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North and South Korea end talks

Aug 25, 2015 AM EDT - Dana Marie

South and North Korea Finally Reaches Deal

After intensive talks at Panmunjom, the two Koreas have finally reached an agreement on easing heightened tensions that have ensued since last week.

South Korea President Park Guen-Hye

Aug 25, 2015 AM EDT - Czarelli Tuason

South Korea's Park Says 'No Retreat'

South Korea President Park Guen-hye demands apology from North Korea for landmine blasting which killed two South Korean soldiers.

Kim Jong-un orders army to be ready with combat against South Korea

Aug 25, 2015 AM EDT - Czarelli Tuason

North Korea Deploys Amphibious Landing Crafts

North Korea has deployed three combat infiltrations against South Korea despite ongoine peace talks.

military training for female cadets

Aug 24, 2015 PM EDT - Czarelli Tuason

More Young Women Venture to Military Careers

Young women in Korea are joining the military for job security and work experience.

Inter-Korean High-Level Talks

Aug 23, 2015 PM EDT - Dana Marie

North and South Korea in Talks to Defuse Tension

The two Koreas’ top negotiators talked for two consecutive nights until Monday morning in an effort to ease the ongoing tension that almost resulted to armed conflict.

Kookmin Bank

Aug 21, 2015 AM EDT - Dana Marie

Sound Finances in Q2 for South Korean Banks

The Financial Supervisory Service (FSS) has reported that local banks in South Korea have stable capital adequacy ratio, which measures a bank’s financial soundness.

Anti-North Korea Rally

Aug 21, 2015 AM EDT - Dana Marie

US Worried over Recent Flare-up between the Two Koreas

The United States is looking into the current artillery firing between the two Koreas, expressing concern that it might escalate and become more violent. According to officials, they are monitoring this matter closely.

Chung Mong-Joon

Aug 19, 2015 AM EDT - Dana Marie

Chung Mong-joon Announces His Candidacy as President of FIFA

Chung Mong-joon – the former president of KFA – has officially announced that he will run as president of FIFA, pledging that he will help clean up the association.

Kim Il Sung mural

Aug 17, 2015 AM EDT - Dana Marie

North Korea Turns Back Its Clocks by 30 Minutes

Some people could only wish to turn back the time. But North Korea has done it literally, as its citizens set their clocks back by 30 minutes before August 15 midnight strikes, marking their ‘true liberation’ from Japan.

students at Yonsei University

Aug 17, 2015 AM EDT - Dana Marie

Ministry of Education Pushes “Ghettoized” Courses in South Korean Universities

As the country’s number of foreign students keeps on declining, the Ministry of Education has pushed for a proposal to let colleges and universities develop specialized courses or departments in the fields of IT and shipping.

 Shin Dong-Bin

Aug 16, 2015 PM EDT - Dana Marie

The Family Feud Will Finally End as Lotte Appoints a New Chairman

A meeting among Lotte Group’s shareholders today in Tokyo will confirm the new chairman. And it looks like it will be Shin Dong-bin.

Hyundai Heavy Industries

Aug 15, 2015 AM EDT - Dana Marie

Downsizing at Three of Korea’s Biggest Shipbuilders Results to Thousands of Job Loss

According to reports, the country’s major shipyards are struggling because of failing offshore rigs. Amidst gradually declining finances, they have resorted to downsizing and redundancy in an attempt to bring back huge losses.

Myungdong shopping district

Aug 13, 2015 PM EDT - Dana Marie

Korea Grand Sale and Other Cultural Events Kick Off Today

Foreigners visiting South Korea today until the end of October will be in for plenty of wonderful treats, as the country celebrates 70th Liberation Day tomorrow. The big celebration starts today, kickstarted by the Korea Grand Sale.

 residential properties by Han River

Aug 13, 2015 AM EDT - Dana Marie

Korea Experiences the Effect of Low Mortgage Rates – Rising Household Debt

For the first time, since data on loans have been compiled, South Korea’s household debt has exceeded 600 trillion won ($512 billion). Despite the government’s efforts to control borrowing, the total amount has continued to rise.

rocket launch at Goheung Space Center

Aug 13, 2015 AM EDT - Dana Marie

KARI’s Unmanned Drone ‘EAV-3’ Reaches the Stratosphere

Korea Aerospace Research Institute (KARI) has succeeded in launching its unmanned drone, the ‘EAV-3’. According to researcher Kim Seung-ho on August 11, the aircraft has taken off at the Goheung Space Center and has reached 14.12km above the Earth’s surface.

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