The top 30 business groups made big gains in operating profits up to third quarter of this year, but they have not hired a lot of new people, especially in permanent positions, corporate data showed Thursday. CEO Score, a local corporate research firm, analyzed 261 affiliates of the top 30 conglomerates that submitted business reports for the third quarter. Results showed that the companies had ...

The government decided Thursday to consider providing special grants for recovery efforts in the southeastern city of Pohang struck by the second-most powerful earthquake on record to hit the country. The government made the decision in a meeting of senior officials from related ministries and agencies presided over by Prime Minister Lee Nak-yon and pledged to do its best to cope with the afterm...

WASHINGTON -- US President Donald Trump declared Wednesday that he will not accept a North Korea with nuclear weapons and will continue to put "maximum pressure" on the regime. Trump returned from a 12-day Asia trip Tuesday and made the remark in a televised statement that detailed the purported successes of his tour. "I called on every nation, including China and Russia, to unite in isolating ...

South Korea and Canada clinched a standing bilateral currency swap deal that will help expand financial exchanges between the two countries, Seoul's central bank said Thursday. Bank of Korea Governor Lee Ju-yeol and his Canadian counterpart Stephen S. Poloz signed the agreement at a ceremony at the Bank of Canada's head office in Ottawa, on Wednesday, according to the BOK. The liquidity swap ar...

South Korean officials and experts fear more earthquakes may occur for the next few months following the 5.4-magnitude tremor that struck the southeastern part of the country on Wednesday. The earthquake took place some 9 kilometers from the coastal city of Pohang at 2:29 p.m.. At least 14 people were reported to have sustained light injuries as of 7 p.m. It marked the second-strongest quake...

South Korea decided on Wednesday to postpone the state-administered college entrance exam by a week as a rare 5.4-magnitude quake struck the southeastern city of Pohang and caused fissures in some school buildings there. The Ministry of Education announced that the date for the College Scholastic Aptitude Test has been pushed back to Nov. 23. The test was due to be held nationwide on Thursda...

A Chinese delegation will visit South Korea next week to explain the outcome of its recent party congress, the Chinese Embassy in Seoul said Wednesday. The delegation led by He Yiting, executive vice president of the Communist Party's top education institute, will arrive in Seoul on Tuesday for a three-day stay, according to the embassy. The delegation's trip to Seoul is intended to share the o...

PYEONGCHANG, South Korea -- For those who drive to PyeongChang during the Winter Games period, there is one certain place they will probably end up: a large parking lot which will serve as ground transportation hub. During the Games, only authorized vehicles or cars with permits are allowed to be on the roads and streets near competition venues. If visitors come to PyeongChang with their own car...

Two South Korean football clubs were fined Wednesday over fan violence that occurred earlier this month. The K League, operator of South Korea's pro football league, meted out a 7 million won ($6,290) fine for Incheon United and 5 million won fine for Jeonnam Dragons for the incident that happened at Gwangyang Football Stadium in Gwangyang, South Jeolla Province, on Nov. 5. After the match ende...

The Cultural Heritage Administration said Wednesday that there is no immediate damage detected to historic buildings and artifacts in Gyeongju, a city adjacent to earthquake-struck Pohang. A series of quakes as big as magnitude 5.4 hit the southeastern port city of Pohang on Wednesday afternoon. It was the second-biggest earthquake that hit South Korea in recent history. Last year, a magnitude 5...

TOKYO -- South Korea will start a hard-throwing right-hander against Japan to open an inaugural baseball tournament this week. South Korean manager Sun Dong-yol on Wednesday announced Jang Hyun-sik as the starter against Japan in Thursday's opening game of the Asia Professional Baseball Championship at Tokyo Dome. The event features professional players from South Korea, Japan and Chinese Taipe...

South Korean stocks extended a fifth-day losing streak Wednesday as upward momentum faded after enjoying a sharp rally and investors grew cautious over economic uncertainties at home and abroad. The Korean won rose against the greenback. The benchmark Korea Composite Stock Price Index dropped 8.38 points, or 0.33 percent, to close at 2,518.26. Trade volume was moderate as 394.23 million shares w...

South Korean tech giants said Wednesday no damage has been reported at production plants following the magnitude 5.4 earthquake which struck the southeastern city of Pohang earlier in the day. The quake occurred at around 2:29 p.m. some 9 kilometers north of Pohang, the Korea Meteorological Administration said. The quake was felt across the nation, including Seoul about 370 km away from the port...

Nuclear reactors located on South Korea's southeastern coast were not affected by a series of strong earthquakes that hit the nearby city of Pohang on Wednesday, the state nuclear operator said. The magnitude 5.4 quake hit north of Pohang, located 370 kilometers southeast of Seoul, at around 2:29 p.m., the state weather agency said. Korea Hydro & Nuclear Power said the six nuclear reactors in G...

PYEONGCHANG, South Korea -- The organizers of the 2018 PyeongChang Winter Games said Wednesday that competition venues will become even more accessible once new railways for bullet trains officially open next month. Yeo Hyung-koo, secretary general of the PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games, said high speed train operation is just around the corner, ...