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North Korea says will stop nuclear tests, scrap test site

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SEOUL North Korea said on Saturday it would immediately suspend nuclear and missile tests, scrap its nuclear test site and instead pursue economic growth and peace, ahead of planned summits with South Korea and the United States. | Video

South Koreans skeptical of North Korea's promises; want to see proof

SEOUL North Korea's announcement of a halt in its nuclear and missile tests was met with scepticism by many South Koreans on Saturday, highlighting political risk for the South's president as he embarks on the latest push for peace on the peninsula.

GM Korea delays vote on bankruptcy protection to Monday as talks fail

SEOUL/DETROIT General Motors' South Korean unit delayed a decision to file for bankruptcy protection until Monday afternoon, after the automaker failed to reach a wage deal with its labor union in time to meet a Friday deadline.

Apr 20 2018

South Korea's antitrust chief says expects change in Samsung governance 'in near future'

SEOUL South Korea's antitrust chief on Friday said he expects Samsung Group to unravel its governance structure in the near future, as the government and investors call for reform of the country's powerful family-controlled conglomerates, or chaebols.

Apr 20 2018

Person to person: North and South Korea get neighbourly with direct hot line

SEOUL Diplomatic foes North and South Korea installed a direct phone line between their leaders on Friday as they prepare for the first summit since 2007 - and the connection was great, the South's presidential office said.

World, Apr 20 2018

As GM mulls options for unit, how does bankruptcy work in South Korea?

SEOUL General Motors has said its loss-making South Korean operation would file for bankruptcy if its union failed to agree to cut labour costs by Friday, heaping pressure on workers and the South Korean government to approve a rescue plan.

Apr 19 2018

North Korea seeks 'complete denuclearization,' Moon says; U.S. vows pressure

SEOUL/WASHINGTON North Korea has expressed its commitment to "complete denuclearization" of the Korean peninsula and has not attached conditions, South Korea's president said on Thursday, but Washington remains wary and has vowed to maintain "maximum pressure" on Pyongyang. | Video

World, North Korea Apr 19 2018

Nobel winner ICAN welcomes Trump-Kim meeting but decries macho threats

GENEVA Nuclear talks between the United States and North Korea are welcome, but the bullying and threats that led up to them were reckless and it is South Korea that should get credit, the Nobel Prize winning anti-nuclear campaign group ICAN said on Thursday.

GM Korea, union fail to reach agreement before Friday deadline

SEOUL Wage talks between General Motors' South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company had set for filing for bankruptcy.

Apr 19 2018

South Korea's Moon says North seeking 'complete denuclearization'

SEOUL North Korea has expressed its desire for "complete denuclearization" of the Korean peninsula and is not seeking conditions such as U.S. troops withdrawing from the South first, South Korean President Moon Jae-in said on Thursday.

World, North Korea Apr 19 2018