South Korea


  • Asian stocks gain after China rate cut Sunday, 23 Nov 2014 | 11:00 PM ET

    BEIJING— Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and OPEC meeting to discuss oil production levels. KEEPING SCORE: China's Shanghai Composite Index jumped 1.7 percent to 2,529.83 points and Hong Kong's Hang Seng surged 1.8 percent to 23,862.69.

  • Korea holds winning hand as Japan gambling bill dies Sunday, 23 Nov 2014 | 6:14 PM ET
    Hanging above the "Center Bar," a Pepsi-branded LED display with 2.1 million pixels.

    South Korea looks like the consolation prize as Japan's $15 billion casino dream fades.

  • TOKYO/ SEOUL, Nov 24- South Korea looks like the consolation prize as Japan's $15 billion casino dream fades, a setback for companies such as Las Vegas Sands Corp that envisioned a new gaming hub rivalling Las Vegas in 2020.. Japan is seen as the biggest unclaimed prize, a market that research firm Union Gaming estimated would generate $15 billion in annual...

  • SEOUL, Nov 21- Investors are challenging the unilateral decisions made by South Korea's biggest family-run firms, putting pressure on the chaebols that form the backbone of Asia's fourth-largest economy to take their interests into consideration. This week, investor backlash led Samsung Heavy Industries and Samsung Engineering, affiliates of Samsung...

  • Ferry firm head gets 10 years in jail over sinking Thursday, 20 Nov 2014 | 12:51 AM ET

    SEOUL, South Korea— A South Korean court sentenced the head of a ferry operator to 10 years in prison Thursday over an April ship sinking that killed more than 300 people, mostly teenage students. Kim Han- sik, president of Chonghaejin Marine Co. Ltd, also received a 2 million won fine for failing to stop the improper storage and overloaded cargo on the ship that...

  • Did China just grant one-of-a-kind trade status? Wednesday, 19 Nov 2014 | 3:12 PM ET
    China's President Xi Jinping (R) shakes hands with South Korea's President Park Geun-hye during a meeting in Beijing, November 10, 2014.

    A new free trade agreement may give companies from South Korea a serious leg up—in China.

  • SEOUL, Nov 19- Global coffee demand is likely to climb 2.5 percent a year until the end of the decade, driven by strong growth in appetite in markets such as China and Russia, the head of a global industry body said on Wednesday. The International Coffee Organization's executive director told Reuters in an interview that demand would hit 175 million 60- kg bags in...

  • Hurt by low-cost rivals, Samsung rethinks strategy Tuesday, 18 Nov 2014 | 10:27 AM ET
    A woman uses a Samsung Electronics Co. Galaxy S4 smartphone in Seoul, South Korea.

    Samsung will cut the number of its smartphone models next year in an effort to pare back costs, amid increasing competition. FT reports.

  • G20's new growth plans suspiciously long in the tooth Tuesday, 18 Nov 2014 | 12:21 AM ET

    SYDNEY, Nov 18- As leaders of the world's 20 most powerful nations congratulate themselves on plans to boost economic growth, a closer look at their 800- plus policy proposals reveals a catalogue of measures that are either old, vague or unlikely to be implemented. Australia, the hosts of the Group of 20 meeting, claimed credit for a year-long effort to get members...

  • The kids bringing down North Korea's regime Saturday, 15 Nov 2014 | 3:40 PM ET
    Passengers board the train at an underground railway station located in Pyongyang, North Korea.

    Young North Koreans are coming of age amid a proliferation of black markets. This market generation just might solve the North Korea problem.

  • *Samsung Group heirs' holdings worth 5.6 trln won. SEOUL, Nov 14- Shares in Samsung SDS Co Ltd, the IT services arm of the Samsung Group, doubled on debut on Friday, unlocking $5 billion for the conglomerate's three heirs as they plan a generational succession at South Korea's dominant conglomerate. SDS is 19.05 percent owned by the three children of Samsung...

  • Samsung SDS makes trading debut in Seoul     Thursday, 13 Nov 2014 | 7:25 PM ET

    Samsung SDS, the technology services unit of South Korea¿s largest conglomerate, surged on its trading debut on the Kospi index. CNBC's June Yoon reports.

  • South Korea falls silent for entrance exam     Wednesday, 12 Nov 2014 | 7:54 PM ET

    South Korea went into 'hush' mode on Thursday as students sat for the annual college admission exam. CNBC's June Yoon explains.

  • Why family firms matter to emerging economies Wednesday, 12 Nov 2014 | 8:11 AM ET

    Family-run firms constitute up to 90 percent of the world’s economy and it’s in developing and emerging countries where they are most important.

  • *Nvidia sued Samsung, Qualcomm for patent infringement in Sept. SAN FRANCISCO, Nov 11- Samsung Electronics Co Ltd has accused Nvidia Corp of infringing several of its chip-related patents and for making false claims about its products, counter-suing after Nvidia filed a suit against the Korean company in September. Samsung's lawsuit came after Nvidia accused...

  • China, South Korea agree to free trade deal     Monday, 10 Nov 2014 | 7:54 PM ET

    China and South Korea have reached an agreement on a free trade deal but the new pact has ignited strong reactions within South Korea. CNBC's June Yoon explains.

  • BEIJING/ SEOUL, Nov 10- Chinese and South Korean leaders on Monday signed a "substantial conclusion" of a free trade agreement that will sharply reduce barriers to commerce between the two trading giants, but leaves in place those on rice and automobiles. South Korea says the deal, which the neighbours negotiated for more than two years, will help its small and...

  • The agreement comes as South Korea has yet to decide whether to join the United States-initiated Trans-Pacific Partnership pact, aimed at slashing trade barriers between a dozen countries. China is the world's largest exporter and South Korea ranks seventh. South Korea already has free trade agreements with the United States and the European Union.

  • Tony Nash, Vice President at Delta Economics, discusses news that China and South Korea have reached a free trade agreement early Monday morning and explains what that means for the TPP.

  • BUSINESS-NEWS-SCHEDULE AT 2130 GMT / 4:30 PM ET Sunday, 9 Nov 2014 | 4:51 PM ET

    BEIJING- The risks faced by China's economy are not that scary and the government is confident it can head off the dangers, President Xi Jinping tells global business leaders in an effort to dispel worries about the world's second-largest economy. As Obama visits Asia, old alliances face new strains in face of China's influence. WASHINGTON/ JAKARTA- As President...