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- Seouls Trade Surplus With China Dwindling
By Yoon Ja-young Staff Reporter China is Korea's biggest trade partner, and the trade surplus there has helped Korea maintain its current account surplus, which is continuing to dwindle as China catches up with Korea, the central bank said Thursday.
- S. Korea, Japan to hold foreign ministerial talks in Lima
South Korea and Japan will hold a foreign ministerial meeting in Lima, Peru, on Thursday on the sidelines of the Asia-Pacific Economic Cooperation leaders' forum, South Korea's Foreign Ministry Spokesman said. Foreign Minister Yu Myung Hwan and Japanese
- S Korea`s STX mulls sale of stake in European unit
Seoul (ANTARA News/Asia Pulse) - STX Group (KSE:011810), a South Korean company, said today it is considering selling parts of its stake in STX Europe ASA, formerly known as Aker Yards, to recoup some of its spending for the takeover. 'We are looking at
- ASEAN+3 starts work on $80 bln swap pool details
MANILA, Nov 20 - Finance and central bank officials from Japan, South Korea and China met Southeast Asian counterparts on Thursday to devise an action plan to prevent the global financial crisis from destabilising the regional economy. The meeting will
- US can learn a tune from Korea's past catastrophe
Wandering around downtown Seoul the other night, I couldn't miss the irony of a song pumping out of a karaoke club: Turning Japanese. I had spent the day at a conference sponsored by the Seoul metropolitan government, pondering whether Asia risked its
- Japanese missile defense test fails off Hawaii
(Adds background) By Jim Wolf WASHINGTON, Nov 19 (Reuters) - A Japanese naval destroyer failed to intercept a dummy ballistic missile in a test aimed at mimicking an intermediate-range North Korean ballistic missile attack, the United States and Japan
- Bush seeks APEC support for rescue plans
US President George W Bush heads to an Asia-Pacific summit in Peru on Friday, seeking a stronger united front on the global economic meltdown and progress on dismantling North Korea's nuclear programs. In addition to the Asia-Pacific Economic Cooperation
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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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