South Korea's finance minister on Monday agreed with the City of London's mayor to work closely for bilateral cooperation in trade in the aftermath of the British vote to exit the European Union, or Brexit, the finance ministry here said.   In a Seoul meeting with Jeffery Mountevans, the Lord Mayor of the City of London, Finance Minister Yoo Il-ho said the two countries have to join tight hands for close coordination to prevent any contraction in trade and investment in each nation when Britain

Politics July 18, 2016

Investigators in Australia on Monday were examining a wing flap found last month on an East African island that is suspected to be from the missing Malaysian airliner, officials said.    The "large piece of aircraft debris'' arrived at the Australian Transport Safety Bureau headquarters in the capital, Canberra, for examination as part of the search for Malaysia Airlines Flight 370, said a joint statement by Australian and Malaysian government authorities.    "The large piece of what is likely t

World News July 18, 2016

North Korea is accelerating the development of its county of Samjiyon, where Korea's highest mountain is located, under the direction of its leader Kim Jong-un, a report by the communist country's main newspaper said Monday.   The Rodong Sinmun, the organ of the ruling Workers' Party, reported that Kim instructed the development of the northern area of Ryanggang Province near Mt. Paektu, which is claimed by the North to be the sacred origin point of the Korean revolution.   Pyongyang has claimed

North Korea July 18, 2016

Maestro Chung Myung-whun returned home Wednesday to accede to a prosecution probe later this week into his defamation allegation filed by the former head of the Seoul Philharmonic Orchestra (SPO).   "I don't think it's an investigation. Rather I think the time to disclose the truth has come," the former SPO music director told reporters upon arrival at Incheon International Airport, west of Seoul.   Both Chung and his wife, just identified as her family Koo, were accused by former SPO CEO Park H

Performance July 13, 2016

India's transport ministry admitted Thursday it has so far failed to improve road safety but said it was pushing for stricter laws, as new figures revealed 17 people die in traffic accidents every hour.   Transport minister Nitin Gadkari acknowledged an urgent need to improve road infrastructure as the numbers showed traffic accidents were one of the single biggest causes of death in India.   The report found 146,133 people died in 501,423 road accidents in 2015, an increase of almost five perce

World News June 9, 2016

A general strike called by a small communist party demanding that the government release its supporters detained after previous protests has shut down schools, markets and transportation in Nepal.    Police says 28 more supporters of the Nepal Communist Party Maoist were arrested as they attempted to enforce the general strike forcing vehicles off the streets in Kathmandu.    They torched a taxi and vandalized a public van in Kathmandu but no one was hurt.    The party which is a splinter group

World News June 9, 2016

The Switzerland-Sweden commission in charge of monitoring the six decades-long inter-Korean armistice on the southern side of the Korean Peninsula on Thursday said it is determined to fulfill its duty to safeguard the cease fire pact that has kept the peace in this part of Northeast Asia.   "The Neutral Nations Supervisory Commission (NNSC) has been created based on the armistice. That means we do our job here in Korea as long as this agreement is in force and those who nominated us want us to d

North Korea June 9, 2016

South Korea's ruling and opposition party officials gathered on Thursday to commemorate the 16th anniversary of the first summit between Seoul and Pyongyang, amid the prolonged deadlock in the inter-Korean relationship following the North's recent provocations.   In the June 2000 summit, the leaders of the two Koreas produced a landmark joint declaration, which outlines reconciliation and economic cooperation. South and North Korea remain technically at war as the 1950-53 Korean War ended in a t

Politics June 9, 2016