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  • South Korea power boss steps down after UK nuclear deal nears

    SEOUL -- Korea Electric Power, or Kepco, said on Thursday its President Cho Hwan-eik would resign tomorrow, with the news coming a day after the state-owned utility was awarded preferential negotiation rights for the purchase of Toshiba's nuclear po

    December 7, 2017 08:26 pm JST
  • Nikkei Asia300 Index little changed as tech firms gain, offsetting weak energy stocks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended little changed as a rebound in technology heavyweights offset a fall in energy producers after Brent crude prices dropped to their lowest in more than a month.The Nikkei Asia300 Index ended al

    December 7, 2017 08:15 pm JST
  • South Korea's Moon still surfing wave of anger at conservatives

    SEOUL -- About a year after Park Geun-hye's presidency was engulfed by a scandal, South Korea's left-leaning groups and labor unions are gaining influence under her liberal successor, Moon Jae-in.A prime example of the national mood: On Nov. 14, a c

    December 7, 2017 01:45 pm JST
  • India's economy to be world's No.3 by 2028: forecast

    TOKYO -- India and key Association of Southeast Asian Nations members will become increasingly vital drivers of Asian growth over the coming decade, while China's economy slows to a pace comparable with the U.S., new projections from the Japan Cente

    December 7, 2017 12:40 pm JST
  • Pope Francis clears a new path for Christianity in Asia

    YANGON/TOKYO On the third day of his recent visit to Myanmar, Pope Francis entered the Kaba Aye Center, one of the most important Buddhist temples in Yangon, with his shoes off in accordance with local customs.There, he delivered a message: "For whe

    December 7, 2017 10:00 am JST
  • Japan loses its appeal as a regional air hub

    NEW YORK Japan is losing its luster as the primary aviation hub in Northeast Asia.Major U.S. airlines are scrapping routes to and from Narita International Airport near Tokyo -- the country's main international gateway -- and opting instead for airp

    December 7, 2017 10:00 am JST
  • Autos the best performer in Asia sector PMI in November

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index for November showed output growth in 15 of the 19 sectors monitored, instead of 13 for the previous month.Automobiles and auto parts (61.0) posted the most pronounced growth, followed by pha

    December 7, 2017 09:30 am JST
  • North Korea says US threats make war unavoidable on Korean peninsula -KCNA

    SEOUL (Reuters) -- Large military drills being carried out by the United States and South Korea and U.S. threats of a preemptive war against Pyongyang have made the outbreak of war on the Korean peninsula "an established fact", North Korea's foreign

    December 7, 2017 09:29 am JST
  • Russia Olympics ban brings new headache for South Korea

    SEOUL -- Russia's banishment from the upcoming 2018 Winter Olympics in South Korea is especially bad news for the host country, as the absence of the winter sports giant will likely further erode the games' economic benefits, which have already been

    December 7, 2017 07:14 am JST
  • Samsung Heavy pre-empts investors with negative 2018 guidance

    SEOUL -- Samsung Heavy Industries said Wednesday that it is bracing for a group operating loss of 240 billion won ($219 million) for the year through December 2018, hit by delays in structural reforms and the rise of Chinese rivals. The South Korean

    December 7, 2017 07:10 am JST
  • Kepco takes lead to buy Toshiba UK nuclear unit NuGen

    SEOUL -- Korea Electric Power is entering one-on-one talks to acquire Toshiba's NuGen nuclear power business in the U.K., seeking a win for a South Korean team trying to expand its reactor-building business abroad.The partially state-owned utility

    December 7, 2017 05:36 am JST
  • Japan Display affiliate seeks funds to churn out printed OLEDs

    TOKYO -- Japan Display affiliate JOLED has brought in Sumitomo Chemical to help fund a new plant making organic light-emitting diode display panels via a novel low-cost method, though many more contributions are needed to make that plan a reality.Th

    December 7, 2017 02:00 am JST
  • B-1 bomber adds firepower to US-South Korea military drills

    SEOUL -- An American B-1B strategic bomber took part in U.S.-South Korean exercises Wednesday, officials here said, in a warning to North Korea following its latest ballistic missile test.The supersonic warplane took off from its base in Guam and fl

    December 7, 2017 01:58 am JST
  • Nikkei Asia300 Index extends losses on Trump's Jerusalem move

    MUMBAI (NewsRise) -- Asian stocks outside of Japan extended losses on Wednesday, amid concerns that U.S. President Donald Trump's move to recognize Jerusalem as the capital of Israel could trigger unrest in the Middle East.A plunge in copper prices

    December 6, 2017 09:18 pm JST
  • Hyundai Motor breached patents, claims contractor

    SEOUL -- Hyundai Motor is under the spotlight for allegedly stealing technology from a contractor, which has filed a petition calling for a criminal investigation of the automaker, as another company has emerged with similar allegations.BJC, an Inch

    December 6, 2017 07:44 pm JST
  • Cover story

    Asia braces for the end of easy money

    TOKYO -- Visitors to the Royal Palace Park in Phnom Penh don't need to worry if they forget to bring wads of Cambodian riel with them -- all of the owners of the nearby food and drink stalls tell their customers to pay in U.S. dollars anyway. It is

    December 6, 2017 03:25 pm JST
  • South Korean President Moon to visit China December 13-16: Xinhua

    BEIJING (Reuters) -- South Korean President Moon Jae-in will visit China from Dec. 13-16, China's official Xinhua news agency said on Wednesday, citing Foreign Ministry spokesman Lu Kang.Xinhua did not give further details but the visit will come at

    December 6, 2017 02:30 pm JST
  • South Korea's corporate giants face reckoning over outsize influence

    SEOUL -- Two decades after the Asian financial crisis rattled South Korea's conglomerates, the sprawling groups face a public frustrated by growing economic inequality and a president, Moon Jae-in, who has promised to undertake sweeping reforms.When

    December 6, 2017 11:30 am JST
  • Samsung doubles smartphone memory capacity

    SEOUL -- Samsung Electronics has doubled the capacity of its smartphone flash memory to 512 gigabytes, and has begun mass-producing the new storage packages, the company said Tuesday.The increased capacity is due to appear in premium phones includin

    December 6, 2017 04:15 am JST
  • South Korea to hike corporate tax, bucking global trends

    SEOUL -- The South Korean parliament is expected to pass Tuesday a bill to increase corporate taxes to 25% for the highest earning companies from next year, deviating from a global trend of corporate tax cuts.Party leaders agreed to raise the corpor

    December 5, 2017 06:55 pm JST