GM Korea and union to talk again on Friday, seek to stave off bankruptcy

By Hyunjoo Jin SEOUL, Apr 20 : General Motors’ South Korean unit and its labour union are set to hold another round of wage talks on Friday afternoon, keen to stave off a threat by the U.S. automaker to seek bankruptcy for the loss-making unit. GM, which in February announced its plan to shut down […]

South Korea says discussing peace deal with NKorea ahead of summit

By Josh Smith and Ju-min Park SEOUL, Apr 18 : South Korea said on Wednesday it is considering how to change a decades-old armistice with North Korea into a peace agreement, as U.S. officials confirmed an unprecedented top-level meeting with the North Korean leader. U.S. Secretary of State nominee and CIA Director Mike Pompeo became […]

KFA issue guidelines to address pollution concerns

By Joori Roh SEOUL, Apr 17 : South Korea’s professional soccer league may start cancelling games due to poor air quality after the national governing body issued guidelines to protect players and fans from pollution. Worsening air pollution has been a chronic problem in South Korea, especially during the spring, and has resulted in the […]

SKorea’s March Iranian crude oil imports down 39.3 pct y/y

By Jane Chung SEOUL, Apr 15 : South Korea’s March crude oil imports from Iran dropped 39.3 percent from a year earlier on slowing demand for Iranian oil, the country’s customs data showed on Sunday. In March, the world’s fifth-biggest crude oil importer, imported 1.37 million tonnes of Iranian crude, or 324,612 barrels per day […]

title=”UPDATE 2-GM says sticking to April 20 deadline for GM Korea restructuring” data-text=”UPDATE 2-GM says sticking to April 20 deadline for GM Korea restructuring” dir=”auto” class=”headline”>GM says sticking to April 20 deadline for GM Korea restructuring

By Joseph White and Hyunjoo Jin DETROIT/SEOUL, Apr 13 : General Motors Co’s president said common ground must be reached on a long-term financial restructuring of GM’s South Korean auto unit by April 20 and if there was none, the operation would likely seek bankruptcy protection. GM has been in talks since February, seeking support […]

South Korean court jails former president Park for 24 years

By Hyonhee Shin and Heekyong Yang SEOUL, Apr 6 : A South Korean court jailed former President Park Geun-hye for 24 years on Friday over a scandal that exposed webs of corruption between political leaders and the country’s conglomerates. Park became South Korea’s first democratically elected leader to be forced from office last year when […]