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North Korea fires short range weapons

Mon, 20 May 2013 18:25:10 -0400

PYONGYANG - North Korea continued to fire short range projectiles into waters off its east coast for a third straight day on Monday, officials here said, despite warnings from the US and South Korea against increasing tensions. The North has conducted six such firings since Saturday, in what are believed to be tests of short-range guided missiles or rockets from multiple launchers, officials ...

Situation on Korean Peninsula still serious

Mon, 20 May 2013 23:40:01 -0400

The security situation on the Korean Peninsula is still serious after North Korea's recent missile launch and its defiant pursuit of nuclear weapons, South Korea has said. "We continue to face a grave situation due to a series of provocations and nuclear threats by North Korea," said South Korean Foreign Minister Yun Byung-se at an annual conference of chiefs of overseas diplomatic missions in ...

Buriram FC Seoul into Asian quarter-finals

Tue, 21 May 2013 13:28:48 -0400

SINGAPORE (AFP) - Thai qualifiers Buriram United held off Uzbek giants Bunyodkor to reach the AFC Champions League quarter-finals on Tuesday as FC Seoul beat nine-man Beijing Guoan 3-1.Buriram weathered waves of attack in Tashkent for a 0-0 draw and 2-1 aggregate win over two legs, extending the unfancied club's fairytale run which started with their qualifying victory over Brisbane Roar in ...

South Korea See Norths Threats at Unprecedented Levels

Tue, 21 May 2013 08:52:34 -0400

SEOUL -- South Korea says it will never accept rival North Korea as a nuclear-weapons state. But there appears to be no international consensus on how to prevent that. Speaking Tuesday in Seoul, South Korean Foreign Minister Yun Byung-se characterized Pyongyang's recent belligerent threats as more diverse, frequent and intense than previously seen. He told a forum organized by ...

Hashimoto brings S. Korea into fray

Tue, 21 May 2013 08:19:12 -0400

South Korean soldiers were guilty of abusing women in wartime, Nippon Ishin no Kai (Japan Restoration Party) coleader and Osaka Mayor Toru Hashimoto said in comments reported Tuesday, days after provoking a storm by labeling sex slaves a military necessity. In a remark likely to fuel outrage and further stoke tensions in an already uneasy relationship, Hashimoto said the South Korean military ...

S. Korea to write off debts for joint sureties of 1997 Asian crisis

Tue, 21 May 2013 05:21:05 -0400

South Korea's financial regulator said Tuesday that it will write off debts held by joint sureties during the 1997 Asian foreign exchange crisis as part of efforts to help the sureties escape from financial difficulties coming from other parties' debts.As much as 70 percent of debt principals coming from the joint surety contract will be written off in accordance with the debt- ...

CORRECTED-UPDATE 1-S.Korea May 1-20 exports fall but better than feared

Tue, 21 May 2013 04:50:05 -0400

Tue May 21, 2013 4:50am EDT (Corrects values in 2nd paragraph) * May 1-20 exports fall 3.8 pct y/y - customs data * Exports almost flat after adjustment for calendar effects * Data shows little impact so far from yen's plunge By Choonsik Yoo SEOUL, May 21 (Reuters) - South Korean exports so far this month were roughly flat from a year earlier, customs data published on Tuesday showed, ...

Ethiopia Ethiopian to Fly to Seoul

Tue, 21 May 2013 03:44:32 -0400

The Ethiopian Airlines is to begin four flights per week to Incheon International Airport of Seoul, Republic of Korea as of 18 June 2013. Seoul is the fourth largest metropolitan economy in the world, after Tokyo, New York and Los Angeles. It is home to four UNESCO World Heritage Sites, known for a number of modern landmarks including Lotte World, the world's largest indoor theme park, ...

S. Korea Reports First Human Case of Tick-Born Virus

Tue, 21 May 2013 02:59:58 -0400

Seoul, May 21 (BNA) - South Korea has reported the first confirmed case of a person infected with a tick-born virus in the country following reports of deaths in China and Japan, the state-run disease control agency said Tuesday. Out of five suspected cases, a 63-year-old woman was found to be infected with the virus transmitted by one species of tick, the Haemaphysalis longicornis, according ...

S. Koreas corporate bankruptcies rebound from record low

Tue, 21 May 2013 02:02:00 -0400

South Korea's corporate bankruptcies rebounded last month from a record low due to a reduction in policy fund offer, central bank data showed Tuesday.The number of companies that went belly-up jumped to 89 in April from a record low of 69 in March, according to the Bank of Korea. The March reading was the lowest since the bank began compiling the data in January 1990.The rebound came as the ...

S. Korea to spend 40 mln USD on graphene development

Tue, 21 May 2013 02:02:00 -0400

South Korea planned to spend around 47 billion won ($40 million) over the next six years in helping companies develop graphene that will be used to make touch screen panels and organic light-emitting diode (OLED) panels, the Commerce Ministry said Tuesday.Graphene is an atomic-scale honeycomb lattice made of carbon atoms. The material is a one-atom thick layer of the mineral graphite, which can ...

S.Koreas GS EC wins $1 bln refinery deal from Turkey

Tue, 21 May 2013 00:47:44 -0400

SEOUL | Tue May 21, 2013 12:47am EDT SEOUL May 21 (Reuters) - South Korea's GS Engineering & Construction said on Tuesday it had received an order worth 1.16 trillion won ($1.04 billion) from Turkey to build a refinery plant. It said in a regulatory filing that Italian firm Saipem , Spanish oil engineering firm Tecnicas Reunidas and Japanese company Itochu were also part of the ...

Korea to Get First Domed Ballpark

Tue, 21 May 2013 00:23:51 -0400

North Korea launched two more short-range missiles into the sea on Monday, one in the morning and one in the afternoon, the Defense Ministry in Seoul said. They were fired from mobile launch vehicles in the same area near Wonsan, Kangwon Province and aimed away from South Korea in a northeasterly ...

Brown Fat Could Help Adults Keep Slim

Tue, 21 May 2013 00:23:34 -0400

More than six out of 10 Koreans felt that President Park Geun-hye's visit to the U.S. earlier this month was good for Korea, but a scandal involving her spokesman during the trip dampened sentiment. Gallup Korea polled 1,003 adults from May 13 to 15, after the president returned from her six-day U.S. trip on May ...

Seoul shares pare gains CJ Hankook tumble

Mon, 20 May 2013 22:19:00 -0400

Mon May 20, 2013 10:19pm EDT * Foreign investors buy shares for third-straight session * CJ Group shares tumble after raid on headquarters * Hankook shares down on share issuance decision SEOUL, May 21 (Reuters) - Seoul shares pared opening gains and traded flat on Tuesday, pulling back from the psychologically significant 2,000-point mark, amid institutional selling and falls in CJ Group-related ...

S.Korea Ready to Launch Own Satellite

Mon, 20 May 2013 21:08:59 -0400

Seoul Delays Decision on WMD Initiative

Mon, 20 May 2013 21:08:57 -0400

Korean-Made Satellites Ready for Launch

Mon, 20 May 2013 21:08:48 -0400

College Entrance Exam Scores Reveal Regional Gap

Mon, 20 May 2013 20:04:18 -0400

The SAT subject test in biology scheduled for June in Korea has now also been cancelled over suspicions that test questions were leaked. The U.S. College Board, which administers the SAT, made the announcement on ...

New Trains to Service Subway Line 3 from June

Mon, 20 May 2013 20:04:08 -0400

Seoul shares seen higher flirting with 2000-point mark

Mon, 20 May 2013 19:39:00 -0400

SEOUL | Mon May 20, 2013 7:39pm EDT SEOUL May 21 (Reuters) - Seoul shares may open higher on Tuesday after global markets mostly rose overnight, with the psychologically significant 2,000-point mark within reach, analysts said. "The market will try and touch the 2,000 points today, though it currently lacks compelling catalysts to help it stay firmly at that level," said Kim ...

South Korea aghast as more missiles fly

Mon, 20 May 2013 13:49:53 -0400

North Korea fired a sixth short-range missile into the East Sea on Monday, defying warnings from UN chief Ban Ki-moon and South Korea after a flurry of similar tests at the weekend.The latest firing was confirmed by the South's Joint Chiefs of Staff, who said it was unclear if the North was testing guided missiles or rockets from multiple launchers.However, North Korea said Monday that the ...

Pyongyang demands Seoul clarify stance on industrial zones future

Mon, 20 May 2013 09:33:14 -0400

The Democratic People's Republic of Korea (DPRK) on Monday urged South Korea to clarify its stance on the future of the suspended Kaesong Industrial Zone (KIZ).Seoul distorted the facts concerning the joint zone, the official KCNA news agency quoted a statement of the DPRK's General Bureau for the Special Zone Development Guidance as saying.Pyongyang would decide its action depending on ...

Seoul Day 3 of N.Korea tests of short-range weapon

Mon, 20 May 2013 09:29:12 -0400

North Korea continued firing short-range weapons over its own eastern waters Monday after a weekend of what it called "rocket launching tests" intended to bolster deterrence against enemy attack. South Korean officials were investigating exactly what it was that Pyongyang was ...

South Korea says North Korea fires 6th projectile into waters

Mon, 20 May 2013 08:25:14 -0400

A mock Scud-B missile of North Korea, right, and other South Korean missiles are displayed at the Korea War Memorial Museum in Seoul. North Korea fired short-range projectiles into its own eastern waters Monday for a third straight day, South Korea said. (Ahn Young-joon/Associated ...