ISLAMABAD (AP) -- An avalanche smashed into a Pakistani army base on a Himalayan glacier along the Indian border on Saturday, burying around 100 soldiers, the military said.Helicopters, sniffer dogs and troops were deployed to the remote Siachen Glacier to rescue those trapped, according to a military statement.The avalanche hit a battalion headquarters in the glacier's Gayari sector at 5:45 a.m,

North Korea may have moved the first stage of a long-range rocket on to its launch pad, ahead of its possible lift-off next week, according to a U.S. specialist website.The 38 North website (38north.org) said an April 4 photo of the launch site at Tongchang-ri in the country's northwest indicated the first stage of the Unha-3 rocket, while not visible, may be placed in the gantry.The impoverished

An opposition candidate taking flak for foul language has emerged as a key variable in the upcoming parliamentary race, political watchers said Saturday.Kim Yong-min, a candidate for the Democratic United Party (DUP), who made a series of vile sexual remarks and derogatory comments to senior citizens, has come under increasing pressure to step down after it was found that he attacked South Korea's

Should North Korea go ahead with a long-range rocket launch as early as next week, China will likely repeat its typically tepid and equivocal approach -- requesting the international community to act in a calm manner, an expert said Friday.Pyongyang will apparently try to ride on its renewed "blood alliance" with Beijing in defending itself from pressure from other regional powers, according to Ma

 

 

FSS predicts about 200 officials to gather in Seoul in late SeptemberKorea’s financial authorities are making their dispositions as the chair of one of the world’s three major regulatory meetings, slated for Sept. 29-Oct. 1 in Seoul. This is the first time that the nation will host the annual conference of the International Association of Insurance Supervisors, which will mark the 18th gathering s

But they remain skeptical about M&As at present stageMajor securities firms are moving to meet the regulatory requirements in a bid to attain recognition as large-sized investment banks.The brokerages, such as Daewoo Securities and Samsung Securities, are poised to resort to increasing their equity capital as an initial step rather than pushing for mergers among them.Most of them plan to increase

Financial regulators have issued a caution against Korea Exchange Bank for unauthorized lending practices and are poised to levy a fine on the lender.The Financial Supervisory Service said Wednesday that it has cautioned the bank for breaching banking laws.The Financial Services Commission is also considering imposing fines of an unspecified value on the bank. It will be holding a panel discussion

The possibility that the Korean currency will rise in value up to nearly 1,000 won against the U.S. dollar is growing with recent stronger position of the won.The dollar has slid to around 1,050 won, the cheapest level in nearly three years due mainly to the combination of a strong trade balance and policy factors. Research analysts say the won’s gain is logical. They cite three reasons in particu