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Seoul shares end lower automakers gain on Europe outlook

Reuters - Monday 20th May, 2013

Mon May 20, 2013 3:29am EDT * Institutional selling offsets gains from foreign buying * Automakers rally on Europe recovery prospect, Ssangyong jumps * Ssaangyong shares hit a fresh 16-mth high SEOUL, May 20 (Reuters) - South Korean shares edged lower on Monday, with gains in automakers such as Hyundai Motor offset by falls in food companies as institutions took profits on the ...
S. Korea analyzing if North launched missiles or artillery- Experts N. Korea camp holding American not worst

Fox News - Monday 20th May, 2013

South Korea officials are trying to determine out what exactly North Korea fired into its eastern waters over the weekend. A Defense Ministry official speaking on condition of anonymity citing department rules says experts are analyzing whether the projectiles are short-range missiles or a new type of artillery the country may be developing. North Korea fired what Seoul officials called a ...
Seoul shares slip autos gain food companies fall

Reuters - Monday 20th May, 2013

SEOUL | Mon May 20, 2013 2:09am EDT SEOUL May 20 (Reuters) - South Korean shares edged lower on Monday,with gains in automakers such as Hyundai Motor offset by falls in food companies as institutions sought to take profits on the sector. The Korea Composite Stock Price Index finished down 0.2 percent at 1,982.43 points. (Reporting by Jungyoun Park; Editing by Richard ...

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S. Korea to monitor financial market conditions amid DPRK risks

Global Times - Monday 20th May, 2013

South Korea's top financial regulator said Monday that financial market conditions should be monitored more thoroughly amid resurfacing risks related to the Democratic People's Republic of Korea (DPRK)."North Korea (DPRK) risks eased recently, but the North resumed its provocation over the weekend by launching short-range missiles, " Financial Services Commission (FSC) ...

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Seoul City Focus

Seoul World Design Capital

In 2010, Seoul held the title of World Design Capital for the year, a coveted acknowledgment of the city’s progress in the development of its design-oriented industries and a foundation for the implementation of further development projects in preparation for 2010.

Seoul is a thriving global city of over 12 million people and the capital of South Korea, a country that has seen rapid development over the last few decades to become one of the newly emerged first world countries of the late 20^th century. Read more

Tourism

Much of Seoul bears the distinct stamp of the 21st century -- 12-lane freeways carry a constant stream of traffic between steel-and-glass skyscrapers. But if you look more closely, you'll find ancient temples miraculously spared destruction in the Korean War, as well as painstakingly restored historic palaces whose designs date back centuries. Great effort has gone into preserving Korean history and culture despite what seems like a headlong rush into the future. Mere steps away from the bustle of commerce, you can find yourself in the serenity of a traditional garden or a market overflowing with ginseng, jade and dried squid.

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North Korea fires short range weapons

Seoul News.Net - Monday 20th May, 2013

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

Seoul News.Net - Monday 20th May, 2013

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 ...
DPRK releases Chinese fishermen

China Daily - Tuesday 21st May, 2013

/enpproperty--> BEIJING - A Chinese fishing boat held by the Democratic People's Republic of Korea (DPRK) with 16 fishermen onboard was released early on Tuesday, the Foreign Ministry confirmed on Tuesday. Ministry spokesman Hong Lei made the remarks at a regular press conference here, quoting report by the owner of the vessel. "The crew was safe and the owner did not pay the ...
China says North Korea released detained sailors

Yahoo - Tuesday 21st May, 2013

BEIJING (AFP) - North Korea released 16 Chinese fishermen and their boat Tuesday, Beijing said, demanding an explanation after the kidnapping by armed attackers heightened strains between the neighbours."The DPRK side released the fishing boat and all the fishermen were safe and healthy," foreign ministry spokesman Hong Lei told a regular press briefing, using the North's official ...

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North Korea fires short range weapons

Seoul News.Net - Monday 20th May, 2013

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 ...
Papering over border differences China and India agree to boost trade

Seoul News.Net - Monday 20th May, 2013

NEW DELHI - India and China Monday played down a recent border stand-off and agreed to maintain peace along their disputed boundary as well as boost economic relations. Chinese Prime Minister Li Keqiang, who decided to make India the first stop of his maiden foreign jaunt as premier, stressed that the population of the two nations comprised one third of the world. Both countries have ...
Musharraf gets bail in Bhutto assassination case

Seoul News.Net - Monday 20th May, 2013

ISLAMABAD, Pakistan - Former Pakistani military dictator Pervez Musharraf was Monday granted bail in a case related to the assassination of ex premier Benazir Bhutto. Musharraf has been under house arrest because he is accused of failing to provide adequate security for Bhutto who was murdered in a bomb and gun attack in December 2007 while campaigning for elections. The assassination ...

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Blogging platform Tumblr acquired by Yahoo for $1.1 bn

Seoul News.Net - Monday 20th May, 2013

NEW YORK - Yahoo promised "not to screw it up" as it formally announced its acquisition of the popular Tumblr blogging platform for $1.1bn in cash, giving the company a much-needed base in social media to reach a younger generation of users. The relaxed wording of the memo for one of the internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old ...
US drugmaker Actavis buying Warner Chilcott in $8.5bn deal

Seoul News.Net - Monday 20th May, 2013

WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...
Bombardier unveils Challenger 350 mid sized business jet

Seoul News.Net - Monday 20th May, 2013

GENEVA - Canadian aeroplane maker Bombardier has expanded its leading Challenger family of business jets with the launch of the new Challenger 350 aircraft in collaboration with global leader in private aviation, US firm NetJets. The launch on Monday was held at a special event here at the European Business Aviation Conference and Exhibition (EBACE). Bombardier said deliveries of the ...
$254mn Eskom wind power project gets South African regulator's nod

Seoul News.Net - Monday 20th May, 2013

JOHANNESBURG - The National Energy Regulator of South Africa (Nersa) has granted power producer Eskom a licence for its Sere wind farm in the Western Cape, paving the way for the company to start construction of its $254.3 million (R2.4-billion) project. Sere is the Nama word for "cool breeze". The wind farm project is scheduled to become fully commercially operational by the end of ...