SEOUL, South Korea’s ruling party chief on Wednesday opposed the idea of the country acquiring its own nuclear weapons in response to North Korea’s growing arsenal, saying the potential losses outweigh the benefits.

Han Dong-hoon, who heads the Peop…

SEOUL, South Korea’s broadcasting watchdog on Wednesday approved that an affiliate of the mid-sized conglomerate Eugene Group becomes the largest shareholder of the local news channel YTN.

The Korea Communications Commission (KCC) said it decided to…

SEOUL, Kangwon Land Inc. on Wednesday reported its fourth-quarter net profit of 78 billion won (US$58.7 million), up 746.1 percent from a year earlier.

The company said in a regulatory filing that it posted 42.1 billion won in operating profit for t…

SEOUL, KTandG Corp., South Korea’s dominant tobacco company, said Wednesday it shifted to a net profit in the fourth quarter from a year earlier on a weak won and robust exports.

KTandG swung to a net profit of 117.12 billion won (US$88 million) in …

SEOUL, Netmarble Corp., a major South Korean game developer and publisher, said Wednesday it remained in the red in the fourth quarter from a year earlier due to sluggish sales.

The company said in a regulatory filing it logged a net loss of 195 bil…

SEOUL, South Korean shares closed higher Wednesday, snapping a two-day losing streak amid an extended buying streak by foreign investors. The local currency fell slightly against the U.S. dollar.

The benchmark Korea Composite Stock Price Index gaine…