South Korean stocks traded lower late Tuesday morning as institutions and foreigners offloaded large-cap tech stocks in an apparent move to lock in profits, analysts said. The benchmark Korea Composite Stock Price Index lost 4.09 points, or 0.17 percent, to 2,414.12 as of 11:20 a.m. Most large caps traded mixed, with tech shares in negative terrain. Market kingpin Samsung Electronics lost 0.57...

SK Chemicals Co., a South Korean pharmaceutical and chemical goods manufacturer, and multinational drug firm GlaxoSmithKline Plc. are awaiting final approval of their respective herpes zoster vaccines, market watchers said Tuesday. Approval is forecast to shake up the market in a big way, setting up a showdown with the US pharmaceutical giant Merck & Co's Zostavax, they said. Zostavax is the on...

Spain has decided to expel North Korea's ambassador in protest over the communist nation's continued nuclear and missile provocations, becoming the first confirmed European country to do so, foreign news reports said Tuesday. According to multiple wire reports, Spain's foreign minister asked North Korean ambassador Kim Hyok-chol on Monday to leave the European country by the end of this month. ...

Japan's Emperor Akihito will visit a shrine related to an ancient Korean kingdom this week, the website of the shrine showed Tuesday. The emperor and Empress Michiko will visit the Koma Shrine, located in the city of Hidaka near Tokyo, on Wednesday morning, according to the website. This will mark the first time for a Japanese emperor to visit the shrine. The shrine was founded in 716 by an em...

The presidential office Cheong Wa Dae said Tuesday it has issued a "stern warning" to Defense Minister Song Young-moo for his "inappropriate and uncoordinated" remarks regarding President Moon Jae-in's dispute-prone security adviser. During a parliamentary session Monday, Song said it is "deplorable" that Moon Chung-in, the adviser, is making controversial remarks as a scholar, which are deemed ...

South Korea sent a delegation to Oman and Saudi Arabia to boost local companies' chances in the emerging infrastructure markets in the Middle East and strengthen economic ties, the land ministry said Tuesday. Son Byeong-seok, Vice Minister of Land, Infrastructure and Transport, accompanied a business delegation made up of officials from both the public and private sectors to meet key infrastruct...

The chief of South Korea's top airline appeared before police investigators Tuesday to face questioning over his alleged misappropriation of company funds for a home renovation. Cho Yang-ho, chairman of both Hanjin Group and Korean Air Lines Co., showed up at the National Police Agency in Seoul as a criminal suspect facing possible charges of breach of trust. He refused to take any questions fr...

South Korea's exports grew at the fastest pace among the world's top 10 exporters, data by the World Trade Organization showed Tuesday, thanks to brisk sales of semiconductors and petrochemical products. Outbound shipments amounted to $328 billion in the first seven months of this year, making South Korea the world's sixth-largest exporter, up 16.3 percent from a year earlier, according to the W...

The South Korean government will announce a new duty-free license plan later this month as part of efforts to revamp the scandal-hit sector, the finance minister said Tuesday. "A task force team will map out the plan from the offset," Finance Minister Kim Dong-yeon said in a meeting at Incheon International Airport with leaders from local duty-free shop operators including Lotte Duty Free and Sh...

The Cabinet approved a measure Tuesday that would allow male soldiers, in addition to their female counterparts, to take an hour off every day for child care if they have very young children. Under the current law, only female soldiers are allowed to use the daily child care time if they have babies younger than 12 months old. But the Cabinet approved an enforcement ordinance giving the benefit ...

South Korean midfielder Kim Young-wook is set to sign with United Arab Emirates football club Shabab Al Ahli Dubai, officials from his current club said Tuesday. K League Classic team Jeonnam Dragons said they're pushing for Kim's move to Al Ahli, and the player will soon fly to Dubai for a medical. The Arabian Gulf League, the UAE's top league, started its new season last weekend, and the play...

A 2-ton military vehicle was unloaded from a C-130 Hercules transport plane flying over the southern region and landed at a targeted zone safely in air-drop training on Tuesday, South Korea's Air Force said. The 5th Tactical Airlift Wing staged the exercise in the vicinity of Uiryeong, South Gyeongsang Province, to hone its capability of delivering heavy equipment using cargo parachutes to areas...

South Korea's major shipbuilders and steelmakers have been in talks over a steel price hike for weeks, but they still face difficulties narrowing their differences, industry sources said Tuesday. Last week, the Korea Offshore & Shipbuilding Association urged top steel producer POSCO and No. 2 player Hyundai Steel Co. to cut the prices of thick steel plates used for shipbuilding, adding that loca...

YEONGJONGDO -- Gyeonggi Province Gov. Nam Kyung-pil apologized to the public Tuesday after his son was detained on drug charges. "I express my apology as the governor to Gyeonggi residents and the public for another unsavory incident," he told reporters at the Incheon International Airport. He flew home from Paris after cutting his trip short on the news of the incident. "I feel responsible and...

The US plans to send F-22 Raptor and F-35A Lightning II stealth fighter jets to the Seoul air show to be held next month, South Korea's defense ministry said Tuesday. The Seoul International Aerospace & Defense Exhibition, or Seoul ADEX, will open Oct. 17 for a six-day run at Seoul Air Base, just south of the capital. More than 400 defense firms from 33 countries plan to participate in the bien...