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Blow to South Korean carmakers as Kia loses landmark wage dispute

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SEOUL South Korea's Kia Motors said it expects to pay about 1 trillion won (686.67 million pounds) in additional wages and would post a third-quarter operating loss after a court ruled in favour of workers in a landmark labour dispute on Thursday.

Blow to South Korean carmakers as Kia loses landmark wage dispute

SEOUL South Korea's Kia Motors said it expects to pay about 1 trillion won ($887.11 million) in additional wages and would post a third-quarter operating loss after a court ruled in favor of workers in a landmark labor dispute on Thursday.

3:02am EDT

Trump plans to name former Bush staffer Cha as Seoul envoy

WASHINGTON The Trump administration plans to name a Washington-based academic and former White House official, Victor Cha, as the next U.S. ambassador to South Korea, an administration official said on Tuesday.

Politics, Election 2016, Aug 29 2017

South Korea's LG Electronics bid for ZKW in estimated $1.2 billion deal: Korea Economic Daily

SEOUL South Korea's LG Electronics participated in a main bidding round to buy Austrian automotive light maker ZKW Group in a deal that could potentially fetch $1.2 billion, Korea Economic Daily said on Tuesday.

Deals, Tech, Aug 29 2017

North Korea tests short-range missiles as South Korea, U.S. conduct drills

SEOUL/WASHINGTON North Korea fired several short-range missiles into the sea off its east coast early on Saturday, South Korea and the U.S. military said, as the two allies conducted annual joint military drills that the North denounces as preparation for war. | Video

South Korea's CJ buys Brazil soy protein maker from Chile's Corpesca

SAO PAULO Brazilian soy protein maker Selecta said its owners had sold a 90 percent stake to South Korea's CJ CheilJedang Corp for 450 million reais ($143 million).

Deals, Brazil, Aug 25 2017

Supporters of ousted South Korea leader outraged over jail for Samsung chief

SEOUL Hundreds of diehard supporters of ousted South Korean President Park Geun-hye reacted with outrage on Friday after Samsung Group leader Jay Y. Lee was found guilty of bribing Park, and they vowed to fight on against what they see as injustice.

World, Tech, Aug 25 2017

Downfall of ex-Samsung strategy chief leaves 'salarymen' disillusioned

SEOUL Over four decades, Choi Gee-sung, the fourth son of a poor civil servant, worked his way to the top of South Korea's Samsung Group, one of the world's leading business empires, inspiring a legion of salaried workers.

Tech, World, Aug 25 2017

Russian nuclear bombers fly near North Korea in rare show of force

MOSCOW Russian nuclear-capable strategic bombers have flown a rare mission around the Korean peninsula at the same time as the United States and South Korea conduct joint military exercises that have infuriated Pyongyang.

World, Russia, Aug 25 2017

China's Xi pledges to address differences with South Korea: Xinhua

BEIJING China's President Xi Jinping pledged to make concerted efforts with South Korea's President Moon Jae-in to address differences between the two countries properly, the official Xinhua news agency said on Thursday.

World, China, Aug 24 2017
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U.S. bombers drill over Korean peninsula after latest North Korea launch

SEOUL/TOKYO South Korean and Japanese jets joined exercises with two supersonic U.S. B-1B bombers above and near the Korean peninsula on Thursday, two days after North Korea fired a missile over Japan, sharply raising tension. | Video