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  • CJ CheilJedang to spend $800m on plant, acquisition

    SEOUL -- South Korea's CJ CheilJedang will spend 900 billion won ($798 million) on a new domestic food-processing plant and a Brazilian producer of animal feed ingredients, the food company said Monday.Construction of a roughly 330,000-sq.-meter foo

    June 13, 2017 04:23 am JST
  • Doublestar's Kumho Tire deal drifts off course

    SEOUL -- Chinese tire maker Qingdao Doublestar is struggling to complete its ambitious 955 billion won ($845.1 million) deal to buy a 42% controlling stake in ailing South Korean peer Kumho Tire, as both sides play a tug of war over the price of the

    June 12, 2017 09:08 pm JST
  • South Korea's Moon asks for Japan's patience in resolving 'past history'

    SEOUL (Reuters) -- South Korean President Moon Jae-in said on Monday ties with Japan are being blocked by historical issues that will take time to resolve and he asked for Japan's understanding and cooperation on the issue.Moon's comments were an ap

    June 12, 2017 08:40 pm JST
  • South Korean president names five new ministers

    SEOUL (Kyodo) -- South Korean President Moon Jae In on Sunday named five new ministers, including a new vice prime minister and defense minister. Song Young Moo, a retired Navy admiral, has been appointed defense minister, according to the president

    June 11, 2017 09:55 pm JST
  • Market filters winners and losers in first month of Moon presidency

    SEOUL -- Shares in Hanmi Science and LG Display have soared in the month since South Korean President Moon Jae-in took power on May 10, while SK Innovation and Korea Electric Power, or Kepco, saw their stock tumble, illustrating the wide disparity i

    June 10, 2017 12:00 pm JST
  • North-South Korea joint event to be called off

    SEOUL -- A jointly organized event in Pyongyang to commemorate the 17th anniversary of a summit between North and South Korean leaders looks likely to fall through, a South Korean civic group said Friday.The group had not received an invitation from

    June 10, 2017 07:33 am JST
  • Kakao prepares launch of South Korea's answer to Siri

    HONG KONG/SEOUL -- South Korean technology company Kakao will launch a voice-controlled service powered by artificial intelligence in the third quarter of this year, joining a crowded field of competitors including Samsung Electronics and Apple.Kaka

    June 9, 2017 11:19 pm JST
  • Asian stocks mostly unscathed after UK election surprise as techs advance

    HONG KONG (Nikkei Markets) -- Asian stocks rose Friday, shrugging off incoming results of U.K. general elections that showed a hung parliament and uncertainty over the nation's Brexit negotiations with the European Union as a distinct possibility.Th

    June 9, 2017 02:41 pm JST
  • India's cellphone makers struggle to keep up with huge growth

    MUMBAI -- When Micromax Informatics hired Hollywood star Hugh Jackman as its brand ambassador in October 2013, India went into a frenzy. An affordable local brand hiring a global A-lister showed the company had made the big time.By 2015, Micromax ha

    June 9, 2017 02:00 pm JST
  • UK election impact on Asian markets limited

    TOKYO -- Exit polls from the U.K. general election show Prime Minister Theresa May's Conservative Party could fall short of an overall majority, but this appears to have had little impact on Asian markets on Friday.Japan's Nikkei stock average start

    June 9, 2017 10:45 am JST
  • Hyundai on headhunting blitz for executives

    SEOUL -- Hyundai Motor has nabbed a design director from Germany's Volkswagen, as the South Korean automaker hires more executives from competitors amid efforts to climb out of a slump.The company aims to revamp its brand in China with the help of V

    June 9, 2017 08:23 am JST
  • Japan, China, South Korea to pursue joint Arctic research

    TOKYO -- China, South Korea and Japan agreed in high-level talks here Thursday to work together on scientific research in the Arctic Ocean with an eye toward future shipping routes and resource development.The East Asian nations seek to avoid fallin

    June 8, 2017 11:49 pm JST
  • Samsung looks to reconnect in Japan with new smartphone

    TOKYO -- Samsung Electronics will begin selling Japan-only Galaxy Feel smartphones later in June in hopes of clawing back lost market share in Japan.Samsung on May 26 opened the Galaxy Studio showroom in Tokyo's ritzy Omotesando district, offering p

    June 8, 2017 11:21 am JST
  • North Korea fires surface-to-ship cruise missiles

    TOKYO (Kyodo) -- North Korea test-fired Thursday what appeared to be surface-to-ship cruise missiles that traveled about 200 kilometers off its east coast, South Korea's military said.South Korea's Joint Chiefs of Staff said the projectiles, not tho

    June 8, 2017 11:02 am JST
  • Domestic cellphone makers struggle to keep up with huge growth

    MUMBAI When Micromax Informatics hired Hollywood star Hugh Jackman as its brand ambassador in October 2013, India went into a frenzy. An affordable local brand hiring a global A-lister showed the company had made the big time.By 2015, Micromax had m

    June 8, 2017 10:00 am JST
  • US defense chief tells China to get tough on Pyongyang

    SINGAPORE U.S. Defense Secretary James Mattis called on China to help stymie North Korea's nuclear ambitions, describing the Kim Jong Un regime as a "clear and present danger" to U.S. national security.Speaking on June 3 at the 16th Asia Security Su

    June 8, 2017 10:00 am JST
  • South Korean retailers get squeezed at home and abroad

    SEOUL Shinsegae Vice Chairman Chung Yong-jin is a popular figure on social networks, boasting 125,000 followers on Instagram. The 48-year-old heir apparent of the South Korean retail group regularly posts pictures of his daughter and her puppy, as w

    June 8, 2017 10:00 am JST
  • South Korea foreign minister pick vows 'comfort women' talks

    SEOUL -- South Korea's nominee for foreign minister, Kang Kyung-wha, said at a confirmation hearing Wednesday that she would seek renewed discussions over a 2015 deal with Japan on wartime "comfort women" if she wins approval."I will try to gather w

    June 8, 2017 06:14 am JST
  • Seoul to conduct review before allowing more US launchers

    SEOUL (AP) -- South Korea said Wednesday it will set up an environmental review before allowing four more launchers to be added to a contentious U.S. missile defense system meant to cope with North Korean threats.The Terminal High-Altitude Area Defe

    June 8, 2017 01:41 am JST
  • Transactions within South Korean conglomerates up in 2016

    SEOUL -- Family-owned conglomerates increased internal transactions by 23% in 2016 from two years ago, ruling out external competition and making maximum profit for themselves, industry data showed Wednesday.CEO Score, a corporate information provid

    June 7, 2017 08:39 pm JST