Corporate bill default rate falls to 20-month low in Feb.

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Chung Dong-young to run in April by-elections

Former Unification Minister and presidential candidate Chung Dong-young announced Monday that he will contest Seoul’s Gwanak-B constituency in the April 29 by-elections.  Former Unification Minister...

Updated : 2015.03.30 12:08

KAI picked as preferred bidder for S. Korean fighter jet project

South Korea's sole aircraft manufacturer, Korea Aerospace Industries Ltd., was picked as the preferred bidder for the country's indigenous fighter jet development program Monday, the arms procurement agency said.Codenamed KF-X, the 8.5 trillion won ($7.69 billion) project calls for South K...

Updated : 2015.03.30 12:04

S. Korea not in dilemma over rivalry between U.S., China: FM

It could be a blessing rather than a dilemma for South Korea being in the middle of the U.S. and China's growing rivalry in the Asia Pacific region, the foreign ministry said Monday.The remarks by Foreign Minister Yun Byung-se came amid growing jitters over the country's position as the tw...

Updated : 2015.03.30 11:53

Koreas trade accusations amid no signs of dialogue

South Korea hit back at North Korea on Monday over its direct criticism of President Park Geun-hye with the two sides locked in a war of words.In a statement, the unification ministry said it's "very regrettable" that the North's National Defense Commission denounced Park by name over the ...

Updated : 2015.03.30 11:52

Chinese firms propose non-tariff trade of cheap goods with N.Korea

Chinese firms have proposed establishing a non-tariff trade market with North Korea where cheap goods can be traded without tariffs between the two nations, according to the Chinese border city of Dandong on Monday. The proposal was made by representatives of Chinese firms in Dandong on Th...

Updated : 2015.03.30 11:36

N. Korea denounces S. Korea for AIIB, THAAD

North Korea on Monday played down South Korea's decision to join a China-led regional bank as a trade-off for the deployment of an advanced U.S. missile defense system on its soil.On its propaganda website, Uriminzokkiri, the North claimed the U.S. will take a full-fledged step to send a T...

Updated : 2015.03.30 10:37

S. Korea to host New Zealand in veteran defender's int'l swan song

Veteran South Korean football defender Cha Du-ri will bid adieu to international play on Tuesday, when his team hosts New Zealand in the nation's capital.The friendly match between the 56th-ranked South Korea and the 134th-ranked New Zealand will kick off at 8 p.m. at Seoul World Cup Stadi...

Updated : 2015.03.30 10:35

Japan saw emperor's regret over wartime history as 'inevitable' in 1984: documents

Japan believed in 1984 that it was "inevitable" for its emperor to express regret over Japan's 1910-45 colonial rule of the Korean Peninsula when a South Korean president made a state visit to Tokyo, diplomatic documents showed Monday.When South Korea prepared for a state visit by then Pre...

Updated : 2015.03.30 09:06

Park returns home after funeral of Singapore's founding father

President Park Geun-hye returned home Monday after attending the funeral ceremony of Singapore's founding father Lee Kuan Yew.It was the first time for Park to attend a funeral of an overseas political leader since she took office in 2013.In Singapore, Park briefly met with Japanese Prime ...

Updated : 2015.03.30 09:04

Ancient Egyptian beer making vessels discovered in Israel

TEL AVIV (AFP) -- Fragments of pottery used by Egyptians to make beer and dating back 5,000 years have been discovered on a building site in Tel Aviv, the Israeli Antiquities Authority said on Sunday.Excavation director Diego Barkan said 17 pits were found that had been used to store produ...

Updated : 2015.03.29 22:43

N. Korea slams Park's Cheonan speech

North Korea blasted South Korean President Park Geun-hye Sunday over her recent speech made at a ceremony to mark Pyongyang's torpedoing of a South Korean corvette in 2010 that killed 46 sailors.Speaking on the fifth anniversary of the tragedy Wednesday, Park said she "hopes North Korea ab...

Updated : 2015.03.29 22:22

Park encounters Abe in Singapore

SINGAPORE -- South Korean President Park Geun-hye met with Japanese Prime Minister Shinzo Abe on the sidelines of the funeral ceremony of Lee Kuan Yew, founder of Singapore, a sign of thaw in bilateral relations soured by territorial and other history-related issues.Park proposed that Sout...

Updated : 2015.03.29 22:18

S. Koreans safely arrive in Djibouti after leaving Yemen

The 10 South Koreans who were evacuated from Yemen have landed safely in Djibouti, officials here said Sunday.The defense ministry said eight civilians and two embassy staffers checked into a hotel in Djibouti around 6:30 p.m. Friday local time, or 12:30 a.m. Sunday in Korean time, having ...

Updated : 2015.03.29 21:52

Seongnam to share debt rehabilitation story with U.S.

A mayor from South Korea is scheduled to deliver a speech at Stanford University in California on April 9 and April 14 sharing his story about normalizing the debt-stricken city, located south of Seou...

Updated : 2015.03.29 18:55

Freedom of expression debate reignites

Controversy over South Korea’s freedom of expression has been rekindled following a recent clampdown that activists claim is gagging critics of President Park Geun-hye.It was revealed earlier this mo...

Updated : 2015.03.29 18:51