SEOUL, Cheil Worldwide Inc on Tuesday reported its fourth-quarter net income of 17.3 billion won (US$13 million), down 30 percent from a year earlier.

The company said in a regulatory filing that operating profit for the October-December period rose…

SEOUL, North Korea has shut down its diplomatic missions in Hong Kong and Libya, a foreign ministry official said Tuesday, as the recalcitrant regime struggles with economic challenges amid prolonged sanctions.

They are the latest in the list of ove…

PYEONGTAEK, South Korea, The new deputy commander of the U.S. Forces Korea (USFK) on Tuesday stressed the role of the South Korea-U.S. alliance and its “steadfast” dedication forged in the 1950-53 Korean War as he took office.

Lt. Gen. David R. Iver…

SEOUL, The Marine Corps will resume live-fire drills at a firing range in the southeastern city of Pohang later this year, the defense ministry said Tuesday, more than three years after training was halted due to noise complaints by nearby residents….

SEOUL, POSCO Future M Co. on Tuesday reported its fourth-quarter net loss of 102.1 billion won (US$76.8 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it posted an operating loss of 73.7 billion…

NAMYANGJU, South Korea, Former baseball player Jung Soo-keun was referred to the prosecution Tuesday on charges of hitting his wife with a golf club, officials said.

Jung, 47, was accused of striking his wife’s forehead once with a golf club at thei…