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  • Seoul to give 'comfort women' deal a second look

    SEOUL -- South Korean President Moon Jae-in's government intends to review a 2015 agreement with Japan on wartime "comfort women," prioritizing how the deal was reached over seeking an outright renegotiation as it aims to work with Tokyo based on th

    June 24, 2017 02:03 am JST
  • Executives at Lotte's duty-free business give up 10% of pay

    SEOUL -- Senior officials at the Lotte group's duty-free shop business will voluntarily return 10% of their annual salaries to cope with a steep fall in sales as tension between Seoul and Beijing drives Chinese shoppers away.More than 40 executives

    June 24, 2017 12:28 am JST
  • South Korean carriers resist mobile phone charge cuts

    SEOUL -- South Korea's three telecoms carriers are considering filing a lawsuit against the government over its plan to cut mobile charges, complaining that the regulator is abusing its power to control prices, which should be decided by market forc

    June 23, 2017 09:17 pm JST
  • Friend of former South Korea leader jailed for 3 years -- Yonhap

    SEOUL (Reuters) -- The friend of former South Korean leader Park Geun-hye, who was at the centre of an influence-peddling scandal that rocked the country's business and political elite, has been sentenced to three years in jail, Yonhap News Agency r

    June 23, 2017 02:46 pm JST
  • Japan-South Korea defense hotline lifts detente hopes

    TOKYO -- The agreement between Tokyo and Seoul to set up a defense hotline is raising hopes of a closer security partnership under a new South Korean president who aims to keep historical grievances separate from cooperation in other areas.Japanese

    June 23, 2017 05:13 am JST
  • North Korean diplomat offers compromise to halt nuclear tests

    NEW DELHI -- North Korea's ambassador to India says his country may halt its nuclear and missile tests "temporarily" if the U.S. and South Korea cease their joint military exercises near the Korean Peninsula.Under certain circumstances, "we are will

    June 23, 2017 02:35 am JST
  • South Korean central bank chief backs Moon on growth

    SEOUL -- South Korea's chief central banker said Thursday that he supports the Moon Jae-in government's fiscal policy, intended to boost growth by increasing incomes, acknowledging that the new administration's agenda aimed to create a virtuous circ

    June 22, 2017 10:05 pm JST
  • Manning and Przystup

    Moon-Trump summit: How to avoid a train wreck

    U.S. President Donald Trump and Moon Jae-in, South Korea's new progressive president, will meet later this month. Summits tend to be neatly scripted and choreographed, and by definition, successful. But this one may be different. The combination of

    June 22, 2017 06:00 pm JST
  • Japan, South Korea to set up defense-chief hotline

    TOKYO -- Japan and South Korea will set up a hotline between their defense ministers this autumn to work closely together amid rising tensions over North Korea's nuclear and missile development, Japanese government sources said on Thursday.Japanese

    June 22, 2017 02:36 pm JST
  • The AIIB adds members and distances itself from Beijing

    JEJU, South Korea/BEIJING The Chinese-led Asian Infrastructure Investment Bank admitted three new members on June 16 at the institution's second annual meeting, lifting its roster to 80 even as the bank continues its cautious approach in deploying c

    June 22, 2017 10:00 am JST
  • Editorial: It is time for Japan and the US to join the AIIB

    The China-led Asian Infrastructure Investment Bank held its second annual general meeting in the South Korean resort island of Jeju, on June 16-18. The multilateral lender now counts 80 states and territories as its members, outstripping the members

    June 22, 2017 10:00 am JST
  • South Korea eyes North as co-host for 2018 Olympics

    SEOUL -- North Korea could host some of the events associated with the 2018 Pyeongchang Winter Olympics, South Korea's culture minister said Tuesday.Do Jong-hwan, minister of culture, sports and tourism and Seoul's point man on the Olympics, propose

    June 22, 2017 05:19 am JST
  • Moon stays mum on revisiting 'comfort women' deal

    SEOUL -- Despite continued calls for a Japanese apology, the South Korean President did not insist on a renegotiation of a landmark deal on "comfort women" in a recent interview, an apparent sign that he looks to restore bilateral ties.In an intervi

    June 22, 2017 03:49 am JST
  • Japan fund seeks majority stake in Toshiba Memory to protect tech

    TOKYO -- A domestic turnaround fund that is part of a Japanese-government-led consortium plans to take a majority interest in Toshiba's flash memory unit to keep the conglomerate's technology in Japan, it was learned Wednesday.The group's proposal w

    June 22, 2017 02:00 am JST
  • Japanese banks plan 90% cut on transfer fees to South Korea

    TOKYO -- Japanese banks will lower the fees on money transfers to South Korea by 90% as early as 2018 in an effort to remain competitive and prevent customers from switching to foreign rivals.The plan was revealed Wednesday by the Japanese Bankers A

    June 22, 2017 02:00 am JST
  • South Korean tourists sanction China, opt for Japan

    TOKYO -- More South Koreans are visiting Japan this year as they shun China amid worsening relations between Seoul and Beijing.South Korean visitors to Japan in May surged 85% on the year to 558,900, according to data released Wednesday by the Japan

    June 21, 2017 07:44 pm JST
  • Oil slump hits Asian stocks, eclipsing MSCI's A-share inclusion

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan retreated as an overnight slide on Wall Street and drop in global oil prices overshadowed MSCI's decision to include China's domestic shares in its global indexes.The Nikkei Asia300 Index o

    June 21, 2017 02:37 pm JST
  • MSCI nod on China means up to $3.7bn outflow of South Korea stocks

    SEOUL (Reuters) -- The South Korean share market could see outflows of up to 4.3 trillion won ($3.7 billion) with the MSCI's decision to add China's mainland-listed shares to its global indexes, a senior Korean government official said on Wednesday.

    June 21, 2017 09:31 am JST
  • Washington, Seoul face growing rift over North Korea

    SEOUL -- Ties between the U.S. and South Korea have cooled after a special adviser to South Korean President Moon Jae-in suggested scaling back joint military exercises, even as Washington ramps up its rhetoric on Pyongyang over the death of a colle

    June 21, 2017 02:25 am JST
  • South Korean fighters jets to hold exercises with US B-1B bombers

    SEOUL (Kyodo) -- South Korea's air force plans to hold a joint exercise in its airspace involving United States B-1B strategic bombers on Tuesday, a military official said.The exercise involving two of South Korea's F-15K fighter jets and the B-1Bs

    June 20, 2017 11:42 am JST