K^+K^- production in two-photon collisions has been studied using a large data sample of 67 fb^{-1} accumulated with the Belle detector at the KEKB asymmetric e^+e^- collider. We have measured the cross section for the process gamma gamma -> K^+ K^- for center-of-mass energies between 1.4 and 2.4 GeV, and found three new resonant structures in the energy region between 1.6 and 2.4 GeV. The angular differential cross sections have also been measured.
We have measured pi+pi- and K+K- production in two-photon collisions using 87.7 /fb of data collected with the Belle detector at the asymmetric energy e+e- collider KEKB. The cross sections are measured to high precision in the two-photon center-of-mass energy (W) range between 2.4 GeV < W < 4.1 GeV and angular region |cos theta^{*}| < 0.6. The cross section ratio sigma(gammagamma->K+K-)/sigma(gammagamma->pi+pi-) is measured to be 0.89 +- 0.04(stat) +- 0.15(syst) in the range of 3.0 GeV < W < 4.1 GeV, where the ratio is energy independent. We observe a sin^{-4} theta^{*} behavior of the cross section in the same W range. Production of chi_{c0} and chi_{c2} mesons is observed in both gammagamma -> pi+pi- and gammagamma -> K+K- modes.