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  • Opinion & Analysis

    Asia's new economic order

    It is easy to despair at the progress of reform -- or lack thereof -- in Asia. Lofty ambitions forcefully proclaimed in recent years from Japan to India, from China to Indonesia, have yet to be fully implemented, let alone deliver their intended lif

    April 21, 2015 05:00 pm JST
  • S. Korea criticizes Abe's offering to war-related shrine

    SEOUL (Kyodo) -- South Korea on Tuesday criticized Japanese Prime Minister Shinzo Abe for sending a ritual offering earlier in the day to the war-linked Yasukuni Shrine in Tokyo. "Japanese political leaders should realize that showing admiration

    April 21, 2015 03:44 pm JST
  • South Korea's prime minister offers to quit amid bribery scandal

    SEOUL (Reuters) -- South Korea's prime minister, who has denied an allegation that he took illegal campaign funds from a businessman who committed suicide, has offered to resign over the scandal, the presidential office said on Tuesday. The scan

    April 21, 2015 01:19 pm JST
  • Abe sends ritual offering to war-linked Yasukuni Shrine

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe sent a ritual offering on Tuesday to Tokyo's war-linked Yasukuni Shrine, which has been a source of diplomatic friction between Japan and several of its Asian neighbors. Abe, who is scheduled to leave f

    April 21, 2015 01:19 pm JST
  • North Korean politics

    Kim seeks to appease, control country's military

    SEOUL -- Three years after formally taking the reins of power, North Korean leader Kim Jong Un is attempting the tricky task of cementing his grip on the country's military. North Korean Foreign Minister Ri Su Yong met with his Indian counterpar

    April 21, 2015 01:00 pm JST
  • South Korean prime minister offers to resign over bribery scandal

    SEOUL (Kyodo) -- South Korean Prime Minister Lee Wan Koo has submitted a letter of resignation to President Park Geun Hye over his alleged involvement in a bribery scandal, the presidential office confirmed Tuesday. Park, who is currently on a s

    April 21, 2015 10:38 am JST
  • South Korea's rising star

    Jeju Air keeping up aggressive expansion

    SEOUL -- South Korean budget carrier Jeju Air, now a third force in a market dominated by two players, has its sights set on expansion into Southeast Asia via a tie-up. The nation's third-ranked carrier debuted service between Busan and Taipei o

    April 21, 2015 05:25 am JST
  • Asian steel

    Oversupply, low raw material costs push prices down

    TOKYO -- International prices of key steel products continue to fall in Asia due to overproduction by Chinese and South Korean steelmakers as well as declining costs for raw materials. The East Asian price of hot-rolled coils, which are used in

    April 21, 2015 02:22 am JST
  • South Korean stocks

    Investors bullish despite weak economic fundamentals

    SEOUL -- South Korean shares are rising even as the country's economic fundamentals remain sluggish, causing alarm to some over a possible overheating. The Korea Composite Stock Price Index, or Kospi, edged up 0.1% on Monday to 2,146, climbing f

    April 21, 2015 12:36 am JST
  • South Korean currency

    Won keeps rising despite market intervention

    SEOUL -- Monetary authorities in South Korea are reportedly steering the strengthening won lower intermittently to prevent adverse effects on the export-oriented economy. As trading in the won is limited to South Korea and is small in scale, of

    April 20, 2015 02:05 pm JST
  • Nikkei poll

    A year on, many Japanese see no impact from consumption tax hike

    TOKYO -- About 60% of eligible Japanese voters said their lives have not changed since last April, when the consumption tax went up to 8%, a new Nikkei-TV Tokyo survey shows. But 37% said the increase had a negative impact on their lives, while

    April 20, 2015 03:21 am JST
  • Protesters, police clash in Seoul amid ferry disaster memorials

    SEOUL (Kyodo) -- Protesters clashed with riot police in central Seoul on Saturday night amid memorial ceremonies and marches being held this weekend to mark the one-year anniversary of the deadly Sewol ferry sinking in which 304 people, mostly high

    April 19, 2015 02:23 am JST
  • Tighter market

    Asian price of plastic feedstock jumps

    TOKYO -- The price of styrene monomer, a feedstock for making plastic, has increased sharply in Asia this year on facility maintenance by producers and an uptick in demand in China. The spot price in Asia has shot up 57% from a recent low in ear

    April 18, 2015 06:02 am JST
  • Chilled relations

    Samsung taking its name off Japanese smartphones

    SEOUL -- Samsung Electronics will no longer put its name on the Galaxy smartphones it sells in Japan. The Galaxy brand has achieved sufficient market penetration there, Samsung explains. But the move is seen as trying to downplay the products' a

    April 17, 2015 11:46 pm JST
  • South Korea's Shinhan

    Bank to buy 40% stake in Indonesian peer for $53M

    JAKARTA -- South Korean lender Shinhan Bank is set to acquire a 40% stake in Bank Metro Express, a private Indonesian bank, for 700 billion rupiah ($53.84 million). Shinhan's acquisition will be completed once it secures a permit from Indonesia'

    April 17, 2015 12:00 pm JST
  • U.S. repeats call on Japan, S. Korea to mend fences

    WASHINGTON (Kyodo) -- The United States repeated a call on Japan and South Korea on Thursday to improve their soured ties, saying trilateral cooperation is necessary for peace and stability in East Asia. "We are simply encouraging our closest fr

    April 17, 2015 11:24 am JST
  • Marketing in Asia

    Google, Samsung among brand leaders in new poll

    TOKYO -- South Korea's Samsung Electronics has one of the strongest brand images in Asia, shows the Brand Asia 2015 survey published by Nikkei BP Consulting. The smartphone manufacturer came out on top in three of the poll's 11 markets, up by tw

    April 17, 2015 03:36 am JST
  • Sewol's long shadow

    Safety still vexes South Korea on ferry sinking's anniversary

    SEOUL -- A year since the Sewol passenger ferry went down, South Korea has yet to fix the systemic flaws and negligence in its safety management that led to the disaster. Thursday marked the anniversary of the incident that killed more than 300,

    April 17, 2015 03:24 am JST
  • Teaching math and science

    Gakken expanding education services in China, South Korea

    TOKYO -- Gakken Holdings is beefing up its elementary school educational offerings in China and South Korea with the help of local partners, looking to capitalize on brisk demand. In China, the Japanese publishing and education company runs clas

    April 17, 2015 01:29 am JST
  • Could the Galaxy S6 be Samsung's guiding star?

    SEOUL -- Samsung Electronics' answer to U.S. rival Apple's iPhone 6 -- the Galaxy S6 -- has been released in 20 countries. The South Korean company's flagship smartphone, which was unveiled April 10, features a revamped design marked by a sleek prof

    April 16, 2015 12:00 am JST