (PSS) has blocked a joint investigation team's attempt to raid a computer server related to President Yoon Suk Yeol's martial law declaration, citing the protection of confidential mil
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Former, incumbent military intelligence officers planned martial law operations over burgers: police

SEOUL, Dec. 18 (Yonhap) -- Former and incumbent military intelligence officers discussed martial law operation plans while having burgers at a fast-food restaurant two days before the plans were executed, police investigating the case have said. Reti
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Hanwha Systems wins 112 bln-won deal for K2 tank weapons system maintenance

SEOUL, Dec. 18 (Yonhap) -- Hanwha Systems Co. said Wednesday it has secured a 112.3 billion-won (US$78.2 million) contract from the South Korean arms procurement agency to provide maintenance support for the K2 tank weapons system.Under the deal with
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Leaders of ruling, main opposition parties discuss ways to ease political turmoil after Yoon impeachment

By Yi Wonju SEOUL, Dec. 18 (Yonhap) -- The acting leader of the ruling People Power Party (PPP) and the head of the main opposition Democratic Party (DP) met Wednesday and discussed ways to ease political turmoil, party officials said, in their first
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(LEAD) BOK chief highlights sluggish demand, martial law attempt as downside risks to growth

(ATTN: RECASTS headline, lead; ADDS more details in last 5 paras)SEOUL, Dec. 18 (Yonhap) -- South Korea's central bank chief said Wednesday that the economy is likely to grow at a slower-than-expected rate for the year due to a protracted slump i
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(LEAD) Yoon fails to appear before CIO for questioning over martial law

(ATTN: UPDATES with prosecution's case transfer to CIO)By Lee Haye-ahSEOUL, Dec. 18 (Yonhap) -- President Yoon Suk Yeol failed to appear before the Corruption Investigation Office for High-ranking Officials on Wednesday, defying a summons for que
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Main opposition asks acting president not to veto contentious bills

SEOUL, Dec. 18 (Yonhap) -- The main opposition Democratic Party (DP) on Wednesday urged Acting President Han Duck-soo not to veto six contentious bills passed by the opposition last month.The government plans to hold an extraordinary Cabinet meeting
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Main opposition unilaterally holds 1st meeting on parliamentary hearing for 3 Constitutional Court judge nominees

By Yi Wonju SEOUL, Dec. 18 (Yonhap) -- The main opposition Democratic Party (DP) held the first meeting of a special parliamentary committee Wednesday to discuss the matter of approving three nominees for the Constitutional Court, but the ruling Peop
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BOK chief sees lower than expected growth in 2024 on slackening domestic demand

SEOUL, Dec. 18 (Yonhap) -- South Korea's central bank chief said Wednesday that the economy is likely to grow at a slower-than-expected rate for the year due to a protracted slump in private spending."For the year, economic growth is highly
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(LEAD) Constitutional Court orders Yoon to submit martial law decree, Cabinet meeting minutes

(ATTN: UPDATES with more details)By Lee Haye-ahSEOUL, Dec. 18 (Yonhap) -- The Constitutional Court said Wednesday it has ordered President Yoon Suk Yeol to submit the martial law decree he issued on Dec. 3, as well as the minutes of two Cabinet meeti
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Prosecution transfers martial law case on Yoon to CIO

SEOUL, Dec. 18 (Yonhap) -- The prosecution has decided to transfer its martial law-related investigation into President Yoon Suk Yeol and former Interior Minister Lee Sang-min to the state anti-corruption investigation office, the Supreme Prosecutors
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Military intelligence commander formally arrested in martial law probe

SEOUL, Dec. 18 (Yonhap) -- The chief of the Defense Intelligence Command suspected of taking part in martial law operations has been formally arrested Wednesday, an anti-corruption investigation body probing the martial law decree said. Maj. Gen. Moo
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(LEAD) Parental leave declines for 1st time in 2023 amid falling marriages, childbirths

(ATTN: ADDS more info in paras 4-5)By Kim Han-jooSEOUL, Dec. 18 (Yonhap) -- The number of South Korean workers taking parental leave fell for the first time in 2023, reflecting a broader decline in marriages and childbirths, data showed Wednesday.A t