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  • China-led AIIB approves seven new members ahead of new Silk Road summit

    BEIJING (Reuters) -- The China-backed Asian Infrastructure Investment Bank (AIIB) said on Saturday it had approved seven new members to join the bank, a day before China's biggest diplomatic event of the year kicks off.Leaders from 29 countries will

    May 13, 2017 07:30 pm JST
  • Seoul, Pyongyang envoys may talk at Belt and Road Forum

    SEOUL -- A South Korean delegation to the two-day Belt and Road Forum in Beijing that starts Sunday could meet with representatives from North Korea.The delegation led by Park Byeong-seug, a former deputy speaker of the South's National Assembly, ma

    May 13, 2017 06:54 am JST
  • Moon promises to eliminate all contract jobs in public sector

    SEOUL -- New South Korean President Moon Jae-in promised Friday to end all contract employment in the public sector during his term, with hopes of encouraging private-sector employers to offer more permanent positions as well.Moon made the pledge du

    May 13, 2017 05:00 am JST
  • Netmarble aims to roll into global gaming ranks with IPO

    SEOUL -- The listing of Netmarble Games on Friday in the second-biggest initial public offering in South Korea's history caps one of the most storied turnarounds among local startups.Chairman Bang Jun-hyuk, 48, has set his sights on his 17-year-old

    May 12, 2017 11:10 am JST
  • China's new-car sales sink as tax break shrinks

    CHONGQING, China -- New-car sales in China went into reverse last month as weaker tax benefits for small automobiles hurt demand, but larger vehicles such as SUVs and pickup trucks are beginning to shine.Tax break hangoverThe China Association of Au

    May 12, 2017 06:50 am JST
  • Xi nudges Moon to think twice on THAAD

    SEOUL/BEIJING -- Chinese President Xi Jinping tacitly asked new South Korean counterpart Moon Jae-in on Thursday to reconsider the deployment of a U.S. anti-missile system.Moon told Xi that he would soon send a delegation to discuss the placement of

    May 12, 2017 06:40 am JST
  • South Korea's new president starts building his coalition

    SEOUL -- Newly sworn-in South Korean President Moon Jae-in has begun wooing rival parties in an effort to gain a working majority in the legislature, hoping to ensure smooth confirmations of key nominees.Im Jong-seok, Moon's new chief of staff, on T

    May 12, 2017 06:00 am JST
  • Moon offers no promise on 'comfort women' deal

    SEOUL/TOKYO -- The new South Korean president declined to say Thursday whether he will honor an agreement signed with Japan to end the wartime "comfort women" dispute, noting that the majority of South Koreans find it hard to accept the deal. In his

    May 12, 2017 04:50 am JST
  • China seeks Southeast Asia clout with Belt and Road projects

    BEIJING -- The Chinese government will use the upcoming international forum on its Belt and Road Initiative to show what it can offer Southeast Asia, hoping to strengthen its hand in the region.Heads of state and other dignitaries from 28 countries

    May 11, 2017 11:00 pm JST
  • One country's slump isn't ruining the Asia300 profit party

    HONG KONG -- The Asia300 -- Nikkei's curated selection of listed corporate standouts from across the region, excluding Japan -- took another knock last year, when its members' combined net profit suffered its first back-to-back decline in two decade

    May 11, 2017 06:00 pm JST
  • Japan's Toray prepares for change in South Korean economic policy

    TOKYO -- Toray Industries of Japan is paying keen attention to the economic policy of new South Korean President Moon Jae-in, as the neighboring country is the chemical fiber manufacturer's biggest market.Toray said Wednesday its group operating pro

    May 11, 2017 04:50 pm JST
  • Japan, South Korea leaders agree on early summit, cooperation on North Korea

    TOKYO (Reuters) -- Japanese Prime Minister Shinzo Abe and South Korea's new president, Moon Jae-in, agreed on Thursday to work together closely in dealing with North Korea's nuclear and missile development, and to hold a bilateral summit meeting at

    May 11, 2017 04:01 pm JST
  • Moon's picks for top posts reflect call for unity

    SEOUL -- South Korean President Moon Jae-in is keeping his pledge to unite a fractured society in mind as he staffs his new government, seeking to ensure geographical diversity as well as avoid having his closest supporters dominate his administrati

    May 11, 2017 02:45 pm JST
  • South Korean leader Moon discuss North Korea with China's Xi: Blue House

    SEOUL (Reuters) - South Korea's new President Moon Jae-in spoke to Chinese leader Xi Jinping on Thursday and said North Korea needs to cease making provocations before tensions over the deployment of a U.S. anti-missile system in the South can be re

    May 11, 2017 02:41 pm JST
  • Samsung Elec appoints new mobile marketing chief as part of reshuffle

    SEOUL (Reuters) -- Tech giant Samsung Electronics Co Ltd on Thursday named a new head of mobile marketing as well as a China chief as part of a long-delayed executive reshuffle following the arrest of its vice chairman for alleged bribery.Samsung sa

    May 11, 2017 01:42 pm JST
  • One country's slump isn't ruining the Asia300 profit party

    HONG KONG The Asia300 -- Nikkei's curated selection of listed corporate standouts from across the region, excluding Japan -- took another knock last year, when its members' combined net profit suffered its first back-to-back decline in two decades.

    May 11, 2017 10:00 am JST
  • South Korea opts for a fresh start with progressive Moon Jae-in

    SEOUL Disillusioned by nine years of conservative rule that culminated in the impeachment and removal of Park Geun-hye, South Koreans have chosen progressive Moon Jae-in, 64, as their next president amid rising concerns over inequality and a bellige

    May 11, 2017 10:00 am JST
  • South Korean prime minister pick seen as point man on Japan

    SEOUL -- President Moon Jae-in's nominee for prime minister, South Jeolla Province Gov. Lee Nak-yon, likely will play a key role in Seoul's relationship with Tokyo as one of the few members of the new South Korean administration bringing experience

    May 11, 2017 06:30 am JST
  • Japan to face a tough negotiator in Moon

    SEOUL -- Given Moon Jae-in's uncompromising stance on hot historical issues like wartime "comfort women," Japan is increasingly wary of dealing with a tough-minded South Korean president amid a challenging political landscape in Asia.Tokyo is partic

    May 11, 2017 06:00 am JST
  • Semiconductor sector surging on IoT, smartphones

    TOKYO -- The semiconductor industry is riding a wave of demand for memory chips thanks to the "internet of things" technology and ever-evolving smartphones.The momentum is so strong that three of Japan's six major chipmaking equipment manufacturers

    May 11, 2017 06:00 am JST