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(Photo by: Slawos) Finance authorities in South Korea to set up accounting measures to improve transparency on construction and shipbuilding companies.

Oct 31, 2015 AM EDT - Diana Tomale

Finance Authorities In South Korea To Set Accounting Guidelines To Improve Transparency On Consrtuction And Shipbuilding Firms

Finance authorities in South Korea will draw up accounting measures to improve transparency on construction and shipbuilding companies after world's second-largest shipbuilding firm Daewoo posted its biggest loss ever in Q2.

The Phone | By: New Entertainment World

Oct 30, 2015 PM EDT - Czarelli Tuason

Local Thriller Film ‘The Phone’ Tops The South Korean Box Office Over The Weekend

South Korean film "The Phone" tops the box office chart over the weekend, overtaking American film "The Martian," which remained at the No. 1 spot for two consecutive weeks.

Joombas Music logo | By: Joombas Music

Oct 30, 2015 PM EDT - Czarelli Tuason

U.S.-Based Joombas Music Songwriter Dean Releases Single Debut Titled I Love It

The 22-year-old U.S.-based R&B and songwriter Dean releases his single debut "I Love It" last week with Korean rapper Dok2.

(Photo by: Taneli Rajala) South Korea's industrial production increased by 1.9 percent in September from the previous month.

Oct 30, 2015 PM EDT - Diana Tomale

South Korea's Industrial Output Recovers Steadily As Growth Rate Increases To 1.9 Percent In September

South Korea' industrial production in September expanded to 1.9 percent as compared to the previous month. Experts say shipments of semicounductors and car production were among the factors that resulted to the growth rate in September.

Construction within Fiery Cross located in the western part of the Spratly Islands | By: DigitalGlobe | Getty Images

Oct 30, 2015 PM EDT - Czarelli Tuason

South Korean Government Faces Increasing Pressure To Choose Sides Between The U.S. And China Amid Tension Over Spratly Islands

As tension increases between the U.S. and China over the Spratly Islands issue, preessure mounts on South Korea as the country establishes strong relations with both nations.

Alleged North Korean drone crashes in Baengnyeong Island, South Korea | By: Handout | Getty Images

Oct 30, 2015 AM EDT - Czarelli Tuason

South Korea Tests Unmanned Attack Drones Amid North Korea’s Growing Fleet Of Military Drones

As North Korea develops a growing fleet of military drones, South Korea is now testing unmanned aerial vehicles (UAV) that can detect and attack enemy drones in an effort to prepare their defenses against possible threat.

Oct 30, 2015 AM EDT - Czarelli Tuason

Bronze Statues Representing Comfort Women During WWII Unveiled In Seoul

Two bronze statues of South Korean and Chinese girls were unveiled in Seoul on Wednesday in honor of Asia's "comfort women" during the WWII.

High speed train in Seoul, South Korea (Photo by Bloomberg / Getty Images)

Oct 29, 2015 PM EDT - Czarelli Tuason

South Korea Expresses Interested To Bid For The Proposed Kuala Lumpur-Singapore High Speed Rail Project

The proposed Kuala Lumpur-Singapore High Speed Rail project, which links Kuala Lumpur's Bandar Malaysia and Singapore's Jurong East, has over 150 interested firms coming from different countries, including South Korea, to bid for the project.

South Korean President Park Guen Hye and U.S. President Barack Obama at the White House in Washington (Photo by Pool / Getty Images)

Oct 29, 2015 PM EDT - Czarelli Tuason

North Korea Reportedly Says It Will Accept Peace Treaty Negotiations With Washington But Rejects Talks On Abandoning Nuclear Program

After the meeting of U.S. President Obama and South Korean President Park on Friday, North Korea released a statement that they are willing to open talks on peace treaty negotiations, but refuses to discuss denuclearization.

Showbox Mediaplex's

Oct 29, 2015 PM EDT - Czarelli Tuason

The New York Korean Film Festival Wiill Include ‘Assassination’ And ‘The Beauty Inside’ In The Lineup

On Nov. 6 to 11, South Korean blockbuster movies will be featured on the New York Korean Film Festival at the Museum of the Moving Image, attended by South Korean celebrities and filmmakers.

U.S. Defense Secretary Ashton Carter at the Pentagon (Photo by Win McNamee / Getty Images)

Oct 29, 2015 PM EDT - Czarelli Tuason

U.S. Defense Secretary Ashton Carter Reportedly Turns Down South Korea’s Request For Transfer Of Vital Fighter Jet Technologies

The Korean Fighter Experimental project of South Korea faced problems when U.S. Department State prohibited their contractor to share four key defense technologies. U.S. Defense Secretary Ashton Carter, instead, offered to cooperate through 21 other technologies that may be transferred.

South Korean government plans to announce details of state-written history textbooks for secondary students. (Photo by Chung Sung Jun / Getty Images)

Oct 29, 2015 PM EDT - Diana Tomale

South Korea's Ministry Of Education Reportedly Plans To Announce Details On State-Written History Textbooks

The Ministry of Education is set to announce the information on government's plan to publish state-written history textbooks. The publication of state-written history textbooks is said to eliminate "ideological bias".

Charles Schultz's

Oct 28, 2015 PM EDT - Czarelli Tuason

Increasing Number Of Koreans Map Out A Career Path In Hollywood Animation

More South Koreans are aiming to become Hollywood animators as the government also increases the country's fund on animation and character licensing businesses .

(Photo by: Emmanuel DYAN) South Korea's M&A activity hit record high at 885 deals this year up to date amounting to $84.3 billion surpassing last year's record.

Oct 28, 2015 PM EDT - Diana Tomale

M&A Activity In South Korea Hits Record High At 885 Deals This Year At 84.3 Billion Dollars

An international financial software company reveals that South Korea's M&A activity hits a record high this year up to date at 885 deals, amounting to $84.3 billion and surpassing last year's $84 billion.

(Photo by: Jhoan Montolio) South Korea increases quota for military enlistment to 20,000 within two years.

Oct 28, 2015 PM EDT - Diana Tomale

S. Korea To Increase Quota For Military Enlistment To 20,000 Within 2 Years, Sets Budget At $53 Million

The South Korean government is allocating $53 million after the Defense Ministry and the ruling Saenuri Party agree to expand the quota for military enlistment to 10,000 in 2016 and another 10,000 in 2017.

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