GO
Loading...

South Korea

More

  • South Korea renews license of 2nd-oldest nuclear plant Thursday, 26 Feb 2015 | 8:04 PM ET

    SEOUL, South Korea— South Korea has renewed a license of its second-oldest nuclear power plant until 2022.. The Nuclear Safety and Security Commission said Friday that seven of nine commissioners voted to approve to restart the Wolsong No. 1 reactor located in Gyeongju city, 275 kilometers south of Seoul. It was South Korea's first such decision since the...

  • US stock indexes drift mostly lower as oil prices sink Thursday, 26 Feb 2015 | 9:41 AM ET

    Chevron and Exxon Mobil were among the biggest decliners in the Dow Jones industrial average, which eased back from its latest all-time high. Benchmark U.S. crude oil fell $2.82 to close at $48.17 a barrel on the New York Mercantile Exchange. Among individual Dow members, Chevron lost $1.52, or 1.4 percent, to $107.06 while Exxon Mobil slid 95 cents, or 1.1 percent, to...

  • MELBOURNE, Feb 26- South Korea's state commodity buyer has paid a lower premium for aluminum in its latest tender, signaling a turning point for costs to obtain the metal in Asia as regional supply climbs. It comes just as quarterly talks between producers and consumers kick off in Japan, which typically set the benchmark for the region. South Korea's public...

  • Global stocks higher on Chinese, German data Thursday, 26 Feb 2015 | 3:19 AM ET

    SEOUL, South Korea— Global stocks were mostly higher Thursday on upbeat corporate earnings and rising Chinese factory output after the chairwoman of the U.S. KEEPING SCORE: Britain's FTSE 100 was nearly flat at 6,937.52 while Germany's DAX inched up 0.1 percent to 11,221.95. ASIA'S DAY: Japan's Nikkei 225 rose 1.1 percent to 18,785.79 while Hong Kong's Hang...

  • HONG KONG, Feb 26- China is set to launch a link between gold markets in Shanghai and Hong Kong this year following a landmark stock connect scheme, aiming to enhance its pricing power of gold contracts and ultimately challenge its competitors in the West. While China is the world's largest consumer of the precious metal, having surpassed India, daily trading of...

  • U.S. lawmakers battle over currency in trade deals Wednesday, 25 Feb 2015 | 7:04 PM ET

    A bipartisan bill introduced this month and proposals from other lawmakers seek to stop trading partners such as China and Japan from manipulating exchange rates to make their goods cheaper for overseas buyers. It encompasses 12 Pacific Rim trading partners including Japan, whose stimulus program has helped lop off a third of the yen's value since late...

  • Uber makes uberX ride-sharing service free in Seoul Wednesday, 25 Feb 2015 | 5:09 AM ET

    SEOUL, Feb 25- U.S. taxi service provider Uber Technologies Inc on Wednesday said it will make its low-cost uberX ride-sharing service available free of charge in Seoul, in its second bid this month to operate legally in South Korea. In January, the city of Seoul declared Uber's services illegal and started offering rewards of up to 1 million won for people who...

  • VANCOUVER/ MELBOURNE, Feb 19- Miners who can't get financing for new projects from banks or traditional equity investors because metals prices have collapsed are turning to an alternative source: the engineering and construction companies, many from China and South Korea, who actually build their mines. China's NFC and South Korea's POSCO Engineering&...

  • METALS-London copper prices drift on Lunar New Year lull Wednesday, 18 Feb 2015 | 8:43 PM ET

    MELBOURNE, Feb 19- London copper edged lower on Thursday, paring gains from a short-covering burst the session before, with trade subdued as many Asian nations celebrate Lunar New Year. Copper is expected to remain stuck in the $5,300- 5,800 range in place for the past month until Chinese buying activity ramps up in mid-March. *Other markets taking some holiday...

  • DIARY-Emerging Markets Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:02 PM ET

    ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. SINGAPORE- Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 Budget statement in the Parliament- 0500 GMT. JERUSALEM- Bank of Israel announces...

  • South Korea needs more easing, urgently Tuesday, 17 Feb 2015 | 5:51 PM ET

    The Bank of Korea left policy unchanged again this month, prompting criticism from experts who say the economy desperately needs monetary stimulus.

  • SEOUL, Feb 17- Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant's investor relations chief said, even as more shareholders clamor for bigger dividends. While the South Korean company's profit declined in 2014 for the first time in three years as its lead in smartphones was challenged by Apple...

  • Markets brush aside concerns over Greece debt standoff Tuesday, 17 Feb 2015 | 12:29 AM ET

    BEIJING— Asian stocks were mostly higher Tuesday but European markets fell after Greek debt talks broke down, raising the prospect Athens might leave the euro currency. Britain's FTSE 100 shed 0.4 percent to 6,832.75. After five years of punishing austerity, Greece is seeking more generous terms for paying off its huge debt.

  • SEOUL, Feb 17- Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant's investor relations chief said, even as more shareholders clamour for bigger dividends. While the South Korean company's profit declined in 2014 for the first time in three years as its lead in smartphones was challenged by Apple...

  • BEIJING— Asian stocks rose Monday after Japan emerged from recession while European markets fluctuated ahead of a meeting between Greece and its main European creditors. Britain's FTSE 100 inched down less than 0.1 percent to 6,871.08. JAPAN REBOUND: Japan emerged from recession last quarter, though growth fell short of many forecasters' expectations.

  • Asia stocks gain as Japan emerges from recession Sunday, 15 Feb 2015 | 10:11 PM ET

    BEIJING— Asian stock markets mostly rose Monday after Japan emerged from recession last quarter and as investors looked ahead to a meeting between Greece and its main European creditors. KEEPING SCORE: Tokyo's Nikkei 225 jumped 0.7 percent to 18,039.84 and Hong Kong's Hang Seng rose 0.3 percent to 24.758. 30. JAPAN REBOUND: Japan emerged from recession last...

  • Korean Air heiress appeals nut rage ruling Friday, 13 Feb 2015 | 5:22 AM ET

    Yoon& Yang LLC, a Seoul law firm representing Cho Hyun- ah, said Friday that she has filed a notice of appeal to a Seoul court. It comes a day after Cho, the daughter of Korean Air's chairman, was found guilty of violating aviation safety law and other charges. A Seoul district court on Thursday said Cho's actions, such as forcing flight attendants to kneel before her and...

  • The airline said in a statement that Flight 472 bound for Incheon, South Korea returned to Myanmar's biggest city Yangon not long after midnight. Korean Air said one of the plane's winglets hit the tail of a parked Bangkok Airways aircraft but pilots did not notice the incident because of the darkness. Korean Air said passengers boarded another flight early...

  • SEOUL, Feb 12- The Seoul city government said on Thursday that it planned to launch a premium taxi service in August to rival online ride-service provider Uber, adding to the challenges to the U.S. company's expansion plans in Asia's fourth-biggest economy. Uber, a tech-industry darling worth at least $41 billion, is battling bans in South Korea, India, France and...

  • NEW YORK, Feb 11- Oil prices fell as much as 3 percent on Wednesday after U.S. stockpiles hit record highs, and analysts and traders said the market could shed more of the rebound seen over the past two weeks due to expectations of lower output. "It proves that the price retracement we had on the capital expenditure cuts and falling rig counts may have been premature,"...