Edition:
United Kingdom

South Korea

GM Korea delays vote on bankruptcy protection to Monday as talks fail

Photo

SEOUL/DETROIT General Motors' South Korean unit delayed a decision to file for bankruptcy protection until Monday afternoon, after the automaker failed to reach a wage deal with its labor union in time to meet a Friday deadline.

Photo

GM Korea delays vote on bankruptcy protection to Monday as talks fail 20 Apr 2018

SEOUL/DETROIT General Motors' South Korean unit delayed a decision to file for bankruptcy protection until Monday afternoon, after the automaker failed to reach a wage deal with its labour union in time to meet a Friday deadline.

Photo

Person to person: North and South Korea get neighbourly with direct hot line 20 Apr 2018

SEOUL Diplomatic foes North and South Korea installed a direct phone line between their leaders on Friday as they prepare for the first summit since 2007 - and the connection was great, the South's presidential office said.

Photo

South Korea's antitrust chief says expects change in Samsung governance 'in near future' 20 Apr 2018

SEOUL South Korea's antitrust chief on Friday said he expects Samsung Group to unravel its governance structure in the near future, as the government and investors call for reform of the country's powerful family-controlled conglomerates, or chaebols.

Photo

South Korea's antitrust chief says expects change in Samsung governance 'in near future' 20 Apr 2018

SEOUL South Korea's antitrust chief on Friday said he expects Samsung Group to unravel its governance structure in the near future, as the government and investors call for reform of the country's powerful family-controlled conglomerates, or chaebols.

S.Korea's antitrust chief says expects change in Samsung governance "in near future" 20 Apr 2018

SEOUL, April 20 South Korea's antitrust chief on Friday said he expects Samsung Group to unravel its governance structure in the near future, as the government and investors call for reform of the country's powerful family-controlled conglomerates, or chaebols.

S.Korean stocks slump, won weakens, but both post weekly gains 20 Apr 2018

SEOUL, April 20 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index weakened on Friday after rising 1.3 percent during the past two sessions, while the Korean won lost ground on the local platform due to dollar strength, and bond yields rose. ** At 06:32 GMT, the KOSPI was down 9.77 points or 0.39 percent at 2,476.33. For the week, the index gained 0.9 percent, its second straight weekly gain. ** The won was quoted at 1,067.3 per dollar on the onshore settl

Photo

As GM mulls options for unit, how does bankruptcy work in South Korea? 20 Apr 2018

SEOUL General Motors has said its loss-making South Korean operation would file for bankruptcy if its union failed to agree to cut labour costs by Friday, heaping pressure on workers and the South Korean government to approve a rescue plan.

Photo

As GM mulls options for unit, how does bankruptcy work in South Korea? 20 Apr 2018

SEOUL General Motors has said its loss-making South Korean operation would file for bankruptcy if its union failed to agree to cut labour costs by Friday, heaping pressure on workers and the South Korean government to approve a rescue plan.

Photo

North Korea seeks 'complete denuclearisation,' Moon says; U.S. vows pressure 19 Apr 2018

SEOUL/WASHINGTON North Korea has expressed its commitment to "complete denuclearisation" of the Korean peninsula and has not attached conditions, South Korea's president said on Thursday, but Washington remains wary and has vowed to maintain "maximum pressure" on Pyongyang. | Video

Photo

North Korea says will stop nuclear tests, scrap test site

SEOUL North Korea will immediately suspend nuclear and missile tests and scrap its nuclear test site and instead pursue economic growth and peace, the North's state media said on Saturday, ahead of planned summits with South Korea and the United States. | Video