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  • South Korea manufacturing PMI shows sharpest expansion since April 2013

    TOKYO -- The Nikkei South Korea Manufacturing Purchasing Managers' Index, or PMI, rose to 51.2 in November from 50.2 in October.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The November reading

    December 1, 2017 09:30 am JST
  • South Korea's Hyosung eyes Japan market by way of Vietnam

    SEOUL -- South Korean chemical maker Hyosung is looking to finally establish a name for itself in Japan -- and eventually the rest of the world -- by using Vietnam as a back door.The company in December will break ground on a $1.2 billion complex ca

    December 1, 2017 05:50 am JST
  • Trump, South Korea's Moon discuss next steps on North Korea: White House

    WASHINGTON (Reuters) -- U.S. President Donald Trump spoke to South Korean President Moon Jae-In on Thursday for the second time since North Korea launched its latest missile to discuss their response, the White House said."The presidents reiterated

    December 1, 2017 04:53 am JST
  • SK Innovation to make electric vehicle batteries in Hungary

    SEOUL -- SK Innovation of South Korea announced Thursday that it plans to build a plant in Hungary to manufacture lithium-ion batteries for electric vehicles starting in 2020.The company will spend 840 billion won ($772 million) to build a factory w

    December 1, 2017 04:29 am JST
  • Asahi Kasei pours extra $268m into battery separator production

    TOKYO -- Chemical maker Asahi Kasei will more than double its planned investment to boost production of separators for lithium-ion batteries, devoting an additional 30 billion yen ($268 million) in response to demand for electric cars and the rise o

    December 1, 2017 03:20 am JST
  • Tech companies lead Nikkei Asia300 lower after Nasdaq slide

    MUMBAI (NewsRise) -- Asian stocks outside of Japan slumped Thursday, as regional technology companies fell, tracking an overnight selloff in their U.S. counterparts.The Nikkei Asia300 Index declined 1.5% to 1,381.03. South Korea's Samsung Electronic

    November 30, 2017 08:14 pm JST
  • BOK raises key rate to 1.5% in move away from easy policy

    SEOUL -- The Bank of Korea raised its key interest rate Thursday to 1.5% from 1.25%, the first increase since 2011, and an indication that it is beginning to move away from its easy monetary policy.Six of the central bank's seven-member policy board

    November 30, 2017 06:05 pm JST
  • Chip stocks keep dropping in Asia as demand sags

    HONG KONG -- Samsung Electronics and other semiconductor issues came under strong selling pressure in Thursday trading on Asian stock markets following falls in chip stock prices in the U.S. Investors are increasingly dumping chip-related shares in

    November 30, 2017 05:45 pm JST
  • Nikkei launching new index for Asian corporate investment on Dec. 11

    TOKYO -- Nikkei Inc. on Dec. 11 will begin publishing the Nikkei Asia300 Investable Index in an effort to make Asia's leading companies more accessible to investors.Retail investors will be able to buy in via investment trusts and other instruments

    November 30, 2017 04:30 pm JST
  • South Korea rate hike could spur action elsewhere in East Asia

    TOKYO -- With the Bank of Korea raising rates for the first time in more than six years, after the U.S. Federal Reserve tightened its policy, the pressure on central bankers elsewhere in East Asia to follow suit is intensifying.After nearly 10 years

    November 30, 2017 03:48 pm JST
  • Bubble trouble? Bitcoin tops $11,000, but fades after sharp rally

    LONDON/NEW YORK (Reuters) -- Bitcoin zoomed past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacul

    November 30, 2017 06:02 am JST
  • South Korea wary of US strike against North

    SEOUL -- In the wake of North Korea's latest ballistic missile launch Wednesday, President Moon Jae-in of South Korea told members of his national security council to maintain a tough line against the neighboring regime.But he added one caveat: Prev

    November 30, 2017 05:20 am JST
  • Latest missile launch tests 'maximum pressure' on North Korea

    TOKYO -- Japan, together with the U.S. and South Korea, will continue to exert "maximum pressure" on North Korea in the wake of Wednesday's launch of an intercontinental ballistic missile the rogue regime claims can strike any part of the continenta

    November 30, 2017 03:55 am JST
  • Samsung readies Vietnam R&D center for appliances

    HANOI -- Samsung Electronics has finished construction of a research and development center in Ho Chi Minh City that will focus on cutting-edge technologies for use in household appliances and electronics.The South Korean company spent $600 million

    November 30, 2017 02:00 am JST
  • Nikkei Asia300 Index falls as North Korea tests another missile

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Wednesday as investors digested news of North Korea's latest missile test.The Nikkei Asia300 Index declined less than 0.2% to 1,401.62North Korea tested an intercontinental ballistic missile ea

    November 29, 2017 08:18 pm JST
  • Japanese telecom KDDI enjoys growth in crisis-battered Mongolia

    TOKYO -- Mongolia's economic crisis of of the past two years has proved one thing: smartphones sell even during a downturn.The East Asian country has few industries other than farming and mining, but it already has mobile phone subscribers in excess

    November 29, 2017 01:00 pm JST
  • North Korea says successfully launches new ICBM that can reach all of US

    SEOUL (Reuters) -- North Korea successfully launched a new type of intercontinental ballistic missile, the "Hwasong-15" that can reach all of the United States, the isolated country's state media said on Wednesday.The missile is the North's most pow

    November 29, 2017 12:52 pm JST
  • Seoul's financial market shrugs off North Korean missile launch

    SEOUL - South Korea's financial market on Wednesday showed relatively little effects of North Korea's early morning missile launch, displaying resilience to repeated provocations by its troubling neighbor.Seoul's benchmark KOSPI stock index slipped

    November 29, 2017 12:47 pm JST
  • North Korea fires ballistic missile, likely to land in Japan EEZ

    SEOUL (Kyodo) -- North Korea fired a suspected intercontinental ballistic missile from an area near Pyongyang early Wednesday, South Korea's military said, while the Japanese government said it is likely to have landed in the country's exclusive eco

    November 29, 2017 06:07 am JST
  • North Korea could declare nuclear program complete next year: South

    SEOUL -- North Korea could declare the completion of its nuclear weapons program next year, South Korea's Unification Minister Cho Myoung-gyon told reporters Tuesday."We cannot rule out the possibility," Cho said, adding that the North has been deve

    November 29, 2017 04:57 am JST