A passenger jet of Asiana Airlines Inc. departing from Japan has flown back due to a landing gear problem, causing an around eight-hour flight delay, the company said Saturday. The A350 plane bound for Incheon International Airport, west of Seoul, took off from Fukuoka Airport at 11:28 a.m.
Samsung Electronics placed 12th on the list of the top 500 global companies, U.S. business magazine, Fortune, disclosed on July 13, which is the highest standing ever achieved by the tech giant of South KoreaAccording to Yonhap News Agency of Korea today, Samsung Eelctronics first entered Fortune
The workers and management of Hyundai Motors on July 20 agreed to a wage settlement for this year, marking the quickest deal in eight years. Under this agreement, the basic wage will increase by 45,000 won (US$40), with extra bonuses, according to the company. It also included ways to adjust work sh
Prime Minister Lee Nak-yon called for greater economic and business cooperation with Kenya stating that tremendous synergy can be made by the two countries if Kenya's rich resources and Korea's technology are combined. This was reported by Yonhap in Seoul this morningLee made the remarks at
President Moon Jae-in on Friday pledged to guarantee the independence of the National Intelligence Service (NIS) and help the agency stay free from politics."I certainly promise that the government will never use the NIS for political purposes," Moon said after receiving a report from the spy agen
South Korean Foreign Minister Kang Kyung-wha said Friday she seeks to ensure North Korea delivers on its promise to dismantle its nuclear weapons program.Kang was in New York to meet with U.S. Secretary of State Mike Pompeo and member states of the U.N. Security Council over the latest developments
A Seoul court on Friday sentenced former President Park Geun-hye to eight years in prison for illegally taking off-book funds from the state spy agency and interfering in elections during her term in office.Televised live, the Seoul Central District Court meted out the guilty verdict to the 66-year-
The Seoul Central District Court (Presiding Judge Sung Chang-ho) ruled today (July 20, 2018) that former President Park Geun-hye was not guilty of charges brought against her for alleged involvement in unauthorized use of the Special Operations Fund provided to her by the Central Intelligence Agency
Friday, July 20, 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.Newly tapped conservative leader attacks Moon govt, ruling camp The political area in Korea has for
LG Chemical is building a second battery factory with an output capacity of car batteries enough for 530,000 high performance pure electric cars in Nanjing, China.Construction of the plant will begin in October this year and commercial production will begin in October the next year. It is planning t
The political area in Korea has for some time been ‘without an opposition political leader.’ More accurately, the conservative political camp in Korea is literally ‘dead’ as the conservatives have lost their face following the detention of the publicly discredited former President Madam Park Geun-hy
China has resumed supply of fertilizers and food to North Korea and drastically increased oil shipment to the country following Chairman Kim Jong Un’s visit to Beijing last month. This was recently reported by Korean-language daily Chosun Ilbo and other Korean media published in Seoul.According to t
U.S. President Donald Trump said Thursday that he looks forward to meeting with Russian President Vladimir Putin a second time to continue their work on North Korea and other global issues.Trump and Putin held their first summit in Helsinki this week amid tensions over alleged Russian meddling in th
Thursday, July 19, 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.‘India’s basic science, technology with Korea’s applied technology and hardware, will lead Global
President Moon Jae-in of Korea and Prime Minister Shri Narendra Modi of India stated, “We reaffirmed our mutual desire to further strengthen the ROK-India ‘Special Strategic Partnership’ built on the foundations of deep-rooted historical and cultural bonds, and based on shared universal values of de
Business lobbies in South Korea and other major economies have called on the leaders of the Group of 20 (G20) to take action to stop the spread of protectionism, a local organization said Thursday.The Global Business Coalition (GBC) made the call in a statement issued ahead of the G20 meeting of fin
A bipartisan group of leading South Korean lawmakers met with members of the U.S. Congress Wednesday to discuss cooperation on North Korea and trade.The five-member delegation, led by Rep. Hong Young-pyo, floor leader of the ruling Democratic Party, arrived in Washington earlier in the day to push S
North Korean leader Kim Jong-un has called in his ambassadors and heads of other overseas missions to Pyongyang, sources said Thursday.The heads of the North's embassies and other missions were brought in for what is presumed to be an ambassadorial meeting, according to the sources.It has not be
By Editor Kim Jung-mi with Reporters Kim Sua and Hillary Kang“If India’s world-class basic science and software technology are combined with Korea’s applied technology and hardware, the two countries will be able to lead the era of the Fourth Industrial Revolution,’ emphasized President Moon Jae-in
By Publisher Lee Kyung-sik with Editor Kim Jung-mi, Reporter Sua KimPresident Moon Jae-in said, “We reached an agreement to further expand economic cooperation by making the most of the two nations' complementary economic structures and potential for cooperation.”Then he said: “Many Korean compa