Seoul - US president-elect Barack Obama vowed to closely cooperate with South Korea on achieving the nuclear disarmament of communist North Korea, the presidential office in Seoul said Friday.

Obama promised South Korean President Lee Myung Bak in a telephone conversation to further strengthen the alliance between their two countries. The incoming US president referred to the Seoul-Washington relationship as a "cornerstone of peace and stability in Asia," Lee's office said.

The two leaders also agreed to closely cooperate in dealing with the global financial crisis.

Seoul - Shares crashed Thursday on the Seoul stock exchange a

Seoul - Shares surged for the fi

Seoul (S. Korea), Nov. 4 : South Korean Defence Minister Lee Sang-hee has claimed that North Korea is building a new missile launch site, which will be capable of firing an even longer-range missile than the country has tested in the past.

According to Fox News, Lee Sang-hee told parliament that construction on the new missile site on North Korea''s west coast, which began eight years ago, was about 80 percent complete.

Seoul - Shares surged more than 2 per cent Tuesday on the Seoul stock exchange led by construction and bank stocks that are expected to benefit from recent government measures to stimulate the econ