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  • No talks -- or missiles -- from North Korea on 'V-day'

    SEOUL -- Although North Korea snubbed requests by South Korea to hold a military dialogue on Thursday, which marked the 64th anniversary of Korean War armistice, it also refrained from a ballistic missile launch it had shown signs of preparing.With

    July 28, 2017 06:29 am JST
  • Consumption leads South Korea's modest economic recovery

    SEOUL -- South Korea's gross domestic product grew 0.6% in the April-June quarter, the Bank of Korea said Thursday, slowing slightly from the previous three months but still managing to expand on the back of brisk consumption.The uptick was a step b

    July 28, 2017 12:50 am JST
  • Beijing-Seoul missile defense spat dents Kia's profits

    SEOUL -- Kia Motors' group operating profit tumbled 44% on the year to 787 billion won ($707 million) for the six months through June as Chinese consumers snubbed the South Korean automaker amid diplomatic tensions between Beijing and Seoul.Sales sa

    July 27, 2017 11:30 pm JST
  • LG Display in talks with Chinese TV makers over OLED lines

    SEOUL -- LG Display is in talks with Chinese TV manufacturers over the company's plan to build production lines for large-size organic light emitting diode panels in China, CEO Han Sang-beom said Wednesday.Earlier this week, the South Korean panel m

    July 27, 2017 04:42 pm JST
  • Samsung's quarterly operating profit rockets to new high

    SEOUL -- Samsung Electronics increased its group operating profit 73% from a year ago, hitting an all-time quarterly high of 14.07 trillion won ($12.6 billion) for the April-June period, the South Korean company said Thursday.Buoyed by brisk demand,

    July 27, 2017 12:48 pm JST
  • South Korea's Q2 GDP expands 0.6% on quarter, matches forecasts

    SEOUL (Reuters) -- South Korea's gross domestic product growth almost halved to 0.6 percent in the second quarter of 2017 from the previous three months, the central bank estimated on Thursday, as construction sector activity that had supported grow

    July 27, 2017 12:21 pm JST
  • Samsung Electronics books record Q2 operating profit, up 73%

    SEOUL (Reuters) -- Samsung Electronics Co Ltd on Thursday said income from memory chips helped it book record quarterly profit for the three months through June, as the South Korean tech firm reported earnings results that matched its earlier guidan

    July 27, 2017 10:34 am JST
  • Hyundai struggles for traction in China and US

    SEOUL/SHANGHAI "We'll give you an additional discount of 7,000 yuan ($1,035) on top of the 20,000 yuan," salesman Zhao Wenxi told a potential customer in mid-July at a Shanghai dealership of South Korea's Hyundai Motor.The popular Tucson SUV model t

    July 27, 2017 10:00 am JST
  • The future is vaporous for Philip Morris in Asia

    SEOUL The growing popularity of e-cigarettes in Japan and South Korea has Philip Morris International, the world's most valuable cigarette company, considering a future in which cigarettes are stubbed out completely in the two countries within five

    July 27, 2017 10:00 am JST
  • Asian investment is turning Ethiopia into textile hub

    ADDIS ABABA, Ethiopia The East African country of Ethiopia is fast developing into a dynamic apparel-sourcing hub, as low labor costs draw in international clothing makers.Manufacturers from China, South Korea, India and other countries have opened

    July 27, 2017 10:00 am JST
  • North snubs South as Pyongyang remains fixated on Washington

    SEOUL Repeated attempts by South Korean President Moon Jae-in to resume dialogue with North Korea have been met with silence as Pyongyang continues to show little interest in negotiating with anybody but the U.S.On July 17, the South Korean defense

    July 27, 2017 10:00 am JST
  • The honeymoon is over for the US and China

    WASHINGTON Despite recent shows of cooperation, Washington and Beijing seem once again to be drifting apart after failing to achieve much of substance on either trade or North Korea at a recent bilateral meeting.At the beginning of the meeting, held

    July 27, 2017 10:00 am JST
  • John Merrill: End war games in South Korea to resolve nuclear impasse

    The Chinese and Russian proposal for a freeze on large-scale U.S.-South Korean military exercises in return for a freeze on further North Korean nuclear and missile tests just might work -- if only Washington would give it a chance, rather than dism

    July 27, 2017 10:00 am JST
  • Pain continues for South Korean companies over THAAD

    SEOUL/DALIAN, China -- Five months after Beijing and Seoul began openly clashing over the deployment of a U.S. missile shield in South Korea, the South's companies continue to suffer a significant dent to their business in China from retaliatory mea

    July 27, 2017 09:18 am JST
  • North Korea missile test imminent say Washington, Seoul

    SEOUL -- The U.S. and South Korea are watching Pyongyang closely amid signs that North Korea may launch another ballistic missile as early as Thursday local time.A July 27 launch would coincide with the 64th anniversary of the armistice that ended t

    July 27, 2017 03:49 am JST
  • Celltrion's April-June profit soars 79% to record

    SEOUL -- Celltrion's operating profit for the second quarter of 2017 surged 79% on the year, the South Korean company reported Wednesday, aided by brisk worldwide sales of its mainstay rheumatoid arthritis treatment, Remsima.The April-June profit of

    July 26, 2017 11:27 pm JST
  • Hyundai Motor's net profit halves in Q2 on poor China sales, sluggish US demand

    SEOUL -- Hyundai Motor's net profit in the second quarter halved from a year ago, due to a sharp drop in sales in China as well as sluggish demand in the U.S., the company said Wednesday.Hyundai's net profit dropped 48.2% to 914 billion won in the A

    July 26, 2017 06:54 pm JST
  • Hyundai Motor Q2 net profit halves as China sales sag

    SEOUL (Reuters) -- Hyundai Motor's bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States.The South K

    July 26, 2017 02:31 pm JST
  • LG to build China's first large-panel OLED plant

    SEOUL -- South Korea's LG Display announced Tuesday it will build what is to be China's first production plant for large OLED panels, which are coming into greater use in televisions and digital signage.OLED panels are attracting attention because t

    July 26, 2017 04:08 am JST
  • South Korean department stores hit hard by declining Chinese tourists

    SEOUL -- South Korea's department stores are suffering from a sharp drop in Chinese tourists who are reluctant to visit their neighboring country due to political tensions between Seoul and Beijing, government and industry data showed Tuesday.Hyunda

    July 25, 2017 10:12 pm JST