A South Korean company in the inter-Korean industrial zone in North Korea paid about $7,000 in corporate income tax to the North last year, the Unification Ministry said Wednesday.It was the first time a South Korean company has paid a tax to North Korea since 2004 when the two Koreas opened the complex in the North's border city of Kaesong to boost cross-border economic cooperation.South Korean c

Rep. Kim Tae-ho of the ruling Saenuri Party said Wednesday he will join the party's primary to compete with the leading candidate Park Geun-hye for the presidential nomination.The former South Gyeongsang Province governor is the fourth contender in the primary scheduled for late August, though former party chief Park is widely expected to clinch the nomination for December's election.Earlier this

South Korean stocks started lower on Wednesday following overnight losses on Wall Street, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.03 points, or 0.6 percent, to 1,818.42 in the first 15 minutes of trading.Large-cap shares lost ground, with Samsung Electronics slipping 0.27 percent and Hyundai Motor falling 1.54 percent.U.S. stocks fell for a fourth session on T

South Korea's jobless rate inched up in June from a month earlier amid worries that businesses are holding back hiring due to lingering market uncertainty caused by the eurozone debt problems, a report showed Wednesday.The jobless rate stood at 3.2 percent last month, up from 3.1 percent in May, according to the report by Statistics Korea. The seasonally adjusted unemployment rate held steady at 3

South Korean stocks closed 0.36 percent lower on Tuesday as investors' sentiment was undermined by fruitless European meetings and pessimistic Chinese economic data, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) lost 6.68 points to 1,829.45. Trading volume was light at 363.9 million shares worth 3.3 trillion won ($2.89 billio

Police say they followed a trail of potato chips to catch a southwestern Pennsylvania burglary suspect.Washington police say 21-year-old Benjamin Sickles was arrested early Thursday after he allegedly broke into a Subway restaurant and stole several bags of snacks.Investigators say Sickles broke a glass door before trying to open the cash register. They say he made off with nine bags of chips afte

The United Nations agreed Tuesday to mediate between South and North Korea with the aim of forming a unified team for some events at the 2015 World University Games, organisers said.Wilfried Lemke, the special UN adviser on sports for development and peace, signed a cooperation agreement with the Universiade organising committee in the southwestern city of Gwangju.It calls for efforts to create jo

게이츠 재단 등 자선단체에 기부`투자의 귀재'로 잘 알려진 억만장자 투자자 워런 버핏이 자신이 소유한 투자회사 버크셔 해서웨이 주식 19억달러(한화 약 2조1천726억원) 상당을 자선재단 등에 기부했다.버핏은 9일(현지시간) 버크셔 해서웨이의 클래스B 주식 2천240만주의 기부 계획을 공개했다.버핏이 기부할 주식 중 대부분인 1천840만주(15억달러 상당)는 마이크로소프트(MS) 창업자 빌 게이츠가 설립한 자선 단체인 '빌&멜린다 게이츠 재단'에 간다.또 180만주의 주식은 버핏 자신이 설립한 재단에 기부되며, 버핏의 세 자녀가 설립한 재단에 각각 64만3천203주가 기부된다.이 밖에 2천만달러에 이르는 23만8천165주의 주식이 8개 자선재단에 기부되며, 버핏이 주최한 투자 콘테스트 최종전 진출자인 초등학생 15명에게 각 10주의 주식이 전달될 예정이다.버핏은 총 441억달러에 이르는 자신의 자산 대부분을 점진적으로 기부하겠다는 뜻을 밝혀 왔으며, 그동안에도 수시로 기부를 해 왔다

South Korean stocks started higher on Tuesday as foreign investors scooped up shares of local heavyweights, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) rose 4.02 points, or 0.22 percent, to 1,840.15 in the first 15 minutes of trading.Market bellwether Samsung Electronics climbed 0.36 percent and its smaller rival LG Electronics rose 0.33 percent.Shipbuilders also lent sup

South Korean midfielder Park Ji-sung has joined the Queens Park Rangers (QPR) from Manchester United, sources said Monday.QPR officially announced at a press conference in London that Park has signed with the British Premier League team.The 31-year-old Korean player attended the press meeting wearing his new uniform, with QPR owner Tony Fernandes and manager Mark Hughes, according to the sources.Q