South Korea

South Korean man on rampage leaves 6 dead and 7 injured

South KoreaSeoul - A South Korean man went on a rampage Monday in Seoul, setting fire to an 85-room lodging and stabbing five people to death, local media reported.

The unemployed 31-year-old suspect first set fire to his room in a low-cost lodging facility in Seoul and then stabbed other residents with a knife while fleeing the fire, Yonhap news agency reported.

Shares soar more than 2 per cent in Seoul

Shares soar more than 2 per cent in SeoulSeoul - Shares surged 2.3 per cent Monday on the Seoul stock exchange after gains on other Asian markets.

The local currency also soared against the dollar after the South Korean government announced measures at the weekend to ease the liquidity crunch and prop up the troubled financial industry.

The benchmark Kospi index rose 26.96 points to close at 1,207.63.

Advancing issues outpaced decliners 405 to 402.

The main index of the technology-heavy Kosdaq market rose 0.91 points to 353.09.

IMF welcomes South Korea bank rescue package

International Monetary Fund chief, Dominique Strauss-KahnWashington, Oct 20: The International Monetary Fund chief, Dominique Strauss-Kahn, has welcomed South Korea's move to join international rescue efforts to ease pressures in the local dollar funding market.

"The announced guarantee of banks' external liabilities will bring Korea''s policies closer in line with advanced countries, including some in the region, and help ease pressures in the local dollar funding market," The News quoted Strauss-Kahn, as saying.

Seven new countries get visa-free access to US

Washington - Seven new countries will be added to the United States' visa-waiver programme after meeting new security requirements aimed at reducing the threat of terrorism, President George W Bush announced Friday.

In about one month, citizens of the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Slovakia and South Korea will be able to visit the US for up to 90 days without obtaining a visa.

The admission was part of a long process that began some two years ago and has strained relations with US allies. Since the September 11, 2001 attacks on New York and Washington, the US has placed a variety of new security requirements on all foreign travellers.

Seven new countries get visa-free access to US

Seven new countries get visa-free access to US Washington - Seven new countries will be added to the United States' visa-waiver programme after meeting new security requirements aimed at reducing the threat of terrorism, President George W Bush announced Friday.

In about one month, citizens of the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Slovakia and South Korea will be able to visit the US for up to 90 days without obtaining a visa.

Seven new countries gain visa-free access to US

Seven new countries gain visa-free access to US Washington - The United States is admitting seven new countries to its visa waiver programme after finalizing security arrangements, President George W Bush announced Friday.

Within one month, citizens of the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Slovakia and South Korea, will be able to visit the US for up to 90 days without obtaining a visa.

Bush called it a "new chapter in the relationship between the United States and your nations."

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