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  • Park scandal leaves Korean business lobby in shrunken role

    SEOUL -- The Federation of Korean Industries is scaling down drastically, trying to refresh its image as mainstay members flee the South Korean business lobby over its association with ousted President Park Geun-hye.Park was removed from office on M

    April 29, 2017 11:20 am JST
  • South Korea stumped by Trump demands on THAAD

    SEOUL -- U.S. President Donald Trump's comments that South Korea should pay for the deployment of a U.S. missile shield system have sparked confusion in Seoul and among candidates in the country's upcoming presidential election."I informed South Kor

    April 29, 2017 06:33 am JST
  • South Korea paying for THAAD 'impossible' - presidential frontrunner's aide

    SEOUL (Reuters) -- U.S. President Donald Trump's suggestion that Seoul pay for the THAAD advanced U.S. missile defense system would be an "impossible option," a top foreign policy adviser to South Korean presidential frontrunner Moon Jae-in said on

    April 29, 2017 03:11 am JST
  • Trump vows to fix or scrap South Korea trade deal, wants missile system payment

    WASHINGTON (Reuters) -- U.S. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a "horrible" free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced

    April 29, 2017 02:23 am JST
  • Kia Motors building $1.1bn plant in India

    NEW DELHI -- South Korea's Kia Motors is entering India, the world's fastest growing car market with over 3.3 million units sold in 2016.Kia is a sister concern of Hyundai Motor, which entered the country 20 years ago and has 17% of the passenger ca

    April 28, 2017 10:08 pm JST
  • ASEAN airs 'grave concern' over North Korea missile tests

    MANILA -- The Association of Southeast Asian Nations on Friday became the latest body to voice anxiety over rising tensions in the Korean Peninsula. In a statement, ASEAN foreign ministers expressed their "grave concern over the escalation of tensio

    April 28, 2017 05:30 pm JST
  • Samsung honing OLED prowess from unassailable perch

    SEOUL -- Seemingly unaffected by the absence of its boss, Samsung Electronics is enjoying stellar earnings with a boost from smartphone OLED panels, in which the company holds a virtual monopoly worldwide.The South Korean electronics group reported

    April 28, 2017 07:00 am JST
  • Green cars make their way to Indonesian auto show

    JAKARTA -- Japanese and South Korean automakers are pushing eco-friendly models at an auto show that kicked off here Thursday amid Indonesia's growing interest in fuel-saving technologies.Toyota Motor is displaying hybrid versions of the Camry and t

    April 28, 2017 06:30 am JST
  • Top South Korean presidential nominee talks Pyongyang threat

    SEOUL -- South Korea and the U.S. could scale back their joint military drills if North Korea freezes its nuclear program, South Korean presidential front-runner Moon Jae-in said Thursday in a televised debate.The countries conduct joint exercises i

    April 28, 2017 05:50 am JST
  • Japan pursues currency swaps with ASEAN members

    TOKYO -- Japan seeks to establish bilateral currency swap frameworks with members of the Association of Southeast Asian Nations as a hedge against tight fund supplies in a financial crisis and also as a counter to the growing influence of the yuan.T

    April 28, 2017 04:50 am JST
  • Sony unit eyes 8 new music halls across Asia

    TOKYO -- Sony Music Entertainment plans to open performance halls in eight major Asian cities by 2023, with an eye on tapping demand from Japanese artists for high-quality venues to stage concerts for their growing legions of fans.Zepp Hall Network,

    April 28, 2017 03:30 am JST
  • Denuclearization before talks, South Korea's Ahn says

    SEOUL -- North Korea needs to take action toward giving up its nuclear weapons before any dialogue with the South takes place, Ahn Cheol-soo, the centrist People's Party candidate in the presidential election, told The Nikkei in a written interview.

    April 28, 2017 02:00 am JST
  • Asia-Pacific leads global business travel

    BANGKOK -- Business travel within Asia is growing at twice the pace of the rest of the world and looks set to overtake the top-spending Americas within 10 years, according to research by the World Travel and Tourism Council, a leading industry body,

    April 27, 2017 11:20 pm JST
  • Naver focuses on AI for its platforms

    SEOUL -- Naver said Thursday it was expanding its voice search as part of a greater focus on developing and applying the latest artificial intelligence technology to its platforms.CEO Han Seong-sook says the company is trying a wide range of experim

    April 27, 2017 09:05 pm JST
  • Interview

    Tokyo to push for TPP without US, says Aso

    TOKYO -- Japan wants to convince 10 other Pacific Rim countries to enter into the Trans-Pacific Partnership deal without the U.S., Deputy Prime Minister Taro Aso said on Thursday.In a reversal of earlier reticence about a TPP minus the U.S., Japan n

    April 27, 2017 09:00 pm JST
  • Asia Inc. welcomes Trump's big tax plan

    TOKYO/SEOUL -- U.S. President Donald Trump's announcement of a dramatic tax reform plan was greeted with welcome and suspicion by Asian companies on Thursday.If Trump has his way, the corporate tax rate in the U.S. would fall from 35% to 15%.Kawasak

    April 27, 2017 08:00 pm JST
  • Samsung board decides against holding company

    SEOUL -- South Korea's Samsung Electronics on Thursday announced that the company's board of directors has decided not to convert to a holding company structure.Many investors have called on Samsung to take this direction as a way to simplify its co

    April 27, 2017 02:20 pm JST
  • The long, frustrating quest for free trade in Asia

    SINGAPORE -- It was a punch in the gut for Jenesis (Shenzhen) when the U.S. called it quits on the Trans-Pacific Partnership. Just like that, the contract electronics manufacturer's very raison d'etre was thrown into question.Jenesis, which supplies

    April 27, 2017 12:00 pm JST
  • Think the RCEP is about free trade? Think again

    SINGAPORE -- Delegates from Pakistan's remote Khyber Pakhtunkhwa province were all smiles as they signed an economic cooperation agreement with China on April 17."We have set the stage to begin [a] journey of industrialization," the province's chief

    April 27, 2017 12:00 pm JST
  • Samsung Electronics sees stronger earnings from chips, phones after Q1 profit jump

    SEOUL (Reuters) -- Tech giant Samsung Electronics Co Ltd on Thursday said it expected earnings to further improve in the current quarter, after it reported its best quarterly profit since 2013 thanks to a memory chip boom.The South Korean company a

    April 27, 2017 10:13 am JST