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  • Samsung Elec says difficult to adopt holding company structure

    SEOUL (Reuters) -- Samsung Electronics Co Ltd said on Friday it will be difficult to adopt a holding company structure at this time, giving investors their first insight into how the South Korean tech giant is approaching a potential restructuring.I

    March 24, 2017 10:00 am JST
  • Brazilian meat scare sweeps across Asia

    HONG KONG/SEOUL -- The scandal over tainted meat from Brazil is shaking up Asian markets that have come to depend on the South American country's plentiful exports. Hong Kong, Macau and mainland China have each suspended imports, while South Korean

    March 23, 2017 11:59 pm JST
  • Nikkei Asia300 Index little changed as Trump caution weighs

    HONG KONG (NewsRise) -- Asian stocks were little changed Thursday despite a rebound on Wall Street as markets remained cautious about U.S. President Donald Trump's ability to pass major economic reforms.The Nikkei Asia300 Index was 0.01% higher at 1

    March 23, 2017 09:52 pm JST
  • With new CEO and global aim, Naver delves into 'deep tech'

    SEOUL -- Han Seong-sook became the first woman to lead a major South Korean technology company on assuming the role of chief executive of Naver on March 17. Now she faces the task of steering the country's largest IT business along pioneering paths

    March 23, 2017 11:00 am JST
  • Korea Electric eyes Toshiba's stake in UK nuclear venture

    SEOUL -- Korea Electric Power is keen to buy a stake in a U.K. nuclear venture from Toshiba, President Cho Hwan-eik said Wednesday, as the Japanese company pares its overseas nuclear business.NuGeneration, a joint venture between Toshiba and French

    March 23, 2017 01:00 am JST
  • Park maintains innocence in 14-hour grilling

    SEOUL -- Former President Park Geun-hye reportedly painted herself as innocent in questioning Tuesday over the corruption scandal that drove her from office.Park was grilled at the Seoul Central District Prosecutors' Office from shortly after 9:30 a

    March 22, 2017 07:31 am JST
  • Seoul equities market springs to life with big IPOs

    SEOUL -- South Korea's equities market is coming to life, led by an online game developer hoping to raise as much as 2.7 trillion won ($2.4 billion) in an initial public offering in April, the largest such deal in seven years.Netmarble Games said Mo

    March 21, 2017 07:14 pm JST
  • Hyundai Motor shares rally on restructuring hope

    SEOUL (Reuters) -- Hyundai Motor Co shares extended their rally on Tuesday, rising nearly 9 percent on hopes the automaker and its affiliates will be restructured.Market speculation is that activist hedge fund Elliott Management Corp may have bought

    March 21, 2017 02:56 pm JST
  • Asia most represented region on Forbes' list

    NEW YORK/TOKYO -- The number of billionaires across the world topped 2,000 for the first time ever, with the Asia-Pacific region home to more than anywhere else, 720 to be precise, according to Forbes' annual rich list.In the list released on Monday

    March 21, 2017 12:41 pm JST
  • Korean Peninsula still suffering 'strife of princes'

    SEOUL -- A month has passed since North Korea's Kim Jong Nam was assassinated in Malaysia. There is strong suspicion the murder was committed by Pyongyang, and the South Korean government alleges North Korean leader Kim Jong Un, Jong Nam's half-brot

    March 20, 2017 02:00 pm JST
  • Jeju Island goes green as Chinese tourists go elsewhere

    SEOUL -- South Korea's Jeju Island is turning to planet-friendly pursuits to power its economy and reduce its reliance on fickle tourists and agriculture.The shift in focus comes as the number of Chinese visitors declines, following South Korea's de

    March 19, 2017 05:00 pm JST
  • Park's impeachment leaves South Korea adrift

    SEOUL South Korea's disgraced former President Park Geun-hye is gone. Hundreds of thousands took to the streets of Seoul to celebrate on March 11.The eight-member Constitutional Court ruled unanimously to uphold Park's impeachment on the grounds tha

    March 16, 2017 10:00 am JST
  • South Korea semiconductor exports break record again

    SEOUL -- South Korean semiconductor exports grew 57% on-year in February to a record $6.5 billion, driven by Chinese demand for smartphone memory chips, according to South Korea's trade ministry.The figure marks a second consecutive month of record

    March 16, 2017 06:45 am JST
  • Premium iPhone 8 will come with curved OLED screens: source

    TAIPEI -- The most expensive handsets in the upcoming iPhone 10th anniversary range will feature advanced organic light-emitting diode screens that have curved edges, to be solely provided by Samsung Electronics, a source familiar with the design sa

    March 15, 2017 10:45 pm JST
  • Rising LNG demand offers lifeline to South Korean shipbuilders

    SEOUL -- South Korean shipbuilders are showing signs of recovery after a long slump on the back of increasing demand for liquefied natural gas carriers, analysts and company officials said Wednesday.The nation's top three shipbuilders -- Hyundai Hea

    March 15, 2017 08:30 pm JST
  • South Korean tobacco giant's hefty profit draws fire

    SEOUL -- South Korea's largest tobacco company, KT&G, is facing fiery criticism at home after reporting a profit margin surpassing the manufacturing sector average by 700%.KT&G's consolidated group results showed an operating margin of around 44% fo

    March 15, 2017 05:30 am JST
  • Mitsui O.S.K. claims megaship bragging rights -- but not for long

    GEOJE, South Korea -- Mitsui O.S.K. Lines has unveiled the world's largest containership, aiming to save on shipping costs and take advantage of recovering rates, though competitors making similar investments could send the market sinking once again

    March 15, 2017 02:00 am JST
  • China's top chipmaker downplays rivalry with US

    SHANGHAI --The technology sector in China is still not sophisticated enough to compete with the U.S. in the global chip market, the chairman of China's top contract chipmaker said on Tuesday."The Chinese chip sector is still very weak in its prelimi

    March 15, 2017 12:50 am JST
  • Kumho Tire chairman threatens to sue creditors

    SEOUL -- Kumho Asiana Group Chairman Park Sam-koo is threatening to take legal action against Korea Development Bank, pressuring the state lender to allow him to bid for a controlling stake in Kumho Tire through a consortium.The transportation-focus

    March 14, 2017 08:10 pm JST
  • China restrictions clobber South Korean tourism stocks

    HONG KONG -- South Korea is in political turmoil, with President Park Geun-hye thrown out of office over corruption allegations. Now, a dark shadow looms over the country's stock market as well.After China placed restrictions on travel to South Kore

    March 14, 2017 06:55 pm JST