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  • South Korea police says no explosives found at Samsung Life HQ

    SEOUL (Reuters) -- South Korean authorities found no explosives at the headquarters of Samsung Life Insurance Co Ltd in Seoul, police said on Friday.A police official told Reuters that officers dispatched to the Samsung Life building in Seocho, a so

    April 14, 2017 02:32 pm JST
  • South Korea police search Samsung Group building after explosives report

    SEOUL (Reuters) -- South Korean police said on Friday they had sent a response team to a Samsung Group office building in southern Seoul following a report of explosives being planted inside.The headquarters of Samsung Life Insurance in Seocho was e

    April 14, 2017 02:15 pm JST
  • Hyundai, Kia to fall far short of China sales target on political row -report

    SEOUL (Reuters) -- Hyundai Motor and Kia Motors expect it will be difficult to sell 1 million vehicles in China this year due to political tension - a figure that is around half their initial target, the Aju Business Daily quoted an executive as say

    April 14, 2017 11:58 am JST
  • Hyundai Heavy to halt South Korean shipyard

    SEOUL -- Hyundai Heavy Industries, South Korea's largest shipbuilder, will suspend operations at its shipyard in Gunsan amid a slowdown in orders for tankers and other vessels that looks unlikely to improve anytime soon, it was learned Thursday.The

    April 14, 2017 04:10 am JST
  • Race for primacy in self-driving cars heats up in Asia

    TOKYO -- Japan's push to become Asia's leader in self-driving cars got a boost Thursday, when the authorities unofficially approved the testing of driverless cars on public roads.The rules, released the same day by the National Police Agency, will o

    April 13, 2017 09:40 pm JST
  • Bank of Korea Keeps Base Rate Unchanged at 1.25%

    SEOUL (Dow Jones) --The Bank of Korea left interest rates unchanged for a ninth straight meeting Thursday as widely expected amid signs of an improvement in the economy on the back of a solid expansion in exports.The decision to hold the main policy

    April 13, 2017 10:21 am JST
  • Samsung posts strong earnings despite chief's arrest, Note7 fiasco

    SEOUL Even as the Note7 smartphone fiasco and the arrest of top executive Lee Jae-yong loom over Samsung Electronics, the South Korean technology group has turned in its second-highest quarterly operating profit on the back of its hot-selling memory

    April 13, 2017 10:00 am JST
  • North Korea-US saber rattling ramps up tension in Asia

    TOKYO North Korean leader Kim Jong Un walked slowly onto the center of the stage on April 11, as North Korea's parliament, the Supreme People's Assembly, the highest organ of government, opened in Pyongyang.Clad in a Mao suit, his hair cut short, Ki

    April 13, 2017 10:00 am JST
  • South Korea's export recovery is on thin ice

    HONG KONG Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at hom

    April 13, 2017 10:00 am JST
  • The ADB forecasts the slowest Asian growth since 2001

    MANILA Asia's growth will fall to its slowest pace since 2001 this year amid policy uncertainty in advanced economies and an outflow of capital, according to the Asian Development Bank.In its 2017 Asian Development Outlook, released on April 6, the

    April 13, 2017 10:00 am JST
  • Kumho Tire founder, union fight takeover by China's Doublestar

    SEOUL -- Chinese tire maker Qingdao Doublestar's plans to effectively buy South Korea's Kumho Tire are hitting roadblocks now that the founder of the target company is opposing the deal and workers are objecting to becoming part of a Chinese group.D

    April 13, 2017 03:47 am JST
  • Daewoo Shipbuilding debt plan teeters on edge

    SEOUL -- Korea Development Bank's proposal that creditors of embattled Daewoo Shipbuilding and Marine Engineering swap the company's debt for equity could be derailed, as key bondholder the National Pension Service has accused the policy bank of bul

    April 12, 2017 07:30 pm JST
  • South Korea's export recovery is on thin ice

    HONG KONG -- Despite a sustained rebound in exports since November, South Korea's manufacturing ended the first quarter with even more contraction, thanks to a souring relationship with its biggest trading partner China and political uncertainty at

    April 12, 2017 06:30 pm JST
  • East Asia fish stocks threatened, with regulators at impasse

    TOKYO -- Competition over fish stocks in East Asia is driving populations closer to collapse as efforts stall among Tokyo, Seoul and Beijing to manage those resources cooperatively, threatening depletion even farther afield."There's no reasoning wit

    April 12, 2017 11:00 am JST
  • Chinese fire back at South Korea with their wallets

    BEIJING/DALIAN -- Chinese boycotts of South Korean products and tourism are spreading in a backlash to the planned deployment of a U.S. missile defense system, prompting store closures and changes to travel routes. On a recent day in Beijing, a sal

    April 12, 2017 04:35 am JST
  • MBK aims to raise $1.2bn in ING Life IPO

    SEOUL -- South Korean private equity firm MBK Partners is seeking up to 1.3 trillion won ($1.2 billion) by listing ING Life Insurance on the Seoul stock market, after failing to sell the insurer to Chinese parties due to rising political tension bet

    April 11, 2017 06:57 pm JST
  • Figure skater Asada's retirement reported in South Korea, China

    SEOUL/BEIJING (Kyodo) -- Many figure skating fans across Asia woke up Tuesday morning to the news that Japanese icon Mao Asada is retiring from competition, with media in South Korea and China hailing her achievements while also lamenting the star s

    April 11, 2017 04:08 pm JST
  • From sanctions to armed strike, US faces tough call on Pyongyang

    TOKYO -- Tensions between the U.S. and North Korea continue to mount following the U.S.-China summit and the American missile strike on Syria, as Washington weighs its options in trying to contain the threat posed by the rogue country.Its first opti

    April 11, 2017 07:00 am JST
  • Moon, Ahn in dead heat in South Korean race

    SEOUL -- The centrist People's Party challenger has pulled neck and neck with the liberal Democratic Party of Korea candidate with less than a month to go before the country's presidential election, even overtaking the presumed front-runner in some

    April 11, 2017 03:30 am JST
  • Google seeks curved OLED panels from LG Display: sources

    SEOUL/TAIPEI -- U.S. tech group Google is seeking to buy curved organic light-emitting diode screens from South Korea's LG Display, sources have told the Nikkei Asian Review.An industry source in South Korea said that LG had been in talks with Googl

    April 11, 2017 01:30 am JST