South Korea


  • Samsung to launch new phone in China before Apple Tuesday, 23 Sep 2014 | 10:20 PM ET

    SEOUL, South Korea— Samsung Electronics Co. said Wednesday its latest Galaxy Note 4 smartphone will go on sale in China and South Korea later this month as its flagging mobile business tries to defend sales from Apple's new iPhones. Apple's iPhone 6 has yet to arrive in China, the world's most populous country.

  • Asian stocks drift after Wall Street slide Tuesday, 23 Sep 2014 | 4:09 AM ET

    NEW YORK— Grim economic news from Europe and airstrikes in Syria rattled global stocks Tuesday. Investors have been dealing with meager economic growth in Europe for months. "It has a very feeble recovery going on that is vulnerable to even the slightest external shock," said Jacob Kirkegaard, senior fellow at the Peterson Institute for International Economics.

  • Naver says no IPO for Line messenger app in 2014 Monday, 22 Sep 2014 | 6:31 AM ET

    SEOUL, South Korea— South Korean Internet company Naver Corp. said Monday its popular Line instant messaging app won't go public on a stock exchange this year. Naver, which is Line's parent company, said in a regulatory filing that Line Corp. had ruled out going public in 2014..

  • Samsung may launch first Tizen phone in India Monday, 22 Sep 2014 | 3:18 AM ET

    SEOUL, South Korea— Samsung Electronics Co., which faces a slowdown in emerging market smartphone sales, will release its long-delayed Tizen-powered handset in India before the end of this year, a report said Monday.

  • SEOUL, Sept 20- Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.

  • *Hyundai bids more than 3 times appraisal price. SEOUL, Sept 18- Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics Co Ltd and sparking investor concerns that it is wasting cash on a trophy property.

  • Hyundai to pay $10B for land in Gangnam district Thursday, 18 Sep 2014 | 1:37 AM ET

    SEOUL, South Korea— A consortium led by Hyundai Motor Co. offered more than $10 billion for land in Seoul's tony Gangnam district where it will build a new headquarters.

  • *Hyundai bids more than 3 times appraisal price. SEOUL, Sept 18- Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics Co Ltd and raising investor concerns that it is wasting cash on a trophy property.

  • Pound rises as early Scottish results favor union Thursday, 18 Sep 2014 | 1:09 AM ET

    NEW YORK— More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the stock market climbed to another record high. The gains came a day after the Fed made clear that it's in no hurry to raise a key bank lending rate, easing a major concern for the stock market.

  • SEJONG, South Korea, Sept 18- South Korea's government will boost budget spending more than previously planned at least for the next three years to help the local economy better cope with a tepid global recovery and a continued slump in domestic demand.

  • PARIS, Sept 15- Nissan boss Carlos Ghosn is preparing to cut battery manufacturing, people familiar with the matter said, in a new reversal on electric cars that has reopened deep divisions with alliance partner Renault.

  • Asian stocks tumble on disappointing China data Sunday, 14 Sep 2014 | 11:30 PM ET

    KEEPING SCORE: Hong Kong's Hang Seng sank 0.8 percent to 24,392.86 and Australia's S&P/ASX 200 lost 0.6 percent to 5,496.20. China's Shanghai Composite Index shed 0.3 percent to 2,326.06. Singapore, Seoul, Jakarta and Taipei also fell.

  • Samsung accuses LG execs of damaging its products Sunday, 14 Sep 2014 | 6:37 AM ET

    SEOUL, South Korea— Samsung Electronics Co. has accused senior executives of domestic rival LG Electronics Inc. of intentionally vandalizing its washing machines at retail stores in Germany and has asked for an official investigation.

  • Forget China, Japan is a better buy: Expert     Thursday, 11 Sep 2014 | 6:49 PM ET

    Jonathan Brodsky, Managing Director of Advisory Research, says ongoing reforms in Japan are positive for the stock market. He also outlines the shares he likes in South Korea.

  • SEOUL, Sept 11- South Korea on Thursday proposed a tax hike as early as next year that would nearly double cigarette prices as the government tries to reduce one of the world's highest smoking rates among adult males. The proposal, which needs to be approved by parliament, sent shares in dominant tobacco maker, government-backed KT&G Corp, down more than 5 percent.

  • SEOUL, Sept 11- A cap on carbon dioxide emissions that South Korea expects to introduce as part of a carbon trading scheme will be around 3 percent larger than previously touted over the next three years, the government said on Thursday.

  • Asia stocks muted; Tokyo rises as yen extends fall Thursday, 11 Sep 2014 | 1:16 AM ET

    NEW YORK— U.S. stocks were mixed Thursday afternoon as investors mulled the outlook for interest rates, the latest sanctions against Russia and volatile energy prices. KEEPING SCORE: The Standard& Poor's 500 index rose a point, or less than 0.1 percent, to 1,996 as of 3:47 p.m. Eastern.

  • SINGAPORE, Sept 9- U.S. crude futures rose above $93 a barrel on Tuesday, after falling for the past three sessions, amid hopes for a drop in inventories in the world's top oil consumer while fear of OPEC output cuts also underpinned prices. *U.S. crude was up 43 cents at $93.09 by 0119 GMT, after closing down 63 cents at $92.66 a barrel on Monday.

  • WASHINGTON, Sept 5- The U.S. government hopes to hammer out an agreement with South Korea by the end of the year for the U.S. unit of Britain's BAE Systems Plc to carry out $1 billion- plus of upgrades to more than 130 F-16 fighter jets, sources familiar with the discussions said this week.

  • GLOBAL MARKETS-Stocks, euro dip ahead of ECB meeting Thursday, 4 Sep 2014 | 4:32 AM ET

    *MSCI ex-Japan Asia shares retreat from 7- year high. LONDON, Sept 4- A month-long march higher for European and Asian stock markets stalled on Thursday on concerns the European Central Bank will do nothing immediate at its meeting later in the day to address a deteriorating economic outlook.