South Korea News latest RSS headlines - South Korea News.net

US wants 'credible negotiations' with North Korea

Mon, 17 Jun 2013 16:53:57 -0400

WASHINGTON - The United States has said it wants "credible negotiations" with North Korea as Pyongyang in its latest offer has expressed desire to start "senior-level" talks with America on regional peace and easing tensions. President Barack Obama and his South Korean counterpart, Park Geun-hye, are said to have discussed the issue by telephone Sunday evening. They agreed to close ...

S. Koreas new rules let manufacturers own financial subsidiaries

Tue, 18 Jun 2013 01:16:36 -0400

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

Tue, 18 Jun 2013 01:16:23 -0400

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 ...

S.Korea top North envoy heads to US

Tue, 18 Jun 2013 00:26:34 -0400

SEOUL (AFP) - South Korea's top envoy on North Korea left on Tuesday for a meeting in Washington with his US and Japanese counterparts, two days after Pyongyang proposed direct, high-level talks with the United States.After Washington, Cho Tae-Yong will travel on to Beijing -- where he is likely to overlap with a visit by North Korea's chief nuclear negotiator, Kim Kye-Gwan, to the ...

Seoul Washington turn cold shoulder to N. Korea overture

Mon, 17 Jun 2013 23:09:59 -0400

North Korea's surprise offer of dialogue with the US on Sunday was met with a frosty reaction by Seoul and Washington, which both call on Pyongyang to prove sincerity with its actions before resuming talks. Pyongyang proposed a high-level meeting with Washington to defuse military tensions and discuss a peace treaty and the US campaign for a nuclear-free world. The overture by the National ...

South Korea struggling without Japanese tourists

Mon, 17 Jun 2013 22:07:20 -0400

Recent economic and diplomatic issues within South Korea has resulted in a significant drop in tourist arrivals from Japan, according to new research data. Approximately 689,000 Japanese travellers visited South Korea during the first three months of 2013, a 22 percent decline in visitors compared with the same period last year, Channel News Asia reported. These figures stem from data ...

Seoul shares little changed foreign selling persists

Mon, 17 Jun 2013 21:50:09 -0400

Mon Jun 17, 2013 9:50pm EDT * Market little changed as investors hold back before Fed meeting * Foreign investors sell for an eighth session * Techs rebound, banking stocks slide SEOUL, June 18 (Reuters) - Seoul shares traded nearly flat on Tuesday as investors continued to speculate over the Federal Reserve's intentions for its stimulus programme ahead of its monetary meeting starting later ...

Survey Reveals Teens Porn-Browsing Habits

Mon, 17 Jun 2013 21:34:27 -0400

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 ...

Seouls Govt Call Center Impresses Foreign Countries

Mon, 17 Jun 2013 21:34:15 -0400

N.Koreans in South Bewildered and Rejected

Mon, 17 Jun 2013 20:31:28 -0400

Twenty North Korean defectors have recently arrived in Seoul after weeks under the protection of the South Korean Embassy in Laos. They boarded in Vientiane and arrived safely, a diplomatic source said Monday. Once they have been questioned they will be resettled ...

Seoul shares open higher investors cautious before Fed outcome

Mon, 17 Jun 2013 20:06:23 -0400

SEOUL, June 18 | Mon Jun 17, 2013 8:06pm EDT SEOUL, June 18 (Reuters) - Seoul shares opened higher on Tuesday after firm gains on Wall Street, but rises were limited as investors continue to speculate over the Federal Reserve's intentions for its stimulus programme ahead of a meeting of policymakers this week. The Korea Composite Stock Price Index (KOSPI) was up 0.2 percent at ...

South Korea PPI Dips 0.4 In May

Mon, 17 Jun 2013 19:04:59 -0400

Producer prices in South Korea were down 0.4 percent on month in May, the Bank of Korea said on Tuesday - accelerating from the 0.3 percent decline in April.By individual categories, agricultural, forestry and marine products were down 2.8 percent, while manufacturing industry products lost 0.5 percent and services added 0.1 percent.On a yearly basis, producer prices fell 2.6 percent after losing ...

Video South Korea sceptical of U.S.-North negotiations

Mon, 17 Jun 2013 14:56:13 -0400

South Korea's Unification Minister Ryoo Kihl-jae says the North's stance on its controversial nuclear programme stand in the way of talks between Northern and U.S. leaders. Jessica Gray ...

South Korea doubts Pyongyangs sincerity

Mon, 17 Jun 2013 13:19:04 -0400

The South Korean government expects more sincerity from North Korea regarding the potential for multilateral negotiations, a minister said Monday. The official Korean Central News Agency said last weekend the North Korean government was interested in "high-level talks" with the U.S. government to establish security on the Korean Peninsula. Multilateral nuclear talks among the two ...

Liberia Ellen Boakai Meet With Make Group Delegation From South Korea

Mon, 17 Jun 2013 10:15:34 -0400

A delegation of the Make Group, a South Korean-based investment company specializing in Africa's development, paid a courtesy call on President Ellen Johnson Sirleaf at her Foreign Ministry office in Monrovia on Thursday, June 13. Also present was Vice President Joseph N. Boakai, Sr. Members of the high-powered delegation included James Juhee Han, Chairman and Proprietor; Jungsuk Ryou, ...

Obama calls South Koreas Park

Mon, 17 Jun 2013 08:36:20 -0400

US President Barack Obama consulted by phone with South Korean President Park Geun-Hye following North Korea's proposal for new talks with Washington, officials said ...

Video South Korea skeptical of US -North talks

Mon, 17 Jun 2013 07:50:23 -0400

South Korea's Unification Minister Ryoo Kihl-jae says the North's stance on its controversial nuclear programme stand in the way of talks between Northern and US ...

S. Korea president flags risks in engaging North

Mon, 17 Jun 2013 05:56:48 -0400

SEOUL (AFP) - South Korean President Park Geun-Hye on Monday warned against engaging North Korea in a token dialogue that would only allow Pyongyang more time to develop its nuclear weapons programme.The warning came in a 20-minute telephone call between Park and US President Barack Obama the day after North Korea proposed opening direct denuclearisation talks with the United States.The offer was ...

Obama SKorea leader discuss NKorea talks offer

Mon, 17 Jun 2013 05:00:46 -0400

WASHINGTON -; The White House says President Barack Obama and South Korea's President Park Geun-hye (goon-hay) have discussed North Korea's proposal for high-level talks with the ...

S. Korea Hints at Trilateral Talks with US and China at ASEAN Forum

Mon, 17 Jun 2013 04:50:43 -0400

Seoul, June 17 (BNA) - South Korea is studying the possibility of holding trilateral talks with top diplomats from the United States and China on the sidelines of a regional security conference in Brunei later this month, a diplomatic source said Monday. The move comes as North Korea issued a surprise proposal for talks with the US on Sunday, after months of raising tensions on the Korean ...

Chinese Film Festival opens in Seoul

Mon, 17 Jun 2013 04:00:17 -0400

The fifth Chinese Film Festival has opened in South Korea's capital Seoul. Chinese cinema icons including filmmaker Wong Kar-Wai, Zhang Ziyi, and Tony Leung Chiu-Wai are there. The Chinese film festival here in Seoul is playing a major role in bolstering cultural exchange between South Korea and China. The biennial festival, which first opened in 2006, this year takes on the theme of ...

North Korean semi-submersible craft close to South Korea

Mon, 17 Jun 2013 02:17:14 -0400

TOKYO, June 17 (Itar-Tass) - North Korea has concentrated near the Northern Limit Line with South Korea in the Yellow Sea fast semi-submersible craft that can also move fully submerged, the Seoul Chosun Ilbo newspaper reported on Monday. Earlier, they were docked at a remote port, but now they have been seen at a forward base, the newspaper writes. The boats used to carry commandos into an ...

S.Korea shares slip amid Fed stimulus worries Samsung Elec dips

Mon, 17 Jun 2013 02:10:50 -0400

SEOUL, June 17 | Mon Jun 17, 2013 2:10am EDT SEOUL, June 17 (Reuters) - South Koran shares edged lower on Monday as investors cautiously awaited a U.S. Federal Reserve meeting at which the central bank is expected to clarify its policy outlook. Falls in technology heavyweights weighed, as Samsung Electronics gave up earlier gains and ended down 0.2 percent, quickly losing the recovery ...

Tears of blood jibe stokes Korea-Iran ire

Mon, 17 Jun 2013 00:39:44 -0400

SEOUL (AFP) - South Korea and Iran appear headed for one of Asia's worst-tempered World Cup qualifiers after their coaches traded barbs and one player said he would make Iran's captain cry "tears of blood".The gloves-off verbal sparring has dramatically raised temperatures ahead of their crunch meeting in Seoul on Tuesday, where South Korea need just a point but Iran need a ...

S. Korea calls for action from North not words

Mon, 17 Jun 2013 00:31:57 -0400

North Korean chief delegate Kim Song-Hye (L) shakes hands with her South Korean counterpart Chun Hae-Sung (R) before the inter-Korean working-level talks at the truce village of Panmunjom in the demilitarized zone dividing the two Koreas on June 9, 2013. FILE PHOTO SEOUL-- South Korea on Monday joined the United States in insisting that rival North Korea take ';concrete'; steps towards ...

S Korea Q2 GDP growth likely 0.8 vs Q1 C. bank chief

Mon, 17 Jun 2013 00:12:24 -0400

SEOUL: South Korea's economic growth for the current quarter will likely be similar to 0.8 percent recorded in the January-March quarter on a sequential basis, the ...

S.Korea picks QE weak yen as top uncertainties

Sun, 16 Jun 2013 23:36:53 -0400

South Korea's monetary and economic policymakers on Monday picked the earlier-than-expected exit from quantitative easing in the United States and the depreciation of the Japanese yen as top external uncertainties facing the South Korean economy."In case the reduction or the end of the US quantitative easing is made visible, negative effects will not be small on international financial ...

Hainan holds tourism promotion conference in Seoul South Korea

Sun, 16 Jun 2013 21:59:09 -0400

A 30-person Hainan delegation attended the 2013 Korea World Travel Fair and held a Hainan tourism promotion conference in Seoul and a Hainan tourism forum in Busan from May 29th to June 2nd. During the 5 days, the delegation promoted the wedding tourism and golf tourism offerings of Hainan Island. Representatives from South Korea’s top 90 travel agencies, 8 major airline companies and 20 ...

New Trains to Service Subway Line 3 from June

Sun, 16 Jun 2013 21:19:46 -0400

North Korean warships are busy plying both East and West Seas, including semi-submersible craft recently moved to a forward base near the Northern Limit Line in the West Sea. The semi-submersibles are often seen docking at a forward base in waters near the Northern Limit Line in the West ...

Foreign holdings of S.Korea bonds stocks fall in June

Sun, 16 Jun 2013 20:59:59 -0400

SEOUL, June 17 | Sun Jun 16, 2013 8:59pm EDT SEOUL, June 17 (Reuters) - Foreign net investment in South Korean bonds and stocks fell by 6 trillion won ($5.33 billion) in the month to June 13, mainly due to the redemption of maturing bonds, official data showed on Monday. Monday's data submitted by the Financial Supervisory Service to the parliament showed foreigners were net buyers ...

College Entrance Exam Scores Reveal Regional Gap

Sun, 16 Jun 2013 19:37:06 -0400

Some 1.52 million youngsters donated blood last year, the largest group to have taken part in blood donation in 2012. Korean Red Cross on Thursday said schoolchildren and college students accounted for 55.9 percent of the 2.72 million people who donated blood in ...