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  • Company in focus

    South Korea's new energy plan puts pressure on Kepco

    SEOUL/JEJU - The blades of some 20 wind turbines spin at the Sinchang Wind Power Complex, off the western coast of Jeju, South Korea's popular resort island. The turbines, run by a subsidiary of Korea Electric Power, are part of a project to make th

    May 28, 2017 12:00 pm JST
  • Seoul lets humanitarian group contact North Koreans

    SEOUL -- A South Korean humanitarian organization can communicate with North Koreans, the Ministry of Unification here said Friday, in a possible key step toward President Moon Jae-in's goal of resuming talks with Pyongyang.The Korean Sharing Moveme

    May 27, 2017 12:37 am JST
  • Samsung to set up $450m fund to help subcontractors

    SEOUL -- Samsung Electronics will introduce a scheme aimed at helping its secondary suppliers operate on a more solid financial footing.The South Korean conglomerate will set up a new fund worth 500 billion won ($448 million), whose function is to p

    May 26, 2017 04:59 am JST
  • East Asian workers remarkably disengaged

    TOKYO -- Workers in East Asia are much less engaged in their jobs than their counterparts in the rest of the world, a recent survey by Gallup shows. Experts say East Asian companies need to alter their management styles before disengaged workforces

    May 25, 2017 10:40 pm JST
  • Asian companies shine in Forbes Global 2000

    TOKYO -- Chinese banks topped the list and a slew of Asian corporations were featured in the Forbes Global 2000 ranking of the world's largest and most powerful public companies, reflecting the region's growing economic clout.Industrial and Commerci

    May 25, 2017 02:30 pm JST
  • Bank of Korea keeps rates unchanged for 11th month, in line with forecasts

    SEOUL (Reuters) -- South Korea's central bank kept interest rates unchanged for a 11th straight month on Thursday, opting for stability in its first policy review since President Moon Jae-in's inauguration.The Bank of Korea's monetary policy committ

    May 25, 2017 10:29 am JST
  • Japan welcomes a record number of tourists in April

    TOKYO Summer is on its way and Japan's tourism industry has plenty to smile about. The number of foreign visitors to the country topped 2.57 million in April, the highest ever total for a single month.The figure represents a 23.9% rise from a year e

    May 25, 2017 10:00 am JST
  • Park, prosecutors face rising stakes in corruption trial

    SEOUL -- Former South Korean President Park Geun-hye on Tuesday denied all charges against her in a sprawling corruption scandal, for which she could potentially be imprisoned, while prosecutors pushed for a speedy trial amid growing pressure to pro

    May 24, 2017 02:50 am JST
  • South Korea fires at suspected drone at border with North

    SEOUL (Reuters) -- South Korea's military fired warning shots at a suspected drone from North Korea on Tuesday amid tension over Pyongyang's latest missile test which drew international condemnation and a warning from China.The identity of the objec

    May 23, 2017 07:45 pm JST
  • North Korean defectors divided on Seoul detente

    SEOUL -- Days before Moon Jae-in was elected president of South Korea on May 9, about 300 people gathered at the national legislature to endorse the former human rights lawyer and advocate of dialogue and engagement with reclusive North Korea. Surpr

    May 23, 2017 05:30 pm JST
  • South Korea's Park Geun-hye denies all charges at first hearing

    SEOUL -- Former South Korean President Park Geun-hye's first hearing began at the Seoul Central District Court on Tuesday morning. Park was in court for the first time since her arrest on March 31 after being ousted as president.During the hearing,

    May 23, 2017 02:55 pm JST
  • South Korea's ex-leader Park makes first court appearance in corruption trial

    SEOUL (Reuters) -- South Korea's former leader Park Geun-hye arrived at a Seoul court on Tuesday to stand trial on bribery charges over a corruption scandal that brought down her presidency.Park faces more than 10 years in jail if found guilty of ta

    May 23, 2017 10:05 am JST
  • South Korean money pouring into Turkey

    ISTANBUL -- From building bridges and solar plants to snapping up cinema chains, South Korean companies are doing a lot more business in Turkey since a free trade agreement took effect in 2013.In mid-March, a consortium led by SK Engineering & Const

    May 23, 2017 09:00 am JST
  • Seoul sounds alarm over North Korea's missile capabilities

    SEOUL -- South Korea's military said Monday that North Korea apparently acquired "meaningful data" from Sunday's missile test that puts its neighbors at greater risk of a successful strike.The launch of the Pukguksong-2 missile was hailed as a compl

    May 23, 2017 04:55 am JST
  • 16 Asia-Pacific nations agree to conclude free trade talks soon

    HANOI (Kyodo) -- Ministers from 16 Asia-Pacific countries agreed Monday in Hanoi to conclude a regional free trade deal swiftly, with their joint statement expressing their hope to strike a deal by the end of this year, which falls in the "milestone

    May 22, 2017 11:11 pm JST
  • Fog of cyberwar spurs virtual arms race on Korean peninsula

    CANBERRA -- In Units 110 and 121 of North Korea's General Staff Reconnaissance Bureau, several thousand information technology experts are working on ways to disrupt the vital installations and systems of their enemy countries via the internet.About

    May 22, 2017 03:30 pm JST
  • Approval rating of South Korea's new President Moon tops 80%

    SEOUL (Kyodo) -- The approval rating of South Korea's newly elected President Moon Jae In has topped 80 percent, according to survey results by a local pollster released Monday, in the first such survey since he came into power two weeks ago.The sup

    May 22, 2017 01:41 pm JST
  • Asian travelers stay loyal to Japanese cosmetics

    TOKYO -- Japan's cosmetics exports surpassed the value of imports for the first time in 2016, surging on repeat purchases by Asian tourists after returning from their visits.According to the Japanese Cosmetic Industry Association, exports climbed 28

    May 22, 2017 07:00 am JST
  • UN Security Council to meet Tuesday on North Korea missile test

    UNITED NATIONS (Reuters) -- The United Nations Security Council is due to meet on Tuesday behind closed doors to discuss North Korea's latest missile test at the request of the United States, Japan and South Korea, diplomats said on Sunday.North Kor

    May 22, 2017 03:54 am JST
  • Kakao's ride-hailing app to make Japan travel easier

    TOKYO -- Nihon Kotsu, a leading taxi operator in Japan, and South Korean information technology company Kakao will make their ride-hailing apps compatible with each other by the end of the year, a partnership that will benefit foreign tourists in ea

    May 22, 2017 01:50 am JST