The European Union's antitrust regulator granted conditional approval for the merger of Korean Air with its smaller domestic rival Asiana Airlines on Tuesday, leaving only approval from the US pending among the 14 relevant authorities, according to Korean Air. The approval comes after the nation’s largest air carrier submitted a revised merger plan to the European Commission in November last year, which entails selling off Asiana Airlines' cargo business and turning over certain airport s

Seoul shares opened higher Tuesday as investors expect the US Federal Reserve to start easing this year due to continued disinflation. The benchmark Korea Composite Stock Price Index rose 33.23 points, or 1.27 percent, to 2,653.55 in the first 15 minutes of trading. Investors await January's US inflation data due later in the day. The US consumer price index is expected to support the view that decelerating inflation will allow the US central bank to start cutting rates this year. In Seoul,

South Korea has been conducting a US-led multinational air exercise, along with four other nations, in Guam since earlier this month to enhance joint operability, the Air Force said Friday. The annual Cope North exercise has been taking place at the Andersen Air Force Base in Guam since Monday, involving more than 80 military aircraft and some 3,000 troops from six countries, including Japan, Australia, France and Canada. On the first day, a coalition of 33 aircraft, involving South Korea's

Relations between South Korea and Russia are facing a severe crisis. The spokesperson for the Russian Foreign Ministry belittled the South Korean president's remarks publicly. Under normal diplomatic relations, disparagement is an entirely unacceptable diplomatic provocation. In response, the spokesperson of the South Korean Foreign Ministry directly criticized the Russian president. It might be self-defensive as a draw because both nations exchanged accusations against each other. However

South Korean defense firm LIG Nex1 has clinched a US$3.2 billion deal to export mid-range surface-air-to missiles (M-SAM II) to Saudi Arabia, Seoul's defense ministry said Tuesday. LIG Nex1 inked the contract with the Saudi defense ministry to sell Cheongung M-SAM II in November, the ministry said. It marks LIG Nex1's second overseas sales of Cheongung-II following a deal with the United Arab Emirates (UAE) in January 2022. The hit-to-kill missile system is capable of intercepting in

South Korea’s Ministry of National Defense is mulling a plan to establish a new command for countering North Korean nuclear threats in Seoul. The plan would involve expanding the existing Joint Chiefs of Staff headquarters for responding to nuclear and weapons of mass destruction threats to South Korea, according to the Defense Ministry on Tuesday. The JCS headquarters was set up in January last year. The Defense Ministry said the new command would oversee South Korea’s “three-

Hanwha Ocean, the South Korean maritime defense systems provider, is playing a vital role in modernizing the nation’s naval prowess by providing advanced stealth submarines and multi-purpose warships. For more than four decades, the company has been building vessels for the Navy, with the most recent deliveries including KSS (Korean Submarine-III) submarines, KDX-III (Korean Destroyer-III) destroyers and FFX (Future Frigate eXperimental) Batch-II frigates, with more advanced vessels in the

The Organization for Economic Cooperation and Development revised down its outlook for South Korea's economic growth this year to 2.2 percent, Seoul's finance ministry said Monday. The figure marked a 0.1 percentage-point fall from its projection of 2.3 percent made in November, according to the Ministry of Economy and Finance. The projection was on par with that of the South Korean government, though the Bank of Korea presented a 2.1 percent growth outlook for this year. The Internati

North Korea on Monday denounced South Korea's defense minister over his latest warning that Pyongyang will face the end of its regime in the event it wages war, calling his remark a "catalyst" for a physical clash. Minister Shin Won-sik warned on Jan. 24 that Pyongyang will face the end of its regime in the event it wages a war, hours after North Korea fired several cruise missiles into the Yellow Sea. During his visit to the 17th Fighter Wing at Cheongju Air Base, 112 kilometers

General Motors will release four new vehicles in South Korea this year including two electric vehicles as the global automaker looks to expand its presence in the local market, GM's Korean office said Friday. "We plan to strengthen GM’s presence in the fiercely competitive domestic market and meet the needs of those seeking the unique American product experience and new lifestyle that only GM can provide by expanding our comprehensive range of products," said Hector Villarre

The nominee for US Indo-Pacific Command chief expressed deep concerns Thursday over the burgeoning military partnership between North Korea and Russia, portraying it as a "symbiotic" one that goes against the principles of global peace. During a confirmation hearing of the Senate Armed Services Committee, Adm. Samuel Paparo, currently US Pacific Fleet commander, also noted that Russia might have given "potentially high-end" technology to the North in return for the North'

South Korea picked up two gold medals on the final day of the Winter Youth Olympics on home soil Thursday, producing a pair of double gold medalists in the process. South Korea captured the gold medal in figure skating's team event at Gangneung Ice Arena in Gangneung, some 160 kilometers east of Seoul, over the United States and Canada. South Korea earned 13 points, with a victory in each discipline worth five points. The U.S. had 12 points and Canada finished with nine. Kim, who won the me

South Korean stocks rose by almost 2 percent Thursday despite overnight Wall Street losses, with techs and autos climbing as the nation's exports rose for the fourth month. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index climbed 45.37 points, or 1.82 percent, to 2,542.46. Trade volume was heavy at 741.3 million shares worth 13.3 trillion won ($9.98 billion), with winners outpacing losers 668 to 239. South Korea's exports moved up for the fourt

Jeremy Lin and Japan captain Yuki Togashi among the stars set to play on March 8-10 HONG KONG, Feb. 1, 2024 /PRNewswire/ -- The champion of East Asian professional basketball will be crowned on March 8-10 in Cebu, Philippines, as the city hosts the East Asia Super League 2023-24 Season Final Four. Jeremy Lin and the New Taipei Kings, and Yuki Togashi and the Chiba Jets, are among the stars set to compete in Cebu as the first full-length EASL season comes to a thrilling conclusion. &

SEOUL, South Korea, Jan. 31, 2024 /PRNewswire/ -- The COVID-19 pandemic is an ongoing challenge of emerging and re-emerging infectious pathogens. Ultraviolet (UV) has high energy in the wavelength range of 100 ~ 400nm and is used for sterilization, air purification, medical treatment, etc. by breaking the bond of microorganisms, bacteria, oxygen, etc. Genicom - http://www.geni-uv.com The conventional germicidal UV light has some limitations. There has been a breakthrough, far-UV light