The European Union will send 50 personnel fluent in Korean to North Korea soon to tighten the monitoring of the donated food there, a U.S.-funded radio station reported Wednesday. The plan comes as the EU announced earlier this week it will send food aid worth 10 million euros, or $14.5 million, to North Korea to feed the starving people. The first batch of food will be distributed in four of Nort

WASHINGTON (Yonhap News) ― North Korea or unidentified forces aligned with the communist nation may be preparing for full-fledged cyber-terrorism against South Korea or the United States, based on its “test” attacks in 2009 and earlier this year, a U.S. Internet security firm said Tuesday.In a special report, McAfee Inc. said North Korea or its “sympathizers” seem to have been responsible for the

On food aid...Food is a basic human need with water, shelter, education and primary health care. It is a prerequisite for health -- the most important component of human resource development. Food security is now listed among the social determinants of health which is clearly a determinant of HRD - life, dignity, civil society, progress, justice and sustainable development. As an awakened academic

Korea and Indonesia will hold the first round of feasibility study talks on a bilateral free trade deal this week, the Trade Ministry in Seoul said Wednesday.In 2007, a free trade agreement between South Korea and the Association of Southeast Asian Nations, which includes Indonesia, went into effect. But Seoul has been seeking to forge higher-level separate free trade deals with Indonesia, Malaysi

Korea’s automotive exports reached a record high in the first half of the year as local automakers increased their shares in overseas markets on the back of improved quality, a trade association said Wednesday.According to the Korea Automobile Manufacturers Association, local automakers exported a total of 1.55 million units in the first six months of the year, up 15.1 percent from a year earlier.

Hyundai Heavy Industries Co., the world’s leading shipbuilder, said Wednesday it will not bid for a stake in Hynix Semiconductor Inc., raising speculation that creditors may fail again to sell the world’s second-largest computer memory chipmaker.Hyundai Heavy had been regarded as the sole potential investor for the 15 percent stake up for sale.“We decided not to submit a bid for Hynix Semiconducto

Samsung Electronics Co. will likely report lower-than-expected earnings for the second quarter, hit by flagging demand for TVs and slumping display prices, analysts said Wednesday. Samsung, Asia’s largest maker of smartphones, TVs, chips and display panels, is estimated to have earned 3.35 trillion won ($3.14 billion) in the April-June period, compared with 4.28 trillion won a year earlier, accord

The National Pension Service, the world’s largest public pension, is under fire for its alleged lack of supervision of its staff operating a huge fund after the nation’s top auditor found irregularities. The Board of Audit and Inspection said some NPS officials were found to have given business favors to brokerages with school background ties in exchange for entertainment and money.The public agen