Heekyong Yang
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North Korea warns of retaliatory actions over defectors in South

North Korea warns of retaliatory actions over defectors in South

By , SEOUL (Reuters) - The sister of North Korea’s leader has warned of retaliatory measures against South Korea that could involve the military, in the latest escalation of tensions over defectors from the North who have been sending back propaganda and food.Kim Yo Jong, who serves unofficially as one of Kim Jong Un’s top aides, issued the warning in a statement carried by state news agency KCNA on Saturday.“By exercising my power authorized by the Supreme Leader, our Party and the state, I gave an instruction to the ... department in charge of the affairs with (the) enemy to decisively...

June 14, 2020
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North Korea warns of retaliatory actions over defectors in South

North Korea warns of retaliatory actions over defectors in South

By , SEOUL (Reuters) - The sister of North Korea’s leader has warned of retaliatory measures against South Korea that could involve the military, in the latest escalation of tensions over defectors from the North who have been sending back propaganda and food.Kim Yo Jong, who serves unofficially as one of Kim Jong Un’s top aides, issued the warning in a statement carried by state news agency KCNA on Saturday.“By exercising my power authorized by the Supreme Leader, our Party and the state, I gave an instruction to the ... department in charge of the affairs with (the) enemy to decisively...

June 13, 2020
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The art of re-emergence: North Korea leader Kim appears after long gap

The art of re-emergence: North Korea leader Kim appears after long gap

By , SEOUL (Reuters) - When North Korea broke a three-week silence on leader Kim Jong Un’s public activity on Saturday, it offered no clue where he has been during a period of intense global speculation about his health and whereabouts, or why he was hidden from the public for so long.Instead, state media simply showed him surrounded by aides and appearing confident at a gleaming fertiliser factory that is believed by outside experts to be part of a secret nuclear-weapons programme.While much remains a mystery about Kim’s condition, the abrupt re-emergence of the relaxed and smiling leader...

May 2, 2020
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South Koreans return to work, crowd parks, malls as social distancing rules ease

South Koreans return to work, crowd parks, malls as social distancing rules ease

By , SEOUL (Reuters) - South Koreans are returning to work and crowding shopping malls, parks, golf courses and some restaurants as South Korea relaxes social distancing rules amid a continued downward trend in coronavirus cases.A growing list of companies, including SK Innovation and Naver, has ended or eased their work from home policy in recent weeks, though many continue to apply flexible working hours and limit travel and face-to-face meetings.Parks, mountains and golf courses brimmed with visitors over the weekend, while shopping malls and restaurants were slowly returning to...

April 20, 2020
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After rumours about health, North Korea state media report Kim Jong Un appearance

After rumours about health, North Korea state media report Kim Jong Un appearance

By , SEOUL (Reuters) - After weeks of intense speculation about the health of North Korean leader Kim Jong Un, the country’s official media said he had attended the completion of a fertiliser plant, the first report of his appearance since April 11.In a report on Saturday, the Korean Central News Agency (KCNA) said Kim cut a ribbon at the ceremony on Friday and those attending the event “burst into thunderous cheers of ‘hurrah!’ for the Supreme Leader...”U.S. President Donald Trump, who met Kim three times in 2018 and 2019 in unprecedented but unsuccessful personal attempts to persuade him...

May 1, 2020
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S.Korean battery makers agree $1.8 bln settlement, aiding Biden's EV push

S.Korean battery makers agree $1.8 bln settlement, aiding Biden's EV push

Register now for FREE unlimited access to Reuters.comWASHINGTON/SEOUL, April 11 (Reuters) - South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over trade secrets dispute, avoiding a potential setback for U.S. electric-vehicle (EV) ambitions.The settlement by affiliates of two of South Korea's biggest conglomerates comes hours before a Sunday deadline for the administration of President Joe Biden to decide whether to take the rare step of reversing a U.S. International Trade Commission decision (ITC).The core dispute had threatened the EV...

April 10, 2021
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South Korea's LG becomes first major smartphone brand to withdraw from market

South Korea's LG becomes first major smartphone brand to withdraw from market

By , SEOUL (Reuters) - South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market.Slideshow Its decision to pull out will leave its 10% share in North America, where it is the No. 3 brand, to be gobbled up by Samsung Electronics and Apple Inc with its domestic rival expected to have the edge.“In the United States, LG has targeted mid-priced - if not ultra-low - models and that means Samsung, which has more mid-priced product lines than...

April 5, 2021
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Hyundai, Kia say Apple car deal now off, see $8.5 billion wiped off market value

Hyundai, Kia say Apple car deal now off, see $8.5 billion wiped off market value

By , SEOUL (Reuters) - South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding.Wiping $3 billion off its market value, Hyundai’s stock slid 6.2%. Shares in its affiliate Kia Corp, which had been tipped in local media reports as the likely operational partner for Apple, tumbled 15% - a $5.5 billion hit.The announcement brings the curtain down on weeks of internal divisions at Hyundai Motor Co Group - parent to both automakers...

February 8, 2021
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Samsung first-quarter beats estimates; chips likely to prop up virus-hit second-quarter

Samsung first-quarter beats estimates; chips likely to prop up virus-hit second-quarter

By , The global leader in semiconductors is benefiting from higher demand for chips from laptop makers and data centres amid the coronavirus-driven shift to working from home, even as its mobile and consumer electronics businesses suffer.Samsung said operating profit was expected to be 6.4 trillion won ($5.2 billion) in the quarter ended March, compared with 6.2 trillion won a year ago and the 6.2 trillion won estimate from analysts according to Refinitiv SmartEstimate.Revenue likely rose 5% to 55 trillion won from a year ago, in line with the 55.6 trillion won estimate.The maker of...

April 7, 2020
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After rumours about health, North Korea state media report Kim Jong Un appearance

After rumours about health, North Korea state media report Kim Jong Un appearance

By , SEOUL (Reuters) - After weeks of intense speculation about the health of North Korean leader Kim Jong Un, the country’s official media said he had attended the completion of a fertiliser plant, the first report of his appearance since April 11.In a report on Saturday, the Korean Central News Agency (KCNA) said Kim cut a ribbon at the ceremony on Friday and those attending the event “burst into thunderous cheers of ‘hurrah!’ for the Supreme Leader...”U.S. President Donald Trump, who met Kim three times in 2018 and 2019 in unprecedented but unsuccessful personal attempts to persuade him...

May 2, 2020
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