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  • Asia equity rally continues after Fed rate pledge Friday, 19 Dec 2014 | 12:07 AM ET

    But shares of Sony Corp. dropped as a hacking scandal rocked its American movies unit. KEEPING SCORE: Japan's Nikkei 225 jumped 2.4 percent to 17,621.40 and South Korea's Kospi added 1.7 percent 1,929.98. Stocks in Southeast Asia, Taiwan, India and New Zealand also rose.

  • A look at North Korea's cyberwar capabilities Thursday, 18 Dec 2014 | 5:00 AM ET

    But the country Washington suspects is behind a devastating hack on Sony Pictures Entertainment has managed to orchestrate a string of crippling cyber infiltrations of South Korean computer systems in recent years, officials in Seoul believe, despite North Korea protesting innocence. Despite widespread poverty, malnutrition and decades of crippling...

  • SEOUL, Dec 18- Iconic Swedish furniture retailer IKEA built its biggest store in the world to serve South Korea's shrinking households, targeting millions of people living alone with Korea- only items like super-sized single beds and in-store kimchi rice. The store opened on Thursday in Gwangmyeong, less than an hour's drive or 14 minutes by train from central...

  • Sony executives told theatres the studio would not pull the comedy. "I explained that we wanted to act in a responsible fashion and that the film was designed to entertain and not to make a political statement," Lynton said, in an email dated June 26th this year to Sony General Counsel Nicole Seligman. Sony Pictures parent Sony Corp declined to comment on Lynton's...

  • Several hurt after American jet meets turbulence Tuesday, 16 Dec 2014 | 4:24 PM ET

    FORT WORTH, Texas— An American Airlines jet encountered severe air turbulence shortly after taking off from Seoul, South Korea, prompting an unscheduled landing at Narita International Airport in Tokyo after 14 people asked for medical attention. A statement issued by the Fort Worth, Texas- based carrier says American Flight 280 was headed for Dallas-Fort...

  • Korean Air to be sanctioned for nut rage cover-up Tuesday, 16 Dec 2014 | 12:57 AM ET

    Cho, who was head of cabin service at Korean Air, ordered a senior flight attendant off a Dec. 5 flight after she was served macadamia nuts in a bag, instead of on a plate, in what she thought was a breach of service protocol in first class. Transport ministry director Lee Gwang- hee said Korean Air could face 21 days of flight suspensions or a $1.3 million fine for...

  • Korean Air to be sanctioned for nut rage cover-up Monday, 15 Dec 2014 | 9:42 PM ET

    SEOUL, South Korea— South Korea's transport ministry said Korean Air Lines Co. will face sanctions for pressuring employees to lie during a government probe into the nut rage fiasco that highlighted the tyrannical behavior of a top Korean business family. Cho, who was head of cabin service at Korean Air, ordered a senior flight attendant off a Dec. 5 flight after...

  • Sales of macadamias soar in Korea after nut rage Monday, 15 Dec 2014 | 12:03 AM ET

    The flavorful macadamia nut was unfamiliar to many South Koreans until Cho Hyun- ah, the daughter of Korean Air's chairman, ordered a flight attendant off a Dec. 5 flight from New York City after she was served them in a bag, instead of on a plate. Auction, a South Korean unit of eBay and South Korea's second-largest e-commerce website, said Monday that sales of...

  • Asia stocks drop on US slide, Sydney siege jitters Sunday, 14 Dec 2014 | 10:19 PM ET

    Weak data from Japan and a hostage situation in Australia's largest city added to the cautious sentiment. Australia's S&P/ASX 200 dropped 0.9 percent to 5,170.50 as a hostage situation that may be politically motivated unfolded in a cafe in central Sydney. JAPAN ELECTIONS: Japan's ruling coalition won a convincing victory in lower house elections Sunday,...

  • SEOUL, Dec 13- The head of cabin crew who was kicked off a Korean Air Lines flight after a company executive raged over the way she was served macadamia nuts said he was insulted and forced to kneel down to apologise to the executive. The pilot brought the plane back to its gate at New York's John F. Kennedy International Airport for the cabin crew chief to be expelled.

  • Crew in Korean Air nut rage says he was insulted Saturday, 13 Dec 2014 | 1:07 AM ET

    The "nut rage" drama has captivated South Korea with tales of outrageous behavior followed by public apologies from the executive and her father, the airline's chairman. Cho Hyun- ah, who has since resigned as head of cabin service at Korean Air, was angered when a flight attendant in first class offered her macadamia nuts in a bag, not on a plate.

  • SEOUL, Dec 13- The head of cabin crew who was kicked off a Korean Air Lines flight after a company executive raged over the way she was served macadamia nuts said he was insulted and forced to kneel down to apologise to the executive. The pilot brought the plane back to its gate at New York's John F. Kennedy International Airport for the cabin crew chief to be expelled.

  • SEOUL, Dec 13- The head of cabin crew who was kicked off a Korean Air Lines flight after a company executive raged over the way she was served macadamia nuts said he was insulted and forced to kneel down to apologise to the executive. In a case that sparked public outrage and ridicule over her treatment of flight crew, Heather Cho, the daughter of the airline's...

  • Korean Air chairman, daughter sorry for nut rage Friday, 12 Dec 2014 | 12:28 AM ET

    SEOUL, South Korea— The Korean Air Lines Co. executive who delayed a flight in an incident dubbed "nut rage" bowed deep in apology before facing questioning by transport officials. Cho Hyun- ah, who was head of cabin service at Korean Air, was angered when a flight attendant in first class offered her macadamia nuts in a bag, not on a plate. She ordered a senior crew member...

  • What Gangnam people say about startup boom Thursday, 11 Dec 2014 | 2:18 AM ET

    SEOUL, South Korea— The uber-trendy neighborhood in Seoul that served as the backdrop for PSY's "Gangnam Style" hit is famous for sky high real estate prices, plastic surgery clinics and Ivy League prep schools. In the 40 square kilometers of land south of Han river, Gangnam entrepreneurs are looking to challenge global services like YouTube or Google.

  • Gangnam becomes hot spot for Korean startups Thursday, 11 Dec 2014 | 2:17 AM ET

    SEOUL, South Korea— The uber-trendy Seoul neighborhood made famous by the "Gangnam Style" K-pop hit is known for status-conscious people, plastic surgery clinics and Ivy League prep schools. As one of the most wired places on earth, Seoul has been a crucible for several startup scenes. The government is even aiming to make a town south of Seoul a Korean Silicon...

  • Nut rage spat latest stumble for Korean Air family Wednesday, 10 Dec 2014 | 5:03 AM ET

    SEOUL, South Korea— When South Koreans heard that a Korean Air Lines executive delayed a flight because she was angry at being served macadamia nuts in a bag there was outrage but no surprise. In the headline hogging incident now dubbed "nut rage," Cho Hyun- ah, the airline's head of cabin service and daughter of its chairman, ordered a senior crew member off the plane,...

  • Korean Air Lines exec resigns over nut dispute Tuesday, 9 Dec 2014 | 5:37 AM ET

    SEOUL, South Korea— A top executive of Korean Air Lines resigned Tuesday amid mounting public criticism that she delayed a plane over how she was served macadamia nuts. Company officials said that Chairman Cho Yang- ho has accepted the resignation of Cho Hyun- ah, his eldest daughter, as executive vice president of cabin service. The junior Cho was under public fire...

  • Nuts! Korean flight delayed by first-class spat Tuesday, 9 Dec 2014 | 2:02 AM ET

    A recent Korean Air flight was delayed when its chairman's daughter, who was also vice president responsible for cabin service at the airline, ordered a senior crew member off the plane. The executive, Cho Hyun- ah, resigned Tuesday amid a storm of public criticism in South Korea. South Korean media reported this week that the flight from New York to Incheon, South...

  • Nuts! Korean flight delayed by first class spat Monday, 8 Dec 2014 | 10:28 PM ET

    SEOUL, South Korea— Korean Air Lines apologized Tuesday for inconveniencing passengers after the daughter of its chairman ordered a crew member off a flight for serving bagged nuts in first class cabin. South Korean daily Segye Ilbo reported earlier Monday that the flight from New York City to Incheon, South Korea returned to the gate after Cho Hyun- ah told the...