SEOUL, June 18 (Reuters) - Korea Express Co Ltd (000120.KS), the country's top logistics company, said on Wednesday it had signed a deal to hand its 40 percent stake in a local joint venture to United Parcel Service Inc (UPS.N).
It did not disclose the value of the transaction.
Atlanta-based UPS had owned 60 percent of UPS-Korea Express, launched in 1996.
(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)
KAILUA, Hawaii (Reuters) - A wing of al Qaeda claimed responsibility on Monday for a failed Christmas Day attack on a U.S.-bound passenger plane and President Barack Obama vowed to bring "every element" of U.S. power against those who threaten Americans' safety. | Video
The U.S. is stepping up airline security measures following the Christmas bomb scare. Here's what you can expect. Full Article | Video
Is Iran's "iron fist of brutality" a new volatile phase aimed at crushing the refomist movement? Full Article | Video
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
