Prosecutors have indicted former President Lee Myung-bak's close associate, who is thought to hold a key to a corruption scandal involving an auto parts company, DAS, linked to Lee and his family, officials said Sunday.The Seoul Central District Prosecutors' Office on Friday filed charges of

South Korean President Moon Jae-in's special envoys will embark on a two-day visit to North Korea on Monday afternoon aimed at brokering dialogue between Washington and Pyongyang, officials here said.Chung Eui-yong, the chief of the presidential National Security Office, will lead the five-membe

A major Korean business lobby said Sunday it has asked the United States to make an exception for South Korea from its proposed tariffs on steel imports, citing the close security and economic ties between the two nations.The Federation of Korean Industries (FKI) said it has sent letters to 565 U.S.

Samsung SDI Co. said Sunday it will supply 13,000 battery modules for an energy storage system (ESS) linked with Hawaii's largest solar project.The South Korean battery maker will work with AES Distributed Energy, a U.S. power company, to supply batteries for the ESS, which can store excess sola

South Korea's presidential office Cheong Wa Dae is set to announce President Moon Jae-in's special envoys to North Korea on Sunday for a high-stakes trip aimed at fostering cross-border rapprochement and dialogue between Pyongyang and Washington.Moon has picked National Intelligence Service

The combined sales of South Korea's five carmakers fell 9.8 percent last month from a year earlier due to fewer working days and generally weak demand, corporate data showed Friday.The five automakers -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYon

Kumho Tire Co.'s creditors said Friday they aim to sell the financially troubled company to Qingdao Doublestar Co. through a rights issue, as attracting investment from the Chinese tiremaker may be the best option at present.The state-run Korea Development Bank (KDB), the main creditor, held tal

South Korea's wheelchair curling team for the PyeongChang Winter Paralympics said Friday it wants to write a success story like the women's curling team did at the PyeongChang Winter Olympics.The women's curling team earned silver at the Feb. 9-25 Olympics and became a global sensation w

Unionized workers of Kumho Tire Co., the country's second-largest tiremaker, said Saturday they will do whatever it takes to block its creditors' plan to sell the embattled company to a foreign company.On Friday, Kumho Tire's creditors, including the state-run Korea Development Bank, ann

Bank of Korea (BOK) Gov. Lee Ju-yeol, a veteran monetary policy expert with a career spanning 41 years at the central bank, is widely seen as an advocate of the bank's independence who has promoted better communication with the market.The reappointment of Lee, 66, comes at a critical time for th

Local investors are borrowing a large amount in loans to buy local stocks as the country's bourse has maintained a generally upward trajectory, despite a slump in the pace of growth, market data showed Saturday.The amount of money borrowed to buy stocks, the so-called margin debt, reached 11.24

President Moon Jae-in stated that he will make today (March 1, 2018) a starting point of an era of perpetual peace on the Korean peninsula on the occasion of the 99th anniversary of Korean independence movement which took place on the March 1, 1919 against the illegal occupation of the Korean penins

By Choe Nam-suk, vice chairman of The Korea Post mediaThe following details are based on an interview with Chairman Vasudev Tumbe of the Indian Chamber of Commerce in Korea conducted recently by The Korea Post media.—Ed.Question: First of all, please introduce the activities of the Chamber, in

Genji, Millennium Seoul Hilton’s Japanese restaurant, is pleased to offer a special promotion featuring yakitori, which are skewered delights, often chicken and cooked over charcoal. The Yakitori promotion will take place throughout the month of March.Genji’s yakitori promotion features a seven-cour

Millennium Seoul Hilton’s Italian restaurant, Il Ponte, is pleased to announce a special promotion featuring the sensational cuisine of Sicily. The special five-course menu will only be available during the month of March and is priced at KW98,000 per person.The mainstay of Sicilian cuisine is the f

The Korean daily media headlines and humorFriday, March 2, 2018 Your Excellency: Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully Yours /s/ Lee Kyung-sikPublisher-ChairmanKorea Post

Brigadier General Héctor Francisco Morán González, Defense, Military and Air Attaché of Mexico in Seoul, became a ‘Best-loved Foreign Defense Attache in Korea’ on Feb. 21, 2018 for a wonderful speech passage delivered at the Republic of Korea Army Club in Yongsang Distric

Purchasing a home may be the largest-ever financial transaction for many ordinary citizens, such as Han Jung-min, a 40-something office worker who dreams of settling down in the posh district of Gangnam in southern Seoul.The problem facing such first-time homebuyers always boils down to timing -- is

Ambassador Grecia Fiordalicia Pichardo of the Dominican Republic in Seoul disclosed that Prime Minister Lee Nak-Yeon is scheduled to visit the Dominican Republic in mid-March leading a large delegation of Korean business leaders of Korea.Speaking at a reception she hosted at the Lotte Hotel in Seoul

In the opinion of many Koreans in the Republic of Korea (ROK) in the south, especially the conservatively oriented senior citizens, Minister of National Defense Song Young-mu appears to be having a tough time trying to keep his own ideas and those of the established generation in Korea on the topic