Search results

Results 1 - 20 of 3802
  • Japan steelmakers back in black abroad after a year of red ink

    TOKYO -- Large Japanese steelmakers are making money overseas again, enjoying higher prices as supply pressure from Chinese exports lets up. And this foreign income is gaining importance as domestic demand peaks.Nippon Steel & Sumitomo Metal will li

    March 30, 2017 03:25 am JST
  • Samsung looks to reboot with Galaxy S8

    SEOUL -- Samsung Electronics has unveiled its Galaxy S8, the first new flagship smartphone from the embattled Korean company since batteries in its Note 7 model began igniting last summer.Sales of the S8, expected to start as early as next month, wi

    March 30, 2017 01:00 am JST
  • Asian companies muddle through Brexit uncertainty

    TOKYO -- Nine months after it voted in a referendum to leave the European Union, the U.K. on Wednesday formally notified the EU that it is breaking away from the single market. Next up ... at least two years of negotiations toward the exit.A chief c

    March 29, 2017 09:00 pm JST
  • SK Telecom under heat to reject Huawei offer

    SEOUL -- South Korea's largest telecom provider SK Telecom is come under intense pressure to back away from an offer to use the network equipment of Huawei Technologies as critics say such technologies could be used to spy on the country.SK Telecom

    March 29, 2017 07:58 pm JST
  • Brazil meat scandal opens way for Aussie beef in China

    SYDNEY -- Brazil's tainted beef scandal looks to be almost over with China lifting its import ban, but a new meat agreement between China and Australia offers Australian beef exporters a chance to reclaim market share lost to the South American coun

    March 28, 2017 04:20 pm JST
  • Chaebol play both villain and hero in South Korea's tale

    SEOUL -- The jailing of the Samsung group's de facto leader as part of the scandal over South Korea's impeached president highlights the public's love-hate relationship with the family-run conglomerates that dominate the country's business scene.Sam

    March 28, 2017 03:00 pm JST
  • S.Korea Q4 GDP growth revised up to +0.5 pct q/q on construction spending

    SEOUL (Reuters) -- South Korea's economy grew a seasonally adjusted 0.5 percent during the final three months of last year from the previous quarter, revised central bank data showed on Tuesday, slightly above an earlier estimate of 0.4 percent.The

    March 28, 2017 12:46 pm JST
  • Moon rises above rivals in South Korea election

    SEOUL -- South Korea's leading opposition Democratic Party of Korea has officially begun choosing its nominee for the presidential election on May 9, with former leader Moon Jae-in winning the first primary in a landslide on Monday.Moon won 60.2% of

    March 28, 2017 05:50 am JST
  • South Korean prosecutors seek Park's arrest

    SEOUL -- Prosecutors requested an arrest warrant for ousted South Korean President Park Geun-hye on Monday, only days after questioning her, in a likely attempt to put the scandal to rest before the nation elects its next leader May 9.Park could fac

    March 28, 2017 04:20 am JST
  • South Korean financial conglomerate Shinhan eyes M&A in Asia

    SEOUL -- Shinhan Financial Group's new chief executive said Monday that South Korea's most profitable financial company is eyeing opportunities for mergers and acquisitions in the Asian market and further afield, as it seeks to exploit fast-growing

    March 27, 2017 08:15 pm JST
  • Cross-border Labor Race

    Sizing up South Korea's foreign-worker policies, 13 years in

    SEOUL -- South Korea's system for employing low-skilled foreign workers has evolved over the years from an abuse-ridden technical training program to a model of public administration.Now Seoul is debating where to draw the line between temporary wor

    March 27, 2017 06:30 pm JST
  • Hyundai Motor suspends another China plant amid political tension

    SEOUL (Reuters) -- Hyundai Motor has suspended production at a fourth China factory for one week starting March 24, online media ChosunBiz reported on Sunday, fuelling worries about the impact of South Korea's political tension with China on sales i

    March 27, 2017 12:02 pm JST
  • S.Korea prosecutors seek detention warrant for ousted president Park

    SEOUL (Reuters) -- South Korean prosecutors said on Monday they will seek a detention warrant for ousted President Park Geun-hye, who has been accused of taking bribes from big businesses.Park, 65, became South Korea's first democratically elected p

    March 27, 2017 11:52 am JST
  • Widening income gap tops list of voter gripes in South Korea

    SEOUL -- Observers of South Korea -- which just impeached and removed its president from office -- might think the country has enough on its plate.Apparently not. In the race to succeed the ousted Park Geun-hye, candidates are taking up the issue of

    March 26, 2017 02:00 pm JST
  • China, others lift ban on meat imports in boost for Brazil

    BRASILIA/BEIJING (Reuters) -- China lifted a ban on imports of meat from Brazil on Saturday after Brazilian authorities clarified details of a police investigation into alleged bribery of health inspectors, in a victory for President Michel Temer's

    March 26, 2017 09:58 am JST
  • Samsung Electronics balks at rejiggering its structure

    SEOUL -- Samsung Electronics on Friday signaled it wants to hold off on shifting to a holding company structure, dashing investors' expectations for a change many believe would boost the top smartphone maker's market value."As we expect negative eff

    March 24, 2017 04:50 pm JST
  • Samsung Elec says difficult to adopt holding company structure

    SEOUL (Reuters) -- Samsung Electronics Co Ltd said on Friday it will be difficult to adopt a holding company structure at this time, giving investors their first insight into how the South Korean tech giant is approaching a potential restructuring.I

    March 24, 2017 10:00 am JST
  • Brazilian meat scare sweeps across Asia

    HONG KONG/SEOUL -- The scandal over tainted meat from Brazil is shaking up Asian markets that have come to depend on the South American country's plentiful exports. Hong Kong, Macau and mainland China have each suspended imports, while South Korean

    March 23, 2017 11:59 pm JST
  • Nikkei Asia300 Index little changed as Trump caution weighs

    HONG KONG (NewsRise) -- Asian stocks were little changed Thursday despite a rebound on Wall Street as markets remained cautious about U.S. President Donald Trump's ability to pass major economic reforms.The Nikkei Asia300 Index was 0.01% higher at 1

    March 23, 2017 09:52 pm JST
  • South Korea injects more capital into Daewoo Shipbuilding

    SEOUL -- State-run Korea Development Bank said Thursday it would inject new capital into ailing Daewoo Shipbuilding and Marine Engineering as well as swap its loans to the company into equities.KDB said it and Export-Import Bank of Korea, another po

    March 23, 2017 07:50 pm JST