Seoul, June 23 (IANS) North Korean leader Kim Jong-un has called for efforts to further increase his country’s nuclear arsenal “with a goal of overtaking the world,” Pyongyang’s state media reported Tuesday.According to the Korean Central News Agency (KCNA), the ruling Workers’ Party of Korea (WPK) convened the second plenary meeting of its ninth central committee for three days from Saturday, presided over by leader Kim, to assess how the country’s policies have fared in the first half of the y…
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Seoul, June 22 (IANS) Chip major SK hynix has surpassed Samsung Electronics in terms of market capitalisation for the first time, the bourse operator said on Monday.The market capitalisation of SK hynix reached 2,091 trillion won ($1,358 billion) at 12:42 p.m., surpassing Samsung Electronics’ 2,090 trillion won, according to the Korea Exchange (KRX), reports Yonhap news agency.It marked the first time that Samsung Electronics has given up its throne on the benchmark Korea Composite Stock Price I…
Seoul, June 14 (IANS) Hyundai Motor Group accounted for 11.8 per cent of the US automobile market in the January-April period this year, data showed on Sunday, on the back of strong sales of hybrids and other eco-friendly models.According to data compiled by industry tracker Omdia, the combined market share of Hyundai Motor Co. and Kia Corp. rose 1 percentage point from a year earlier during the first four months of 2026, ranking fourth behind General Motors Co., Toyota Motor Corp. and Ford Moto…
Seoul, June 13 (IANS) North Korea on Saturday blasted a recent joint statement adopted by South Korea and the European Union (EU) that condemned Pyongyang’s military cooperation with Russia, saying it will continue to treat Seoul as “a hostile state.”In a press statement issued on the state-run Korean Central News Agency, the North Korean foreign ministry said South Korea is “an invariable enemy state obsessed with hostility and confrontation.”South Korean President Lee Jae Myung and EU leaders …
Seoul, June 11 (IANS) South Korea’s data protection regulator on Thursday fined e-commerce company Coupang a record 624.7 billion won ($410 million) over privacy violations, including a massive data breach that affected more than 37 million users.The Personal Information Protection Commission has decided to impose a record fine of 423.6 billion won for the data breach and levy an additional 201.1 billion won in fine for the unauthorised collection of records of online user activities and other v…
Washington, June 3 (IANS) US Trade Representative (USTR) Jamieson Greer has said that President Donald Trump’s administration will release results of its trade investigations into dozens of trading partners, including South Korea, China and Japan, “over the next few weeks.”Greer made the remarks in a CNBC interview, as the investigations have been in progress under Section 301 of the 1974 Trade Act to uncover “unfair” trade practices related to “structural” excess capacity and production, and to…
Seoul, June 2 (IANS) Hanwha Aerospace, a defence affiliate under Hanwha Group, said on Tuesday it has partially suspended production at its Daejeon facility after a deadly explosion at the plant.In a regulatory filing, the arms manufacturer said it was ordered by labour authorities to halt operations at the facility, about 140 kilometers south of Seoul, due to a serious workplace accident under South Korea’s occupational safety laws.The explosion killed five people and injured two others and pol…
Seoul, June 1 (IANS) Four people were killed and two others injured Monday in an explosion at defence company Hanwha Aerospace’s factory in the central city of Daejeon in South Korea, officials have said. Authorities received a report of the explosion at 10:59 a.m., with authorities working to confirm the exact number of casualties.Fire authorities dispatched to the scene were working to put out a blaze at the site, reports Yonhap news agencyPolice and fire officials believe the explosion occurr…
Seoul, May 31 (IANS) North Korea’s Foreign Minister Choe Son-hui said her country shares “a common position” with Russia on all strategic issues at an event commemorating a late Russian ambassador, a Russian report has said.Choe made the remarks the previous day at a ceremony unveiling a memorial plaque at the Russian Embassy dedicated to former Ambassador Alexander Matsegora, the Tass news agency said.Matsegora, who had served as Russia’s ambassador to North Korea for more than 10 years, died s…
Seoul, May 28 (IANS) The head of South Korea’s platform giant Kakao apologised on Thursday for failing to ease concerns over ongoing wage talks.Chung Shin-a, CEO of the operator of the popular messenger service, made the remarks, a day after the labour union and the management failed to reach an agreement in their second round of mediation on wage negotiations.”I sincerely apologise for the failure to swiftly resolve various concerns and uncertainties,” Chung said in an internal notice earlier i…