U.S. President Donald Trump has said he believes North Korea is "very serious" about dismantling its nuclear weapons program as skepticism persists over whether the regime will follow through on its denuclearization pledge.Trump told Fox News in an interview aired Sunday that he believes North Kor
South Korea has delivered its opposition to the United States' move to impose tariffs on imported autos through various channels as part of efforts to minimize the fallout for the local automotive industry, Seoul's trade ministry said Sunday.Paik Un-gyu, Minister of Trade, Industry and Energ
The number of listed companies on South Korea's stock exchanges that plan to offer interim dividends to shareholders rose 12.5 percent on-year to 45 in 2018, the country's bourse operator said Sunday.According to the Korea Exchange (KRX), 31 firms traded on the Korea Composite Stock Price In
South Korea added seven Buddhist mountain temples to the UNESCO World Heritage list on Saturday, earning international recognition for another set of historical sites.The unanimous decision was announced on Saturday during the 42nd session of the World Heritage Committee held in Manama, Bahrain, whi
South Korea's exports fell slightly in June compared with a year earlier, due to high base effect and shorter working days, government data showed Sunday.Outbound shipments reached US$51.23 billion last month, slipping 0.09 percent from a year ago, according to the data compiled by the Ministry
Demand for organic light-emitting diode (OLED) panels continued to grow this year, belying an overall poor showing in the global display market, data from an industry researcher showed Sunday.According to IHS Markit, OLED displays performed well, as the market for smartphones plateaued, resulting in
Two separate rallies were held in central Seoul late Saturday with supporters and protesters from each side showing contrasting sentiment regarding hundreds of Yemini asylum seekers in the southern island of Jeju.A group of protesters, who named themselves People's Solidarity Against Illegal Asy
South Korea's employment agency said Saturday the combined amount of unemployment benefit handed out to job seekers jumped more than 20 percent in the January-May period of 2018 from a year earlier.Unemployment benefit paid to local job seekers over the first five months of this year came to 2.6
North Korean leader Kim Jong-un has visited island areas near China, the country's state media said Saturday, marking his first inspection following his historic summit with the U.S. leader.The North's leader made the so-called field guidance to a reed farm in Sindo County in North Pyongan P
South Korea will continue to lead in the global memory chip industry and China will have limited impact, at least over the next couple of years, Moody's Investors Service said Saturday.As the world's largest consumer of semiconductors, China has made a heavy investment in the sector in order
The United States Senate has confirmed President Donald Trump's pick for ambassador to South Korea, filling a post that has been vacant since the launch of the administration.The Senate voted unanimously in favor of retired Adm. Harry Harris on Thursday, according to a diplomatic source. The for
The South Korean World Cup team returned home to a warm welcome on Friday, its two early losses long forgotten after a stunning win over Germany.South Korea shocked the football world by blanking the world No. 1 and defending World Cup champions 2-0 on Wednesday to close out Group F play at the FIFA
Local dealers of Porsche vehicles filed a compensation suit against the importer of the luxury cars for monetary losses incurred from suspended sales due to emissions test rigging, a law firm said Friday.Forty-seven salesmen hired by Stuttgart Sports Cars Ltd (SSCL), the official importer of Porsche
Companies in all business sectors will be allowed to use their movable assets as collateral for loans from late August, an industry association of banks said Friday, in the latest effort to help smaller firms secure funds.The Korea Federation of Banks said it revised its guidelines on movable assets
Samsung Heavy Industries Co., a major South Korean shipbuilder, said Friday that it has clinched a US$240 million deal to build two special-purpose ships for a European company.The shipbuilder said it is set to deliver the vessels to the client by 2021. Samsung Heavy declined to identify its client
Korean Air Lines Co. said Friday that one of its jets suffered a landing gear breakdown and was forced to stop on the taxiway at Japan's Narita International Airport.The incident happened around 12:35 p.m. when a B777-300 was moving on a taxiway to pull into a gate after making a normal landing
U.S. Secretary of State Mike Pompeo on Friday discussed the importance of fully implementing sanctions on North Korea in a phone call with his Chinese counterpart.Pompeo spoke with Chinese Foreign Minister Wang Yi and exchanged views on ongoing efforts to achieve the "shared goal of the complete, v
Koo Kwang-mo, the son of LG Group's late Chairman Koo Bon-moo, became a board member of the holding firm and its CEO on Friday, effectively becoming the fourth-generation leader of the family-controlled conglomerate.Koo, who was adopted by the late business tycoon so as to fulfill the LG family&
The U.S. Forces Korea (USFK) opened its new headquarters in Pyeongtaek, south of Seoul, on Friday, in a relocation project likely to broaden its security role long defined by deterrence against North Korea.The USFK held a ceremony to celebrate the relocation from Yongsan, central Seoul, to Camp Hump
Friday, June 29, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.POSCO Daewoo signs KW300 bil. deal to develop gas block in MyanmarPOSCO Daewoo, an energy unit of PO