South Korean chemicals maker Kumho Petrochemical Co. has filed a lawsuit against the US government over the imposition of high anti-dumping duties on its synthetic rubber product, industry sources said Monday. In July, the US Department of Commerce slapped anti-dumping duties of 44.3 percent on emulsion styrene butadiene rubber produced by South Korea's Kumho Petrochemical and POSCO Daewoo, and ...

South Korea said Monday it has started a joint missile tracking exercise with the United States and Japan amid speculation that North Korea may soon test a submarine-launched ballistic missile. The two-day drill is taking place in waters near the peninsula and Japan, the first trilateral military operation since the North's firing of the Hwasong-15 intercontinental ballistic missile in late Nove...

WASHINGTON -- US Secretary of State Rex Tillerson will deliver a speech this week on the role of the South Korea-US alliance in addressing growing threats from North Korea, organizers said Sunday. Tillerson will be one of two keynote speakers at a forum organized by the Korea Foundation and the Atlantic Council think tank in Washington on Tuesday, according to the KF. The other speaker will be U...

Foreign investors continued their net buying of South Korean stocks in November, with the amount reaching nearly 2 trillion won ($1.8 billion), the financial regulator said Monday. Offshore investors bought a net 1.86 trillion won last month, marking the second consecutive month of net buying, according to the Financial Supervisory Service. Net purchases by investors from the United Arab Emirat...

WASHINGTON -- The United States will send its full delegation of athletes to next year's Winter Olympics in South Korea's PyeongChang, an envoy said Sunday, amid confusion over US participation. US Ambassador to the United Nations Nikki Haley said last week it was an "open question" whether the US would send its athletes to the February games, citing safety concerns sparked by increased military...

South Korea will strengthen oversight of local financial groups as part of its effort to better check the sector, the state regulator said Sunday. The Financial Services Commission said it will set a so-called financial group innovation body that will begin work on Monday. The special body will be made up of two teams that will be tasked with monitoring such matters as ownership structure risks,...

South Korea's economy is expected to expand 3.1 percent this year on the back of solid worldwide growth, a local think tank said Sunday. The forecast marks a 0.4 percentage-point increase from estimates made two months earlier, Hyundai Research Institute said. The leading private think tank said it has marked up growth forecasts for 2018 by 0.3 percentage point to 2.8 percent. "Growth is being...

South Korea has announced an additional 20 North Korean firms and 12 individuals on its blacklist as part of its latest unilateral sanctions aimed at squeezing the flow of money to Pyongyang's nuclear and missile development programs, a senior official said Sunday. The new sanctions, which will go into effect Monday, come as the international community puts greater pressure on the reclusive regi...

South Korean businesses will have to spend more than 12 trillion won ($10.9 billion) annually in additional payments, and be compelled to train more employees if the government imposes a weekly 52-working hour limit, a report said Sunday. The Moon Jae-in administration is pushing ahead with a revision to the Labor Standards Act, pending approval by the National Assembly, limiting the maximum wor...

Foreign investors offloaded 2.12 trillion won ($1.93 billion) worth of shares traded on South Korea's main bourse in the last two weeks, the Korea Exchange said Sunday. The stock market operator said foreigners sold off many more shares than they bought in the 10 trading days starting from Nov. 27 through Friday. The selling of shares on the Korea Composite Stock Price Index outpaced the buying...

The top US military commander in South Korea traveled to Washington, D.C. and New York last week for briefings on North Korea and the allies' defense posture, his aides said Sunday amid growing attention to the Donald Trump administration's response to the communist regime's saber-rattling. The trip of Gen. Vincent K. Brooks, who commands the US Forces Korea, came days after the North's launch o...

Autos and Internet of Things will lead growth in the semiconductor market going forward, a report by a global industry tracker said Sunday. According to IC Insights Inc., new growth engines will fuel advances in the computer chip market as demand for them in mobile phones remains a solid pillar for the industry that has witnessed a surge in growth in recent years. It said the global semiconducto...

North Korea lashed out at the United States on Sunday over the possible use of a naval blockade in the wake of its recent missile provocation, warning that it would consider such a move as a "declaration of war." The condemnation came after US Secretary of State Rex Tillerson recently mentioned the "right to interdict maritime traffic transporting goods" to and from the North after its Nov. 29 t...

Samsung Electronics Co.'s mobile payment system is moving to expand into the banking sector to offer more diverse services to users, the South Korean tech giant said Sunday. The company said that starting Thursday, the payment system installed on some of its newer smartphones can be used to carry out transactions at some local banks. Under the upgrade, the 9 million domestic users of Samsung Pa...

YONGIN -- Police investigators will lead a multiagency probe into a crane collapse that claimed three lives at a construction site, official sources said Sunday. On Saturday, three workers were killed and four others were seriously injured after a 90-meter-tall crane collapsed at a construction site in Yongin, Gyeonggi Province, at 1:11 p.m. The Yongin Eastern Police Station announced that it p...