SEOUL, Jan. 30 (Yonhap) -- The global memory chip market is expected to grow at an annual rate of 7.3 percent till 2021, on the back of solid demand and higher prices, data showed Monday.The global market size for DRAM and NAND flash is forecast to reach US$109.9 billion in 2021, up from last year&#

SEOUL, Jan. 30 (Yonhap) -- Former U.N. Secretary-General Ban Ki-moon can hold public office in South Korea, as long as his work does not put the international organization or its member states "at a disadvantage," a local report said Monday.The report by the National Assembly Research Service (NAR

SEOUL, Jan. 30 (Yonhap) -- South Korea's Acting President and Prime Minister Hwang Kyo-ahn held telephone talks with U.S. President Donald Trump on Monday morning for the first time since the latter took office earlier this month, officials here said.Hwang and Trump were expected to discuss ways

SEOUL, Jan. 30 (Yonhap) -- North Korea is employing land-based sensors along its border with China to detect people trying to flee the country, sources in Seoul said Monday.Insiders familiar with the reclusive country told Yonhap News Agency that the North's national security agency has set up u

SEOUL, Jan. 30 (Yonhap) -- South Korea's top 10 conglomerates by assets take up over half of the country's stock market capitalization, data showed Monday, pointing to their huge clout in Asia's fourth-largest economy.According to the data by corporate tracker Chaebul.com, listed subsidi

Jan. 301954 -- The United Nations Educational, Scientific and Cultural Organization (UNESCO) launches its Korean committee. 1967 -- The Korea Exchange Bank is founded.1974 -- South Korea and Japan sign an agreement on the zoning of their continental shelves.1992 -- North Korea signs the nuclear safe

SEOUL, Jan. 29 (Yonhap) -- South Korea's cosmetics industry saw its exports rise by more than 40 percent last year in large part thanks to Chinese consumers' bigger spending power and their increasing interests in grooming and beauty products, industry experts said Sunday.According to data f

SEOUL, Jan. 29 (Yonhap) -- The independent probe team that is looking into the influence-peddling and corruption scandal involving President Park Geun-hye and her friend is likely to seek an arrest warrant again for Lee Jae-yong, sources said Sunday.The team, led by Special Counsel Park Young-soo, i

Beijing, Jan. 29 (Yonhap) -- Less Chinese tourists opted for Korea as a travel destination during the long Lunar New Year Holiday this year, Chinese media and travel agencies said Sunday.While as many as six million Chinese have gone or will go overseas during the holiday season from Jan. 27 to Feb.

SEOUL, Jan. 29 (Yonhap) -- South Korea's Acting President and Prime Minister Hwang Kyo-ahn will have a phone conversation with U.S. President Donald Trump on Sunday (Washington time), a news agency reported. Citing the White House statement, Reuters reported President Trump "will

SEOUL, Jan. 27 (Yonhap) -- Samsung Electronics Co. saw its earnings overwhelm other South Korean companies in 2016, data showed Friday, expanding its presence in the country's economy.The South Korean tech giant posted sales and operating profit of 201 trillion won (US$172 billion) and 29.2 tril

SEOUL, Jan. 27 (Yonhap) -- South Korea's defense ministry said Friday the pledges made by presidential hopefuls to reduce the mandatory service period in the military and abolishing the conscription system lack viability.As South Korea is still technically at war with the North, all able-bodied

DAEJEON/TOKYO, Jan. 26 (Yonhap) -- A local court on Thursday ordered an ancient Buddhist statue, stolen from a Japanese temple in 2012, to be handed over to a temple in Seosan on South Korea's west coast that has claimed ownership.The Daejeon District Court ruled in favor of Buseok Temple, which

Governor Kim Kwan-yong of the Gyeongsangbuk-do Province and Mayor Choi Yang-sik of the Gyeongju City are making an all-out effort to attain another great success of the Gyeongju Culture Expo--this time in Vietnam. This was disclosed at a recent interview with Chief Director Young Lee of the Internat

SEOUL, Jan. 24 (Yonhap) -- The air forces of South Korea and the United States are conducting a two-week joint military drill to hone their skills on rescuing downed pilots in enemy territory, the military said Tuesday.The biannual drill comes amid growing threats from North Korea. In his New Year&#

SEOUL, Jan. 24 (Yonhap) -- South Korea needs to introduce a tax incentive regime for revenues from intellectual property rights (IPRs) to attract foreign direct investment, a think tank said Tuesday."South Korea should adopt the patent box regime to survive the (international) corporate tax reducti

SEOUL, Jan. 24 (Yonhap) -- The average starting salary of employees of public financial firms has reached nearly 40 million won (US$34,000), data showed Tuesday.On average, recruits of 11 financial firms under the control of the government earned 39.85 million won a year as of 2015, according to dat

SEOUL, Jan. 24 (Yonhap) -- The use of 50,000 won (US$42.85) denominated banknotes has become more widespread, replacing smaller 10,000 won bills, central bank data showed Tuesday.According to the Bank of Korea (BOK), the circulation of 10,000 won banknotes at the end of last year was 16.24 trillion

SEOUL, Jan. 24 (Yonhap) -- Popular augmented reality (AR) game "Pokemon Go" was officially released in South Korea on Tuesday, six months after becoming a global hit with millions of downloads.Users can download the Pokemon Go official application from Google Play store and Apple's App store,

SEOUL, Jan. 23 (Yonhap) -- SK Holdings Co., the holding firm of energy and telecom conglomerate SK Group, said Monday that it has decided to buy a controlling stake in LG Siltron Co., a local producer of wafers used in semiconductor manufacturing, for 620 billion won (US$532 million), as part of eff