South Korea

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Asian giant's chief apologizes for shipping chaos

The chairman of South Korea's Hanjin Group on Oct. 4 apologized for the "cargo chaos" caused by the collapse of its shipping unit, but insisted the company could, and should, be salvaged.

Hanjin Shipping, the world's seventh largest shipping company, is seeking bankruptcy protection at home and in the U.S. after creditors rejected its latest plan to deal with a $5.37 billion debt.

US bombers in show of force against N Korea

Two huge U.S. bombers flew over South Korea on Sept. 13 in a show of force against the North as a top U.S. envoy said China must help close loopholes in sanctions following Pyongyang's largest-ever nuclear test.

The supersonic B-1B Lancers reached airspace over the U.S. Osan Air Base at Pyeongtaek, 64 kilometers south of Seoul, at around 10 a.m.

Nikolic receives farewell visit from South Korean ambassador

BELGRADE - President Tomislav Nikolic received a farewell visit from South Korean Ambassador Lee Do-hoon on Friday.

He noted the relations between their two countries were very good and thanked Lee for the Republic of Korea's vote against Kosovo's UNESCO membership bid, noting that Serbia's cultural heritage could not be preserved by those who had been destroying it.

North Korea confirms it carried out nuclear test

North Korea has confirmed it has conducted its most powerful nuclear test to date, marking the 68th anniversary of its founding with a reminder to the world that it may be edging closer to developing a warhead capable of striking the US mainland. The news of the test was confirmed in a state television news bulletin, according to Chinese news agency Xinhua.

Iran and South Korea set to triple trade to $18 bln

Iran and South Korea have decided to triple their annual trade volume to $18 billion, President Hassan Rouhani announced on May 2 after meeting his South Korean counterpart Park Geun-Hye.

"The two sides decided to increase by three times the current trade volume of around $6 billion (5.2 billion euros) to $18 billion," Rouhani said in a joint televised press conference.

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