Seoul - North Korea announced Tuesday it will boycott international negotiations on ending its nuclear weapons programme and restore nuclear facilities that have been disabled as part of an earlier multilateral agreement. The Six-Party Talks "in which we are participating have become no longer necessary," the state-run Korean Central News Agency said.
The statement came in response to a United Nations Security Council statement from Monday condemning an earlier rocket launch.
Seoul - South Korea on Tuesday welcomed a statement by the United Nations Security Council condemning North Korea's rocket launch earlier this month. "North Korea will have to clearly recognize that the international community issued a stern and unified stance through the Security Council's presidential statement and refrain from provocative acts undermining the peace and stability on the Korean Peninsula and North-East Asia," Foreign Ministry spokesman Moon Tae-young said.
Seoul (South Korea), Apr. 11 : North Korean leader Kim Jong Il's three sons are not the only ones with strong enough family connections to make them contenders for power as their father, weak and still ailing, casts about for a successor.
According to the Christian Science Monitor, Kim is also counting on the economic acumen of his brother-in-law, Jang Song Taek, to buttress his regime.
Seoul - Shares jumped Thursday on the Seoul stock exchange on the central bank's decision to freeze its key interest rate for the second straight month and expectations for better corporate earnings ahead. South Korea's won rose against the dollar.
The benchmark Kospi index soared 54.28 points, or 4.3 per cent, to close at 1,316.35.
Advancing issues outnumbered decliners 780 to 109.
The main index of the technology-heavy Kosdaq market gained 20.62 points, or 4.47 per cetn, to close at 481.45.
Seoul - Ailing South Korean carmaker SsangYong Motor plans to cut 2,650 jobs, about one-third of its workforce, the company said Wednesday.
The cash-strapped SUV maker, which is under creditor protection, also announced wage cuts and sales of property and other company assets. China's Shanghai Automotive Industry Corp (SAIC) holds a 51-per-cent state in the South Korean company.
The lay-offs are part of a package of survival measures which the smallest of South Korea's five carmakers had to come up with to prevent the company's dissolution.
Seoul - North Korea announced Tuesday it will boycott international negotiations on ending its nuclear weapons programme and restore nuclear facilities that have been disabled as part of an earlier multilateral agreement. The Six-Party Talks "in which we are participating have become no longer necessary," the state-run Korean Central News Agency said.
Seoul - South Korea on Tuesday welcomed a statement by the United Nations Security Council condemning North Korea's rocket launch earlier this month. "North Korea will have to clearly recognize that the international community issued a stern and unified stance through the Security Council's presidential statement and refrain from provocative acts undermining the peace and stability on the Korean Peninsula and North-East Asia," Foreign Ministry spokesman Moon Tae-young said.
Seoul (South Korea), Apr. 11 : North Korean leader Kim Jong Il's three sons are not the only ones with strong enough family connections to make them contenders for power as their father, weak and still ailing, casts about for a successor.
Seoul - Shares jumped Thursday on the Seoul stock exchange on the central bank's decision to freeze its key interest rate for the second straight month and expectations for better corporate earnings ahead. South Korea's won rose against the dollar.
Seoul - Ailing South Korean carmaker SsangYong Motor plans to cut 2,650 jobs, about one-third of its workforce, the company said Wednesday.
