In a New Year's message, North Korea expressed hopes for the inter-Korean summit accords on economic cooperation to be implemented on schedule under the incoming President-elect Lee Myung-bak's administration. In the past the North severely criticized S
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A new era has begun as South Korea grapples with an uncertain economic future colored by concerns about the fast pace of globalization. Even though the parliament voted to appoint a special prosecutor to probe the 2001 share-rigging scandal, Lee Myung-bak
According to the Ministry of National Defense, two Koreas recently agreed on assuring cross-border security that will serve to boost business in the Gaeseong Industrial Complex and tourism to Mount Geumgang.
The recent oil leakage from a tanker in seas off Taean, Chungcheongnam-do has turned the sea farms and fishing areas on the country's western coast into a sea of oil. Analysts say the spill is considered as one of the world's devastating sea pollution c
Ministry of Environment recently announced that they will not accept a compulsory greenhouse gas emission reduction plan such as the Kyoto Protocol. Instead, Environment Minister Lee Kyu-yong told the press that the ministry asked for efforts f
Countless citizens shouted for joy at the City Hall of Yeosu in the southwestern coast of Korea last Tuesday as the port city was selected to host the 2012 World Expo in a vote of the International Exhibition Bureau during its 142nd general assembly in Pa
South Korea's Air Force recently announced its plans to create a tactical reconnaissance wing. It will consist of surveillance airplanes, advanced airborne early warning & control systems and unmanned aerial vehicles.
An arrest warrant for two executives of cram school in Seoul was applied recently by the police. Spokesperson for the police said the warrant will be issued based on suspicions that the accused leaked examination questions for the entrance examination for
According to a new report released by the Korea Institute for Health and Social Affairs and the Korea Labor Institute, nearly one in five Koreans lived in relative poverty last year. The two institutes submitted their joint research report on
South and North Korea have been divided since the 1950-53 Korean War. According to a recent National Assembly report, it will cost about 1.3 trillion dollars for the reunification of South and North Korea. The report was made by a research institute at Ch
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