South Africa has joined the global trend of lowering interest rates to combat the current economic slowdown. The move is an abrupt reversal for a country that has been raising interest rates for years to control inflation. The change signals that Af...
South Korean officials who usually work in North Korea have returned home as ties between the two cold war rivals worsen. Both sides are getting ready for a complete border closure the North has promised to enforce next week. VOA's Kurt Achin has mo...
South Africa's two most powerful leaders, the president and head of the ruling party, have warned the situation in Zimbabwe is dire and that urgent steps are needed to avoid a collapse in the country. VOA's Delia Robertson reports from Johannesburg,...
A two-day national convention convened by former leaders of the ruling African National Congress is under way in Johannesburg. VOA's Delia Robertson reports from the convention, it is likely to lead to a call for a formation of a new political party...
South Korea's chief diplomat says a diplomatic process aimed at getting rid of North Korea's nuclear weapons is at risk if Pyongyang continues on its current path. As VOA's Kurt Achin reports from Seoul, the North's moves to resume activity at its m...
South Korea's currency and stocks have taken a beating this week following the financial crumbling of another major US financial institution. For many Koreans, the crisis appears quite similar to what they experienced 11 years ago but this time, som...
North Korean leader Kim Jong Il is still nowhere to be seen, more than a week after South Korean intelligence officials revealed the belief he is recovering from a stroke. As VOA's Kurt Achin reports from Seoul, South Korean officials are trying to...
.S. and South Korean military officials confirm the two allied nations are planning a major military drill, expected to begin this week. The exercise focuses on a simulated marine landing and comes at a time when North Korea has sharpened its rhetor...
South Korea's currency, the won, fell to its lowest exchange value in 10 years against the dollar, this week. Panicked investors are taking shelter in the dollar, amid global financial uncertainties, driving its value up. Some of the immediate victi...
South Korea is among the nations taking part in this week's Asia-Europe summit in Beijing. Even as the country's president left for the Chinese capital, the latest set of plunging market numbers lit up trading screens in Seoul. As VOA's Kurt Achin r...