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South Korea

South Korean filmmaker hopeful Olympics will improve ties with North


BERLIN South Korean filmmaker Kim Ki-duk said on Saturday he hoped for an improvement in relations between North and South Korea given both countries were taking part in the Olympics on the southern part of the peninsula.

South Korea official floats idea of co-hosting Asian Games with North

PYEONGCHANG, South Korea A South Korean province is considering a proposal to co-host the 2021 Asian Winter Games with North Korea in a bid to strengthen inter-Korean ties, South Korea's Yonhap News Agency said on Saturday, quoting provincial governor Choi Moon-soon.

Lost in translation? GM plant shutdown shocks South Korea

SEOUL Only weeks into a new job heading General Motors Co's international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM's loss-making local unit. | Video

Feb 16 2018

Seadrill close to restructuring deal with bondholders -sources

OSLO/WILMINGTON, Delaware Seadrill's main owner, billionaire John Fredriksen, is close to a deal with unsecured bondholders and South Korean shipyards on a restructuring plan for the rig operator, sources familiar with the talks said on Thursday.

Feb 15 2018

Electric airplane start-up Eviation aims to enter service in 2021 after battery deal

SINGAPORE Electric airplane start-up Eviation Aircraft Ltd is aiming for its 9-seat commuter aircraft to be flying passengers by 2021 after signing up South Korea's Kokam as its battery supplier, the Israeli company's chief executive said on Thursday.

Aerospace & Defense Feb 15 2018

Moon's chief of staff takes center stage in inter-Korean detente

SEOUL In 1989, a 22-year-old South Korean student caused an uproar when she sneaked into North Korea and was filmed advocating for unification and meeting then leader Kim Il Sung.

South Korea union says GM plant closure is 'death sentence', threatens strike

GUNSAN/SEOUL General Motors' workers at a South Korean plant staged a protest on Wednesday against its planned closure, calling the move by the U.S. automaker a "death sentence", and threatening a strike. | Video

Feb 14 2018

GM Korea offers workers three times annual wage, tuition fees for redundancy

SEOUL General Motors' South Korean unit is offering workers three times their annual base salary, money for college tuition and more than $9,000 towards a new car as part of a voluntary redundancy plan at the troubled automaker.

Feb 14 2018

Arrest of Lotte chairman sparks fears of leadership vacuum, shares tumble

SEOUL The shock arrest of the head of South Korea's Lotte for bribery sent shares in group firms plunging on Wednesday as investors fretted about a leadership vacuum at a challenging time for the country's fifth-largest conglomerate.

Feb 14 2018

South Korea approves record $2.6 million budget for North Koreans' Olympic visit

SEOUL South Korea approved on Wednesday the use of a record 2.86 billion won ($2.64 million) to bankroll the cost of hosting hundreds of visiting North Koreans during the Pyeongchang Winter Olympics.


U.S. charges Russians with 2016 U.S. election tampering to boost Trump

WASHINGTON A Russian propaganda arm oversaw a criminal and espionage conspiracy to tamper in the 2016 U.S. presidential campaign to support Donald Trump and disparage Hillary Clinton, said an indictment released on Friday that revealed more details than previously known about Moscow's purported effort to interfere. | Video