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  • Seoul market unfazed by Park's ejection

    TOKYO -- The South Korean stock market responded calmly to the Constitutional Court's ruling to eject President Park Geun-hye from office on Friday morning. Investors have remained thick-skinned through South Korea's first presidential impeachment,

    March 10, 2017 02:29 pm JST
  • South Korean court boots Park from office with unanimous ruling

    SEOUL -- South Korean President Park Geun-hye was removed from office on Friday, after the country's eight-member Constitutional Court unanimously upheld her impeachment by parliament.The court found the impeachment was justified on the grounds that

    March 10, 2017 01:18 pm JST
  • Tensions rise in South Korea ahead of impeachment verdict

    SEOUL -- Detractors and supporters of South Korean President Park Geun-hye are ratcheting up the rhetoric ahead of a high-court decision expected at 11 a.m. Friday on whether to uphold her impeachment.More demonstrations by both sides have been plan

    March 10, 2017 07:25 am JST
  • No end in sight to diplomatic row over 'comfort women' statue

    TOKYO -- Japan and South Korea remain in a diplomatic standoff over a statue representing wartime "comfort women," with no resolution in sight despite the growing need for cooperation in the face of North Korea's nuclear threat. "We will make a comp

    March 10, 2017 02:00 am JST
  • PayPal throws weight behind South Korean fintech pioneer

    SEOUL -- PayPal has joined a 55 billion won ($48 million) investment by Silicon Valley venture capital firms in South Korean fintech startup Viva Republica, the world's fastest-growing payments company by transaction volume. The deal marks the U.S.

    March 10, 2017 01:00 am JST
  • Samsung Electronics mulls new US plants to make appliances

    SEOUL -- Samsung Electronics said Thursday it was considering building plants to make home appliances in the U.S. as part of its mid- to long-term strategy.The South Korean tech company said it was thinking of setting up factories in the U.S. to cop

    March 9, 2017 07:27 pm JST
  • Koreans await Park impeachment ruling

    SEOUL -- South Korea remains trapped in turmoil as it expects its Constitutional Court to rule on President Park Geun-hye's impeachment on Friday. Its citizens are divided over whether they are for or against the president.Both sides have been holdi

    March 9, 2017 05:15 pm JST
  • Double Dip Asia300

    Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG -- Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is s

    March 9, 2017 05:10 pm JST
  • Double Dip Asia300

    China's chill hits banks' bottom lines

    TOKYO -- Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8%

    March 9, 2017 05:10 pm JST
  • Lawyers deny all charges against Samsung heir

    SEOUL (AP) -- Samsung lawyers have denied all charges brought against Lee Jae-yong, the billionaire heir to Samsung, in a massive corruption scandal that has ensnared the country's president.Lee's lawyers told a court Thursday that prosecutors are u

    March 9, 2017 05:02 pm JST
  • Huawei, Asian rivals take their battle to Mobile World Congress

    BARCELONA, Spain -- Chinese smartphone company Huawei Technologies is now a global crowd-puller.The day before the annual Mobile World Congress kicked off in Barcelona in late February, visitors from all over lined up outside Huawei's pavilion, not

    March 9, 2017 01:20 pm JST
  • Double Dip Asia300

    Asia Inc. stumbles through two years of profit shrinkage

    BANGKOK -- In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later,

    March 9, 2017 10:00 am JST
  • Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is stil

    March 9, 2017 10:00 am JST
  • China's chill hits banks' bottom lines

    TOKYO Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8% co

    March 9, 2017 10:00 am JST
  • Asian companies try to shake off two years of weaker profits

    BANGKOK In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later, th

    March 9, 2017 10:00 am JST
  • Huawei, Asian rivals take their battle to Mobile World Congress

    BARCELONA, Spain Chinese smartphone company Huawei Technologies is now a global crowd-puller.The day before the annual Mobile World Congress kicked off in Barcelona in late February, visitors from all over lined up outside Huawei's pavilion, not far

    March 9, 2017 10:00 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point from J

    March 9, 2017 10:00 am JST
  • ADB report poses $26tn question for Asia

    MANILA Back in 2009, the Asian Development Bank estimated the region would need $8 trillion worth of infrastructure investment between 2010 and 2020. Now, for the 15 years from 2016 to 2030, the bank reckons $26 trillion is in order to sustain curre

    March 9, 2017 10:00 am JST
  • US may revamp North Korea policy, UN ambassador indicates

    UNITED NATIONS -- The new American ambassador to the U.N. asserted Wednesday that the U.S. is re-evaluating its stance on North Korea and "will act accordingly," following Pyongyang's firing of four ballistic missiles into the Sea of Japan this week

    March 9, 2017 07:45 am JST
  • Beijing blends tough talk with promise of dialogue

    BEIJING -- Chinese Foreign Minister Wang Yi attempted a delicate balancing act at a news conference Wednesday, leery of either stoking international tensions or appearing weak at home during a critical political season.While expressing hope for a Ch

    March 9, 2017 06:50 am JST