KIEV (AP) ― The world must prepare for more nuclear accidents on the scale of Chernobyl and Japan’s Fukushima Daiichi plant, the U.N. chief warned, saying that grim reality will demand sharp improvem...ntion to “the new nexus between natural disasters and nuclear safety.” The ongoing crisis at Japan’s Fukushima Daiichi nuclear power plant was triggered by last month’s huge earthquake and the ensuin...

...clear reactor the North is building had a higher risk of causing radiation leak than its existing nuclear facilities. His remarks may fuel worries around the peninsula. Regarding South Korean people’s concerns about North Korea’s construction of light water reactors, Heinonen did not deny the possibility of danger. “The Democratic People’s Republic of Korea (North Korea) has at the reprocessing plant a substantial amount of...

The nation’s savings banks have reaped more than 1 trillion won ($900 million) in service fees per annum over the past five years, a lawmaker revealed Thursday. Citing data gained from financial regulators, Rep. Bae Young-shik of the ruling Grand National Party unveiled the figure during a two-day parliamentary hearing on the Financial Services Commission and the Financial Supervisory Service on...

...ek advanced to its strongest level in 31 months with capital inflows into local assets. The market’s understanding of the latest move is that the Finance Ministry is masterminding regulators to curb ...mmon concern for emerging markets since the second round of quantitative easing, or QE2, from the U.S. Federal Reserve resumed last year. Such loose policies and near zero interest rates in advanced n...

Fortune’s list includes Lee of Samsung, Chung of Hyundai Motor and Koo of LG Three Korean top business leaders ― Lee Kun-hee, Chung Mong-koo and Koo Bon-moo ― were included in a U.S. magazine’s recently released list of Asia’s 25 most powerful business people. Lee, chairman of Samsung Electronics, was ranked fourth while Chung, chief of Hyundai Motor, and Koo, chairman of LG Group, were placed ...

...truction for the facility has been done and is to be completed by 2012, the builder said. “Marafiq’s deep trust for the Yanbu plant seems to have positively affected this (us winning the project),” H...ding technology and experience we have accumulated in the Middle East.” As a result of the builder’s efforts to expand its presence in the Middle East and northern Africa, Hanwha E&C is currently car...

... The Myth of Free Trade and the Secret History of Capitalism,” he writes that nations such as the U.S. and U.K. have used protectionism to turn themselves into economic powers, but now insist that dev...boost Korea’s GDP by nearly 3 percent. That said, Chang has some doubt about the hypothetical deal’s prospects. “China’s a bit of a special case because no other country at China’s level of income h...