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  • Russia steps up as go-between on North Korea

    MOSCOW -- Russia has been setting up a number of high-profile meetings with North Korean officials, positioning itself as an intermediary for negotiations with the isolated state in a bid to improve Moscow's strained relations with the U.S.Valentina

    October 17, 2017 02:02 am JST
  • Three younger presidents seen filling Samsung power vacuum

    SEOUL - The shock resignation of Samsung Electronics CEO Kwon Oh-hyun last week signals a generation shift at the tech conglomerate, paving the way for younger executives to take the helm in the absence of Vice Chairman Lee Jae-yong.Analysts say tha

    October 16, 2017 07:54 pm JST
  • South Korea police seek arrest warrant for Hanjin Group chief

    SEOUL (Reuters) -- South Korean police are seeking an arrest warrant for Cho Yang-ho, chairman of Hanjin Group, the parent of Korean Air Lines, on charges of breach of trust following their probe into construction work at his house, a police officia

    October 16, 2017 03:15 pm JST
  • US, South Korea begin 5-day exercise amid threat from North

    SEOUL -- U.S. and South Korean naval forces started a joint military exercise on Monday.The five-day exercise, lasting until Oct. 20, is meant to keep North Korea in check, and will be conducted in the Sea of Japan and the Yellow Sea off the coast o

    October 16, 2017 02:58 pm JST
  • Comment

    We may be sleepwalking into another financial crisis

    TOKYO -- Indonesian conglomerate Santini Group has an important unwritten rule rooted in its experiences during the Asian currency crisis of 1997: No borrowing money.Luki Wanandi, who later took the reins from his founder father in 1999, was an exec

    October 16, 2017 08:00 am JST
  • South Koreans love to visit Japan, but their affection is unrequited

    Japan is the top destination for South Korean vacationers, but Japanese travelers aren't returning the favor as Seoul continues to press Tokyo on "comfort women" and other wartime issues. A 2016 survey by the Korea Culture and Tourism Institute show

    October 15, 2017 10:03 pm JST
  • 'Teapot' oil refinery consolidation in China may spawn a tempest

    TOKYO -- A looming consolidation of China's independent oil refineries, known as "teapots," is raising fears of an export surge that could hit already sagging Asian prices.Seven out of nearly 30 teapots concentrated mainly in the eastern province of

    October 15, 2017 08:31 pm JST
  • Interview

    Unilever CEO values sustainable-development opportunities in Asia

    SINGAPORE -- When the United Nations issued its 17 Sustainable Development Goals, which were adopted by the organization in September 2015, Unilever Chief Executive Paul Polman stood out as the only business leader who took part in drafting the docu

    October 15, 2017 12:00 pm JST
  • Taiwan's OLED display panel makers fight for life

    TAIPEI -- Display panel manufacturers in Taiwan are looking for ways to survive increasingly fierce market offensives by Chinese and South Korean competition.At the Touch Taiwan panel industry trade fair held recently in Taipei, AU Optronics unveile

    October 15, 2017 10:10 am JST
  • G-20 upbeat on world economy, affirms coordination over risks

    WASHINGTON (Kyodo) -- Finance chiefs from the Group of 20 major economies agreed Friday to step up coordination in better coping with risk factors to the world economy such as North Korea, amid signs that 2017 will be the best year for global growth

    October 14, 2017 08:13 pm JST
  • South Korean singer's death cast in mystery

    SEOUL -- Two decades on and the death of a popular South Korean folk singer is back under scrutiny, put there by a documentary hinting at the possibility that the singer might not have committed suicide as long thought.In January 1996, the body of K

    October 14, 2017 11:00 am JST
  • With war plan hack, North Korea finds the trump card

    SEOUL/TOKYO -- Straight out of the text book of asymmetric warfare, North Korea's thousand-plus hackers have allegedly succeeded in breaching the South Korean defense ministry's data center, stealing 235 gigabytes of military secrets.It is equivalen

    October 14, 2017 09:00 am JST
  • Beijing's green car push helps Chinese battery makers reign

    TOKYO -- Chinese makers of lithium ion batteries for electric cars have snagged a nearly two-thirds share of the global market with heavy state support, and their spending shows no signs of slowing as they encroach on technologically advanced rivals

    October 14, 2017 04:48 am JST
  • South Korea, unofficially, reveals renewal of China currency pact

    SEOUL/BEIJING -- China and South Korea renewed their currency swap pact earlier this week but opted not to make an announcement, apparently out of consideration for Beijing's political conundrum ahead of the Communist Party congress.But keeping the

    October 14, 2017 04:17 am JST
  • Toshiba holds out olive branch to Western Digital for chip investment

    TOKYO -- Toshiba's flash memory arm plans to pour more than 300 billion yen ($2.68 billion) a year into capital investment to ramp up production amid a shortage -- an effort for which it hopes to enlist partner Western Digital's help, despite a lega

    October 14, 2017 03:46 am JST
  • Nikkei Asia300 Index gains as Singapore stocks rally on economic growth

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Friday, helped by a rally in Singapore shares after better-than-expected third-quarter economic growth in the city-state.Samsung Electronics declined as record earnings were overshadowed by the

    October 13, 2017 08:45 pm JST
  • Anthony Couse

    Green office blocks secure better tenants

    Singapore's Asia Square Tower 2 made headlines last month when it was sold to CapitaLand Commercial Trust for $1.5 billion, setting the record for the biggest office deal in Asia Pacific this year. In 2016, Asia Square Tower 1 was acquired by Qatar

    October 13, 2017 03:00 pm JST
  • Samsung Electronics CEO resignation shocks industry

    SEOUL - Samsung Electronics posted record high earnings in the third quarter thanks to rising prices in memory chips, but the announcement was overshadowed by chief executive Kwon Oh-hyun's sudden offer to resign, signaling a generational shift in t

    October 13, 2017 02:59 pm JST
  • South Korea extends $56bn currency swap with China for 3 years

    SEOUL (Reuters) -- South Korea said on Friday it has agreed with China to extend a currency swap deal between the countries' central banks, a decision that points to an easing of diplomatic tensions with Beijing over security issues.The $56 billion

    October 13, 2017 01:18 pm JST
  • Samsung Elec on track for record Q3 as chips soar

    SEOUL (Reuters) -- Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins. Samsung shares touche

    October 13, 2017 09:45 am JST