A South Korean medical team flew into in Laos on Sunday to assist with recovery efforts following the deadly flooding that resulted from the collapse of a dam that was under construction by a Korean builder.An emergency relief team composed of 15 medical personnel and five support staff arrived at P
North Korean athletes to compete in the upcoming Asian Games arrived here on Sunday for joint training with South Koreans.The delegation of 34 athletes and coaches landed at Incheon International Airport via Beijing. The Koreas will assemble unified teams in canoe's dragon boat racing, women'
South Korean commercial banks let go some 7,400 employees over the past three years while earning some 18 trillion won mainly by collecting interest on loans they provided to households and companies, market data showed Sunday.The numbers come amid rising criticism that local lenders are not doing t
President Moon Jae-in on Saturday eulogized the father of a student activist whose death sparked nationwide pro-democracy protests in the 1980s that led to a direct presidential election.Moon said Park Jung-ki, who died earlier in the day at age 89, had been with people who needed solidarity after h
A U.S. Air Force aircraft transported the remains of dozens of service members killed in the Korean War to South Korea from North Korea on Friday, a move expected to help reinvigorate a peace-building process.U.S. officials received the remains at an airport in the communist nation's eastern por
South Korean shares are expected to move in a limited range with little or no upward momentum amid lingering concerns over escalating trade tension between the United States and China, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,294.99 on Friday, up 0.2
Hyundai Steel Co., South Korea's second-biggest steelmaker by sales, said Friday its second-quarter net profit jumped 37 percent on robust sales of high-end products.Net profit for the April-June quarter jumped to 177 billion won (US$158 million) from 138.5 billion won a year earlier, the compan
Finance Minister Kim Dong-yeon on Friday called for an expansionary fiscal policy as South Korea's economic growth slowed in the second quarter on a decline in private investment and weaker consumption.Kim made the remarks during a parliamentary committee meeting, a day after the Bank of Korea s
South Korea will reduce the number of general-grade officers by about 17 percent over the next four years, in line with the overall troop drawdown scheme, as part of a new defense reform initiative aimed at creating a slimmer yet stronger military.The initiative also calls for launching the Ground O
A funeral service for late lawmaker Roh Hoe-chan was held Friday at the National Assembly with thousands in attendance, including legislators, family members and supporters, bidding their farewell to the iconic progressive politician.Parliamentary Speaker Moon Hee-sang hosted the service for the law
SK Group said Friday it has offered to donate US$10 million in relief aid to Laos over the deadly flooding resulting from the collapse of a dam being built by its construction unit in the Southeast Asian country.SK Group Chairman Chey Tae-won made the pledge in a meeting with the Laotian ambassador
Friday, July 27, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.Zein Motors plans to produce 3,000 electric trucks annually starting late this yearStarting late thi
Starting late this year, Zein Motors is planning to mass-produce electric freight trucks in Daegu, opening a new chapter in Korea’s freight transport. The electric truck is expected to fully meet drivers' needs and can revolutionize traditional heavy duty transport.Zein Motors hosted a ceremony
Governor Lee Mae-myung of the Gyeonggi Province is walking on a tight rope to the Office of the Governor. Since (and even before), Governor Lee was elected, there had been a number of scandals (portrayed here by bombs). The first bomb is (scandal of illicit love [or an illegal extramarital affair],
The Korean people have a time-honored wise-saying, “A cork-chasing dog helplessly looks in the sky.” As the expression suggests, a dog tries to catch a cock, but it flies away when the dog comes here. This traditional Korean proverb in this cartoon was obviously used in reference to a recent
Thursday, July 26, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.Pompeo: N. Korea continues to produce fissile materialNorth Korea continues to produce fissile mat
Since its establishment in 1996, Hiliving has been exerting all-out efforts to provide more consumers with high-quality products at a reasonable price.In an interview with CEO Seok-beom Kim of Hiliving, said, “Under the goal of contributing to advancement of distribution, we are striving to offer mo
The South Korean economy slowed down slightly in the second quarter from three months earlier due mainly to sluggish facility and construction investment, central bank data showed Thursday.In the April-June period, Asia's fourth-largest economy posted a 0.7 percent on-quarter gain, contracting f
Germany will provide support for the Korean Peninsula peace process moving forward on the basis of its own reunification experience, its top diplomat said Thursday."Germany was unified about 25 years ago, but its people are still reminded of the days before the unification when they see the status
North Korea continues to produce fissile material as part of its nuclear weapons program even as it makes progress toward denuclearization, U.S. Secretary of State Mike Pompeo said Wednesday.Pompeo was speaking to the Senate Foreign Relations Committee on U.S. President Donald Trump's recent sum