Seoul to announce results of probe into diplomats' sex scandal Friday   South Korea will likely announce later this week the results of its investigation into a sex scandal involving some of the nation's diplomats and a Chinese woman, a government source said Tuesday.   Multiple Korean diplomats at the consulate in Shanghai have been accused of having extramarital affairs with the 33-year-old Chin

Politics March 23, 2011

South Korea's financial watchdog plans to announce its road map to resume the sale of a major stake in state-owned Woori Finance Holdings Co. by the second quarter of this year, its chief said Wednesday.   The Financial Services Commission (FSC) put the 56.97 percent government stake in the second-largest banking group up for sale in November last year but suspended the sale process in December af

March 23, 2011

Kia Motors Corp., South Korea's second-largest automaker, said Wednesday it has decided to delay the scheduled launch of its popular K5 passenger sedan in the European market until the second half of the year due to an undersupply.   The vehicle, currently sold as the Optima in the U.S. market, was initially scheduled to be shipped to Europe in the first half of the year.   "We earlier planned to

Industry March 23, 2011

Samsung Electronics Co., the world's No. 2 maker of mobile phones, unveiled on Wednesday two new tablet computers aimed for the U.S. market, eying a bigger market share on Apple Inc.'s home turf with ultra-thin devices.   Samsung unveiled the company's third tablet computer, the Galaxy Tab 8.9, and a U.S. version of the Galaxy Tab 10.1 during a trade show in Orlando, Florida, it said in a statemen

Industry March 23, 2011

 South Korea's Cabinet approved universal jurisdiction in a revised criminal code on Tuesday, a step that could allow Seoul to bring to justice those who commit terrorist attacks and other grave crimes outside of South Korea, the Justice Ministry said.   The revision, set to go into effect as early as 2013, represents Seoul's commitment to join global efforts to combat such international crimes as

Latest News March 22, 2011

FC Seoul, a South Korean professional football club in the K-Leagu, is faced with a scheduling conflict over a proposed summer exhibition match against a popular English team.Liverpool, an English Premier League club, has proposed a July 19 exhibition contest against FC Seoul, the 2010 K-League champion.An 18-time English champion and a five-time European champ, Liverpool boasts a star-studded lin

Soccer March 22, 2011

A U.S. squadron of F-16 fighter jets in Japan is likely to be deployed to South Korea for training as its base is becoming the hub of military relief efforts after a massive earthquake and killer tsunami devastated Japan's northeast coast, a report said Tuesday.   The 14th Fighter Squadron at a U.S. air base in Misawa, northern Japan, is looking to be deployed somewhere else in the region for a mo

Defense March 22, 2011

 South Korea and Mongolia will engage in a "clean coal" development project that can improve energy efficiency of the fossil fuel resource, the government said Tuesday.   The memorandum of understanding (MOU) reached between the two countries in Seoul calls for South Korea to transfer technology related to upgrading coal quality used for heating and power generation, the Ministry of Knowledge Econ

Soccer March 22, 2011

Woori Finance Holdings Co., South Korea's No. 2 banking group, said Tuesday it picked the vice president of Woori Bank as the new chief executive officer of the group's flagship banking unit.   The state-run financial services company said its seven-member special president selection committee selected Lee Soon-woo, 61, to lead South Korea's second-largest lender for three years.   Woori Bank is c

March 22, 2011

    No radioactive materials have been found in rain that fell on South Korea over the weekend, despite escalating fears of radiation in Japan, the government said Tuesday.   The Ministry of Education, Science and Technology said a thorough examination of rainwater samples collected from across the country on Sunday showed no traces of radioactive iodine or cesium.   "There was no trace of either

Social Affairs March 22, 2011

Security of the state Internet network being used by central and local administrations will be beefed up, the home affairs ministry said Tuesday, after the country came under a massive cyber attack, known as the distributed denial-of-service (DDoS) attack, early this month.   The Ministry of Public Administration and Security said it will put intranets of city, county and ward offices as well as t

Social Affairs March 22, 2011