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  • Kumho Tire chairman threatens to sue creditors

    SEOUL -- Kumho Asiana Group Chairman Park Sam-koo is threatening to take legal action against Korea Development Bank, pressuring the state lender to allow him to bid for a controlling stake in Kumho Tire through a consortium.The transportation-focus

    March 14, 2017 08:10 pm JST
  • China restrictions clobber South Korean tourism stocks

    HONG KONG -- South Korea is in political turmoil, with President Park Geun-hye thrown out of office over corruption allegations. Now, a dark shadow looms over the country's stock market as well.After China placed restrictions on travel to South Kore

    March 14, 2017 06:55 pm JST
  • North Korea suggests US, Seoul behind Kim Jong Nam assassination

    UNITED NATIONS -- The VX nerve agent suspected to have killed the half brother of North Korean leader Kim Jong Un could have come from the U.S. via South Korea, Pyongyang's deputy ambassador to the United Nations suggested Monday during a news confe

    March 14, 2017 07:05 am JST
  • After Park's impeachment, focus turns to chaebol reform

    TOKYO -- As South Korea prepares to hold a presidential election following Park Geun-hye's impeachment, one theme is coming to the fore: the need to reform the chaebol, which have for decades been entwined with the nation's politics.Yet, even as pub

    March 13, 2017 07:35 pm JST
  • South Korean stocks touch over 20-month high after Park ouster

    SEOUL (Reuters) -- South Korean shares rose to their highest level in more than 20 months on Monday as market sentiment improved after the ouster of scandal-hit President Park Geun-hye on Friday.Stronger global stocks also lent support.The Korea Com

    March 13, 2017 03:43 pm JST
  • South Korea's Park criticised over defiance, faces calls for investigation

    SEOUL (Reuters) -- Ousted South Korean leader Park Geun-hye faced criticism on Monday over a defiant vow that the truth of her impeachment would be revealed, with the main opposition party urging prosecutors to investigate her quickly.The Constituti

    March 13, 2017 03:06 pm JST
  • Shine coming off Japanese infrastructure in Turkey

    ISTANBUL -- The loss by IHI and Itochu to a South Korean-led bid on a major bridge project in Turkey could mark a turning point for Japan's efforts to boost infrastructure exports to the country.The Japanese duo had sought to build a roughly 2,000-m

    March 13, 2017 03:00 pm JST
  • South Korea, US begin annual military exercise amid North Korea tensions

    SEOUL (Kyodo) -- South Korea and the United States began their annual joint military exercise on Monday amid heightened tensions with North Korea following its latest test-firing of ballistic missiles.The two-week exercise, known as Key Resolve, com

    March 13, 2017 12:57 pm JST
  • Indonesian passenger plane project set to take flight

    TOKYO -- Indonesia's first commercially produced homegrown passenger plane is nearly ready for its first flight, an achievement that would do much to bolster a growing industry. Yet state-run manufacturer Dirgantara Indonesia has a number of hurdles

    March 13, 2017 12:30 pm JST
  • Ousted South Korea leader arrives back home

    SEOUL (AP) -- Ousted South Korean President Park Geun-hye expressed defiance toward the corruption allegations against her as she vacated the presidential palace and returned to her home on Sunday, two days after the Constitutional Court removed her

    March 12, 2017 10:45 pm JST
  • Opponents of South Korea's ousted Park rally to call for her arrest

    SEOUL (Reuters) -- Opponents of South Korea's ousted leader, Park Geun-hye rallied in the capital, Seoul, on Saturday to demand that she be arrested, a day after she was thrown out of office over a corruption scandal involving the country's conglome

    March 11, 2017 11:43 pm JST
  • Interview

    WeWork sets sights on Asia

    NEW YORK -- Co-working industry leader WeWork has set its sights on Asia for a major expansion. Established in New York in 2010 and valued at $16 billion by investors, the private startup has grown its network to more than 100 locations. Already in

    March 11, 2017 02:00 pm JST
  • South Korea set for foreign policy shift following Park's exit

    SEOUL -- South Korea's liberal opposition holds the momentum with the country's presidential election suddenly only weeks away, and a victory could result in warmer policies toward North Korea and China than under the nation's last two conservative

    March 11, 2017 08:00 am JST
  • Smooth course for Pyeongchang Olympics after Skiing World Cup

    JEONGSEON, South Korea -- As the Women's Alpine Skiing World Cup started on March 4 it was not difficult to imagine that the 2018 Pyeongchang Winter Olympics had already arrived in South Korea.There were hundreds of fans massed at the bottom of the

    March 11, 2017 07:00 am JST
  • Park failed to spark South Korean economy, revamp industry

    SEOUL -- South Korea never shook off its economic doldrums under Park Geun-hye, despite her promises of an economic "miracle," and the impeached president leaves behind many of the same problems she inherited four years ago.Park aimed for 4% economi

    March 11, 2017 06:15 am JST
  • Park faces criminal probe over bribery allegations

    SEOUL -- South Korean state prosecutors will mount a full-scale investigation of Park Geun-hye on corruption charges, probably seeking to indict the deposed president for conspiring to take bribes or extort funds from major conglomerates such as Sam

    March 11, 2017 06:00 am JST
  • Populist rage moves the court in Park's ouster

    SEOUL -- The South Korean public has finally succeeded in removing President Park Geun-hye from office, with its outrage pushing prosecutors and even the country's highest court to join the effort. At the root of this populist movement is the nation

    March 11, 2017 04:30 am JST
  • David S. Lee

    Park's removal does not end South Korea's leadership void

    The South Korean Constitutional Court's unanimous decision to uphold the impeachment of President Park Geun-hye is historic. Yet the high-stakes political drama that has gripped the nation since allegations of cronyism and corruption between Park an

    March 10, 2017 09:33 pm JST
  • Moon leads ahead of South Korea presidential vote

    SEOUL -- With disgraced former President Park Geun-hye forced from office after South Korea's Constitutional Court upheld the parliament's impeachment of her on Friday, public attention is shifting to the question of who will replace her.Candidates

    March 10, 2017 05:18 pm JST
  • Prosecutors can now interrogate Park

    SEOUL -- State prosecutors will open a full-scale investigation into South Korea's impeached Park Geun-hye on suspicions of corruption and collusion.The prosecutors will take over a probe that had been conducted by a special prosecution team that ac

    March 10, 2017 02:45 pm JST