SEOUL, South Korea— South Korea, one of the world's largest nuclear electricity producers, will scrap plans to add nuclear power plants, its president said Monday, signaling a shift in decades of reliance on nuclear energy. President Moon Jae- in said South Korea will move away from nuclear energy and will not seek to extend the life of existing plants.
*13 lawyers to defend Jay Y. Lee in criminal trial. By Se Young Lee and Ju-min Park. SEOUL, March 3- Samsung chief Jay Y. Lee has handpicked 13 top lawyers to defend him against charges of bribing the South Korean president, nearly all of them former judges or prosecutors, according to the court where one of the richest men in the country will be tried.
South Korea's President-elect, Park Geun-hye, used her first major speech on Thursday to warn of the risks posed by a hostile North Korea and also fired a political shot across the bows of Japan's incoming Prime Minister Shinzo Abe.
The framework for a Free Trade Agreement (FTA) between South Korea and China may be ready in two years, said the South Korean President.
South Korea’s President Lee Myung-bak says Greece needs to accept the terms of a $130 billion international bailout agreed in March and there will be no disbursement of money from the International Monetary Fund (IMF), unless the country does so.