1.Two people died and 12 others remain missing after a fishing boat sank off the southern island of Jeju on Friday. The Coast Guard said a search is underway, and that the 12 missing are 10 South Koreans and two Indonesians.

2.The U.S. Federal Reserve on Thursday lowered its benchmark interest rate by a quarter-percentage point to the 4.50 to 4.75 percent range, marking the second consecutive reduction following a jumbo 50-basis-point cut in September.

3.The Associated Press reported Thursday that Korean American congresswoman Young Kim has won a third term in the U.S. House of Representatives in Tuesday’s general elections, serving California’s 40th District.