South Korea's stock market has plummeted nearly 6 percent since the first new coronavirus case was confirmed in the country, data showed Sunday, as the deadly virus is increasingly feared to pose downside risks to the global financial market and economic growth.The benchmark Korea Composite Stock Pr

Former presidential candidate Ahn Cheol-soo laid out visions for his new political party Sunday, claiming it will be different than existing parties plagued by irresponsibility."The new party I am about to create won't be like any other party that's out there," said Ahn, who recently defected from a

South Korea said Sunday it will bar foreigners who have been in China's Hubei Province in the past two weeks from entering the country in a drastic measure to stem further spread of the new coronavirus here.The entry ban, which applies to all foreigners who have passed through Hubei since Jan. 21, w

The new coronavirus-triggered angst appears to be spilling over to the Korean corporate realm as the global supply chain is feared to face some disruptions amid the rapid spread of the novel coronavirus in China, industry watchers said Sunday.With the new coronavirus killing more than 300 people in

South Korea said Sunday it will attend a high-level meeting on a mega Asia-Pacific trade pact this week as part of its efforts to expand its trade network around the globe.During the two-day meeting that kicks off in Bali, Indonesia, on Monday, the participants will set a detailed timeline of the Re

The rapid spread of the novel coronavirus is expected to weigh on South Korea's economy unless the epidemic is contained swiftly, Finance Minister Hong Nam-ki said Monday.The coronavirus epidemic has had a limited impact on the Korean economy so far, but it is difficult to determine how the virus wi

South Korea enjoyed a surplus of US$71.5 billion in trade with free trade agreement (FTAs) partners in 2019, data showed Thursday.The country suffered a deficit of $32.4 billion from trade with non-FTA partners, according to the data compiled by the Korea Customs Service. Last year, South Korea post

President Moon Jae-in assured South Korean people Thursday that his government will take every necessary measure to contain the outbreak of a new deadly coronavirus and threatened strict steps against related fake news."There can be no compromise on the safety of the people," he said in televised re

North Korea's decommissioned nuclear test site in Punggye-ri shows signs of routine security patrols, a U.S. monitor said Wednesday.In commercial satellite imagery from Jan. 17, footpaths and vehicle tracks were visible in the snow around the portal areas and at the main administrative support area,

Kim Ji-young, CEO of Daolglobal, which delivers Korea’s “beauty” to the world, said she wants to spread Korea’s unique gorgeous to global. DaolGlobal hopes to go beyond simple overseas trade to create a platform for Korean culture to be exchanged more actively with the world. Kim Ji-young has been w

South Korea's chief nuclear envoy, Lee Do-hoon, embarked on a trip to Europe on Wednesday for talks with senior officials there over ongoing efforts for denuclearization and a lasting peace on the Korean Peninsula, Seoul officials said.Lee's trip to Belgium and Germany came as Seoul has been strivin

North Korea's satellite launching site shows no signs of preparations for a rocket launch or engine test, a U.S. monitor said Wednesday.Commercial satellite imagery on Dec. 23 of the Sohae satellite launching station, also known as the Dongchang-ri site, showed efforts to clear snow off roads, inclu

Residents of two central South Korean towns, formally picked Wednesday to house South Korean nationals evacuated from Wuhan, China, this week, are strongly protesting the government's decision as a threat to their health.The government said it will send about 700 South Korean nationals arriving from

South Korea's top internet portal operator Naver Corp. said Thursday that its net profit plunged 36.8 percent in 2019 from a year earlier because of heavy outlays in new business sectors.Net profit reached 396.8 billion won (US$337.1 million), compared with 636.4 billion won tallied in the previous

President Moon Jae-in conferred "samjeonggeom" swords on a total of 77 newly appointed brigadier generals Wednesday, ordering them to do their best to ensure South Korea's firm defense posture."Security is very important in our society. Therefore, assuming the post of generals, who command troops, m

Increasing cases of infection from a new pneumonia-causing coronavirus in China has compelled the provincial government on South Korea's largest island of Jeju to reconsider its implementation of a visa-free program for foreign visitors, including those from China, provincial officials said Wednesda

Chartered flights for the planned evacuation of South Korean nationals from the coronavirus-hit Chinese city of Wuhan have been put off till at least later in the evening, a foreign ministry official said Thursday.Two Korean Air planes were scheduled to take off at 10 a.m. and at noon, respectively,

Ulsan Mayor Song Cheol-ho was indicted Wednesday on charges of violating election law, as the prosecution's probe into a 2018 election-meddling scandal involving Cheong Wa Dae is apparently drawing to a close.Several former Cheong Wa Dae officials were also indicted for their alleged involvement in

Samsung Electronics Co. said Thursday its fourth-quarter net profit dropped 38.2 percent compared with a year ago as an extended slump in the memory chip sector weighed on its bottom line.The world's leading memory chip and smartphone manufacturer said its net income stood at 5.23 trillion won (US$4

글로벌 패션 전문기업 한세실업(대표 김익환)이 지난 11일(현지시간) 미얀마에서 추가 생산 법인 착공식을 성료했다고 밝혔다.이번 미얀마 생산 법인 착공식은 띨라와 경제 특구(Thilawa Special Economic Zone) 내 공장 건설 예정 부지에서 진행됐다. 설립 규모는 84,248㎡로 총 6개 동이 건설된다. 이날 행사에는 문양원 한세실업 동남아 총괄 본부장, 조성재 한세실업 미얀마 법인장과 전성호 재미얀마한인회 회장 등 60여 명의 관계자들이 참석했다. 뿐만 아니라 일본과 유럽 패션업계 바이어들도 참석해 한세실업에 대한