South Korea

South Korea's GM Daewoo to halt production line for month

GM DaewooSeoul - South Korea's GM Daewoo Auto and Technology Co, a subsidiary of the financially troubled US carmaker General Motors Corp, said Tuesday that it would halt a production line in December because of sagging sales brought on by the global financial crisis.

The assembly line for mid-sized cars and sports utility vehicles at GM Daewoo's largest plant at Bupyong near Seoul is to come to a halt from Monday through January 4, a company spokesman said in Seoul.

A second production line at Bupyong for compact cars is to be closed down from December 22 to January 4, just like GM Daewoo plants at Kunsan and Changwon.

South Korea expresses regret over North Korea restricting inter-Korean programs

Seoul, Nov. 24: South Korea on Monday expressed "serious regret" over North Korea''s decision to restrict inter-Korean economic cooperation programs.

North Korea announced early in the day that it will suspend tourist program to its border city of Kaesong, shut border-crossings for economic cooperation and trade, halt the inter-Korean rail service and decrease South Korean manpower at the joint industrial complex at Kaesong from December 1.

North Korean Army announces five measures for boosting ties with South Korea

Shares fall sharply in Seoul

Shares fall sharply in SeoulSeoul - Shares tumbled 3.4 per cent Monday on

Shares gain almost 6 per cent in Seoul

Shares gain almost 6 per cent in SeoulSeoul - Shares jump

Groups release anti-North Korean flyers, defy government in Seoul

South KoreaSeoul - Private groups in South Korea on Thursday sent balloons carrying tens of thousands of anti-North Korean leaflets over the border with their communist neighbour, flouting the wishes of the South Korean government.

About 100,000 flyers were dispatched Thursday from a mountain near Seoul, the organizers said. Among the messages on the leaflets was a call for North Koreans to overthrow their Stalinist regime.

Similar flyers have sparked tensions this fall in inter-Korean relations as Pyongyang has accused the government in Seoul of being responsible for the leaflets and warned it repeatedly of serious consequences.

Pages