No classified information containing telephone conversations between South Korean President Lee Myung-bak and U.S. President Barack Obama have been leaked, the Foreign Ministry here said over the weekend, denying speculations over the Chinese hacking incident. Speculations soared over the weekend after Shin Hak-yong, lawmaker of the main opposition Democratic Party, claimed to have received a repo

Probe team focuses on one area at U.S. baseThe allegations that a large amount of Agent Orange was buried at Camp Carroll, a U.S. base in Waegwan, North Gyeongsang Province, in 1978 are expected to be confirmed after June 21, experts said Sunday.A Korea-U.S. joint probe team has been investigating the camp, a key logistical support center for the U.S. troops here, since late last month following t

The military is striving to tighten discipline in cyberspace as an increasing number of tech-savvy enlisted soldiers are caught breaking rules on Internet use.While South Korea prides itself on being one of the world’s most wired countries, widespread video recording devices and access to the Internet have created a headache for the military.The military has been running 82 “cyber patrol teams” in

Air travelers will likely pay more fuel surcharges for long-haul flights and less for short-haul flights starting July at the earliest as the government looks to better adjust the rates to fluctuations in jet fuel prices, officials said Sunday.　Fuel surcharges are an extra charge added to the ticket price of air flights, to cover the cost of fuel rates. The Ministry of Land, Transport and Maritime

Korea plans to launch a fund to help foreign investors bring in skilled labor and technology from overseas in target sectors. The Global Win-Win Fund will be created in August or September with 100 billion won ($92.6 million) and expanded to 300 billion won ($278 million) over the next two years, the Ministry of Knowledge Economy said Sunday. Of the total, the state-run Korea Finance Corporation p

Prosecution charges foreign brokerage workers for the first time; Kyobo Securities brokers also face trialThe prosecution said Sunday it had indicted two former employees of the Hong Kong branch of Credit Suisse Group AG on charges of manipulating Korean stocks.It is the first time staff of a foreign investment bank have been indicted in Korea on such charges, though there was a similar case invol

WASHINGTON (DPA) ― The U.S. government is selling its remaining 6-percent equity in carmaker Chrysler to Italy’s Fiat SpA for $500 million, the U.S. Treasury Department announced last week.“After the completion of this transaction, Treasury will have fully exited its TARP investment in Chrysler Group LLC,” the department said in a statement.TARP refers to the Troubled Asset Relief Programme launch

Renault Samsung Motors began operating the global supply support center for Korea-made components, expanding opportunities for parts suppliers in the overseas market. The company opened a consultation desk for part suppliers within its Purchasing Division located in its technical center in Giheung, south of Seoul, to answer their inquiries about exports. “Through the operation of the Global Supply