But in his New Year’s speech, the nation's leader refrained from discussing reports of nuclear weapons and long-range missiles.
Kim Yang Gon played a key role in talks between the two Koreas in August, after tensions peaked over an exchange of artillery fire.
The death of Kim Yang Gon, who played a key role in high-level talks between the two Koreas, could lead to a decline in bilateral relations, according to experts.
Choe Ryong Hae, who was once an adviser to leader Kim Jong Un, had been purged over a power plant malfunction.
Falling petroleum prices are dragging down the stock prices of energy companies and their suppliers around the world.
A state-run newspaper called on South Korea to bring down a controversial wall in order to improve relations between the two countries.
The simultaneous launch of different-sized Galaxy handsets would put Samsung in line with Apple's iPhone launch strategy.
Seven foreign vehicle-shipping companies were fined a total of $63 million after they were found to have colluded to raise shipping costs.
Monday's announcement comes just months after South Korea's former prime minister Lee Wan-koo resigned amid a bribery scandal.
Oil touched $38 per barrel on Thursday after falling below $36 per barrel, an 11-year low, earlier in the week.
The row over Korean women forced into prostitution for Japan's military brothels during World War Two remains the last major obstacle to better ties between the East Asian neighbors.
South Korea's antitrust watchdog ordered the conglomerate to simplify the corporate structure of its publicly listed companies earlier Sunday.
Volkswagen is dealing with the fallout of a global scandal after it was revealed that the company installed software on some of its vehicles to cheat on emissions tests.
At least 50,000 North Koreans are stationed overseas in some 20 countries as forced laborers and human rights activists are demanding accountability.
Rising imports have hurt productivity at U.S. steel mills, forcing them to operate at about two-thirds of their capacity.
The Pentagon announced Monday that the company reached its delivery goal for F-35 jets this year.
UBS estimated the agreement would boost Ericsson's operating profit by 13 percent in 2015 and 10 percent in 2016.
A late U.S. rally fueled by Apple, Microsoft and other technology companies also boosted investor sentiment.
Chinese consumers of wine, meat and smartphones are expected to benefit, but some in Australia are worried of the trade deal's impact on the country's labor sector.
Taiwan unexpectedly cut interest rates, citing slowing global growth.
The European Commission is set to implement rules that could see tech companies like Apple, Facebook and Google facing hundreds of millions of dollars in fines if they can't comply.
Despite last week's Paris climate deal, the two countries are set to add over 60 new coal-based power plants over the next 10 years.