Seoul Delays Decision on WMD Initiative

Chosun - Wednesday 19th June, 2013

Almost half of the households in Seoul now consist of just one or two people, according to a survey on 49,785 residents by the Seoul Metropolitan Government late last year. Some 46.8 percent of households consisted of one or two ...

Seoul shares slip on foreign selling techs as Fed awaited

Reuters - Wednesday 19th June, 2013

Wed Jun 19, 2013 3:03am EDT * Drop in Samsung Electronics, tech stocks weighs * Hyundai Motor gains for a second day on earnings hopes SEOUL, June 19 (Reuters) - Seoul shares slipped on Wednesday as foreign investors were net sellers for a ninth straight session as the market awaited the results of the U.S. Federal Reserve's policy meeting for clarity on its stimulus programme. No immediate ...

Drug smuggling on the rise in S. Korea

Asia News Network - Wednesday 19th June, 2013

It is worrisome that drugs smuggled into Korea or trafficked through it have been increasing rapidly in recent years. The number of drug-smuggling cases uncovered by the Korea Customs Service rose from 150 in 2009 to 232 last year. Recent figures from the KCS augmented the perception that the country could no longer be recognised as a place relatively free of narcotics. For the first five ...

Ethiopian Airlines inaugurates new flight to Seoul

Global Times - Tuesday 18th June, 2013

The Ethiopian Airlines, one of the fastest growing airliners in Africa, on Tuesday launched its new destination to Seoul, South Korea. The inaugural flight to Seoul coincides with the 50th anniversary of the establishment of diplomatic relations between Ethiopia and South Korea. The Ethiopian Airlines made the inaugural flight with Boeing 787 Dreamliner to Incheon International Airport in ...

Australia Iran and South Korea head for Brazil

Business 247 - Tuesday 18th June, 2013

Mehrdad Oladi, Masoud Shojaei, Mohammad Noori and Gholam Raza Rezaei of Iran celebrate qualifying for the 2014 Fifa World Cup following the World Cup Qualifier against South Korea at Munsu World Cup Stadium on June 18, 2013 in Ulsan, South Korea. ...

Seoul shares drop Samsung Elec dips after gains

Reuters - Tuesday 18th June, 2013

SEOUL, June 19 | Tue Jun 18, 2013 8:17pm EDT SEOUL, June 19 (Reuters) - Seoul shares fell in early Wednesday trade as Samsung Electronics shares turned lower after posting their biggest gain in 2-1/2 weeks in the previous session. Samsung has been battered as analysts readjust their expectations for its smartphone growth, but managed to climb 1.5 percent on Tuesday. The Korea Composite ...

$5 Million Went to Rohs Son

Chosun - Tuesday 18th June, 2013

Foreign migrant workers in small or medium-sized firms in Korea are earning up to 11 times what they used to make in their own country, a survey released Monday suggests. They earn an average of W1.62 million including overtime pay and bonuses a ...

Iran and South Korea Classify for World Soccer Cup

Prensa Latina - Tuesday 18th June, 2013

Seoul, Jun 18 (Prensa Latina) Iran beat South Korea 1-0 and both teams are now classified for the 2014 World Soccer Cup in Brazil, a competition to which Australia also got its classification for Asia. Iran got the victory as a visitor, with a goal scored by Reza Ghoochannejhad in a match disputed in Ulsan, South Korea. This result in the last date for the Asian classification group is good for ...

Iran wins at S.Korea both teams qualify for WCup

MSNBC - Tuesday 18th June, 2013

SEOUL, South Korea (AP) -Iran won 1-0 at South Korea on Tuesday in a result that secured both teams a spot at next year's World Cup, but the hosts only just scraped ...

Seoul Beijing to assess North Korean issues

Middle East Times - Tuesday 18th June, 2013

South Korean Foreign Minister Yun Byung-se told lawmakers Tuesday diplomatic outreach with China would focus on North Korean concerns. South Korean President Park Guen-hye is scheduled to meet later this month in Beijing with Chinese ...

121 South Korean schools have no newcomers

Middle East Times - Tuesday 18th June, 2013

Data indicate 121 of 6,203 elementary schools in South Korea did not recruit any new students this year amid the country's low birthrate. Some 1,596 other schools reported less than 10 new students in 2013. Most of the schools without newcomers are in rural areas, the data show. Officials attributed the declining number of students to the country's chronically low birthrate. ...

South Korea begins bidding for $7.3 billion fighter buy

Pioneer Press - Tuesday 18th June, 2013

SEOUL, South Korea-South Korea has begun accepting bids from aircraft makers to supply 60 new fighter jets at an estimated cost of $7.3 billion (8.3 trillion won). Two arms procurement officials said the bidding began Tuesday and is scheduled to end next week. Boeing's F-15 Silent Eagle, EADS' Eurofighter Typhoon and Lockheed Martin's F-35 Joint Strike Fighter are competing. The ...

South Koreas producer prices fall

New Kerala - Tuesday 18th June, 2013

Seoul, June 18 : Producer prices in South Korea fell for three straight months due to lower prices of farm goods and crude oil, central bank data showed ...

South Korea invites North Korea to 2014 Asian Games

Itar Tass - Tuesday 18th June, 2013

SEOUL, June 18 (Itar-Tass) - South Korea has invited North Korea to attend the 17th Asian Games that will take place in South Korea’s Incheon next year, the Yonhap news agency said on Tuesday. "We have sent an invitation to North Korea via the Olympic Council of Asia, but have received no response so far," said Park Jong-gil, the second vice minister for culture, sports and ...

Digitimes Research South Korea firms mixed on solar business developments

Digitimes - Tuesday 18th June, 2013

The solar market seemed promising for South Korea-based big enterprises such as Samsung, LG, and Hyundai. However, continuous loss has pushed these firms to modify the business ...

Paradigm shift in South Koreas DPRK policy

Global Times - Tuesday 18th June, 2013

High-level talks between South Korea and the Democratic People's Republic of Korea (DPRK) were called off last week. If it happened, it could have ended the no-dialogue period between the two sides under the former Lee Myung-bak administration.Pyongyang criticized Seoul for its discourtesy, saying that South Korea downgraded the rank of its chief delegate from the originally planned ...

Seoul shares rise 0.9 pct as autos techs fuel gains

Reuters - Tuesday 18th June, 2013

SEOUL, June 18 | Tue Jun 18, 2013 2:08am EDT SEOUL, June 18 (Reuters) - Seoul shares advanced on Tuesday fuelled by rallies in auto and technology heavyweights including Hyundai Motor and Samsung Electronics. Samsung Electronics shares finished up 1.5 percent and Hyundai Motor rose 3.8 percent. The Korea Composite Stock Price Index (KOSPI) finished up 0.93 percent at 1,900.62 points. ...

S. Koreas new rules let manufacturers own financial subsidiaries

Asia News Network - Tuesday 18th June, 2013

South Korea's antitrust regulator will allow manufacturing-focused conglomerates to own financial subsidiaries such as insurance companies, but only if they reorganise their governance structures to transform into holding companies. In a policy and legislative briefing to the National Assembly's National Policy Committee on Monday, the Fair Trade Commission said that chaebol, or ...

S. Korea aims to export airport infrastructure

Asia News Network - Tuesday 18th June, 2013

Hope that a Korean consortium, led by the Incheon International Airport Corp., could win the first deal to build an international airport overseas this month is rising as the government is developing a package of programmes to support the deal. Backed up by its global brand power, the IIAC partially exported its know-how to Russia, the Philippines, Nepal, Cambodia and Indonesia, but has not yet ...