South Korea's anti-trust watchdog said Thursday it has fined the country's two major airlines a total of 10 million dollars for hampering the activities of low-budget operators. Main flag carrier Korean Air was fined 10.39 billion won (9.2 million dollars) while the number two Asiana Airlines was hit with a 640 million won fine, the Fair ...

US experts in weapons of mass destruction are taking part in a military exercise simulating an attack by North Korea on South Korea, the US commander in the South said Thursday. The communist North has bitterly denounced the US-South Korean exercise as a preparation for a nuclear attack, and vowed to respond to any aggression with its atomic weapons. The ...

South Korea's central bank left its key interest rate at a record low Thursday amid international sovereign debt concerns and as the institution prepares for a leadership change. The Bank of Korea said it kept the benchmark seven-day repurchase rate at 2 percent. The decision ...