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S. Koreas industrial power sales rise on export growth
Industrial electricity sales in South Korea rose last month due to a growth in exports, which account for more than half of the economy, a government report showed Wednesday.Power sales in the industrial sector, a barometer of industrial activities, reached 21.89 billion kilowatt-hours (kWh) in April, up 3.1 percent from a year earlier, according to the Ministry of Trade, Industry and Energy ...
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Climbers from Bangladesh and South Korea die while descending from Everest
Two climbers have died while descending from the summit of Mount Everest on Monday night, officials confirmed.The climbers have been identified as Mohammad Khalid Hussain of Bangladesh and Sung Ho-Seo of South Korea.Khil Lal Gautam, official at Tourism Ministry, said that Ho-Seo, who had climbed the peak without supplemental oxygen, refused to put on oxygen mask on returning to tent as suggested ...
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Seoul Buriram Shabab Ahli into ACL quarters
SEOUL, South Korea -- FC Seoul, Buriram United, Al Shabab and 2012 finalist Al Ahli advanced to the Asian Champions League quarterfinals on Tuesday.Seoul scored three second-half goals to beat Beijing Guoan 3-1 on the night and by the same margin overall to qualify for the quarterfinals for the third time in five years. Buriram drew 0-0 with Bunyodkor but won 2-1 at home last week, becoming the ...
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Seoul shares hit 7-wk high on autos foreign buying
Tue May 21, 2013 10:23pm EDT * Seoul shares rise as foreign buying continues for a 4th day * LG Innotek hits more than a year high * Auto stocks rally on export data, hopes over union agreement SEOUL, May 22 (Reuters) - South Korean shares climbed to a seven-week high on Wednesday led by automakers after Federal Reserve officials played down the chances of scaling back the U.S. central ...
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FC Seoul fight back to oust Beijing Guoan
Yun Il-lok scored once and provided an assist as K-League champions FC Seoul secured a third AFC Champions League quarter-final appearance in five years after recording a 3-1 comeback win over China's Beijing Guoan on ...
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Buriram continue dream run FC Seoul advance
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 ...
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Crackdown on Neglected Cars Starts
The number of vehicle transfers rose 2.25 percent on-year to a record 1.14 million in the first four month of this year. But that does not mean consumer confidence is returning. While sales of foreign and second-hand cars increased, sales of new Korean models dwindled 1.5 percent on-year over the same ...
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$5 Million Went to Rohs Son
The number of vehicle transfers rose 2.25 percent on-year to a record 1.14 million in the first four month of this year. But that does not mean consumer confidence is returning. While sales of foreign and second-hand cars increased, sales of new Korean models dwindled 1.5 percent on-year over the same ...
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Seoul shares may have 1st gain in 3 days await Bernanke
SEOUL | Tue May 21, 2013 7:43pm EDT SEOUL May 22 (Reuters) - Seoul shares may climb for the first day in three on Wednesday after Federal Reserve officials played down the chances of a scaling back in the bank's stimulus programme but investors remain cautious before a scheduled speech by U.S. Fed chairman Ben Bernanke. "The market will open in the positive territory, but moves ...
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First AIBA Pro Boxing bout set for South Korea in July
May 21 - The International Boxing Association (AIBA) has announced the first ever AIBA Pro Boxing (APB) bout will take place on July 19 at Jeju Island in South Korea prior to the official launch of the competition next year. AIBA's most ambitious project to date, APB is looking to roll back decades of tradition by offering contracts that allow fighters to box professionally in the ...
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Hashimoto brings South Korea into fray
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 ...
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Seoul Buriram United into ACL quarterfinals
SEOUL, South Korea -- FC Seoul advanced to the Asian Champions League quarterfinals for the third time in five years Tuesday, while Buriram United became the first Thai team to reach the last eight in 10 years.Seoul scored three second-half goals to beat Beijing Guoan 3-1 on the night and on aggregate following a scoreless draw last week. Buriram played out a 0-0 draw with Bunyodkor but won 2-1 ...
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Nine-man Beijing knocked out by Seoul
China's Beijing Guoan forward Frederic Kanoute (in green) competes for the ball with South Korea's FC Seoul defender Adilson during their AFC Champions League round of 16 match in Seoul on Tuesday. Photo: AFP FC Seoul recovered from going a goal down and missing a penalty to beat Beijing Guoan 3-1 and reach the Asian Football Confederation Champions League quarterfinals in a dramatic ...
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Buriram FC Seoul into Asian quarter-finals
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 ...
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South Korea See Norths Threats at Unprecedented Levels
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 ...
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S. Korea to write off debts for joint sureties of 1997 Asian crisis
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- ...
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CORRECTED-UPDATE 1-S.Korea May 1-20 exports fall but better than feared
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, ...
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Ethiopia Ethiopian to Fly to Seoul
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, ...
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S. Korea Reports First Human Case of Tick-Born Virus
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 ...
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S. Koreas corporate bankruptcies rebound from record low
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 ...
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S. Korea to spend 40 mln USD on graphene development
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 ...
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S.Koreas GS EC wins $1 bln refinery deal from Turkey
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 ...
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Korea to Get First Domed Ballpark
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 ...
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Brown Fat Could Help Adults Keep Slim
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 ...
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Seoul shares pare gains CJ Hankook tumble
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 ...
South Korea Focus
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South Korea's tool for northern diplomacy
A 66 square kilometre industrial complex just over the border is an important part of reconciliatory efforts between South Korea and the North. It is important to the economy as well, but its diplomatic significance runs far deeper.
The Kaesong Industrial Complex is the only industrial special administrative region that still exists as a joint agreement between North and South Korea. Following the sinking of the ROKS Cheonan, relations between the two countries deteriorated significantly, with South Korea accusing the North of the attack and the North subsequently denying involvement. Read more
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