South Korean President Moon Jae-in on Friday ordered his top security officials to visit China and Japan to explain the outcome of their visit to North Korea this week, the presidential office Cheong Wa Dae said.Chung Eui-yong, Moon's top security adviser, will travel to China this week to perso
South Korean stocks will move within a tight range as investors may remain skittish over the escalating trade tension between the United States and China and rising odds of a Federal Reserve rate hike in September, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) finish
U.S. activist fund Elliott Management has further tightened the screws on Hyundai Motor Group, calling on the South Korean automaker to adopt a fresh restructuring plan.Raising objections to Hyundai's earlier plan to streamline its ownership structure, the U.S. entity has called for it to adopt
South Korea's consumer protection agency will sign a memorandum of understanding with its counterparts in the Chinese territory of Macao and Mongolia soon, its head said Friday, in the latest move to better protect locals who use overseas online shopping malls.Lee Hee-sook, president of the Kore
A patient in Seoul was diagnosed on Saturday with the first case of Middle East Respiratory Syndrome (MERS) in South Korea since 2015.The 61-year-old man, whose personal information was withheld for privacy reasons, was diagnosed with the disease at about 4 p.m. Saturday, the Korea Centers for Disea
The state-run Korea Gas Corp. (KOGAS) said Friday it will start test runs of a liquefied natural gas (LNG)-powered truck, jointly developed by Daewoo Tata Commercial Vehicle Company, to examine its safety and economic viability.The 400 horsepower-truck will be built on a Tata Daewoo frame and powere
The South Korean government will seek to secure the National Assembly's support for the inter-Korean agreement on rapprochement and cooperation reached at the countries' leaders' summit in April, an official from the presidential office Cheong Wa Dae said Friday.The government plans to s
General Manager Berhard Brender of the Grand Hilton Hotel in Seoul hosted a luncheon at the classy buffet restaurant of the hotel for Publisher-Chairman Lee Kyung-sik of The Korea Post media on Sept. 7, 2018. Lee came together with Ven. Yu Jae-hak, chairman of the World Clean Mind Movement Headquart
The head of Hyundai Heavy Industries Co. called on employees on Friday to make sacrifices and concessions to keep afloat the troubled offshore facilities business.The world's biggest shipbuilder by sales suspended work at its offshore facilities in August as orders have dried up.The company has
The head of Asiana IDT Inc., the information and communication technology unit of Kumho Asiana Group, has been named the new president of Asiana Airlines Inc., company officials said Friday.Han Chang-soo will lead South Korea's second-biggest full-service carrier. The appointment came a day afte
South Korea's finance ministry said Friday that it plans to sell 600 billion won ($530 million) worth of 50-year Treasury bonds next week to meet demand from institutional investors.Earlier, the ministry said it would sell the longest-dated state bond this month, but the amount has not been fixe
South Korea's chief economic policymaker said Friday that it is the right time for the country to reform its economic structure as its main growth engines, including the automaking and the shipbuilding industries, are undergoing a slump."Our leading sectors are seeing their growth losing moment
The Department for Combating Economic Crimes of the Prosecutor General's Office of the Republic of Uzbekistan and Korea Financial Intelligence Unit (KoFIU) signed a Memorandum of Cooperation on Sept. 3, 2018. This was done within the framework of the Seoul Workshop 2018 of Asia/Pacific Group on
Prime Minister Lee Nak-yon said Friday that the ongoing peace process with North Korea must be kept alive so as to turn the tension-filled waters around the western sea border into a "sea of peace and prosperity."Lee made the remark during a ceremony marking Coast Guard Day, noting that there has
South Korea's top monetary policymaker will attend a meeting of the world's central bank governors in Switzerland next week, the Bank of Korea (BOK) said Friday.BOK Gov. Lee Ju-yeol is scheduled to leave for the northwestern Swiss city of Basel on Saturday for the meetings of the Bank of Int
The top diplomats of South Korea and Japan will hold talks on the sidelines of an economic forum in Vietnam next week to share the outcome of the South Korean delegation's recent trip to Pyongyang, Seoul's foreign ministry said Friday.Foreign Minister Kang Kyung-wha and her Japanese counterp
South and North Korea are expected to open their liaison office at the North's Kaesong Industrial Complex next week, a government official said Friday.Baik Tae-hyun, spokesman of the Ministry of Unification, said that discussions are under way to fix the opening date for the inter-Korean liaison
Friday, September 7, 2018Round-up of important news from major Korean dailies today And from international media:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.Trump thanks N.K. leader for having 'unwavering faith' in himU.S. President Donald Trump thank
Thursday, September 6, 2018Round-up of important news from major Korean dailies today And from international media:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.N. Korean leader Kim meets S. Korean president's special delegationNorth Korean leader Kim Jong-
Hana Pharm Co., a South Korean pharmaceutical firm, said Thursday it plans to go public on the country's main bourse next month to raise funds for facility investment to further advance its overseas market presence.Hana Pharm will offer 4.08 million shares at a price band between 24,500 won and