South Korea's spy agency denied a local media report on Monday that its agents had broken into an Indonesian presidential delegation's hotel room last week in Seoul to steal sensitive arms procurement information. Quoting an unnamed senior official, the Chosun Ilbo said that a trio, who had broken into the suite room of the Lotte Hotel in downtown Seoul and fled after a delegation member saw the...

... another nuclear test, government and military sources said Sunday. North Korea conducted its two previous plutonium-fueled nuclear tests, one each in 2006 and 2009, at the site. “South Korea and U.S. intelligence authorities have spotted the North building a couple of additional tunnels in Punggye-ri,” said a government source. “It’s obvious that North Korea is preparing for a third nuclear test.” Reports have emerged about signs that the reclusive regime may be preparing for its third nuclear test at the Punggye-ri nuclear tes...

SK Holdings Co., the holding firm for Korea’s third-largest conglomerate, SK Group, said Friday it plans to spin off its life science business unit in April in a bid to nurture new growth engines. The new entity, tentatively named SK Biopharm, will be launched on April 1 with a paid-in capital of 20 billion won ($18 million), SK said in a regulatory filing. Since launching a drug development bu...