Seoul - Shares were sharply up Mo

Seoul, Oct. 13 : North Korea welcomed its removal from Washington’s list of terrorism sponsors and confirmed on Sunday that it would resume disabling its main nuclear weapons complex and allow international monitors back to the site.

Washington’s decision to take North Korea off the list of state sponsors of terrorism, announced Saturday, is an important symbolic gesture for the North, an isolated and poverty-stricken country, removing one of hurdles to gaining a measure of international acceptance.

But there is much in Washington’s tortuous relationship with North Korea that stays the same, including economic sanctions against the North, says the New York Times.

Seoul - A South Korean appeals court on Friday upheld the tax-evasion conviction and suspended three-year prison sentence for the former chairman of the Samsung Group, Lee Kun Hee.

The Seoul High Court reaffirmed the 110-billion-won (80-million-dollar) fine levelled against Lee, 66, at his sentencing in July and also confirmed his acquittal on breach of trust charges.

Lee, once the most powerful tycoon in South Korea, was accused of being responsible for dubious stock transactions in the mid-1990s that were designed to illegally transfer powers at Samsung to his only son, Lee Jae Yong.

Both courts found the elder Lee guilty of evading taxes on profits made in the stock trades.

Seoul - Shares nosedived Friday on the Seoul stock exchange on persistent concerns over a global economic recession, following losses in the US market. South Korea's won soared against the dollar after highly volatile trading.

The benchmark Kospi index fell 53.42 points, or 4.1 per cent, to close at 1,241.47.

Declining issues outnumbered advancers 758 to 104.

The main index of the technology-heavy Kosdaq market fell 19.56 points to 350.28.

Seoul - Shares closed slightly higher Thursday on the Seoul stock exchange as central banks around the world, including South Korea's, cut interest rates.

The benchmark Kospi index edged up 8.2 points, or 0.6 per cent, to close at 1,294.89.

Advancing issues outnumbered losers 414 to 406.

The main index of the technology-heavy Kosdaq market declined 1.63 points to 369.84.

Seoul - More than two years after the artist's death South Korea Wednesday opened a museum to honour media and video artist Nam June Paik.