South Korea

South Korean opposition MPs in scuffle in parliament over draft laws

Seoul - Opposition lawmakers and security guards clashed in South Korea's parliament on Saturday during a sit-in by the members of parliament (MPs) and their supporters, according to media reports.

A scuffle erupted as more than 150 guards tried to clear the main meeting room of the National Assembly in Seoul of several lawmakers and their supporters.

Seoul plans to ransom kidnapped citizens from North Korea

Seoul - South Korea plans to pay for the release of former prisoners of war and other citizens kidnapped by communist North Korea, a news report said Tuesday.

Quoting government officials, the Chosun Ilbo newspaper said Pyongyang could be offered money, goods and food aid in exchange for the hostages.

Shares gain slightly on last trading day in Seoul

Seoul - Shares surged slightly on the year's last trading day Tuesday on the Seoul stock exchange, snapping a five-day losing streak.

The benchmark Kospi index rose 6.88 points, or 0.6 per cent, to close at 1,124.47. Advancing issues outpaced decliners 517 to 285.

But for the whole of 2008 the Kospi was down 41 per cent from last year's close of 1897.13.

Seoul: North Korea stable despite speculation over leader's health

Seoul - The situation in North Korea is stable and Kim Jong Il in firm control of the country despite enduring speculation over his health, a senior South Korean official said Monday.

South Korea bank delays deadline for Daewoo shipyard sale

Seoul - The sale of Daewoo Shipbuilding & Marine Engineering, the world's third largest shipbuilder will be delayed by about one month, South Korea's state-owned Korea Development Bank said.

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