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  • North snubs South as Pyongyang remains fixated on Washington

    SEOUL Repeated attempts by South Korean President Moon Jae-in to resume dialogue with North Korea have been met with silence as Pyongyang continues to show little interest in negotiating with anybody but the U.S.On July 17, the South Korean defense

    July 27, 2017 10:00 am JST
  • The honeymoon is over for the US and China

    WASHINGTON Despite recent shows of cooperation, Washington and Beijing seem once again to be drifting apart after failing to achieve much of substance on either trade or North Korea at a recent bilateral meeting.At the beginning of the meeting, held

    July 27, 2017 10:00 am JST
  • John Merrill: End war games in South Korea to resolve nuclear impasse

    The Chinese and Russian proposal for a freeze on large-scale U.S.-South Korean military exercises in return for a freeze on further North Korean nuclear and missile tests just might work -- if only Washington would give it a chance, rather than dism

    July 27, 2017 10:00 am JST
  • Pain continues for South Korean companies over THAAD

    SEOUL/DALIAN, China -- Five months after Beijing and Seoul began openly clashing over the deployment of a U.S. missile shield in South Korea, the South's companies continue to suffer a significant dent to their business in China from retaliatory mea

    July 27, 2017 09:18 am JST
  • North Korea missile test imminent say Washington, Seoul

    SEOUL -- The U.S. and South Korea are watching Pyongyang closely amid signs that North Korea may launch another ballistic missile as early as Thursday local time.A July 27 launch would coincide with the 64th anniversary of the armistice that ended t

    July 27, 2017 03:49 am JST
  • Celltrion's April-June profit soars 79% to record

    SEOUL -- Celltrion's operating profit for the second quarter of 2017 surged 79% on the year, the South Korean company reported Wednesday, aided by brisk worldwide sales of its mainstay rheumatoid arthritis treatment, Remsima.The April-June profit of

    July 26, 2017 11:27 pm JST
  • Hyundai Motor's net profit halves in Q2 on poor China sales, sluggish US demand

    SEOUL -- Hyundai Motor's net profit in the second quarter halved from a year ago, due to a sharp drop in sales in China as well as sluggish demand in the U.S., the company said Wednesday.Hyundai's net profit dropped 48.2% to 914 billion won in the A

    July 26, 2017 06:54 pm JST
  • Hyundai Motor Q2 net profit halves as China sales sag

    SEOUL (Reuters) -- Hyundai Motor's bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States.The South K

    July 26, 2017 02:31 pm JST
  • LG to build China's first large-panel OLED plant

    SEOUL -- South Korea's LG Display announced Tuesday it will build what is to be China's first production plant for large OLED panels, which are coming into greater use in televisions and digital signage.OLED panels are attracting attention because t

    July 26, 2017 04:08 am JST
  • South Korean department stores hit hard by declining Chinese tourists

    SEOUL -- South Korea's department stores are suffering from a sharp drop in Chinese tourists who are reluctant to visit their neighboring country due to political tensions between Seoul and Beijing, government and industry data showed Tuesday.Hyunda

    July 25, 2017 10:12 pm JST
  • SK Hynix shares turn weak after Monday's all-time high

    HONG KONG -- Shares of SK Hynix slid on Tuesday as investors locked in profits. At one point, the share price was down 2.19% from Monday's close, at 71,400 won.Before the market opened, the South Korean chipmaker announced robust April-June results.

    July 25, 2017 02:24 pm JST
  • South Korea sees 2017 growth at fastest in 3 years, pushes consumption and jobs

    SEJONG (Reuters) -- South Korea raised its growth outlook for this year on Tuesday and vowed to maintain an expansionary fiscal policy that would support job creation.The government projected economic expansion of 3 percent in 2017, the fastest sinc

    July 25, 2017 11:37 am JST
  • Qualcomm accuses tech group of 'misdirecting' trade regulators

    Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators.Earlier this month, Qualcomm filed a complaint with the U.S. International Trade Commission

    July 25, 2017 09:36 am JST
  • Comfort women deal breaking apart at the seams

    SEOUL -- The new South Korean government continues playing to popular ire over a 2015 agreement with Japan on the issue of wartime "comfort women," shaking the foundations of an accord designed to put the long-standing hindrance to smoother bilatera

    July 25, 2017 09:02 am JST
  • Losing steam: Hyundai Motor Group stock slips from No. 2

    SEOUL -- Hyundai Motor Group has lost its long-standing status as the second-largest company by market value in South Korea, hit by falling sales at its units Hyundai Motor and Kia Motors in China and the U.S., market data showed Monday.The group's

    July 24, 2017 08:17 pm JST
  • Company in focus

    Hyundai Motor confronts twin crises in China, US

    SEOUL/SHANGHAI -- "We'll give you an additional discount of 7,000 yuan ($1,035) on top of the 20,000 yuan," salesman Zhao Wenxi told a potential customer in mid-July at a Shanghai dealership of South Korea's Hyundai Motor.The popular Tucson SUV mode

    July 23, 2017 12:00 pm JST
  • Another Park Geun-hye focuses on her work as city council member

    GIMCHEON, South Korea -- Park Geun-hye, South Korea's first female president, was impeached last year and eventually arrested after becoming embroiled in a scandal. The country has another female politician with the same name -- Park Geun-hye, 44, a

    July 22, 2017 12:00 pm JST
  • North Korea snubs the South's calls for dialogue

    SEOUL -- Despite repeated attempts by South Korean President Moon Jae-in to resume a dialogue with North Korea, Pyongyang continues to show little interest in negotiating with anybody but the U.S.On Monday, the South Korean defense ministry proposed

    July 22, 2017 05:52 am JST
  • LG Chem shares reach fresh high on iPhone 9 report

    SEOUL -- Shares of LG Chem inched up on Friday thanks to a report that the South Korean company would be the sole supplier of batteries for Apple's iPhone 9 next year.LG Chem's stock rose 0.92% to 329,000 won, hitting a one-year high. The benchmark

    July 21, 2017 09:32 pm JST
  • Posco shares briefly hit 34-month high on improved Q2 results

    HONG KONG -- Shares of Posco attracted investors on Friday morning. As soon as the market opened, the shares briefly soared to 331,000 won, up 1.2% from Thursday, renewing the year-to-date high. It was the highest since Sept. 29, 2014.After trading

    July 21, 2017 12:22 pm JST