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  • Hyundai Mobis to mass-produce key fuel-cell car module

    MANILA -- Hyundai Mobis has integrated production of core components of fuel-cell vehicles, paving the way for mass production.The main parts maker of the Hyundai Motor group spent more than 70 billion won ($62.2 million) to build a factory in its e

    August 9, 2017 05:58 am JST
  • LNG reaches 5-month high in Asia on strong electricity demand

    TOKYO -- The spot price of liquefied natural gas used in power generation has been rising in Asia as a hot summer fuels demand for air conditioning.The price now hovers around $5.90 per million British thermal units, up around 8% from a month earlie

    August 8, 2017 11:59 pm JST
  • North Korea sticks to its nuclear dreams despite China's warnings

    MANILA -- The relationship between China and North Korea is not quite as special as it once was. Chinese President Xi Jinping has often referred to their "blood ties," forged when the two sides fought against the U.S. in the Korean War. More recentl

    August 8, 2017 07:15 pm JST
  • South Korea's Moon taps Air Force chief to head Joint Chiefs of Staff

    SEOUL (Reuters) -- South Korean President Moon Jae-in on Tuesday named Air Force General Jeong Kyeong-doo to lead the country's Joint Chiefs of Staff amid tensions with North Korea, which continues to carry out provocations in defiance of internatio

    August 8, 2017 01:22 pm JST
  • US softens North Korea terms, offering both carrot and stick

    MANILA -- The U.S. appears to have lowered the bar for talks with North Korea while keeping a threat of military action on the table in what is seen as an effort to achieve a breakthrough in the increasingly tense standoff over Pyongyang's nuclear a

    August 8, 2017 04:59 am JST
  • South Korea prosecutors seek 12 years for Samsung heir

    SEOUL -- Prosecutors here recommended 12 years in prison Monday for Samsung Group's de facto leader Lee Jae-yong, who is on trial for charges including bribing ousted President Park Geun-hye for help securing his corporate position.The punishment wa

    August 8, 2017 02:00 am JST
  • North Korea vows 'thousands-fold' revenge on US over sanctions

    MANILA -- North Korea on Monday lashed out at the U.N. Security Council's tougher new sanctions, saying the resolution infringes on its sovereign right to engage in normal trade and other economic activities.Pyongyang vowed to exact "thousands-fold"

    August 7, 2017 08:10 pm JST
  • Minxin Pei

    Washington and Beijing on dangerous collision course over North Korea

    Now that U.S. President Donald Trump's strategy of pressuring China to rein in North Korea's nuclear and missile programs has failed, Washington's options are narrowing. The recent passage of a set of sanctions against Pyongyang by the United Nation

    August 7, 2017 08:10 pm JST
  • ASEAN, Japan, China, South Korea agree to bolster financial cooperation

    MANILA (Kyodo) -- Foreign ministers from the 10 Association of Southeast Asian Nations members plus Japan, China and South Korea agreed Monday they will bolster financial cooperation to promote economic stability in the region.This year marks the 20

    August 7, 2017 03:23 pm JST
  • South Korea prosecutors seek 12-year jail term for Samsung scion Jay Y. Lee

    SEOUL (Reuters) -- South Korean prosecutors on Monday sought a 12-year jail term for Samsung Electronics Vice Chairman Jay Y. Lee, over charges that include allegedly bribing the former president for government support to help Lee cement control of

    August 7, 2017 03:15 pm JST
  • Japan, US, South Korea meet over North Korea's weapons programs

    MANILA (Kyodo) -- The foreign ministers of Japan, the United States and South Korea began a meeting Monday in Manila at which they are expected to agree to apply "maximum pressure" on North Korea to abandon its nuclear and ballistic missile programs

    August 7, 2017 01:38 pm JST
  • North Korea rejects Seoul's 'insincere' talks offer

    MANILA -- The foreign ministers of the two Koreas met in the Philippine capital on Sunday evening amid rising tensions on the peninsula over the North's testing of long-range missiles, the South Korean government said Monday.South Korean Foreign Min

    August 7, 2017 12:33 pm JST
  • South Korea, US agree to apply pressure, sanctions on North - Blue House

    SEOUL (Reuters) -- South Korean President Moon Jae-in and his U.S. counterpart, Donald Trump, agreed to cooperate and apply maximum pressure and sanctions on North Korea in a telephone call on Monday, the South's presidential office said.During the

    August 7, 2017 11:54 am JST
  • China says hopes North and South Korea can make contact soon

    MANILA (Reuters) -- China's foreign minister on Monday said his country supported initiatives put forward by South Korea to handle tensions on the Korean peninsula and Beijing was ready to see contact made soon between the North and South on the iss

    August 7, 2017 11:51 am JST
  • North Korea foreign minister says South Korea approach lacks sincerity -Yonhap

    SEOUL (Reuters) -- North Korea's foreign minister Ri Yong-ho told his South Korean counterpart Kang Kyung-wha in a meeting on Sunday that Seoul's proposal to improve ties with the North "lacks sincerity", the South's Yonhap News Agency reported on M

    August 7, 2017 11:25 am JST
  • Chemicals sector grows fastest in July's Asia PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for July showed output growth in 15 of the 19 sectors monitored.Chemicals (54.7) marked the sharpest growth, followed by healthcare services (54.0) and beverages and food (53.8).On

    August 7, 2017 09:30 am JST
  • South Korean stocks ride 'Goldilocks' tide

    HONG KONG -- South Korean stocks are reaching record highs, as companies become less dependent on China and the U.S.The benchmark Korea Composite Stock Price Index in July rose for an eighth consecutive month, its longest winning streak since the 19

    August 5, 2017 09:25 am JST
  • Nicholas Spiro

    Asian tech stocks give new resilience to emerging markets

    In one of the most salient developments in emerging markets over the past several years, the information technology sector has emerged to represent the largest slice of the benchmark MSCI Emerging Markets Index.The sector, which accounted for just o

    August 4, 2017 05:21 pm JST
  • Toshiba's fab investment aimed at gaining edge in chip row

    TOKYO -- By investing alone in a jointly run chip fabrication facility without partner Western Digital, Toshiba hopes to force the American company to back down in a dispute over the Japanese conglomerate's planned sale of its memory unit.Toshiba sa

    August 4, 2017 05:26 am JST
  • ASEAN shows little sign of closing ranks on North Korea

    KUALA LUMPUR -- Troubled as they are by North Korea's missile development, members of the Association of Southeast Asian Nations have hesitated to take joint action to dial up the pressure further.ASEAN foreign ministers are expected to express "gra

    August 4, 2017 02:35 am JST