South Korea

North Korea making final preparations for rocket launch

North Korea making final preparations for rocket launch Seoul - North Korea has begun final preparations for its controversial long-range rocket launch and could fire the weapon as early as Saturday, South Korean media reported on Friday.

"North Korea seems to have almost finished fueling the rocket, so it is highly likely it will launch it," The Korea Times quoted an anonymous government official as saying.

South Korean President Lee Myung-bak plans to convene a meeting of the National Security Council, and would send a special envoy to North Korea, the paper said.

Shares surge 3.5 per cent in Seoul

Shares surge 3.5 per cent in SeoulSeoul - Shares jumped Thursday

Shares jump 2.3 per cent in Seoul

Shares jump 2.3 per cent in SeoulSeoul  - Shares surged 2.3 per cen

South Korean exports drop 21 per cent in March

South Korean exports drop 21 per cent in March Seoul  - South Korean exports fell 21.2 per cent in March from the same month a year ago in their fifth-straight monthly decline as demand for the country's products weakened amid the global recession.

Exports from Asia's fourth-largest economy, which is largely dependent on exports, dropped to 28.3 billion dollars, the Ministry of Knowledge Economy said Wednesday.

Imports were down 36 per cent to 23.7 billion dollars, the balance creating a record trade surplus of 4.6 billion dollars.

North and South Korea face off once more in football

North and South Korea face off once more in footballSeoul - The football teams of North and South Korea meet for the fourth time in 2010 World Cup qualifying Wednesday as both countries continue their quest for a ticket to next year's finals in South Africa.

The previous three encounters have all ended in draws, the most recent result a 1-1 six months ago. However, the sporting encounters been the two teams have been overshadowed by the ongoing political tensions on the Korean Peninsula and Wednesday's match at the World Cup stadium in Seoul is proving no different.

North Korea arrests South Korean citizen, Seoul reports

North Korea arrests South Korean citizen, Seoul reports Seoul - North Korea has arrested a South Korean citizen for allegedly criticizing the communist country's political system and trying to incite a North Korean woman to defect, Seoul said Monday.

According to the Yonhap agency, citing the South Korean Unification Ministry, the arrested man is an employee of the Hyndai Asan company which is involved in a joint industrial park project at the border city of Kaesong.

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