South Korea News

Easy day for Indian teams in Asian Junior Squash

Seoul, Feb 20 (IANS) The Indian junior squash team began with emphatic wins in the Asian Junior Team Championships here Wednesday.

Global sales of LG's Optimus L smartphones top 15 mn

Seoul, Feb 15 (IANS) Sales of LG Electronics' Optimus L Series smartphones topped 15 million units globally since its introduction in February 2012, the company said Friday.

South Korea's money supply growth slows

Seoul, Feb 13 (IANS) South Korea's money supply growth slowed in December, giving central bank more room to reduce borrowing costs to boost the economy, central bank data showed Wednesday.

South Korea on alert after North Korean n-test

Seoul, Feb 12 (IANS) The South Korean government condemned the nuclear test by North Korea Tuesday, calling it a "clear violation" of UN resolutions. The South Korean military was put on high alert.

North Korea earthquake could be n-test

Seoul, Feb 12 (IANS) The South Korean defence ministry believes that North Korea conducted a nuclear test Tuesday after an earthquake was detected, a media report said.

South Korea's auto exports see first rise in eight months

Seoul, Feb 11 (IANS) South Korea's automobile exports rose in January from a year earlier, posting the first increase in eight months.

Samsung boss wins inheritance lawsuit against siblings

Seoul, Feb 1 (IANS) Samsung Electronics chairman Lee Kun-hee has won an inheritance lawsuit against his siblings, keeping his control over South Korea's largest conglomerate, Xinhua reported.

Samsung acquires US medical equipment firm

Seoul, Jan 29 (IANS) Samsung Electronics acquired a US medical equipment company, confirming the world's biggest technology firm is stepping up efforts to nurture medical equipment business as new growth engine.

South Korea's consumer confidence hits eight-month high

Seoul, Jan 28 (IANS) Confidence among South Korean consumers rose to an eight-month high in January as the Asia's No.4 economy showed signs of bottoming out, Bank of Korea (BOK) said in a statement Monday.

South Korean central bank hints at policy rate cut

Seoul, Jan 28 (IANS) A policy board member of the South Korean central bank Monday hinted at policy rate cut in the near term, confirming the governor's recent suggestion that monetary policy will go in line with fiscal policy.

R-Day celebrated in South Korea

Seoul, Jan 26 (IANS) Braving temperature of -15 degrees centigrade, the Indian community in South Korea celebrated Republic Day Saturday with great enthusiasm.

Samsung's Q4 profit hits new high on Galaxy sales

Seoul, Jan 25 (IANS) Samsung Electronics' fourth-quarter operating profit hit a new high helped by solid Galaxy smartphone sales and improved earnings in semiconductor business.

Washington mulls sanctions on North Korea

Seoul, Jan 16 (IANS) There would be "more developments in the days ahead" in Washington's push to punish North Korea for its rocket launch, said a top US diplomat Wednesday.

Indian ambassador meets South Korean president-elect

Seoul, Jan 15 (IANS) Indian Ambassador Vishnu Prakash Tuesday called on Park Geun-hye, who assumes office as the 18th president of South Korea Feb 25.

Saina falters in quarter-final of Korea Open

Seoul, Jan 11 (IANS) World No.3 shuttler Saina Nehwal faltered once again in the women's singles quarter-final of the $1 million Korea Open Super Series Premier against Li Han of China here Friday.

Saina reaches quarters of Korea Open

Seoul, Jan 10 (IANS) World No.3 shuttler Saina Nehwal reached the women's singles quarterfinals at the $1 million Korea Open Super Series Premier while compatriots P.V. Sindhu and Parupalli Kashyap faltered in the second round here Thursday.

Saina, Kashyap, Sindhu advance in Korea Open

Seoul/New Delhi, Jan 9 (IANS) It was a good day in office for Indian shuttlers as Saina Nehwal, Parupalli Kashyap and P.V. Sindhu advanced to the second round of the $1 million Korea Open Super Series Premier in Seoul, Wednesday.

K-pop star to face disciplinary action

Seoul, Jan 3 (IANS) South Korean pop star Rain will face disciplinary action for violating terms of his 21-month mandatory military service, the defence ministry said Thursday, following revelations he has been dating a top actress while on leave.

LG Electronics unveils world's first 55-inch TV

Seoul, Jan 2 (IANS) LG Electronics, South Korea's consumer electronics giant has started receiving pre-orders for the world's first 55-inch organic light-emitting diode (OLED) TV on its home turf, the company said Wednesday.

Manmohan Singh congratulates new South Korean president

Seoul, Dec 29 (IANS) Indian Prime Minister Manmohan Singh Saturday congratulated Park Geun-hye on her "historic victory" in South Korea's presidential elections.

South Korea slashes 2013 growth outlook

Seoul, Dec 27 (IANS) South Korea's finance ministry slashed its 2013 growth outlook for the country to 3 percent from an earlier estimate of 4 percent Thursday, citing external uncertainties such as the US fiscal cliff issue and the eurozone fiscal crisis.

South Korea's government debt reaches $435.7 bn

Seoul, Dec 24 (IANS) South Korea's government debts reached 468.6 trillion won ($435.7 billion) in the 2011 fiscal year under new accounting rules, the finance ministry said Monday.

Park Geun-hye elected first female president of South Korea

Seoul, Dec 20 (IANS) Park Geun-hye of South Korea's ruling Saenuri Party won the tightly contested presidential election held Wednesday, becoming the first woman to lead the country and extending the conservative rule for another five years.

South Korea's trade surplus in IT sector hits new high

Seoul, Dec 5 (IANS) Trade surplus in the South Korea's information technology (IT) industry hit a new high last month due to solid demand for handsets and semiconductors, a government report showed Wednesday.

Samsung Electronics promotes chairman's son

Seoul, Dec 5 (IANS) Samsung Group, South Korea's largest family-owned conglomerate, said Wednesday that Lee Jae-yong, the only son of Samsung Electronics chairman Lee Kun-hee, was promoted to vice chairman, a move seen as part of efforts to accelerate the management succession plan.

S.Korea's top prosecutor resigns over sex scandal

Seoul, Nov 30 (IANS/RIA Novosti) South Korea's chief prosecutor announced Friday he has stepped down amid sex and bribery scandals within the prosecution service.

Samsung rolls out Galaxy Camera

Seoul, Nov 29 (IANS) South Korean tech giant Samsung Electronics Thursday rolled out Galaxy Camera based on the Long Term Evolution (LTE) technology, enabling users to upload pictures directly through the high−speed fourth−generation (4G) network.

South Korea's e−commerce sales go up

Seoul, Nov 27 (IANS) South Korea's e−commerce sales expanded 12.5 percent in the third quarter from a year earlier, a government report showed Tuesday.

South Korean economy expected to grow in 2013

Seoul, Nov 25 (IANS) The South Korean economy is expected to grow three percent next year due to gradual improvement in exports and domestic demand, but the growth will be limited amid the expected global economic slump, a state−run think tank said Sunday.

South Korea's foreign debt grows

Seoul, Nov 20 (IANS) South Korea's foreign debts grew to $419.4 billion in the third quarter as local lenders increased external liabilities with a long−term maturity, data by the central bank showed Tuesday.

South Korea's import prices decline

Seoul, Nov 15 (IANS) South Korea's import prices declined 3.3 percent last month due to lower oil prices and the local currency's ascent against the US dollar, data by the central bank showed Thursday.

South Korea's trade surplus grows

Seoul, Nov 14 (IANS) South Korea's trade surplus grew to $3.73 billion last month due to an export rebound that offset a rise in imports, customs data showed Wednesday.

India fail to make impact in World University badminton

Gwangju (South Korea), Nov 12 (IANS) The Indian side for the World University Badminton Championships failed to make an impact in the tournament with none of the players getting past the second round. The Association of Indian Universities (AIU) squad was controversially finalised, a day before the event began.

Indian embassy in Seoul opens defence wing

Seoul, Nov 6 (IANS) With growing defence ties between India and South Korea, the Indian embassy opened a defence wing at its embassy here.

South Korea shuts two n-reactors

Seoul, Nov 5 (IANS) South Korea has shut down two nuclear reactors after it found that their components were provided false quality certificates, the government said Monday.

India-South Korea ink business agreement of $1.1 billion

Seoul, Nov 3 (IANS) India and South Korea have signed an agreement to provide $1.1 billion worth of financial support to step up business cooperation.

India, South Korea jog towards $40 bn trade target

Seoul, Nov 3 (IANS) India and South Korea expressed their determination to achieve a trade target of $40 billion by 2015 during a two-day visit of Indian Finance Minister P. Chidambaram who invited the South Korean businesses and industries to invest more in the Indian market, particularly in infrastructure.

Samsung's Galaxy Note 2 sales breach 3 mn mark

Seoul, Nov 2 (IANS) Global sales of Samsung Electronics' Galaxy Note 2 breached the 3-million mark since its debut in late September, topping the level at a faster pace than its predecessor, the company said Friday.

South Korea's real estate market faces growing risks

Seoul, Oct 31 (IANS) South Korea's real estate market is facing growing risks on falling property prices, boosting concerns that over-indebted households may fall into trouble in repaying mortgage loans amid falling prices, a report by the central bank showed Wednesday.

LG launches new Nexus smartphone with Google

Seoul, Oct 30 (IANS) South Korean handset maker LG Electronics has launched its new Nexus smartphone in collaboration with Google, enhancing its product mix amid fiercer competition in the global mobile industry.

South Korean banks' earnings decline

Seoul, Oct 29 (IANS) South Korean banks saw their earnings decline 4.1 percent in the third quarter compared with the previous quarter due to a reduction in interest income following the Bank of Korea (BOK)'s policy rate cut, data by the financial watchdog showed Monday.

South Korea's business sentiment continues to worsen

Seoul, Oct 29 (IANS) South Korea's business sentiment continued to worsen this month due to lingering concerns over external uncertainties such as Europe's debt problems and the possible US fiscal cliff, data by the central bank showed Monday.

South Korea's import prices rise

Seoul, Oct 15 (IANS) South Korea's import prices rose for two straight months in September due mainly to a rise in crude oil prices and the consequent oil product price hike, data by the central bank showed Monday.

South Korean minister apologises for security lapse

Seoul, Oct 15 (IANS) South Korea's defence minister Monday publicly apologized over the security lapse at the heavily fortified border following revelations that a North Korean defector crossed over undetected.

Webber pips Vettel to pole at Korean GP

Yeongam (South Korea), Oct 13 (IANS/RIA Novosti) Mark Webber and Sebastian Vettel locked out the front row for Red Bull in the Formula One Korean Grand Prix qualifying here Saturday.

Koran GP: Hulkenberg 8th fastest, di Resta 14th

Yeongam (South Korea), Oct 13 (IANS) Sahara Force India's Nico Hulkenberg and Paul di Resta set the eighth and 14th fastest times in the Formula One Korean Grand Prix here Saturday.

South Korea's rare earth import from China grows

Seoul, Oct 18 (IANS) South Korea's rare earth import from China grew 19.1 percent last month due to a fall in import prices, customs data showed Thursday.

Infrastructure, IT hardware, defence high on India-South Korea talks

Seoul, Oct 18 (IANS) Infrastructure, energy, IT hardware, small and medium enterprises as well as defence are some of the most promising areas of cooperation in an expanded relationship between South Korea and India.

Kaltenborn becomes first female F1 team principal

Yeongam (South Korea), Oct 11 (IANS) India born Monisha Kalterborn is set to become Formula 1's first woman team principal after she takes over the reins from current Sauber chief Peter Sauber Saturday, on the latter's 69th birthday.

Hulkenberg battles to finish sixth in Korea

Yeongam (South Korea), Oct 14 (IANS) Sahara Force India's Nico Hulkenberg got ahead of teammate Paul di Resta in the Formula One drivers' standings after finishing sixth in the Korean Grand Prix here Sunday. Di Resta came 12th.


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