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  • 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
  • Taiwanese companies fuel gains in Nikkei Asia300 Index

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday, helped by a rally in Taiwanese companies and overnight gains on Wall Street.The Nikkei Asia300 Index rose 0.7% to 1,345.96.All the three major U.S. indexes climbed to records on Wedne

    October 12, 2017 08:44 pm JST
  • Tokyo, Singapore, Seoul among world's most 'magnetic' cities

    TOKYO -- Tokyo remains the world's third most appealing city and is approaching second-ranked New York, according to a report released Thursday. Asian cities placed strongly in the ranking by the Institute for Urban Strategies of the Mori Memorial F

    October 12, 2017 07:35 pm JST
  • South Korean chaebols struggle over hurdles

    SEOUL -- South Korea's family-run conglomerates are struggling to keep up with changes wrought by the new liberal government, as they try to improve corporate governance and deal with criminal charges against their owner family members.Lotte announc

    October 12, 2017 07:32 pm JST
  • Nouriel Roubini

    Three scenarios for the global economy

    For the last few years, the global economy has been oscillating between periods of acceleration (when growth is positive and strengthening) and periods of deceleration (when growth is positive but weakening). After over a year of acceleration, is th

    October 12, 2017 01:00 pm JST
  • A manufacturing uptick can't pierce South Korea's gloom

    HONG KONG Despite escalating threats from its northern neighbor, South Korea saw its manufacturing condition pick up on stronger domestic demand and output last month. But analysts remain cautious about the country's economic outlook as the ongoing

    October 12, 2017 10:00 am JST
  • Politics looms behind lapse of China-Korea currency swap deal

    BEIJING/SEOUL -- A currency swap agreement between China and South Korea had expired as of Wednesday despite both sides earlier expressing their willingness to renew it.The pact has been renewed twice since it took effect in April 2009. The just-exp

    October 12, 2017 04:59 am JST
  • US dials up show of force around Korean Peninsula

    SEOUL -- The U.S. is deploying more military hardware around the Korean Peninsula, including bombers and submarines, in a show of force intended to deter North Korea from further provocations.Two B-1 bombers based in the American territory of Guam p

    October 12, 2017 12:07 am JST
  • Nikkei Asia300 Index advances as Samsung extends gains

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, as heavyweight Samsung Electronics extended gains ahead of its preliminary third-quarter earnings.The Nikkei Asia300 Index rose 0.7% to 1,337.13.Asian equities also got a boost from

    October 11, 2017 08:28 pm JST
  • Korea Aerospace ex-chief indicted for fraud, embezzlement

    SEOUL - The former chief executive of Korea Aerospace Industries has been indicted for accounting fraud, bribery and embezzlement at the state-owned defense company, the prosecution said Wednesday.The Seoul Central District Prosecutors' Office alleg

    October 11, 2017 07:20 pm JST
  • Two US B-1 bombers conduct training mission in vicinity of Sea of Japan

    WASHINGTON (Reuters) -- Two U.S. B-1 bombers carried out a training exercise on Tuesday with Japanese and South Korean military aircraft in the vicinity of the Sea of Japan, the U.S. military said, amid growing tension over North Korea's missile and

    October 11, 2017 09:56 am JST
  • Nikkei Asia300 Index gains as Samsung, SK Telekom jump

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Tuesday, led by South Korean chipmakers on earnings optimism. Hong Kong developers rallied ahead of a policy address by the city's chief executive.The Nikkei Asia300 Index rose 0.7% to 1,32

    October 10, 2017 08:03 pm JST
  • OLED TV, appliances boost LG Electronics' earnings

    SEOUL -- Strong sales in organic light-emitting display televisions and home appliances boosted LG Electronics' earnings in the third quarter, offsetting poor smartphone sales, analysts said Tuesday.LG announced that its preliminary operating profit

    October 10, 2017 06:30 pm JST
  • Salim, Lotte launch e-commerce site in Indonesia

    JAKARTA -- A joint venture between two major Asian family businesses, Salim Group of Indonesia and South Korea's Lotte, officially launched its e-commerce platform on Tuesday.The new online website and app, called iLotte, will be operated by Indo Lo

    October 10, 2017 06:26 pm JST
  • South Korea's gloom prevails despite manufacturing upturn

    HONG KONG -- Despite escalating threats from its northern neighbor, South Korea saw its manufacturing condition pick up on stronger domestic demand and output last month. But analysts remain cautious about the country's economic outlook as the ongoi

    October 10, 2017 11:05 am JST
  • Japan's elder care schools struggle with new visa rules

    TOKYO -- The makeup of the classroom at Japan Welfare Education College in Tokyo has changed dramatically in just a couple of years.In over 30 years of operating, barely a single international student walked through the door. This year, nearly one i

    October 10, 2017 12:23 am JST
  • AirAsia X to increase flights to South Korea on strong demand

    KUALA LUMPUR (Nikkei Markets) - AirAsia X, the long-haul arm of Malaysia's budget carrier AirAsia, plans to increase flight frequencies to South Korea as it sharpens focus on North Asian markets to meet an anticipated robust demand, top company exec

    October 9, 2017 08:33 pm JST
  • Eswar Prasad and Karim Foda

    Economic breathing space is an opportunity to strengthen resilience

    The world economy has settled into a holding pattern, with a broad-based but plodding recovery underway characterized by weak productivity and investment growth. Both advanced and emerging market economies have maintained modest growth momentum, but

    October 8, 2017 07:00 pm JST
  • South Korea rolls out the robots

    SEOUL -- At Toy Kingdom in Goyang, a city outside of Seoul, a 58cm robot greets customers."I am processing your face now, the robot says. "What would you like?"A curious 8-year-old boy takes the bait, asking the robot to sit and dance. The robot doe

    October 7, 2017 08:30 pm JST