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Latest Korea, North News

Virgin Mobile and S. Korean Telecom Provider in Merger Talks
Virgin Mobile USA confirmed it was in talks with SK Telecom, following reports that the two could merge and offer a host of mobile data applications suited primarily for the youth market.

SK Telecom in 'strategic' talks with Virgin Mobile (AP)
AP - Virgin Mobile USA Inc. said Wednesday it is in preliminary talks with South Korea's SK Telecom Co. about possible "strategic options," a phrase that usually suggests a buyout or major investment.

US envoy to meet with Japanese, SKorean counterparts on North Korea
Christopher Hill, the US envoy leading negotiations to scrap North Korea's nuclear weapons, will meet his Japanese and South Korean counterparts early next week, a US official said Wednesday. 'My understanding is that Chris Hill will meet with his South

Virgin Mobile USA in 'strategic' talks with SK Telecom (AFP)

AFP - Wireless telecommunications group Virgin Mobile USA, Inc., said Wednesday it was holding "strategic" talks with SK Telecom, South Korea's biggest mobile phone group.

Taiwan must find way in new Asia
The successive state visits to Japan by conservative South Korean President Lee Myung-bak and People's Republic of China State Chairman Hu Jintao in May shows conclusively that Northeast Asia's three major power are serious about repairing their past

Tesco Pays GBP958 Million For 36 Korea Stores
LONDON Most of the stores will be converted to the Homeplus format over the next twelve months, it said. Tesco said the introduction of the stronger Homeplus format will drive sales and deliver synergies for the combined business and it is expected that

UPDATE: Tesco Spends GBP958 Million In South Korea, Biggest Buy Ever
The Homever stores have a total sales area of 3.0 million square feet, plus a further 1.3 million square feet of adjacent shopping mall space. Twenty-one of the stores are freehold or ground leases, while the remaining 15 are leasehold. Most of the

Foods Weight in Consumer Price Index High in Korea
Weight of food prices in the domestic consumer price index was found to be twice those of the United States and the European Union and also heavier in comparison to those of other Asian nations such as Hong Kong, Taiwan and Singapore, indicating the

NATO nations back cyber defense centre (Reuters)

Reuters - Seven NATO nations gave their backing on Wednesday to a new cyber defense centre in Estonia, the ex-Soviet state which last year faced weeks of attacks on its Internet structure after a row with Russia.

SK Telecom, Virgin Mobile USA confirm talks (Reuters)
Reuters - SK Telecom Co (017670.KS), South Korea's top mobile operator, confirmed on Wednesday that it was in preliminary talks with Virgin Mobile USA about strategic opportunities for its Helio U.S. arm.

Country Information

Following World War II, Korea was split into a northern, communist half and a southern, Western-oriented half. KIM Chong-il has ruled North Korea since his father and the country's founder, president KIM Il-song, died in 1994. After decades of mismanagement, the North relies heavily on international food aid to feed its population, while continuing to expend resources to maintain an army of about 1 million. North Korea's long-range missile development and research into nuclear and chemical weapons are of major concern to the international community.

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