Apple Inc. surprised the local music and mobile service industry Friday by abruptly launching its streaming music service Apple Music in South Korea. The tech giant simultaneously launched Apple Music in 110 countries in July of last year, but had left it unserviced in the South Korean market for more than a year. Its sudden decision to start up the service drew mixed reactions, raising question...

RIO DE JANEIRO (AP) -- Even if only for two weeks, can "Faster-Higher-Stronger" overpower deadlier, scarier and bloodier? Can the Olympic Games still offer the world momentary levity, distract from terror, shootings, poverty and other worries in globally grim times? If not, what use is the multibillion-dollar celebration of youthful endeavor and mostly niche sports? Olympic fans gather next to t...

[THE INVESTOR] A group of ruling party lawmakers plan to submit a bill that requires carmakers and salespeople to refund or exchange new vehicles that have defects. Saenuri Party Rep. Kwon Suk-chang said Sunday he and his fellow lawmakers will propose a “lemon law,” referring to American state laws that stipulate that carmakers should compensate consumers for products that have defects despite r...

Financially shaky STX Offshore & Shipbuilding Co. Friday filed for a court-led restructuring scheme as it struggled with a protracted slump and mounting losses, officials at the shipbuilder and the Seoul Central District Court said. The court will soon decide whether to put the ailing shipbuilder under its receivership or on path to liquidation, the officials said. STX Shipbuilding, once the co...

Barack Obama paid moving tribute Friday to victims of the world's first nuclear attack, during a historic visit to Hiroshima. In a soaring speech watched by survivors of the atomic blast, Obama said the bomb that rent the city on August 6, 1945 "demonstrated that mankind possessed the means to destroy itself." US President Barack Obama (right) and Japanese Prime Minister Shinzo Abe turn around ...

Korea Ratings, a leading credit rating agency in South Korea, downgraded the credit outlook for CJ CGV from "stable" to "negative" Wednesday, citing a growing financial burden from its planned takeover of a Turkish cinema chain. CJ CGV, South Korea's top operator of multi-screen theaters, announced earlier that its consortium would buy Istanbul-based Mars Entertainment Group for 792 billion won ...