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  • Rwanda: Korea Telecom in $40 Million Backbone Deal
    East African Business Week (Kampala) Korea Telecom (KT) has signed a US$40million deal with the Rwanda government to implement a national backbone project expected to connect the entire country on a fiber optic network. When complete, a national backbone
  • US, NKorea seek compromise in nuclear deadlock
    The North stopped disabling its main nuclear facilities in mid-August, rejecting a U.S. insistence that the regime should undergo a thorough inspection of its declaration of nuclear programs. Washington's top nuclear envoy visited Pyongyang last week to
  • Cheating South Korean florist nipped in the bud
    South Korean prosecutors said on Tuesday they have arrested a florist for pruning his rivals' business by clicking repeatedly on their online advertisements. The Seoul prosecutor's office said the man surnamed Jeong was charged with breaking laws on
  • Asian markets mixed after Australian bank's big rate cut
    SEOUL, South Korea - Asian markets showed signs of life Tuesday as investors cheered a big interest rate cut by the Australian central bank aimed at alleviating the unfolding global credit crisis that has battered global markets. A late rally on Wall
  • S.Korea plays down crisis as won hits 7-yr low
    SEOUL (Reuters) - South Korea's president played down talk of a currency crisis similar to one that nearly broke the economy 10 years ago, seeking to assure investors even as the won slumped to a 7-1/2-year low on fears global financial turmoil might
  • GLOBAL MARKETS-Big Australia rate cut spurs Asia stocks rebound
    * 100 basis points Australia rate cut knocks down yen * Investors hope for coordinated response to crisis * Korea's won plunges 5.7 pct to 7-yr low vs US dollar (Recasts, updates prices, adds quote) HONG KONG, Oct 7 (Reuters) - Asian stocks outside Japan
  • Fears of further turmoil after Asian markets tumble
    Previous of Images Next Korea Exchange employees look on the monitor screen which shows the benchmark Korea Ccomposite Stock Price Index Photo: EPA People look at an electronic stocks board in Tokyo, Japan, on Tuesday, Oct. 7, 2008. Japan's stocks
  • S.Korea plays down crisis as won hits 7-yr low (Reuters)
    Reuters - South Korea's president played down talk of a currency crisis similar to one that nearly broke the economy 10 years ago, seeking to assure investors even as the won slumped to a 7-1/2-year low on fears global financial turmoil might drag down the country's banks.
  • US, NKorea seek compromise in nuclear deadlock (AP)

    South Korean Foreign Minister Yu Myung-Hwan speaks during a briefing at the Foreign Ministry in Seoul in September. Both the United States and North Korea are showing flexibility in trying to settle a dispute which threatens a nuclear disarmament agreement, South Korea's foreign minister said Tuesday.(AFP/File/Jung Yeon-Je)AP - The United States and North Korea are being flexible in their effort to reach a compromise to resolve the dispute in the North's nuclear disarmament process, South Korea's foreign minister said Tuesday.



  • S Korean won drops to 6-year low against U.S. dollar
    South Korea's won against the U.S. dollar dropped to an over six-year low of 1,330.00 when the market opened on Tuesday, down 61.00 won from the Monday's close, the country's Yonhap News Agency reported. Despite the South Korean government's repeated
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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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