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  • North Korea rocket appears to put object into orbit - Yonhap

    SEOUL (Reuters) -- North Korea's long-range rocket launched on Sunday appears to have put an object into space orbit, South Korea's Yonhap news agency reported, quoting a South Korean military official. South Korea's defence ministry could not i

    February 7, 2016 12:07 pm JST
  • South Korea's Park says North Korea's rocket 'unforgivable', urges U.N. sanctions

    SEOUL (Reuters) -- South Korean President Park Geun-hye said North Korea's long-range rocket launch on Sunday was "an unforgivable act of provocation" and called on the U.N. Security Council to swiftly adopt strong sanctions. Park said the North

    February 7, 2016 11:43 am JST
  • North Korean rocket may have failed - Yonhap

    SEOUL (Reuters) -- North Korea's long-range rocket launched on Sunday may have failed, South Korea's Yonhap news agency said. Earlier, South Korean media had reported that the rocket appeared to have successfully separated the first and second s

    February 7, 2016 10:30 am JST
  • US, Japan, South Korea ask for emergency UN meeting on North Korea

    UNITED NATIONS (Reuters) -- The United States, Japan and South Korea have requested an emergency meeting of the United Nations Security Council on Sunday to discuss the North Korean rocket launch, council diplomats said. Speaking to Reuters on c

    February 7, 2016 10:19 am JST
  • U.S. tracks North Korean rocket, sees no threat to U.S. or allies

    WASHINGTON (Reuters) -- U.S. authorities are tracking a North Korean rocket launch and do not believe it poses a threat to the United States or its allies, U.S. defense officials said on Saturday. "We can confirm ... that we have detected a laun

    February 7, 2016 10:15 am JST
  • North Korea launches long-range rocket in defiance of international warnings

    TOKYO/SEOUL (Kyodo) -- North Korea launched a long-range rocket Sunday in defiance of international warnings, in a move widely viewed as a disguised ballistic missile test. It is the first time since December 2012 that North Korea has conducted

    February 7, 2016 09:55 am JST
  • Japan, US, South Korea mull financial sanctions on North Korea

    TOKYO (Kyodo) -- Japan, the United States and South Korea are considering slapping financial sanctions on North Korea for conducting a fourth nuclear test last month, diplomatic sources said Saturday.The move comes amid escalating international tens

    February 7, 2016 07:13 am JST
  • North Korea

    UN Security Council talks on sanctions at a standstill

    NEW YORK/BEIJING -- A month after North Korea conducted its fourth nuclear test, talks on new sanctions against the reclusive state remain deadlocked at the U.N. Security Council, leaving some council members increasingly frustrated. The stalema

    February 7, 2016 02:21 am JST
  • North Korea

    Tensions rise as expected missile launch draws near

    SEOUL -- North Korea is threatening to launch a ballistic missile, possibly today, that could have a longer range than any missile the reclusive state has yet fired. As a result, Northeast Asia is on edge. The missile could show that North K

    February 7, 2016 02:13 am JST
  • South Korean cosmetics

    AmorePacific, LG aim to knock Shiseido off top spot

    SEOUL/BANGKOK -- On the back of record sales in 2015, leading Korean cosmetics makers AmorePacific Group and LG Household & Health Care have their sights firmly set on expansion in the Asian market. Much of the rise is down to tourism, with sale

    February 6, 2016 01:00 pm JST
  • Kakao

    South Korean IT giant suffers 58% profit drop in 2015

    SEOUL -- Kakao's group operating profit for 2015 plunged 58% from the prior year to 88.3 billion won ($73.7 million), the Internet and information technology company said Friday. The decline was attributed to advertising and labor costs for its new

    February 6, 2016 02:00 am JST
  • January PMI

    Export woes pummel South Korea production

    HONG KONG -- South Korea's manufacturing activity softened again in January after a brief recovery at the end of 2015. The Nikkei South Korea Purchasing Managers' Index, or PMI, slipped back to contractionary territory, at 49.8, from last December's

    February 5, 2016 07:00 pm JST
  • Commodities Eye

    Dry-bulk shipping under water as bankruptcies rise

    BANGKOK -- The global commodities bust has rocked the dry-bulk shipping industry, with a wave of bankruptcies washing across the sector and major players forced to restructure, divest or scrap assets. On Jan. 5, the Shanghai International Shippi

    February 5, 2016 02:30 pm JST
  • Nikkei PMI

    Business services lead Asian growth in January

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for January showed increased business activity in 14 of the 19 industries monitored. Commercial and business services grew the strongest among all industries. Healthcare ser

    February 5, 2016 11:00 am JST
  • TPP

    Japan, US politics could push ratification back to 2017

    TOKYO -- The Trans-Pacific Partnership trade deal that was signed Thursday may not take effect until 2017 or later amid political roadblocks in Japan and the U.S., the two countries most crucial to the process. TPP members hope to expand the dea

    February 5, 2016 06:00 am JST
  • Japan's negative rates could be a bigger blessing for its neighbors

    Central banks across the world may be running low on ammunition, but the Bank of Japan has shown it may still have a few bullets left in its belts. BOJ Gov. Haruhiko Kuroda surprised markets again on Jan. 29 by pushing the deposit rate into negative

    February 4, 2016 12:00 pm JST
  • Chinese stocks get off to a rough start in January

    BANGKOK One of the factors behind the Bank of Japan's surprise move to push interest rates into negative territory was the turbulence hitting stock markets. This year got off to a tumultuous start in many markets. Asian stocks were no exceptio

    February 4, 2016 12:00 pm JST
  • Peter S. Kim: E-commerce set to boost smaller Korean brands

    As growth indicators such as commodities and oil test their lowest price levels for more than 10 years, the fear of deflation that gripped Japan for many decades is quickly becoming a global phenomenon. While we can blame part of this problem on

    February 4, 2016 12:00 pm JST
  • Adm. James Stavridis: Transparency and collaboration will reduce military tension in Asia

    We are at the start of a dangerous arms race in Asia as nations in the region respond to rising and more assertive military power in China and growing instability on the Korean Peninsula. And the American "Pacific pivot" is failing to gain traction

    February 4, 2016 12:00 pm JST
  • Automakers and tech companies fight for supremacy on roads of the future

    LAS VEGAS There were some unusual guests at this year's Consumer Electronics Show held in Las Vegas in early January. Nine of the world's top automakers, including Toyota Motor and Volkswagen, were among those pitching products. In all, there

    February 4, 2016 12:00 pm JST