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SOUTH KOREA NEWS

SOUTH KOREA NEWS

  • ING NV is aiming for May to launch the sale of its $1.2 billion stake in Thailand's TMB Bank , as the Dutch financial services company awaits the end of Malaysia's election to include more bidders, sources familiar with the matter told Reuters.

     

  • North Korea issued new threats against South Korea on Tuesday, vowing "sledge-hammer blows" of retaliation if South Korea did not apologize for anti-North Korean protests the previous day when the North was celebrating the birth of its founding leader.

     

  • U.S. Secretary of State John Kerry on Sunday stressed the United States is willing to engage with North Korea as long as it takes steps to give up nuclear weapons.

     

  • U.S. Secretary of State John Kerry warned North Korea on Friday that it would be a "huge mistake" to test launch a medium-range missile and said the United States would never accept the reclusive country as a nuclear power.

     

  • After having the thrill of winning the Masters a record six times, Jack Nicklaus does not get terribly excited about joining Arnold Palmer and Gary Player to hit the ceremonial first shots at the tournament.

     

  • South Korean rapper Psy released his much-anticipated new single on Thursday hoping to repeat the success of "Gangnam Style" that made him the biggest star to emerge from the growing K-pop music scene.

     

  • All major Japanese carmakers have said they're recalling millions of vehicles worldwide after spotting problems with front passenger airbags.

     

  • Defense Secretary Chuck Hagel said on Wednesday that North Korea has been skating close to a "dangerous line" with its near-daily threats against the United States and South Korea.

     

  • Switzerland has offered to mediate with North Korea as tension rises on the Korean peninsula following U.N. sanctions imposed in response to a nuclear weapon test in February.

     

  • Top Spanish golfer Alvaro Quiros said it would be "a stupid idea" to play at this month's European Tour event in South Korea due to the growing political tension in the region.

     

  • Samsung Electronics is spending more on marketing than R&D for the first time in at least three years, prompting some pundits to warn that the IT giant is sacrificing innovation at a time when the market is teeming with ever smarter gadgets.

     

  • North Korea has placed two of its intermediate range missiles on mobile launchers and hidden them on the east coast of the country, South Korea's Yonhap news agency reported on Friday, citing intelligence sources in South Korea.

     

  • South Korea's top finance officials warned on Friday that tensions with North Korea could have a prolonged impact on markets and vowed to ensure stability, as the standoff threatened to put an additional drag on Asia's fourth-largest economy.

     

  • Samsung Electronics, the iPhone's main adversary, estimated its January-March operating profit rose 53 percent to 8.7 trillion won ($7.7 billion) as sales of mid-tier smartphones helped the South Korean giant tide over the off-peak season.

     

  • North Korea barred entry to a joint industrial complex it shares with the South for a second day on Thursday, Seoul's Unification Ministry said, and demanded extended notice of when hundreds of South Korean workers planned to leave.

     

  • North Korea can probably restart a mothballed plutonium-producing reactor in six months if it is determined to do so and the site has suffered no major structural damage, but it may take years to produce significant new atom bomb material.

     

  • North Korea named former premier Pak Pong-ju, a key confidant of the leadership dynasty who was sacked in 2007 for failing to implement economic reforms, as its cabinet chief on Monday in a move that would further cement the ruling family's grip on power.

     

  • The United States said it would soon send a missile defense system to Guam to defend it from North Korea, as the U.S. military adjusts to what Defense Secretary Chuck Hagel called a "real and clear danger" from Pyongyang.

     

  • Moscow urged restraint in the Korean peninsula on Saturday, after North Korea said it was entering a "state of war" with South Korea in a further escalation of its bellicose rhetoric against Seoul and its main ally, the United States.

     

  • A leading South Korean basketball coach, arrested earlier this month for allegedly rigging matches, was among four people formally charged by prosecutors on Friday, local media reported.

     

  • A heavily armed border crossing between North and South Korea that allows the North access to $2 billion in trade a year, one of its few avenues to foreign currency, remained open on Thursday despite Pyongyang's move to cut communications.

     

  • North Korea said on Tuesday its strategic rocket and long-range artillery units have been ordered to be combat ready, targeting U.S. military bases on Guam, Hawaii and mainland America after U.S. bombers flew sorties threatening the North.

     

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