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  • 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
  • Samsung heir, at bribery trial, says he refused chairmanship

    SEOUL -- Lee Jae-yong, vice chairman of Samsung Electronics and the group's de facto leader, testified at his bribery trial that he declined invitations to replace his ailing father as chairman of the South Korean company.Lee's father and current Ch

    August 4, 2017 02:08 am JST
  • Nikkei Asia300 index falls as South Korean stocks drop on tax proposals

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan declined Thursday, led by South Korean shares following a proposed increase in taxes on large corporations.The Nikkei Asia 300 index lost 0.6% at 1,292.47.Nikkei's index for South Korea fel

    August 3, 2017 09:01 pm JST
  • Huawei maintains top rank in China smartphone shipments

    GUANGZHOU -- China's Huawei Technologies topped the smartphone shipment ranking in the country for the second straight quarter in the April-June period, while Apple fell a notch to fifth, according to U.S. research company International Data Corp.ID

    August 3, 2017 08:04 pm JST
  • South Korean stocks dented by planned tax hike

    HONG KONG -- Major South Korean companies, including Samsung Electronics, saw their share prices slide on Thursday, the day after the government unveiled a plan to raise taxes for big corporations and wealthy individuals.The government intends to hi

    August 3, 2017 02:03 pm JST
  • A limping Japan Display scrambles to join the OLED party

    TOKYO If one company symbolizes the decline of Japan's once-dominant display industry, it is Japan Display. The manufacturer's continued allegiance to LCDs at a time when OLED technology -- and the South Korean companies that have embraced it -- are

    August 3, 2017 10:00 am JST
  • LG Display sees opportunities in smartphone OLEDs

    SEOUL Apple's plan to equip the next generation of its iPhones with organic light-emitting diode panels presents a potential bonanza for Samsung Display, which controls more than 90% of the global market for OLED mobile phone panels. The unit of Sou

    August 3, 2017 10:00 am JST
  • Japan, US seek partners at ASEAN forum to lean on North Korea

    MANILA -- With North Korea slated to take part in the ASEAN Regional Forum next week, Japan and the U.S. will look to coordinate with other participants to put pressure on the rogue state to halt its missile provocations.The Philippines, this year's

    August 3, 2017 07:12 am JST
  • Japan seeks talks with China, others on North Korea

    TOKYO -- The Japanese government is arranging meetings with the top diplomats of the U.S., China and South Korea to reinforce cooperation on sanctions against North Korea.The discussions will take place on the sidelines of the series of ASEAN foreig

    August 3, 2017 04:48 am JST
  • South Korea exports first submarine

    SEOUL -- Daewoo Shipbuilding & Marine Engineering delivered a submarine to Indonesia's defense ministry, the company said Wednesday, the first sub export by a South Korean business.The handover of the 1,400-ton diesel vessel marked a success in comm

    August 3, 2017 04:20 am JST
  • Asian suppliers see shares jump on strong Apple results

    TOKYO/HONG KONG -- Shares of Asian suppliers for Apple soared Wednesday as the U.S. company announced a better-than-expected performance in the April-June quarter.Backed by steady iPhone sales, Apple's net profit for the quarter rose 12% on the year

    August 2, 2017 05:32 pm JST
  • South Korea proposes tax hikes for big corporations, wealthy

    SEOUL -- South Korea announced on Wednesday plans to increase the tax rates for top corporations and the wealthy starting next year. The government claims the additional tax revenues, estimated at 5.5 trillion won ($4.9 billion) annually, will be us

    August 2, 2017 03:00 pm JST
  • Situation urgent for US, allies after North Korean ICBM test

    TOKYO -- North Korea's latest launch of an intercontinental ballistic missile has forced the U.S. and its allies into crisis mode.After several months chasing a diplomatic solution to the threat posed by North Korea's arms programs, the administrati

    August 2, 2017 12:30 am JST
  • Nikkei Asia300 index advances as energy producers, insurers gain

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose Tuesday, as gains in crude oil prices prompted an advance in energy stocks and as earnings optimism boosted Chinese insurers. The Nikkei Asia300 Index advanced 0.4% to 1,297.71. H-shar

    August 1, 2017 08:21 pm JST
  • Asia's smartphone suppliers see bright light with new iPhone

    TOKYO -- Asia's electronic parts suppliers see a brighter future ahead, thanks to rising global demand for smartphones, including Apple's new premium iPhone.Nitto Denko, a Japanese electronic parts maker and supplier to Apple, on Monday raised its e

    August 1, 2017 12:09 pm JST