Tesla Motors was in Korea this week for its first investor relations in the country.To cut a long story short, the press and investors seemed to have made a big fuss over nothing.“The Tesla executives seemed to have nothing to say to us. We even asked if there was anything they needed to discuss with us but the answer was no,” an official at the National Pension Fund told The Korea Herald. NPS is a major institutional investor that is investing up to 80 trillion won in the local stock market. It

Japan has made clear its intention to not exercise its right to so-called collective self-defense on the Korea Peninsula without consent from Seoul, the foreign ministry here said Thursday."A ranking security official from the Japanese government has informed us of (Japan's) position that Japanese military forces cannot be deployed to the Korean Peninsula by invoking the collective self-defense rule," South Korea's foreign ministry spokesman Cho Tai-young said in a briefing. Japan's position is

In the latest move to solidify his control over North Korea, leader Kim Jong-un made an appearance at a meeting of the country's security personnel, a South Korean government source said Thursday. South Korea's unification ministry source said the recent meeting likely held on Wednesday between Kim and members of the Korean People's Army (KPA) security forces seems to have been orchestrated by Pyongyang to bolster Kim's image as the supreme commander and to secure backing from the key "grass roo

South Korean stocks traded 0.94 percent lower late Thursday morning amid the rising woes over a tapering of quantitative easing moves by the United States, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) moved down 18.88 points to 1,998.36 as of 11:20 a.m.Shares lost ground across the board, with Samsung Electronics falling 1.84 percent and Hyundai Motor losing 0.39 percent. Top steelmaker POSCO shed 0.15 percent.Builders also traded bearish, with Hyundai Engineering & Cons

Democratic Party lawmaker Lim Su-kyung on Wednesday lost a defamation suit against a lawmaker and a former spokesman of the ruling party, who claimed she called former North Korean leader Kim Il-sung “father” on a visit to Pyongyang.“Although there is no evidence to prove the Saenuri Party’s accusation as true, (the comments) were neither malicious nor libelous enough to constitute as illegal,” the Seoul Central District Court said in its ruling. The court added that the comments, made by Saenur

North Korea has made progress in its nuclear weapons program to a level that it can produce weapons-grade uranium to make a bomb on its own, South Korea's defense chief said Wednesday."We evaluate that North Korea can build a nuclear weapon using uranium," Defense Minister Kim Kwan-jin said during an interpellation session at the National Assembly, giving a rare assessment on the reclusive nation's nuclear program.In regard to North Korea's 5-megawatt reactor that was reactivated in April, Kim s

The United Nations unanimously adopted a resolution that denounces North Korea's worsening human rights violations, including its brutal treatment of political prisoners in the communist country, Seoul's foreign ministry said Wednesday.Adopted on Tuesday (New York time) by the Third Committee dealing with human rights issues, it was the U.N.'s 9th annual resolution on North Korean human rights and the second unanimously consented one, according to the Ministry of Foreign Affairs.China, Russia, C

The son of a state senator in the U.S. stabbed his father in the head and chest Tuesday before apparently killing himself with a gun, according to initial reports from police.Authorities were still piecing together a motive and the circumstances that led up to the stabbing of Virginia state Sen. Creigh Deeds.“We're leaning towards it being an attempted murder/suicide,” Virginia State Police spokeswoman Corrine Geller said. Deeds' 24-year-old son, Gus, died at the home of a gunshot wound. Geller

South Korean stocks traded 0.54 percent lower late Wednesday morning due mainly to losses in technology firms and carmakers, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) moved down 11.02 points to 2,020.62 as of 11:20 a.m.Tech shares traded lower, with Samsung Electronics falling 0.81 percent and SK hynix losing 1.79 percent. Samsung Electro-Mechanics, an industrial parts maker, shed 1.04 percent.Carmakers also traded bearish, with No. 1 player Hyundai Motor decreasing 1