ADDIS ABABA, Ethiopia – South Korean President Lee Myung-bak arrived in Ethiopia on Friday for a three-day visit that includes economic cooperation talks with Prime Minister Meles Zenawi and a series of activities paying tribute to Ethiopia's participation in the Korean War.Ethiopia is one of the 16 nations that sent combat troops as part of U.N. forces to help South Korea repel invading North Kor

Hana Financial Group and Lone Star Funds reached an agreement to extend a deal to buy Korea Exchange Bank within six months, Hana said Friday.Hana, the nation’s No. 4 banking group, held a meeting of its board members later in the day to review the terms of the deal.In November, Hana struck a deal with the U.S. buyout fund to acquire its controlling 51 percent stake in KEB for 4.69 trillion won ($

Korea-U.S. investigation team finds suspicious spots in Camp CarrollCHILGOK, North Gyeongsang Province ― A joint Korea-U.S. investigation team found signs that metallic objects, shaped like drums, may be buried underground at one of the U.S. military camps in Korea, team officials said Friday. The team will now take samples of soil from as far as 10 meters deep to verify a claim by U.S. veteran St

A soldier had killed himself at the Marine Corps Second Division near Seoul just a day before Monday’s shooting rampage at his division, military officials said Friday, as investigations continued into the case that killed four soldiers. Authorities said they are investigating whether habitual bullying was rampant among marines at the division in Ganghwa, Gyeonggi Province, leading to the two trag

British American Tobacco Korea said it reduced the price of the superpremium “Dunhill SWITCH” by 200 won to 2,800 won ($2.60) from Friday.BAT Korea reportedly said the company took the action in consideration of consumers’ burden on the price of the cigarettes.The company introduced the new brand with “RELOC” inner wrapping on the local market on June 7. (cheesuk@heraldm.com)

The Korea Communications Commission said Friday it has dispatched a group of officials to the headquarters of Apple Inc. and Google Inc. in the U.S. for its ongoing probe over location data storage.The investigation committee, which consists of six experts from the KCC and the Korea Internet & Security Agency, will overhaul how the two tech giants utilize resources stored in their servers until Ju

 

 

 

Since moving to Philadelphia, I’ve often visited the room in Independence Hall where the Founding Fathers signed the Declaration of Independence and the Constitution.As July Fourth approached, I felt a special need to return there to pay tribute to the qualities that enabled those men to establish a democratic system. I refer to their ability to compromise and show tolerance for the opinions of ot

The Board of Audit and Inspection has recently told the National Pension Service to fire an executive and sanction two others for tampering with performance evaluations of brokerage companies that carry out stock transactions on behalf of the NPS. The board’s action is disturbing as it suggests some of the fund managers at the NPS have problems with their integrity. Given the huge amount of assets

The newly elected five leaders of the ruling Grand National Party will hold a workshop tomorrow with key members of the party’s policymaking team to discuss how they would promote policies aimed at improving the livelihoods of ordinary people. The meeting is timely as confusion over the party’s welfare policies has escalated following the inauguration of the new leadership on July 4. But whether t