Daewoo Engineering & Construction Co., a major construction firm, said Thursday that it swung to the red last year from a year earlier as it put aside reserves against potential losses related to overseas projects.Net loss reached 794 billion won (US$692 million) last year, compared with a profit of
Acting President and Prime Minister Hwang Kyo-ahn on Thursday ordered quarantine authorities to finish vaccinating all cows this week, amid the spread of foot-and-mouth disease reported in the country earlier this week.Hwang made the remarks a day after another infection was confirmed in Yeoncheon,
Acting President and Prime Minister Hwang Kyo-ahn on Wednesday called for "swift and bold" quarantine and sterilization efforts to contain the outbreak of foot-and-mouth disease that hit the country this week.During a daily meeting of government officials and experts on the disease and avian influ
The chief of South Korea's central bank said Wednesday that the government should cooperate with private companies to address challenges in global trade markets."Coming up with measures to ride out deteriorating trade environments should be the government's top priority," BOK Governor Lee
North Korea is exercising restraint from nuclear and missile tests to avoid galvanizing conservatives in South Korea ahead of a presidential election, and is certain to resume provocations once the leadership crisis in the South is resolved, a top U.S. expert on Korea said Tuesday.The assessment fro
Special prosecutors on Monday questioned the head of a renowned local hospital, who formally served as President Park Geun-hye's doctor, over his alleged involvement in an influence-peddling scandal rocking the country.Suh Chang-suk, CEO of Seoul National University Hospital, is suspected of giv
President Park Geun-hye is expected to undergo face-to-face questioning over a string of corruption allegations later this week possibly at the presidential office Cheong Wa Dae, her aide said Monday.The aide said that though Park's legal representatives and the independent counsel team are stil
The chief of the U.S. Pacific Command said last month that the Navy's newest Zumwalt destroyer could be deployed near South Korea to deter North Korean aggression, the defense ministry said Monday.In a meeting with South Korean lawmakers last month in Hawaii, Adm. Harry B. Harris, Jr., commander
Ahn Cheol-soo, a potential presidential contender of the liberal People's Party, unveiled a series of reform programs to promote technological innovation and restore trust in politics on Monday.In his address to the National Assembly as a party representative, he expounded on policy proposals to
The special counsel investigating an influence-peddling scandal centered on impeached President Park Geun-hye is seeking to interrogate her face-to-face this week. It will be the first-ever prosecution inquiry of a sitting South Korean president if it is carried out as planned, officials said Sunday
So, who is the front runner in the Presidential race this morning?The latest survey conducted by a leading Korean-language daily, Dong-A Ilbo, published this morning, the front runner, invariably, is Moon Jae-in, former chairman of the main opposition Minjoo Party. Here is the tally: Moon Jae-in: 28
Chances are low that the ballistic missile recently test-fired by Iran could have been North Korea's Musudan intermediate range ballistic missile, a defense expert said.Iran launched the missile on Jan. 29, which flew about 1,000 kilometers. Media reports have since surfaced suggesting that the
North Korea is expected to watch closely how the administration of U.S. President Donald Trump responds to Iran's missile launch and what policy the new administration puts together on Pyongyang before it carries out its threatened missile test, a U.S. expert said Sunday. "It has been m
North Korean leader Kim Jong-un's recent sacking of the chief of the country's spy agency is likely to aggravate the sense of instability among the North Korean elite class, a report by the state-run Institute for National Security said Sunday. South Korea's Ministry of Unification said
North Korea's black economy, which is believed to have grown as a market force in recent years, helped the isolated country weather international sanctions last year, according to a researcher at South Korea's state-run think tank on Sunday.North Korea, which has been under layers of interna
Feb. 51893 -- The royal authorities of the Joseon Dynasty (1392-1910) decide to establish the nation's first naval academy on Ganghwa Island, west of Seoul. Faced with growing pressure from foreign countries' military vessels that frequently appeared around the peninsula, the authorities pla
The special counsel investigating an influence-peddling scandal centered on President Park Geun-hye is seeking to have a face-to-face interrogation with her this week. It will be the first-ever prosecution enquiry of a sitting South Korean president if it is carried out as planned, officials said Su
People in South Korea took to the streets in central Seoul on Saturday calling for President Park Geun-hye's immediate resignation over an influence-peddling scandal involving her longtime friend. This massive rally marked the 14th candlelight vigil that has been held almost every weekend since
United States Defense Secretary Jim Mattis has proposed maintaining around-the-clock communication with South Korean Defense Minister Han Min-koo in a bid to tighten the countries' alliance further against North Korea, a military source said Sunday."Secretary Mattis suggested to Minister Han (t
North Korea has unilaterally sold rice cookers produced in the now-defunct inter-Korean industrial zone in Kaesong, a U.S. media outlet reported Saturday. A source in China told Radio Free Asia (RFA) that North Koreans took several hundred electronic rice cookers from Kaesong in mid-D