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  • Missile defense still an issue for US, South Korea

    WASHINGTON -- American and South Korean officials have agreed to delay transferring control of joint wartime operations to the government in Seoul until it can better counter the North Korean threat, leaving the topic of missile defense untouched.

    October 25, 2014 05:48 am JST
  • Chinese slowdown taking toll on South Korean economy

    SEOUL -- South Korea is starting to pay the price for its heavy reliance on China as exports to the Asian giant slump. July-September exports slipped 2.6% from the preceding quarter, the sharpest drop since the financial crisis, according to pre

    October 25, 2014 04:18 am JST
  • New development bank a marker of China's greater ambitions

    BEIJING -- The agreement reached Friday to form a China-led development bank signaled the country's drive to carve out a larger role for itself in the international financial order and secure more resources. Twenty-one nations, including China,

    October 25, 2014 03:52 am JST
  • Global Net companies see tilted playing field in South Korea

    SEOUL -- South Korea boasts one of the highest Internet and mobile penetration rates in the world. Last year, its citizens ranked behind only the Japanese in terms of spending on the Google Play app store. The country is also the home of the wildly

    October 24, 2014 07:00 pm JST
  • 21 nations sign accord for China-led development bank

    BEIJING -- A total of 21 countries signed a memorandum of understanding in Beijing on Friday for the establishment of a China-led multinational bank. Representatives from Southeast Asia and the Middle East, as well as China, India and Mongolia,

    October 24, 2014 02:00 pm JST
  • U.S. to delay wartime operation control transfer to S. Korea until 2020

    SEOUL (Kyodo) -- South Korea and the United States have agreed on delaying until mid-2020 the transfer of wartime operation control to South Korea, South Korea's Defense Ministry spokesman said Friday. The agreement was finalized at the 46th ann

    October 24, 2014 12:10 pm JST
  • Ex-finance chief Nukaga to meet with S. Korea's Pres. Park

    SEOUL (Kyodo) -- Former Japanese Finance Minister Fukushiro Nukaga, a veteran legislator of Prime Minister Shinzo Abe's Liberal Democratic Party, is to meet with President Park Geun Hye later Friday, according to South Korea's presidential office.

    October 24, 2014 12:00 pm JST
  • Fujifilm going all in on hipster instant camera

    TOKYO -- Fujifilm has what may be a global hit on its hands in the form of the Instax mini, a tiny camera that takes instant photos, so the company is adding as much as 30% more production capacity to ride the wave. The Instax mini, known as the

    October 24, 2014 02:57 am JST
  • Japanese brewers seek Asia-Pacific growth for flagship beers

    TOKYO -- Kirin Brewery will start selling its mainstay Ichiban Shibori beer by the keg in Malaysia this fall, while rival Asahi Breweries is getting ready to open an Australian bar showcasing its claim to fame, Super Dry. Both Japanese brewers s

    October 24, 2014 01:15 am JST
  • Hyundai's operating profit down 18% for July-September

    SEOUL -- Hyundai Motor's operating profit fell 18% on the year to 1.65 trillion won ($1.56 billion) for the three months ended Sept. 30, declining for a second straight quarter. Although automobile sales rose 2% to 1.18 million vehicles, the str

    October 24, 2014 01:11 am JST
  • Posco's operating profit gets a lift from auto steel

    SEOUL -- Posco's operating profit rose 39% on the year to 879 billion won ($832 million) for the July-September quarter, South Korea's largest steelmaker announced Thursday. Steel sheet for automobiles sold well in the U.S. and China, while iron

    October 24, 2014 12:56 am JST
  • Seeking sustainable social security in an aging Asia

    What does the future of social security hold for Asia? Answers to this difficult question are increasingly important as the region's population ages quickly. The sustainability of such systems remains insecure in most countries regardless of the dif

    October 23, 2014 01:00 pm JST
  • Cambodia, Laos bourses languish despite economic growth

    PHNOM PENH -- More than three years after establishing their respective stock exchanges, Cambodia and Laos are both struggling to attract companies ready -- or willing -- to list on them. With the members of the Association of Southeast Asian Na

    October 23, 2014 01:00 pm JST
  • S. Korea unlikely to join China-led Asia bank: report

    SEOUL (Kyodo) -- South Korea has bailed out of a plan to join a China-led multinational bank to finance infrastructure projects in Asia, a Seoul daily reported Thursday. The JoongAng Ilbo said South Korea initially expressed support for the deve

    October 23, 2014 12:08 pm JST
  • Initial agreement expected on China's Asia development bank

    BEIJING -- Countries considering participation in the Asian Infrastructure Investment Bank, a China-led initiative, will likely sign a memorandum of understanding this week, according to Chinese Finance Minister Lou Jiwei. He made the announceme

    October 23, 2014 06:15 am JST
  • Samsung fixes sights on biomedicine as next big thing

    SEOUL -- Samsung Electronics knows that blistering smartphone demand cannot last forever, and as such, the group is determined to find the next big thing. But mapping out a new growth model is proving to be easier said than done. "Most of the pr

    October 23, 2014 12:00 am JST
  • Lotte tries to catch pop culture wave with new Seoul megamall

    SEOUL/BANGKOK/DALIAN -- As big-budget shopping malls pop up across Asia, to varying degrees of success, South Korea's newest would-be consumer hot spot is attempting to capitalize on the country's prolific pop culture. Lotte World Mall opened Oc

    October 23, 2014 12:00 am JST
  • Japan still not seeing the renewable light

    Environmentalists hail renewable energy as a key to curbing climate change. Solar panels, wind turbines, geothermal power stations and hydroelectric facilities emit no carbon dioxide, unlike power plants that burn coal and oil. Renewables also make

    October 23, 2014 12:00 am JST
  • High growth in Asia-Pacific of high net worth individuals

    SINGAPORE -- The wealth held by high net worth individuals (HNWIs) in emerging Asia is predicted to grow at about 12.3% annually from 2013 to 2016, and at about 8.4% for their counterparts in more mature Asian economies, according to the Asia-Pacifi

    October 21, 2014 09:07 pm JST
  • China woos Australia, South Korea for regional development bank

    BEIJING -- China is seeking to rope Australia and South Korea into the Asian Infrastructure Investment Bank partnership to boost the institution's prestige and make it less menacing to the world's existing financial order. The fifth consultation

    October 21, 2014 05:06 am JST