Chinese President Xi Jinping’s two-day visit to North Korea, which starts Thursday, is seen to be aimed at strengthening China’s leverage against the US in the escalating standoff between the two superpowers over a broadening range of issues.Xi’s trip to Pyongyang, his first as China’s leader, comes a week before he meets with US President Donald Trump during the Group of 20 summit set to be held in Osaka, Japan, on June 28-29.By staging yet another scene of amicable talk

Two years ago, Naver, often referred to as the Google of South Korea, announced a plan to construct a massive data center in Yongin, Gyeonggi Province, just south of Seoul. Last week it withdrew the project worth 540 billion won ($455 million).Some of the residents living near the site of the center opposed the plan vehemently. They argued a high-voltage transmission line would generate a harmful amount of electromagnetic waves. Some of them were concerned that cooling water would contaminate th

President Moon Jae-in, who returned home from a tour of three Nordic countries on Sunday, apparently wanted the visit to highlight his efforts to get the stalled North Korean denuclearization talks back on track. In a series of speeches and remarks during the eight-day visit to Finland, Norway and Sweden, he emphasized the need for the North to restart negotiations with the US. He also urged Pyongyang to engage in other bilateral and multilateral dialogues to earn the international community&rsq

In yet another reflection of the negative impact of anti-business policy implemented by President Moon Jae-in’s administration, local companies have drastically increased overseas direct investments, while continuing to reduce domestic investments.South Korean companies’ ODI rose 44.9 percent from a year earlier to $14.11 billion in the first three months of the year, according to data released last week by the Ministry of Economy and Finance. The figure is the highest for any first