Creditors of cash-strapped Daewoo Shipbuilding & Marine Engineering Co. are set to inject fresh funds into the embattled shipyard next week, later than earlier scheduled, due to the delay in the debt rescheduling scheme, industry sources said Wednesday.According to the sources, the state-run Korea D
The daughter of former President Park Geun-hye's close friend was arrested on a plane to South Korea on Wednesday in connection with a massive corruption scandal.Chung Yoo-ra, the 21-year-old daughter of Choi Soon-sil, was arrested by prosecutors on the flight from Amsterdam to Seoul after being
South Korean Defense Minister Han Min-koo held a series of meetings Monday with visiting U.S. lawmakers, during which they reaffirmed a robust alliance, his ministry said.Han met with Rep. Mac Thornberry (R-TX), the chairman of the House Armed Services Committee, and Sen. Cory Gardner (R-CO), head o
Top nuclear envoys of South Korea, the United States and Japan strongly condemned North Korea's latest missile test Monday, vowing to maintain close cooperation and seek stern action against Pyongyang's "reckless" and "continued" provocations, the foreign ministry said.Kim Hong-kyun, spe
President Moon Jae-in on Monday asked for understanding over a controversy surrounding his prime minister nominee amid repeated demands for his apology from opposition parties."I ask for people's and opposition lawmakers' understanding in that the ongoing controversy over nominations has be
President Moon Jae-in said, “Starting today, I will become the President for everyone. Even those who did not support me are my people, and I will serve them all alike. I dare to make a promise. This day, May 10, 2017, will go down in history as the beginning of the genuine unity of the people.”Spea
President Moon Jae-in has recently ordered a sweeping reform in the use of the Confidential Fund in the government, which is official called a ‘Special Activity Fund.’ Moon started carrying out the move beginning with his own office of Cheong WaDae. He ordered the saving of 5.3 billion won from the
National Intelligence Service (NIS) director-nominee Suh Hoon said Monday that if appointed he will try to completely insulate the spy agency from domestic politics as pledged by President Moon Jae-in."The NIS is not an organization designed to protect any political power," Suh told a confirmation
The daughter of former President Park Geun-hye's close friend has been booked on a flight to Seoul this week after avoiding the prosecution's summons for months, a local news channel reported Monday.Chung Yoo-ra, the 21-year-old daughter of Choi Soon-sil, has been held at a detention center
U.S. President Donald Trump has been briefed on North Korea's latest missile launch, a White House official said Sunday."The United States government is aware. The president has been briefed," the unidentified National Security Council official said, according to White House pool reports.South
President Moon Jae-in's special envoy to the 10-member Association of Southeast Asian Nations (ASEAN) said Friday that leaders of the regional bloc voiced support for South Korea's policy for the North's denuclearization. Seoul Mayor Park Won-soon, the special envoy, made the rem
The National Assembly failed Friday to adopt a report on the results of its confirmation hearing for Prime Minister-nominee Lee Nak-yon amid a dispute over allegations against his family. During the two-day hearing that ended Thursday, the former lawmaker and provincial governor was g
President Moon Jae-in's office offered an apology over alleged irregularities of nominees for top government posts Friday.The apology came as the main opposition parties refused to endorse a joint report on the outcome of a recent confirmation hearing for Prime Minister nominee Lee Nak-yon.
President Moon Jae-in on Friday asked the incumbent Cabinet members to help him run his new administration at least until he finds their replacements.The president's request to the ministers appointed by his ousted predecessor Park Geun-hye came at a lunch at the presidential office Cheong Wa Da
Ecuador President Lenin Moreno has invited President Moon Jae-in to visit his country as he called for an increase in bilateral economic cooperation, Moon's special envoy to Ecuador said Friday.Rep. Park Young-sun of the ruling Democratic Party met with Moreno earlier as a presidential envoy and
Prime Minister-nominee Lee Nak-yon was grilled Thursday over his policy orientations, leadership credentials and ethical issues during the last session of the two-day parliamentary confirmation hearing.Opposition lawmakers bombarded him with pointed questions about allegations against his family mem
U.S. President Donald Trump has approved a four-point policy plan on North Korea revolving around using "every possible pressure" while looking for a diplomatic solution, a South Korean lawmaker said Thursday.A bipartisan group of South Korean politicians met with Joseph Yun, the U.S. special repr
President Moon Jae-in on Thursday broke the mold of the top presidential secretariat meeting, telling his aides to stop wasting time taking notes of his remarks and feel free to challenge his views.Presiding over a meeting of his senior secretaries for the first time since his inauguration two weeks
President Moon Jae-in on Thursday directed his secretariat to slash funds for special presidential activities to support job creation and marginalized citizens, his office said.Lee Joung-do, Moon's secretary for general affairs, said that the president would also use his own money for family mea
The top American military commander in South Korea said Thursday a series of North Korean provocations means the allies should put more pressure on the communist nation.He cited the North's continued ballistic missile launches, nuclear test preparations and cyber activities.These "indicate a ve