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  • Company in focus

    Hyundai Motor confronts twin crises in China, US

    SEOUL/SHANGHAI -- "We'll give you an additional discount of 7,000 yuan ($1,035) on top of the 20,000 yuan," salesman Zhao Wenxi told a potential customer in mid-July at a Shanghai dealership of South Korea's Hyundai Motor.The popular Tucson SUV mode

    July 23, 2017 12:00 pm JST
  • Another Park Geun-hye focuses on her work as city council member

    GIMCHEON, South Korea -- Park Geun-hye, South Korea's first female president, was impeached last year and eventually arrested after becoming embroiled in a scandal. The country has another female politician with the same name -- Park Geun-hye, 44, a

    July 22, 2017 12:00 pm JST
  • Posco shares briefly hit 34-month high on improved Q2 results

    HONG KONG -- Shares of Posco attracted investors on Friday morning. As soon as the market opened, the shares briefly soared to 331,000 won, up 1.2% from Thursday, renewing the year-to-date high. It was the highest since Sept. 29, 2014.After trading

    July 21, 2017 12:22 pm JST
  • Samsung turns to LG as supplier of LCD panels

    SEOUL -- Samsung Electronics will procure liquid crystal display panels from LG Group, the first full-fledged partnership between the two longtime South Korean rivals.LG Display will soon begin supplying panels 40 inches and larger to Samsung, a sou

    July 21, 2017 03:45 am JST
  • Posco profit surges 44% on recovering steel demand

    SEOUL -- Posco's operating profit soared 44% to 979.1 billion won ($869 million) in the April-June quarter, the major South Korean steelmaker said Thursday.Recovering steel demand in advanced economies and a reduction in output by Chinese steel prod

    July 21, 2017 03:27 am JST
  • CEO of top South Korean military supplier resigns over corruption scandal

    SEOUL -- The chief executive of Korea Aerospace Industries, Ha Sung-yong, resigned Thursday amid a corruption scandal in which the state-owned military company is alleged to have manipulated costs for the development of military aircraft by tens of

    July 20, 2017 06:58 pm JST
  • South Korea's SK Telecom to test self-driving tech on road

    SEOUL -- SK Telecom will test autonomous vehicles on public roadways in its effort to develop vehicle communications technology based on the next-generation mobile phone standard.South Korea's largest wireless carrier said Wednesday it has secured g

    July 20, 2017 04:22 am JST
  • South Korean bank adding forex to Japanese mobile repertoire

    TOKYO -- Shinhan Bank, a unit of South Korea's Shinhan Financial Group, will soon start accepting currency exchange orders around the clock in Japan via the Line Pay mobile payment platform.Entering the currencies and the amount, the user specifies

    July 20, 2017 02:10 am JST
  • Hyundai Motor to begin production at fifth China factory in August

    SEOUL (Reuters) -- South Korean automaker Hyundai Motor Co said on Wednesday it will begin production at its fifth factory in China in August, as it hopes to reverse a sales slump in the world's biggest auto market where a diplomatic spat has hit Ko

    July 19, 2017 03:22 pm JST
  • Samsung Elec to recover rare metals from recalled Note 7s

    SEOUL (Reuters) -- Tech giant Samsung Electronics Co Ltd said on Tuesday it plans to recover 157 tonnes' worth of rare metals from recalled Galaxy Note 7 smartphones in a bid to minimise the environmental impact of the fire-prone devices.Samsung sai

    July 18, 2017 11:45 am JST
  • Nanya forecasts continued tight DRAM supply

    TAIPEI -- Taiwan's leading memory chipmaker Nanya Technology on Monday said the supply of dynamic random access memory (DRAM) chips would continue to be tight in the second half, driven by demand for data center servers, dual cameras in handsets, ot

    July 17, 2017 11:10 pm JST
  • Chinese, South Korean, Indian apparel makers landing in Ethiopia

    ADDIS ABABA -- Ethiopia is fast developing into a dynamic apparel-sourcing hub as low labor costs lure international clothing makers to the African nation.Manufacturers from China, South Korea, India and other countries have opened new plants in the

    July 17, 2017 03:02 pm JST
  • South Korean interns head to Japanese companies

    While comfort women and other historic issues have strained relations between Japan and South Korea, college students from the peninsula apparently now see promise in working for Japanese companies.The Japan-Korea Economic Association has conducted

    July 16, 2017 09:39 pm JST
  • Samsung updates silver screen for LED era

    SEOUL -- Samsung Electronics has opened the curtains on what it calls the world's first cinema screen that works without a projector, using light-emitting diodes instead to produce its own picture.The first viewings on the LED screen at Lotte Cinema

    July 15, 2017 01:03 am JST
  • Seoul readies to defend 'win-win' trade deal against Trump pressure

    SEOUL -- As the U.S. seeks to rework what it considers an unfair free trade agreement with South Korea, Seoul hopes to persuade its ally that the deal has actually benefited both sides.South Korean President Moon Jae-in on Thursday directed Blue Hou

    July 14, 2017 02:13 am JST
  • South Korea, Taiwan, China lead surging chip investment

    TOKYO -- Global chipmaking leaders South Korea, Taiwan and mainland China likely will drive investment in semiconductor manufacturing equipment to an all-time high this year, with Samsung Electronics and others scrambling to fill roaring demand for

    July 13, 2017 11:13 am JST
  • Gadget assembler Foxconn harbors big-brand ambitions

    TAIPEI Terry Gou, founder and chairman of Hon Hai Precision Industry, seemed caught off guard and unprepared to talk outside his hotel in Osaka in early June when approached by a Nikkei Asian Review reporter.But Gou soon loosened up, taking the oppo

    July 13, 2017 10:00 am JST
  • South Korean panel makers get caught in the OLED shift

    SEOUL South Korea's two panel makers are expected to post record-high earnings in the second quarter, due largely to an uptick in the overall market. The outlook, however, is not entirely sunny for Samsung Display and LG Display as they struggle to

    July 13, 2017 10:00 am JST
  • Apple to use OLED screens in new iPhones next year: Sources

    TAIPEI Apple is planning to use organic light-emitting diode displays in all new iPhone models, starting in the second half of 2018, according to two industry sources.One said that Apple is tentatively looking at releasing three new models next year

    July 13, 2017 10:00 am JST
  • Asia is a growing force in global industry, survey shows

    TOKYO Asian companies are a growing force in industry, taking the largest global market share in 27 out of 57 product and service categories last year, according to a major annual survey.Asian players are strong in information technology and electro

    July 13, 2017 10:00 am JST