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SEOUL, South Korea (AFP) — South Korean telecom giant Samsung Electronics on Friday flagged a 5.2 percent rise in second quarter operating profit from a year earlier, missing analyst estimates. Operating profit is expected to come to 14.8 trillion won ($13.2 billion) for the April-June period, higher than the 14.07 trillion won in the same period in 2017, but down from the record 15.64 trillion won of the previous quarter. The forecast came at the low end […]
SEOUL, South Korea (AFP) — A high-level South Korean delegation left for Pyongyang Tuesday with dozens of basketball players, as North Korean leader Kim Jong Un’s favourite sport becomes the latest effort at athletic diplomacy between the neighbours. Unification Minister Cho Myoung-gyon will lead the delegation of 50 male and female players, in the first visit to Pyongyang by an official from the South since Kim and US President Donald Trump’s landmark summit in Singapore last […]
SEOUL, South Korea (AFP)–South Korea’s LG Group on Friday welcomed the heir to its late patriarch as holding company board member, paving the way for yet another family transfer of corporate power in the country. LG is the South’s fourth-biggest conglomerate and perhaps best known internationally for its household appliances and consumer electronics, but among myriad other activities also has operations in chemicals, cosmetics, and Coca-Cola bottling. Koo Kwang-mo, a senior executive at LG Electronics […]
(Eagle News) — The Court of Appeals has rejected the plea of a primary suspect in the killing of South Korean businessman Jee Ick Joo for his fellow policeman to be stopped from testifying in court. In junking SP03 Ricky Sta. Isabel’s plea for a temporary restraining order and/or writ of preliminary injunction on a Pampanga court’s order allowing SP04 Roy Villegas to be discharged as state witness, the 13th Division said he failed to “sufficiently […]
by Paul Handley © Agence France-Presse SEOUL, South Korea (AFP) — US Defense Secretary James Mattis told South Korea Thursday that their alliance remained “ironclad”, as he sought to reassure key East Asian allies following Donald Trump’s unilateral suspension of military exercises with Seoul. Concern has mounted in the region over the stance of the US president, who has lauded North Korean leader Kim Jong Un as a “talented guy” as he seeks to persuade […]
KAZAN, Germany (AFP)–Holder Germany sensationally crashed out of the World Cup on Wednesday in one of the biggest shocks in the tournament’s history — failing to make it past the opening round for the first time since 1938. In a stunning reverse by the footballing superpower who have reached either the final or semi-finals of every World Cup since 2002, the Germans stumbled to a 2-0 loss to South Korea that left them rooted to […]
SEOUL, South Korea (AFP) — North and South Korea on Friday held Red Cross talks to discuss resuming reunions for families separated by the 1950-53 Korean War, the latest step in the diplomatic thaw on the peninsula. Millions of people were separated during the conflict that sealed the division between the two Koreas nearly 70 years ago. Most died without having a chance to see or hear from their relatives on the other side of […]
SEOUL, South Korea (AFP) — New pipelines could be laid to bring Russian gas through North Korea to the South and even on to Japan following the diplomatic thaw with Pyongyang, Seoul’s leader suggested Wednesday. President Moon Jae-in was speaking to Russian news media before a three-day visit to Moscow starting Thursday, with the presidential Blue House releasing the transcript. Russia and South Korea agreed in 2008 to lay gas pipelines through the North to […]
SEOUL, South Korea (AFP) — Hackers stole more than $30 million worth of cryptocurrencies from South Korea’s top bitcoin exchange, sending the unit’s price falling around the world on Wednesday. The virtual currency was priced at $6,442 dollars late afternoon in Seoul, down about 4.4 percent from 24 hours earlier, after the latest attack on Bithumb raised concerns over cryptocurrency security. Hyper-wired South Korea has emerged as a hotbed of trading in virtual units, at […]
SEOUL, South Korea (AFP) — The US and South Korean militaries confirmed Tuesday they have called off upcoming joint exercises, after President Donald pledged to halt the drills in the wake of his summit with North Korea’s Kim Jong Un. Seoul, which has tens of thousands of US troops on its soil to help protect it from its hostile northern neighbour, said the suspension would affect the large-scale Ulchi Freedom Guardian exercises slated for August. […]
SEOUL, South Korea (AFP) — South Korea said Monday that sanctions against North Korea could be eased once it takes “substantive steps towards denuclearization”, seemingly setting the bar lower than Washington for such a move. Last week’s Singapore summit between US President Donald Trump and North Korean leader Kim Jong Un produced only a vague statement in which Kim “reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula”. Amid fears […]
SEOUL, South Korea (AFP) — South Korea on Monday began two days of war games to practise defending the disputed Dokdo islands off its east coast — against an unlikely attack by Japan. The drills come just days after President Donald Trump announced the suspension of long-running US joint exercises with South Korea — aimed at deterring North Korea — calling them expensive and “provocative”. The two-day exercise — tiny compared with the suspended US-South […]
