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  • Industrial hub Ulsan a warning for cooling South Korea Thursday, 28 May 2015 | 5:00 PM ET

    ULSAN, South Korea, May 29- The port of Ulsan was the cradle of South Korea's breakneck industrialisation. Now, the main production site for big manufacturers such as Hyundai Motor and oil refiner SK Innovation risks becoming the country's rust belt. The world's largest shipbuilder, Hyundai Heavy Industries Co, suffered an operating loss last year of about $3...

  • *South Korea and Saudi Arabia have long-established business ties. SEOUL/ KHOBAR, Saudi Arabia, May 29- Saudi Arabia's state oil firm is on a hiring spree in South Korea, as the world's top crude exporter seeks engineers to run plants in its soaring refining sector- setting it on course to compete with some Asian countries that are big oil buyers.

  • SYDNEY, May 28- Australian iron ore magnate Gina Rinehart's eldest daughter won control of the $3 billion dollar family trust on Thursday in a judgment critical of Rinehart's former control of the fund and attempts to block the long-running legal dispute. South Korea's POSCO, Japan's Marubeni Corp and Taiwan's China Steel Corp also have stakes in the mine,...

  • MANILA, May 28- Philippine economic growth unexpectedly slowed to a six-year low in the first quarter, but the central bank said it would not ease policy as consumer and public spending were set to pick up. Still, economists doubted Manila's 7-8 percent growth target for the full year could be met without additional interest rate cuts or a sharp increase in fiscal...

  • *Former Fed chief Bernanke says China slowdown necessary. SEOUL, May 27- Former Federal Reserve Chairman Ben Bernanke said that China's economic slowdown should not worry markets as there was no risk of a hard landing, and emphasised that a move to raise U.S. rates should be viewed as a positive sign for the world's largest economy. Bernanke, who participated in an...

  • DIARY- Top Economic Events to June 9 Wednesday, 27 May 2015 | 12:01 AM ET

    Treasury Secretary Jack Lew will participate in a moderated conversation at the London School of Economics and Political Science- 0945 GMT. LONDON- Bank of England's Sarah Breeden: CSFI Roundtable on Bank of England's Procyclicality Working Group SEOUL- Former Federal Reserve Chairman Ben Bernanke to attend a financial forum hosted by Dong-A Ilbo and...

  • SEOUL, May 27- Former Federal Reserve Chairman Ben Bernanke said on Wednesday there were no signs of extreme movements in the U.S. real estate and financial markets, but criticised the U.S. Congress for failing to approve the IMF reform measures. Bernanke also said during an open interview at a private-sector forum in Seoul that if the Fed lifts interest rates, it...

  • Analysts say the transaction will give Samsung heir Lee Jae-yong a big say in the conglomerate including its crown jewel Samsung Electronics Co.. "If Lee Jae-yong controls C&T, he can secure control over Samsung Electronics." Lee, his father Lee Kun- hee and other family members have a small direct stake in Samsung Electronics but have been able to exert influence...

  • Samsung says its defacto holding company Cheil Industries Inc. will acquire Samsung C&T Corp. by offering 0.35 new Cheil shares for every Samsung C&T share. Analysts say the move will give Samsung heir Lee Jae-yong greater control over the conglomerate including its crown jewel Samsung Electronics Co.. The combined entity will be named Samsung C&T.

  • Global stocks mostly higher in quiet trading day Monday, 25 May 2015 | 4:49 AM ET

    BEIJING— Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. London and Frankfurt were closed for holidays. Wall Street is closed Monday for Memorial Day.

  • Asian stock markets mostly higher in quiet trading day Sunday, 24 May 2015 | 11:29 PM ET

    BEIJING— Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. Singapore, Manila and New Zealand also rose. GREECE DEBT: Greece's ruling Radical Left Coalition rejected a call by party hardliners to skip its next payment to the International Monetary Fund.

  • 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...