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  • 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
  • Samsung turns to LG as supplier of LCD panels

    SEOUL -- Samsung Electronics will procure liquid crystal display panels from LG Group, the first full-fledged partnership between the two longtime South Korean rivals.LG Display will soon begin supplying panels 40 inches and larger to Samsung, a sou

    July 21, 2017 03:45 am JST
  • Posco profit surges 44% on recovering steel demand

    SEOUL -- Posco's operating profit soared 44% to 979.1 billion won ($869 million) in the April-June quarter, the major South Korean steelmaker said Thursday.Recovering steel demand in advanced economies and a reduction in output by Chinese steel prod

    July 21, 2017 03:27 am JST
  • Co-working pioneer WeWork confident of rapid Japan growth

    TOKYO -- WeWork, a New York-based provider of shared office space services, has never met a cultural barrier it hasn't overcome, said co-founder Miguel McKelvey. He said Japan will be no exception and expressed confidence that his company will grow

    July 20, 2017 09:30 pm JST
  • CEO of top South Korean military supplier resigns over corruption scandal

    SEOUL -- The chief executive of Korea Aerospace Industries, Ha Sung-yong, resigned Thursday amid a corruption scandal in which the state-owned military company is alleged to have manipulated costs for the development of military aircraft by tens of

    July 20, 2017 06:58 pm JST
  • John Merrill

    US flexibility could ease tensions with North Korea

    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 could give it a chance rather than dismi

    July 20, 2017 09:00 am JST
  • Asahi exports Super Dry 'freshness management' to South Korea

    TOKYO -- Asahi Breweries will introduce freshness-ensuring techniques in South Korea for its Super Dry brand, looking to add to its already market-leading share of the country's imported beer market. The Japanese beer maker does not have a brewery i

    July 20, 2017 06:53 am JST
  • South Korea plans remembrance day for 'comfort women'

    SEOUL -- South Korea will launch a series of tributes to wartime military "comfort women" starting next year, aiming to appease a public demanding more be done to resolve the issue without renegotiating an ostensibly "final" settlement with Japan.Se

    July 20, 2017 06:01 am JST
  • South Korea's SK Telecom to test self-driving tech on road

    SEOUL -- SK Telecom will test autonomous vehicles on public roadways in its effort to develop vehicle communications technology based on the next-generation mobile phone standard.South Korea's largest wireless carrier said Wednesday it has secured g

    July 20, 2017 04:22 am JST