DAEGU, July 19 (Yonhap) -- Former ruling party leader and strong presidential contender Park Geun-hye said Tuesday that she will keep her constituency in her stronghold city of Daegu in next year's

SEOUL, July 19 (Yonhap) -- Prosecutors on Tuesday cleared local banks of criminal liability in their controversial sale of a risky foreign currency derivative to small and medium-sized companies ye

SEOUL, July 19 (Yonhap) -- South Korea's financial regulator on Tuesday put the brakes on local financial groups' moves to dole out substantial amounts of dividends to their shareholders.

SEOUL, July 19 (Yonhap) -- South Korea's efforts to break the deadlock in relations with North Korea are unlikely to see progress any time soon as Pyongyang is believed to have purged dozens of sen

SEOUL, July 19 (Yonhap) -- Foreign Minister Kim Sung-hwan on Tuesday gave a pep talk to a 15-year-old leukemia patient who dreams of becoming a diplomat, encouraging her to fully recover from the c

SEOUL, July 19 (Yonhap) -- Shares of South Korea's three mobile carriers were not affected much on Tuesday by the news that a consortium of small and medium enterprises is seeking to enter the alre

By Lee Youkyung

SEOUL, July 19 (Yonhap) -- President Lee Myung-bak will preside over an emergency meeting of economic ministers Wednesday to discuss ways to bring rising consumer prices under control, his spokesma

(ATTN: ADDS foreign ministry spokesman's quotes, details in paras 7-12)

SEOUL, July 19 (Yonhap) -- South Korea's central bank needs to closely monitor Europe's fiscal crisis and the health of the U.S. economy in managing its monetary policy, experts said Tuesday.