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  • South Korea defense ministry 'intentionally dropped' THAAD units in report -- Blue House

    SEOUL (Reuters) -- South Korea's Defence Ministry "intentionally dropped" mentioning that four more launchers had been deployed for the controversial U.S. THAAD anti-missile system in a report to President Moon Jae-in's top aides, his office said on

    May 31, 2017 01:27 pm JST
  • South Korea April factory output unexpectedly declines, misses forecasts

    SEOUL (Reuters) -- South Korea's industrial production fell 2.2 percent in April from a month ago, data showed on Wednesday, missing analyst forecasts and weakening from a month earlier.The decline follows a 1.2 percent rise in industrial production

    May 31, 2017 09:08 am JST
  • Japan could become missile target, Pyongyang warns

    SEOUL -- North Korea has warned that Japan could be targeted in a missile attack if it "persists in hostility" toward the North, while Tokyo is reaching out to neighbors in an effort to turn up the heat on Pyongyang.Although the North is currently o

    May 31, 2017 04:54 am JST
  • South Korea's Moon 'shocked' by undisclosed THAAD launchers

    SEOUL -- South Korean President Moon Jae-in on Tuesday ordered an investigation into four additional launchers for a controversial American missile defense system, saying the Ministry of National Defense failed to tell the new administration about t

    May 31, 2017 01:30 am JST
  • SK Innovation bets on batteries amid rising demand for electric cars

    SEOUL -- The chief executive of SK Innovation, which owns South Korea's largest oil refinery, said Tuesday that it would increase investment in its battery business to cope with the fast-growing market in electric vehicles.Kim Jun said that the comp

    May 30, 2017 08:31 pm JST
  • Samsung to pour $9bn into Chinese flash memory plant

    SEOUL -- Samsung Electronics will spend around 10 trillion won ($8.91 billion) to double capacity at a cutting-edge memory chip plant in China by 2019, aiming to solidify its position at the top as the sale of rival Toshiba's memory operations drags

    May 30, 2017 04:50 am JST
  • North Korea's launch of short-range Scud missile tests new South Korean president, allies

    SEOUL -- North Korea fired at least one short-range ballistic missile on Monday morning from its east coast. It landed in the sea within Japan's exclusive economic zone, according to the Japanese government. The missile, which flew about 400km, is a

    May 29, 2017 03:17 pm JST
  • North Korean missile falls within Japan's exclusive economic zone

    TOKYO (Kyodo) -- North Korea fired a ballistic missile Monday that is believed to have fallen into Japan's exclusive economic zone in the Sea of Japan, in the latest in a series of weapons tests in defiance of the international community, the Japane

    May 29, 2017 02:18 pm JST
  • China's top diplomat in Tokyo for talks on North Korea

    TOKYO -- Japanese government officials will hold talks with China's top diplomat on North Korea during his three-day visit to Tokyo that starts today, according to the Japanese Foreign Ministry. Japan's National Security Council chief Shotaro Yachi

    May 29, 2017 12:40 pm JST
  • Company in focus

    South Korea's new energy plan puts pressure on Kepco

    SEOUL/JEJU - The blades of some 20 wind turbines spin at the Sinchang Wind Power Complex, off the western coast of Jeju, South Korea's popular resort island. The turbines, run by a subsidiary of Korea Electric Power, are part of a project to make th

    May 28, 2017 12:00 pm JST
  • Seoul lets humanitarian group contact North Koreans

    SEOUL -- A South Korean humanitarian organization can communicate with North Koreans, the Ministry of Unification here said Friday, in a possible key step toward President Moon Jae-in's goal of resuming talks with Pyongyang.The Korean Sharing Moveme

    May 27, 2017 12:37 am JST
  • Samsung to set up $450m fund to help subcontractors

    SEOUL -- Samsung Electronics will introduce a scheme aimed at helping its secondary suppliers operate on a more solid financial footing.The South Korean conglomerate will set up a new fund worth 500 billion won ($448 million), whose function is to p

    May 26, 2017 04:59 am JST
  • East Asian workers remarkably disengaged

    TOKYO -- Workers in East Asia are much less engaged in their jobs than their counterparts in the rest of the world, a recent survey by Gallup shows. Experts say East Asian companies need to alter their management styles before disengaged workforces

    May 25, 2017 10:40 pm JST
  • Asian companies shine in Forbes Global 2000

    TOKYO -- Chinese banks topped the list and a slew of Asian corporations were featured in the Forbes Global 2000 ranking of the world's largest and most powerful public companies, reflecting the region's growing economic clout.Industrial and Commerci

    May 25, 2017 02:30 pm JST
  • Bank of Korea keeps rates unchanged for 11th month, in line with forecasts

    SEOUL (Reuters) -- South Korea's central bank kept interest rates unchanged for a 11th straight month on Thursday, opting for stability in its first policy review since President Moon Jae-in's inauguration.The Bank of Korea's monetary policy committ

    May 25, 2017 10:29 am JST
  • Japan welcomes a record number of tourists in April

    TOKYO Summer is on its way and Japan's tourism industry has plenty to smile about. The number of foreign visitors to the country topped 2.57 million in April, the highest ever total for a single month.The figure represents a 23.9% rise from a year e

    May 25, 2017 10:00 am JST
  • Park, prosecutors face rising stakes in corruption trial

    SEOUL -- Former South Korean President Park Geun-hye on Tuesday denied all charges against her in a sprawling corruption scandal, for which she could potentially be imprisoned, while prosecutors pushed for a speedy trial amid growing pressure to pro

    May 24, 2017 02:50 am JST
  • South Korea fires at suspected drone at border with North

    SEOUL (Reuters) -- South Korea's military fired warning shots at a suspected drone from North Korea on Tuesday amid tension over Pyongyang's latest missile test which drew international condemnation and a warning from China.The identity of the objec

    May 23, 2017 07:45 pm JST
  • North Korean defectors divided on Seoul detente

    SEOUL -- Days before Moon Jae-in was elected president of South Korea on May 9, about 300 people gathered at the national legislature to endorse the former human rights lawyer and advocate of dialogue and engagement with reclusive North Korea. Surpr

    May 23, 2017 05:30 pm JST
  • South Korea's Park Geun-hye denies all charges at first hearing

    SEOUL -- Former South Korean President Park Geun-hye's first hearing began at the Seoul Central District Court on Tuesday morning. Park was in court for the first time since her arrest on March 31 after being ousted as president.During the hearing,

    May 23, 2017 02:55 pm JST