WASHINGTON -- The United States on Tuesday threatened to impose additional sanctions on China if it fails to implement the new United Nations sanctions against North Korea.Treasury Secretary Steven Mnuchin explicitly mentioned China, saying the US would be willing to block North Korea's main ally and trade partner from accessing the global financial system."If China doesn't follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international d

GANGNEUNG -- Two of three teenagers were arrested Tuesday on charges of attacking a peer in the eastern seaside city of Gangneung in July.The two, whose identities have been withheld, were put behind bars after a district court issued warrants to detain them. A warrant for the third suspect has been denied. (Yonhap)The suspects are accused of repeatedly assaulting the victim on July 17 after school.Juvenile crimes drew keen public attention recently as video footage went viral of a middle school

North Korea on Tuesday condemned the U.N. Security Council's new sanctions resolution and warned the United States that it will face the "greatest pain" for leading the action, according to a news report. In its first reaction to new sanctions the UNSC adopted the previous day, North Korean Ambassador to Geneva Han Tae-song was quoted as saying that it "condemns in the strongest terms and categorically rejects the latest illegal and unlawful U.N. Security Council resolution."Kim Jong-un (Yonhap)

Kumho Asiana Group, South Korea's airline-to-construction conglomerate, said Tuesday it has submitted a self-rescue plan for its tire unit to creditors. The move comes as the creditors asked the group to prepare a self-help program for Kumho Tire Co. by 6:00 p.m. following the collapse of a deal to sell the tire company to China's Qingdao Doublestar. The Kumho Tire plant in Gwangju (Yonhap)Main creditor Korea Development Bank (KDB) confirmed that the business group had forwarded a set of measure

Former German Chancellor Gerhard Schroeder advised South Korea Tuesday to continue efforts to bring North Korea to dialogue and resolve the nuclear issues peacefully and diplomatically. "North Korea is clearly a criminal regime. It thinks it can victimize its own people and continues to develop and test nuclear weapons," he said in a press conference held on the occasion of the publication of the Korean version of his 2006 autobiography. "In order to block this, the international community shoul

South Korea's top economic policymaker said Tuesday that he has no immediate plan to raise property ownership tax as a tool to cool down the speculative movement in the local real estate market.The government earlier announced a series of strong measures to curb price hikes in the capital city and its surrounding areas. It designated Seoul and other cities, including the administrative city of Sejong, as "overheated speculative districts" to tighten mortgage rules and restrict transact

South Korean organizers for the 2018 PyeongChang Winter Games on Tuesday unveiled the official promotional posters for the Olympics and Paralympics. The organizers introduced three posters each for the Olympic Games and the Paralympic Games next year. They added that the posters for South Korea's first ever Winter Games will be distributed to 2,000 government organizations, schools, train stations and sports facilities nationwide. This image provided by the PyeongChang Winter Games organizing co

This year's UN crop survey in North Korea is likely to be scuttled again for the fourth consecutive year due to no request to carry out the audit from the reclusive country, a US broadcaster said Tuesday. The North Korean authorities have yet to make any request for a harvest survey to the Food and Agriculture Organization this year, Voice of America said, citing an e-mail from FAO spokeswoman Sandra Ferrari.  A North Korean man waters a dried-up field by mobilizing a fire truck during a severe

South Korea is considering "diverse" diplomatic measures aimed at increasing global pressure on North Korea to make it give up its nuclear and missile ambitions, the foreign ministry said Tuesday."Diverse diplomatic measures are under consideration to intensify the international community's pressure on the North in case it continues its provocations," Cho June-hyuck, foreign ministry spokesman, told a regular press briefing. (Yonhap)On Monday (US time), the UN Security Council unanimously adopte

Oil prices in North Korea are soaring amid expectations of fresh tough sanctions over the North's latest nuclear test, a US broadcaster reported Tuesday, as the UN Security Council approved a new resolution to limit the reclusive nation's oil imports.Oil prices are skyrocketing just a week after the North conducted its sixth and strongest nuclear test on Sept. 3. Prior to the test, gasoline was sold for 13,000 North Korean won ($101.24) per kilogram, Radio Free Asia said, citing sources who are

South Korean stocks closed higher Tuesday as institutional buyers scooped up shares, taking a cue from overnight Wall Street gains, analysts said. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index advanced 6.39 points, or 0.27 percent, to close at 2,365.47. Trade volume was moderate at 328 million shares worth 4.9 trillion won ($4.3 billion), with gainers outnumbering losers 455 to 334.The local stock market opened higher as market sentiment was boosted by

The sale of imported commercial vehicles in South Korea fell 20 percent in August from a month earlier due to lower demand, an industry association said Tuesday. Five foreign commercial vehicle companies -- MAN Truck & Bus Korea, Daimler Trucks Korea, Volvo Trucks Korea, Scania Korea and Iveco -- sold a combined 302 vehicles in August, down from 378 in the previous month, the Korea Automobile Importers and Distributors Association said in a statement. (Yonhap)In the January-August period, the fi

Hyundai Motor Co. has unveiled a new subcompact crossover and high-performance vehicles at the Frankfurt Motor Show, a move to expand into the European markets, the company said Tuesday.In a media event ahead of the formal launching of the event that runs from Sept. 14 through 24 (local time), Hyundai Motor showcased 14 models, including its latest subcompact SUV Kona and the high-performance car i30N, the company said in a statement. On top of the 14 car models introduced to the media, five mor