S.Korea police, residents block leaflet launch into North

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Military prosecutors demand death sentence for army sergeant over soldier's death

Military prosecutors said Friday they have sought the death penalty for one of the Army sergeants accused of beating to death a junior soldier.The move came six months after an Army private first class, surnamed Yoon, died after allegedly being hit in the chest by his six of his comrades a...

Updated : 2014.10.25 10:51

S. Korean elected as head of ITU Standardization Bureau

South Korea's Lee Chae-sub, a specialist in IT convergence, was elected Friday as the head of the Telecommunication Standardization Bureau of the International Telecommunications Union (ITU), becoming the first from the country to take one of the top seats at the organization.Lee had compe...

Updated : 2014.10.25 10:50

Seoul shares likely to move up on eased uncertainties

The South Korean stock market is likely to edge up next week on eased uncertainty on the U.S. Federal Reserve's next moves, but the gains will be limited due to underperforming earnings results of local firms, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) ...

Updated : 2014.10.25 10:49

Korean candidate elected as ITU-T director

Lee Chae-sub, a KAIST researcher and policy adviser for South Korea’s Ministry of Science, ICT and Future Planning, won in the election for the directorship of the ITU Telecommunication Standardization on Friday. The ITU Telecommunication Standardization, or ITU-T -- one of the three bure...

Updated : 2014.10.24 17:51

[Weekender] Hiking popularity boosts outdoor market

Despite falling sales in Korea’s overall fashion market, demand for outdoor clothing has risen steadily.On any day of the week, especially on the weekends, you can see groups of people heading out to...

Updated : 2014.10.24 17:22

Korean candidate likely to win ITU-T directorship

Lee Chae-sub, a KAIST researcher and policy adviser for South Korea’s Ministry of Science, ICT and Future Planning, is expected to win in the election for the directorship of the ITU Telecommunicatio...

Updated : 2014.10.24 17:13

Electronics firms probed over accounting fraud

The South Korean customs and financial authorities have launched an investigation into suspicions that a mid-sized electronics firm and its affiliate, championed as some of the fiscally healthiest companies, committed accounting fraud amounting to hundreds of billions of won, state officia...

Updated : 2014.10.24 17:12

Former Kia Motors employees indicted over confidential info leak

Three former employees of Kia Motors Corp., South Korea’s No. 2 automaker, have been indicted on charges of leaking confidential information to a Chinese competitor, Seoul prosecutors said Friday.The suspects, including a former member of the board of directors surnamed Choi, are accused ...

Updated : 2014.10.24 17:11

Auto-sector trade surplus shrinks in Q3: customs data

South Korea’s surplus in the automobile sector declined on-year during the third quarter as imports of vehicles jumped on the growing need for foreign brands, customs data showed Friday.South Korea exported a total of 653,000 units of vehicles, which was worth $9.3 billion, during the Jul...

Updated : 2014.10.24 17:11

Hyundai E&C earnings drop 20.1% in Q3

Hyundai Engineering and Construction Co., South Korea’s second-largest builder, on Friday posted a 20.1 percent on-year drop in its net earnings for the third quarter, mainly due to fines paid for anti-trust rule violations. Net earnings totaled 135.1 billion won ($127.3 million).Despite ...

Updated : 2014.10.24 17:11

BOK chief urges more investment

Lee Ju-yeol, governor of the Bank of Korea, urged companies to increase their investments, saying that the country’s economy needs another boost to regain its growth momentum.“Investments are not as...

Updated : 2014.10.24 17:11

Hotel construction lures investors

With a growing number of foreign tourists visiting South Korea causing accommodation problems, the hotel construction market has emerged as the most attractive investment destination in the country despite the local housing market slump, industry data showed Friday.Local real estate invest...

Updated : 2014.10.24 17:11

Kia Motors’ net earnings plunge 27.2% in Q3

Kia Motors Corp., South Korea’s No. 2 automaker, said Friday its net earnings for the third quarter plunged 27.2 percent on-year to 657.4 billion won ($619.5 million), due to unfavorable exchange rates that offset strong gains in the total number of cars it sold. Operating profit also dro...

Updated : 2014.10.24 17:11

S. Korea, Australia, Indonesia absent as China launches regional bank

South Korea, Australia and Indonesia on Friday did not join the launch of a regional bank led by China to fund infrastructure projects in Asia, amid Washington's concerns over the new regional lender as it competes with established multilateral lenders such as the Asian Development Bank (A...

Updated : 2014.10.24 16:43

Britain's Johnson named new deputy secretary of ITU

Members of the International Telecommunications Union (ITU) on Friday elected Malcolm Johnson from Britain as the organization's new deputy secretary-general following several run-off votes held after no candidate secured a majority.Johnson received 104 votes from 168 member states who vot...

Updated : 2014.10.24 16:39