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Body of fugitive South Korea ferry tycoon 'found by police': report SEOUL: South Korean police believe they have found the body of a fugitive business tycoon wanted after the Sewol ferry sank in April killing hundreds, a report said on Tuesday.A massive manhunt had been launched for billionaire Yoo Byung-eun, a 73-year-old patriarch whose family own ferry operator Chonghaejin Marine Co. He went on the run shortly after the vessel sank killing over 300, most of them school children. A heavily decomposed body found last month by police has matched the DNA of Yoo's older brother, Yonhap news agency reported early Tuesday, leading police to believe they have located the fugitive businessman's corpse.Yonhap reported that the body was discovered on June 12 in a plum field in Suncheon, a city 300 kilometres (186 miles) south of Seoul. The body was lying face up and was clothed in a winter jacket and hat."We carried out a DNA test after finding a dead ...

Angry Australia PM says Ukraine crash probe resembles 'garden clean-up' SYDNEY: Australia's prime minister voiced deep concern on Monday that Russian-backed rebels remained in control of the crash site of a Malaysian airliner shot down over Ukraine, saying the site looked more like a "garden clean-up" than a forensic investigation.At least 27 Australian passengers were among the 298 people aboard Malaysian Airlines Flight MH17, shot down over eastern Ukraine in an attack the West has blamed on separatist rebels armed by Russia.Prime Minister Tony Abbott, ...
Iran complying with nuclear deal: UN watchdog VIENNA: Iran has diluted its entire stock of medium-enriched uranium as required under a November deal with world powers, the UN atomic agency said in its latest report seen by AFP Monday. Even as talks to reach a nuclear deal with Iran were extended beyond an initial July 20 deadline, the International Atomic Energy Agency (IAEA) said Tehran was standing by its international commitments. As agreed under a so-called Joint Plan of Action reached in ...
Ten held in China after fiery bus crash that killed 43 BEIJING: Chinese authorities on Monday detained 10 people after 43 died in a horrific weekend accident when a van carrying inflammable liquid hit a bus on a motorway, state media said.Police detained the group as part of an investigation into the "illegal transportation of hazardous chemicals", a report by official news agency Xinhua said.The collision in central Hunan province early Saturday triggered a fire and explosion which destroyed five vehicles, it said.The death toll was ...
Taiwan student facing firing squad over subway massacre TAIPEI: Taiwanese prosecutors on Monday said they were seeking the death penalty for a man accused of killing four people and wounding nearly two dozen others in a stabbing spree on the Taipei subway that shocked the island.Cheng Chieh, a 21-year-old college student, was charged with four accounts of murder and 22 accounts of attempted murder for the fatal attack on May 21, the first of its kind on the city's subway system since it ...
China says spy ship operations 'in line with international law' BEIJING: Beijing has defended its dispatch of a spy ship to international waters off Hawaii, near where Chinese vessels are taking part in a US-led naval exercise for the first time, reports said Monday.The defence ministry said the vessel's activities are in line with international law, reported the Global Times, which is close to the ruling Communist party.Reports in the US quoted the US Navy saying that a Chinese surveillance vessel had been found operating ...
Magnitude 6.2 earthquake hits off Japan's northeast coast: USGS TOKYO: A 6.2-magnitude earthquake struck off Japan's northeast coast early Monday morning, the US Geological Survey said.The agency said the quake struck at 02:32am (1732 GMT Sunday) in the Pacific Ocean at a depth of 70 kilometres (44 miles) north east of Japan's Hokkaido island, close to the disputed Russian-administered Kuril Islands.There were no immediate reports of damage. USGS had earlier given the quake a slightly higher 6.6 magnitude and a shallower 60 kilometre depth ...

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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln