Ten South Korean petrochemical companies have agreed to restructure their operations, including large cuts to their naphtha-cracking capacity, government officials said on Wednesday.

South Korea is urging its struggling petrochemicals sector to slash excess capacity and restructure operations amid a global glut that has depressed petrochemicals margins and threatened the industry in many Asian and European countries.

The value of shipments increased 7.6 per cent from a year earlier in the first 20 days of August. Read more at straitstimes.com. Read more at straitstimes.com.

The popular holiday island has issued visitor guidelines for the first time as it sees an increasing number of tourists.

Tuesday’s accident at state-operated Korail shows that the Lee Jae-myung administration’s pledge to reduce workplace deaths is just for show.

SEOUL (Reuters) -South Korean President Lee Jae Myung said he intended to stick to existing agreements with Japan tied to its colonial rule of the Korean peninsula, including one on the treatment of Korean women forced to work in its military brothels.

The former first lady told a confidant that she had contemplated death to protect her husband, Yoon Suk-yeol, from further punishment.

South Korea’s new liberal president, Lee Jae Myung, says he will seek to restore a 2018 military agreement with North Korea aimed at reducing border tensions and urged Pyongyang to respond to Seoul’s efforts to rebuild trust and revive dialogue.