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  • SEOUL, South Korea— A South Korean court Friday suspended the prison term of the former Korean Air executive whose onboard "nut rage" tantrum delayed a flight last year, immediately ending her incarceration. Cho Hyun- ah, who is the daughter of the airline's chairman, did not violate aviation security law when she ordered the chief flight attendant off a Dec. 5 flight,...

  • SKorea court suspends nut rage executive's prison term Thursday, 21 May 2015 | 10:23 PM ET

    SEOUL, South Korea— A South Korean court Friday suspended the prison term of the former Korean Air executive whose onboard "nut rage" tantrum delayed a flight last year, immediately ending her incarceration. Cho Hyun- ah, who is the daughter of the airline's chairman, did not violate aviation security law when she ordered the chief flight attendant off a Dec. 5 flight,...

  • GENEVA, May 21- Japan launched a trade complaint at the World Trade Organization on Thursday to challenge South Korea's import bans and additional testing requirements for Japanese food after the 2011 Fukushima nuclear disaster, the WTO said. Japan says several measures taken by South Korea violate the WTO's sanitary and phyto-sanitary agreement and Seoul...

  • SEOUL, South Korea— South Korean court suspends prison term for "nut rage" former Korean Air executive.

  • Stock markets cautious ahead of release of Fed minutes Wednesday, 20 May 2015 | 2:26 AM ET

    SEOUL, South Korea— Asian stocks rose Wednesday, boosted by strength in the dollar, but European markets fell and Wall Street futures were flat ahead of the release of minutes from the Federal Reserve's last policy meeting. KEEPING SCORE: Britain's FTSE 100 fell 0.2 percent to 6,982.33 and Germany's DAX dropped 0.5 percent to 11,796.19. Futures augured a tepid...

  • SEOUL, South Korea— UN chief says N. Korea has withdrawn its decision to let him visit factory park in the country.

  • DIARY- Emerging Markets Economic Events to June 1 Tuesday, 19 May 2015 | 8:02 PM ET

    ANKARA- Central bank of Turkey to hold monthly monetary policy committee meeting. PRAGUE- International Monetary Fund holds a press conference at the end of its annual mission to the Czech Republic- 1315 GMT. BRASILIA- International Monetary Fund head Christine Lagarde visits Brazil to participate in a central bank seminar about inflation targeting.

  • SEOUL, South Korea— The United Nations is using virtual reality technology to help the public experience what it is like to live in a Syrian refugee camp, showing how the latest technology can be adapted for humanitarian efforts. "Clouds Over Sidra" is a short documentary film following a day in the life of a 12- year-old Syrian girl living in a refugee camp in...

  • He would also be the first head of the U.N. to visit North Korea since Boutros Boutros-Ghali traveled there in 1993.. There are also worries about North Korea after South Korea's spy agency said last week that North Korean leader Kim Jong Un had his defense chief executed with an anti-aircraft gun in late April. It symbolizes a good aim to tap the advantage of South...

  • SEOUL, South Korea— The founder of Alibaba Group defended its stance against counterfeit goods and expressed regret Tuesday that the owner of luxury brands Gucci and Yves Saint Laurent has sued the e-commerce giant. Speaking at a news conference during a visit to South Korea, Jack Ma said Alibaba cooperates with brand owners to fight counterfeiting and has a...

  • *Kering suit says Alibaba a conduit for counterfeiters. Executive Chairman Jack Ma was speaking after Gucci, Yves Saint Laurent and other brands owned by Kering sued Alibaba in the United States on Friday, accusing it of knowingly making it possible for counterfeiters to sell their products throughout the world. Apple Chief Executive Tim Cook was quoted by...

  • *Hyundai already has two plants in India, Kia has none. *Hyundai Motor is second-biggest automaker in India. After meeting Indian Prime Minister Narendra Modi in Seoul, the group's chairman, Chung Mong- koo, told reporters that a new plant in India was under review, according to a Hyundai spokesman.

  • Global stock markets rise on Europe stimulus hopes Tuesday, 19 May 2015 | 12:30 AM ET

    BEIJING— Global stock markets were boosted Tuesday by Greece's declaration of progress in bailout talks and a new high on Wall Street as investors looked ahead to U.S. and European inflation data. KEEPING SCORE: In early trading, Germany's DAX added 2 percent to 11,823.19 and France's CAC 40 jumped 2 percent to 5,113.86. Britain's FTSE 100 gained 0.5 percent to...

  • Lee Kyung- hoon's dramatic gesture- a show of resolve to heal internal dissent amid stalled wage talks- succeeded by one measure: 2011 was one of just four years in the last 28 when Hyundai's Korean factory workers didn't walk off the job. "If we don't get tough, the company will not listen to us," said a worker at Hyundai's huge factory complex in Ulsan who asked not to be...

  • Kerry singles out North Korea for Internet abuse Monday, 18 May 2015 | 4:26 AM ET

    Kerry told students Monday at prestigious Korea University that authoritarian Pyongyang, with the lowest rate of access to the Web in the world, was the opposite of ultra-wired, democratic Seoul. Washington accuses Pyongyang of being behind last year's massive hack of Sony Pictures over a film that centered on the assassination of North Korean leader Kim...

  • Kerry slams North Korea, vows security for South Monday, 18 May 2015 | 12:39 AM ET

    Secretary of State John Kerry on Monday accused North Korea of a litany of crimes and atrocities while reassuring South Korea of America's "ironclad" security commitments. He said North Korea's "horrific conduct" must be exposed and vowed to ratchet up pressure on Pyongyang to change its behavior, particularly since it has rebuffed repeated attempts to...

  • India's Modi arrives in Seoul for two-day visit   Sunday, 17 May 2015 | 11:24 PM ET
    India's Modi arrives in Seoul for two-day visit

    Narendra Modi is in South Korea for his first visit to the country as India's Prime Minister. SBS CNBC's June Yoon reports.

  • SEOUL, South Korea— "Smart Relief" is a mobile app for parental control of Android smartphones. South Korea's government funded the app, which alerts parents to possible bullying based on its monitoring of phrases and words used in smartphone messages and in online searches. Such apps are criticized in South Korea as an invasion of privacy but their use is...

  • SEOUL, South Korea— Lee Chang- june can be miles away from his 12- year-old son but still know when he plays a smartphone game. In South Korea, those apps have been downloaded at least 480,000 times. Last month, South Korea's Korea Communications Commission, which has sweeping powers covering the telecommunications industry, required telecoms companies and...

  • By Christine Kim and Choonsik Yoo. SEOUL, May 15- The Bank of Korea held interest rates steady at a record low for a second consecutive month on Friday, while upbeat remarks by Governor Lee Ju- yeol pared the chances of another rate cut soon- sending bond yields and the won higher. The Bank of Korea's monetary policy committee kept the base rate at 1.75 percent in a 6-1...