South Korea will host a tournament on the top men's tennis tour for the first time in more than a quarter century this fall. The ATP Tour announced Friday that Seoul will host the Korea Open from Sept. 26 to Oct. 2 at Olympic Park Tennis Center. It will be the tour's first event in South Korea since 1996. The South Korean capital hosted an ATP-level event from 1987 to 1996. The city has since s...

Samsung Electronics Co. floated an idea of investing nearly $200 billion to build 11 more chip plants in the United States over the next two decades, documents filed with the state of Texas showed Friday. The proposed investment is described in South Korean tech giant's applications filed with the Taylor and Manor school districts, seeking tax breaks for the potential construction of 11 new chip...

After only one match each, the ongoing East Asian football competition has been a tale of two tournaments for the South Korean men's and women's teams. The women's team, coached by Colin Bell, suffered a 2-1 loss to Japan to open the East Asian Football Federation (EAFF) E-1 Football Championship in Japan on Tuesday. With that, hopes of ending a 17-year title drought at the EAFF event all but ev...

Shinhan Financial Group Co. on Friday reported its second-quarter net profit of 1.33 trillion won ($1 billion), up 4.8 percent from a year earlier. Operating income for the April-June period was 1.74 trillion won, up 3.3 percent from a year ago, the company said in a regulatory filing. Sales rose 123.1 percent to 18.66 trillion won. The earnings beat market expectations. The average estimate of...

Hyundai Mobis Co., South Korea's leading auto parts maker, said Friday its second-quarter net profit rose 15 percent from a year earlier on shareholding gains from its affiliates. Net profit for the three months ended in June climbed to 769.7 billion won ($587 million) from 669.6 billion won in the same period of last year, the company said in a statement. "Equity gains from affiliate Hyundai M...

INCHEON -- Police referred a university freshman accused of raping a schoolmate and causing her to fall to her death to the prosecution Friday for potential indictment with an additional charge of filming the rape scene, officials said. "I am sincerely sorry," said the 20-year-old student of Inha University in Incheon, west of Seoul, as he was transferred to the prosecution, without responding t...

President Yoon Suk-yeol said Friday that North Korea is ready to conduct a nuclear test at any time it decides. Yoon was responding to a reporter's question about the U.S. Department of Defense's assessment that the North has completed preparations to carry out a nuclear test as early as within the month. "We believe that not only at the end of this month, but ever since my inauguration, it's f...

South Korea's Veterans Affairs Minister Park Min-shik will attend a ceremony celebrating the completion of a new Korean War memorial monument in Washington DC next week, his ministry said Friday. Park plans to read out President Yoon Suk-yeol's message during Wednesday's event unveiling the Wall of Remembrance, which bears the names of 36,634 US troops and 7,174 members of the Korean Augmentatio...

North Korea's new suspected COVID-19 cases remained below 200 for the second consecutive day, according to its state media Friday. More than 140 people showed symptoms of fever over a 24-hour period until 6 p.m. the previous day, the official Korean Central News Agency (KCNA) said, citing data from the state emergency epidemic prevention headquarters. It did not provide information on whether a...

South Korean shares opened slightly higher Friday, following overnight Wall Street gains, amid lingering concerns over a global economic recession. The benchmark Korea Composite Stock Price Index added 2.09 points, or 0.09 percent, to trade at 2,411.25 points in the first 15 minutes of trading. Foreigners and retail investors went on a buying mode, while institutions sold shares. Overnight, US...

South Korea's producer prices gained for the sixth straight month in June, driven by rising prices of oil, coal and services, central bank data showed Friday. The producer price index, a major barometer of consumer inflation, stood at 120.04 last month, up 0.5 percent from the previous month, according to the preliminary data from the Bank of Korea (BOK). From a year earlier, the index spiked 9...

South Korean stocks ended higher Thursday, as US rallies and eased concerns over high global energy prices boosted investor sentiment. The Korean won gained ground against the US dollar. The Korea Composite Stock Price Index (KOSPI) rose 22.31 points, or 0.93 percent, to close at 2,409.16, extending the winning streak to the second consecutive session. It is the highest figure since June 28, whe...

The Organization for Economic Cooperation and Development's Working Group on Bribery has voiced "serious concerns" that the recently enacted prosecution reform laws could hamper the country's capacity to investigate and prosecute foreign bribery. The Working Group on Bribery in International Business Transactions, tasked with monitoring the implementation of the OECD Anti-Bribery Convention and ...

SEOUL, July 21 (Yonhap) -- Foreign direct investment (FDI) pledged to South Korea's free economic zones (FEZs) more than doubled in the first half of this year to hit a three-year high amid post-pandemic economic recovery, data showed Thursday. The country's nine FEZs received $560 million worth of FDI commitment during the January-June period, up 164 percent from a year earlier, according to th...

President Yoon Suk-yeol postponed receiving a policy briefing from the unification ministry Thursday due to a scheduling conflict, officials said. The briefing had been scheduled for 4 p.m. at the presidential office but is currently being rescheduled, presidential spokesperson Kang In-sun told reporters. A presidential official said there were "various circumstances" that led to the postponeme...