The Financial Services Commission said it has suspended Domin Mutual Savings & Finance, based in Chuncheon, Gangwon Province, saying that the bank’s capital shortages were excessive.The latest suspension of the bank came after the financial regulator forced six savings banks to halt their business last week, as their asset erosion and capital shortages triggered jittery depositors to withdraw thei

TOKYO (AP) -- At least two Japanese exchange students were trapped and another 11 missing in the powerful New Zealand earthquake after it sent their language school tumbling down around them as they ate lunch, school and government officials said.A group of 23 students and teachers from Toyama College of Foreign Languages was eating lunch when the quake struck Tuesday, severely damaging the buildi

South Korean President Lee Myung-bak on Tuesday urged chief envoys to foreign countries to keep pace with the rapid changes in the world."You should redouble efforts to catch up with the ever-changing world," Lee told a group of South Korean envoys to overseas countries."I want you to work more actively. Being bound to instructions will not promise any progress," he said.A total of 115 ambassadors

South Korea is advising its people in Libya to leave the unrest-hit country, officials said Tuesday, as anti-government protests escalated across the African nation with rioters attacking a string of Korean-run construction sites.Concern about the safety of about 1,400 South Koreans staying in Libya, most of them construction firm workers, has spiked after a series of South Korean-run construction

South Korean people enjoy Chinese movies and food, while Chinese people like Korean television dramas, a survey showed on Monday.According to the poll of 313 South Koreans and 616 Chinese by the Korean Culture and Information Service, 23.6 percent of South Koreans selected Chinese movies as the nation’s most satisfying piece of culture, and 20.8 percent chose Chinese food.Meanwhile, 36.4 percent o