SEOUL, Kumho Petro Chemical Co. said Monday its fourth-quarter net income tumbled 44.7 percent from a year earlier due to waning global demand for petrochemical products.

Its net profit stood at 82.5 billion won (US$61.8 million), compared with 149….

SEOUL, North Korea’s recent series of missile launches using diverse platforms indicate its efforts to develop more powerful and harder-to-detect weapons, posing a challenge to South Korea’s missile defense system, experts said Monday.

North Korea t…

SEOUL, SK Biopharmaceuticals Co. said Monday it shifted to net profit in the fourth quarter from a net loss a year earlier, driven by higher sales in the United States.

The net profit came to 7.8 billion won (US$5.8 million) in the October-December …

WASHINGTON, The United States urged North Korea Sunday to refrain from further “threatening” activity and engage in “serious and sustained” diplomacy, after Pyongyang fired several cruise missiles, the latest in a recent series of its weapons tests.
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SEOUL, North Korean leader Kim Jong-un has overseen the test-fire of submarine-launched cruise missiles and reviewed a project to build a nuclear-powered submarine, state media reported Monday.

The new Pulhwasal-3-31 strategic cruise missile precise…

SEOUL, Kumho Petro Chemical Co. on Monday reported its fourth-quarter net income of 82.5 billion won (US$61.8 million), down 44.7 percent from a year earlier.

Operating profit for the October-December period was 36.7 billion won, down 67.8 percent f…