Ambassador Mark Lippert might stay on in Seoul for the time being as United States ambassador to Korea.This speculation was reported by Korean language dailies this morning.This came in the wake of cancellation by the US Embassy in Seoul of a scheduled meeting between Ambwassador Lippert and Korean

SEOUL, Jan. 6 (Yonhap) -- A state-backed ship financing firm will be established this month with initial capital of 1 trillion won (US$845 million) to help jack up the financial status of local shipping firms, a ministry said Friday.Under the plan, the firm will be given a total of 6.5 trillion won

SEOUL, Jan. 6 (Yonhap) -- Acting President and Prime Minister Hwang Kyo-ahn on Friday welcomed an opposition leader‘s proposal for talks with ruling and opposition party chiefs to discuss the economic and security challenges facing the country.Hwang has vowed to enhance cooperation with the National

SEOUL, Jan. 6 (Yonhap) -- South Korean shares opened higher Friday as investors cheered better-than-expected earnings forecasts by Samsung Electronics Co.The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.19 points, or 0.25 percent, to 2,047.14 in the first 15 minutes of trading.

SEOUL, Jan. 6 (Yonhap) -- South Korea's science ministry said Friday it will nurture key strategic industries through helping aspiring entrepreneurs and scientists cope with the fast-paced industrial transformation, dubbed the "fourth industrial revolution."In a policy plan briefing to Prime M

(ATTN: ADDS analysts' consensus, details in last 4 paras; RECASTS lead para)SEOUL, Jan. 6 (Yonhap) -- Samsung Electronics Co. predicted Friday that its fourth-quarter operating profit last year may have jumped about 50 percent on-year, beating market expectations as strong sales of chips and dis

SEOUL, Jan. 6 (Yonhap) -- South Korea will showcase a wide range of advanced technologies and products at the Consumer Electronics Show (CES) in Las Vegas, providing their Korean developers a chance to introduce their products to the rest of the world, a trade agency said Friday.The state-run Korea

WASHINGTON, Jan. 5 (Yonhap) -- The United States is improving "our nuclear and conventional deterrent capabilities" in the face of North Korea's nuclear and missile threats, U.S. Defense Secretary Ash Carter said Thursday.Carter made the remark in his "exit memo" before stepping down as defe

By Kim BoramSEJONG, Jan. 6 (Yonhap) -- The South Korean government is working on plans to deal with China's recent hostile actions against the Korean Wave and businesses in apparent retaliation for welcoming a U.S.-owned missile system, the finance minister said Friday."We see that such securit

SEOUL, Jan. 5 (Yonhap) – Foreign residents in the country should file year-end tax settlements in the coming few months, the National Tax Service said Thursday.Foreigners are required to settle year-end taxes between Jan. 15 and the end of February to receive income deductions and tax credits

SEOUL, Jan. 5 (Yonhap) -- Moon Jae-in, a potential presidential contender from the opposition bloc, said Thursday that he will shut down the domestic-affairs divisions of the country's spy agency, vowing to make the body focus only on international issues.Moon said he will restructure the Nation

(ATTN: CLARIFY last 3 paras; ADDS photo)SEOUL, Jan. 5 (Yonhap) -- South Korean opposition parties' bid to lower the minimum voting age before the next presidential election faces hurdles as a planned conservative splinter party on Thursday withdrew its support for the proposal.The opposition blo

SEOUL, Jan. 5 (Yonhap) --A Seoul court on Thursday began the official hearing on the close friend of President Park Geun-hye over an influence-peddling scandal that has led to the chief executive's impeachment.Choi Soon-sil, 60, appeared before the Seoul Central District Court as a defendant on

SEJONG, Jan. 5 (Yonhap) -- The South Korean economy's recovery momentum remained lukewarm in recent months as a protracted slump in private spending offset a rise in production and exports, a state-run think tank said Thursday."The Korean economy exhibited partial improvement in investment and

SEOUL, Jan. 5 (Yonhap) -- South Korean opposition parties' bid to lower the minimum voting age before the next presidential election faces hurdles as a planned conservative splinter party on Thursday withdrew its support for the proposal.The opposition bloc, led by the Democratic Party, seeks to

(ATTN: ADDS details in last 2 paras)SEOUL, Jan. 5 (Yonhap) -- South Korea's ruling Saenuri Party continued to suffer from an internal feud, as a newly named interim head demanded key loyalists of President Park Geun-hye leave by the end of this week, while an eight-term lawmaker refused to respo

(ATTN: UPDATES with prosecution's reaction in paras 6-7)INCHEON, Jan. 5 (Yonhap) --A 54-year-old employee at GM Korea Co. was found dead in an apparent suicide Thursday, police said, amid an ongoing investigation by state prosecutors into allegations that some company executives and members of i

SEOUL, Jan. 5 (Yonhap) --A local professor was questioned by special prosecutors Thursday over suspicions he was involved in giving undue favors to the jailed daughter of a woman at the center of South Korea's political scandal that led to President Park Geun-hye's impeachment.Professor Namk

The Korean daily media headlines and humorThursday, January 5, 2017 Your Excellency: Here are The Korea Post notices and around up of important headlines from all major Korean-language dailies, TV and other news media of Korea today: Very Respectfully Yours/s/Lee Kyung-sik Pub

SEOUL, Jan. 5 (Yonhap) -- South Korean President Park Geun-hye was again absent from her impeachment trial Thursday as the Constitutional Court proceeded to review the critical case.Park, whose presidential powers have been suspended pending the court's decision, was asked to appear to give test