South Korea's non-life insurers suffered a near 28 percent tumble in third-quarter earnings due to a rise in their loss ratio, data showed Tuesday.The combined net profit of nine non-life insurance firms came to 502.1 billion won (US$431 million) in the July-September period, down 27.8 percent f
The United States appears to be reviewing various options for the success of denuclearization negotiations with North Korea, Seoul's unification minister said Monday.Kim Yeon-chul made the remark to reporters after meeting with U.S. Special Representative for North Korea Stephen Biegun in Washin
North Korea said Tuesday it has no interest in denuclearization negotiations with the United States unless Washington drops its "hostile" policy.Kim Yong-chol, who formerly led the negotiations as U.S. Secretary of State Mike Pompeo's counterpart, issued the statement in response to Sunday'
Monday, November 18, 2019 Round-up of important news from major Korean dailies and from international media todayThe Korea Post (http://www.koreapost.com/)Trump urges N.K. leader to 'act quickly,' 'get deal done'U.S. President Donald Trump urged North Korean leader Kim Jong-un on Sun
The pace of the fall in DRAM prices is expected to slow down in the fourth quarter on a gradual recovery in global demand, a report showed Saturday.The average sales prices of DRAM are anticipated to shrink 5 percent in the October-December period compared with a year ago, according to industry trac
Samsung Electronics Co.'s first labor union under a major South Korean umbrella union group set sail Saturday.The union, under the Federation of Korean Trade Unions (FKTU), submitted a labor union establishment application to the government Monday and earned the approval two days later.
BMW Group Korea said Sunday it will strengthen its electrified vehicle lineup to revive sales in line with the German automotive group's broad environment-friendly vehicle strategy.BMW has recently announced its plan to release 25 zero-emission and less-emitting vehicles by 2025.
U.S. President Donald Trump urged North Korean leader Kim Jong-un on Sunday to "act quickly" and reach a deal with him on dismantling the regime's nuclear weapons program.Trump's tweet came as denuclearization negotiations between Washington and Pyongyang have stalled since the two leaders
By Industry Editor Sung Jung-wook “The Taihan Electric Wire Co., Ltd. in Seoul is the ‘Power Lighting up the World’ as well as Korea,” said Public Relations Manager Ms. Dorak Park of the company at a recent interview at her office in Anyang, Gyeonggi Province.Speaking with The Korea Post media, publ
Friday, November 15, 2019 Round-up of important news from major Korean dailies and from international media today The Korea Post (http://www.koreapost.com/)N. Korea says it sent ultimatum to S. Korea over Mount Kumgang projectNorth Korea sent an ultimatum to South Korea earlier this week that it wil
Dongkuk Steel Mill Co., South Korea's third-largest steelmaker, said Thursday that its net losses widened in the third quarter from a year earlier due to losses from equity ties with a struggling Brazilian plant.Net loss for the July-September quarter deepened to 60.1 billion won (US$51 million)
Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, on Thursday reported a third-quarter net loss of 296.4 billion won (US$253 million) due to one-off costs.Daewoo Shipbuilding's net losses for the three months ending Sept. 30 narrowed from 323.9 billion won deficit a
Hyundai Merchant Marine Co., South Korea's biggest shipping company by sales, said Thursday its net losses narrowed in the third quarter from a year earlier due to a rise in sales.Net losses narrowed to 124.2 billion won (US$106 million) in the July-September period from 166.7 billion won a year
North Korea sent an ultimatum to South Korea earlier this week that it will unilaterally remove the South-built facilities from its Mount Kumgang resort unless Seoul tears them down on its own, Pyongyang's official news agency reported Friday.The North's tough stance suggests little room for
Thursday, November 14 2019 Round-up of important news from major Korean dailies and from international media todayThe Korea Post (http://www.koreapost.com/)S. Korea's export prices continue to drop in Oct.South Korea's export prices dropped for a second consecutive month in October due to th
South Korea's export prices dropped for a second consecutive month in October due to the strengthening of the Korean won against the U.S. dollar, central bank data showed Thursday.The export price index -- in terms of Korean won -- came to 99.04 in the month, down 1.9 percent a month earlier, ac
Hanwha Chemical Corp., a major chemical firm in South Korea, said Wednesday it swung to the black in the third quarter due to robust earnings in its photovoltaics business.Net profit for the July-September period stood at 111.5 billion won (US$ 95.4 million), turning from a loss of 34.7 billion won
Korea Electric Power Corp. (KEPCO), a South Korean state-run utility firm, said Wednesday its third-quarter net profit more than halved from a year earlier on decreased electricity sales.Net profit for the three months ending Sept. 30 stood at 241.1 billion won (US$ 206.4 million) on a consolidated
U.S. Defense Secretary Mark Esper said Wednesday that he is open to altering military activity in South Korea if it helps diplomatic efforts to denuclearize North Korea.Esper made the remark to reporters flying with him to Seoul, where he is due to hold annual defense talks with Defense Minister Jeo
Wednesday, November 13, 2019 Round-up of important news from major Korean dailies and from international media todayThe Korea Post (http://www.koreapost.com/)Ending GSOMIA may send wrong security message: USFK chiefThe looming termination of the military information-sharing pact between South Korea