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- Hyundai profit slips as sales rise
SEOUL - South Korea's Hyundai Motor Co. said Thursday that its second-quarter net profit declined despite a gain in sales, and vowed to fight high oil prices by aggressively exporting more fuel efficient vehicles. Hyundai earned 546.93-billion won
- S.Korea vice fin min: premature to say oil peaked
SEOUL, July 24 (Reuters) - It is premature to say the recent steep decline in international oil prices means oil prices have peaked, South Korean Vice Finance Minister Kim Dong-soo said on Thursday. Kim also said during an interview with state-run KBS
- UPDATE 1-S.Korea says premature to say oil has peaked
SEOUL, July 24 (Reuters) - It is premature to say a steep fall in international oil prices this month means they have peaked, South Korean Vice Finance Minister Kim Dong-soo said on Thursday. 'We can't be sure of which direction (the oil price is heading
- South Korean chipmaker Hynix to close US plant - Summary
Seoul - The South Korean semiconductor manufacturer Hynix plans to close a factory in the US state of Oregon by the end of September because of a steep decline in the price of memory chips, the company said Thursday. More than 1,200 jobs would be
- N Korea threatens S Korea with ''tougher counter-measures''
SEOUL: North Korea on Thursday threatened unspecified 'tougher counter-measures' after South Korea's defence minister labelled the communist state as an enemy, which threatened national security. 'We will never pardon the thoughtless remarks and will
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Following World War II, Korea was split into a northern, communist half and a southern, Western-oriented half. KIM Chong-il has ruled North Korea since his father and the country's founder, president KIM Il-song, died in 1994. After decades of mismanagement, the North relies heavily on international food aid to feed its population, while continuing to expend resources to maintain an army of about 1 million. North Korea's long-range missile development and research into nuclear and chemical weapons are of major concern to the international community.
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North Korea's reclusive communist regime, long seen as a nuclear threat to the region, signed a nonaggression pact with Southeast Asian nations Thursday.
Reuters - Asia-Pacific nations on Thursday
called for greater coordination in dealing with natural
disasters, including deploying military resources, in a region
prone to earthquakes, cyclones and tsunamis.
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