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North Korea announced Friday the successful test of a new high-precision, tactical guided missile, as its army threatened a “devastating” retaliation against South Korea for carrying out live fire drills near their maritime border.

North Korea's economy expanded an estimated 1.1 percent in 2013, marking the third consecutive year of positive growth, South Korea's central bank said Friday.

North Korea said Friday that leader Kim Jong Un has guided the test launches of its newly developed precision guided missiles, in a possible reference to three short-range projectiles South Korean officials say the North fired toward its waters a day earlier.
North Korea tests new precision-guided missiles


South Korea's president has decided to retain the country's current prime minister — who holds the No. 2 spot in the government — after two possible replacements for the job both abandoned their nominations because of questions over past behavior, officials said Thursday.

As parents of the dead wept, more than 70 teenagers who survived a ferry sinking that killed hundreds of their schoolmates walked in a somber procession Wednesday to their first classes since the April disaster.
Ferry survivors have tearful return to school


South Korea's prime minister-nominee withdrew from consideration Tuesday following mounting criticism over alleged pro-Japanese remarks he made.
S. Korea's prime minister-nominee withdraws


The South Korean army captured a soldier Monday who it says killed five comrades and then fled into the forest where he holed up with a rifle for two days before shooting himself as pursuers closed in.
S. Korea captures soldier accused of killing 5


A South Korean military conscript who killed five members of his unit near the border with North Korea was captured Monday after wounding himself following a 24-hour standoff with thousands of troops.
Army captures killer S. Korean conscript


South Korean troops traded fire in a standoff Sunday with a cornered conscript soldier who went on the run after shooting dead five members of his unit on the border with North Korea.
Standoff with S. Korean soldier who killed five comrades


South Korean police on Saturday made apparent headway in the manhunt for a fugitive businessman wanted over April's ferry disaster with the capture of his wife.
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