Ronald Man, Asia Pacific Economist at HSBC, says the Bank of Korea's rate cut on Thursday, along with the government's stimulus measures, will fuel growth in the South Korean economy.» Read More
SEOUL, July 18- Line Corp, a Japan- based social messaging service firm, has filed for an initial public offering in the United States, Bloomberg news reported on Friday, citing unidentified sources. Line's parent company, South Korea's Naver Corp, said on Wednesday that Line had filed for an initial public offering in Tokyo.
TOKYO, July 18- Diplomatic tensions with China and South Korea are hurting business for a third of Japanese firms, a Reuters poll found, with executives citing a drop-off in sales and difficulties in making deals work.
LONDON, July 17- A Malaysian airliner was brought down over eastern Ukraine on Thursday, killing all 295 people aboard and sharply raising the stakes in a conflict between Kiev and pro- Moscow rebels in which Russia and the West back opposing sides.
*South Korea long been expected to switch to tariffs. SEOUL, July 17- South Korea will on Friday announce plans to scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, domestic media outlets including the Yonhap news agency reported on Thursday.
Andrew Robb, Trade Minister of Australia, says it is important for the country to maintain strong relationships with all of its Asian trading partners, including China, Japan and South Korea.
*IPO process kicked off with initial Tokyo application. TOKYO/ SEOUL, July 16- Tokyo may struggle to get a piece of a listing that could value Japan's social messaging service Line Corp at up to $20 billion, with bankers saying New York is a more likely venue as a base for global expansion to build on explosive growth at home.
SEOUL, July 16- Samsung Electronics Co Ltd is losing smartphone ground not only to cheaper Chinese rivals but also at the high end to Apple Inc, a survey showed, in an ominous sign for the South Korean giant as Apple readies to launch its next-generation iPhone 6..
SEOUL, July 16- South Korea has delayed a move to allow certain levels of the animal feed additive zilpaterol in beef to August from mid-July as it finalizes the policy, a food ministry official said on Wednesday.
LONDON, July 14- Stock markets in Europe and Asia rose on Monday as investors put aside concern about euro zone banks and looked forward to corporate earnings and a raft of global economic events, including testimony from the head of the U.S.
*U.S. activist group says China supplier uses child labour. SEOUL, July 14- Samsung Electronics Co Ltd said it halted business with a supplier in China over suspected use of child workers, the first time it has taken such a step, after criticism that its monitoring of labour practices at suppliers was inadequate.
*Stocks inch ahead in Asia as EU banking worries fade. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, with Seoul putting on 0.4 percent.
*Bank of Korea cuts GDP, CPI forecasts; recovery seen on track. As expected, the Bank of Korea left its policy interest rate unchanged at 2.50 percent for the 14th straight month and trimmed its economic forecasts to reflect recent softness, but its governor maintained the view that Asia's fourth-largest economy was still on a recovery track.
SEOUL, July 10- A South Korean nuclear reactor has restarted after a month-long closure due to a control rod problem, a spokesman at state-run atomic operator Korea Hydro and Nuclear Power Co Ltd said on Thursday.
BEIJING/ HONG KONG, July 9- China's quest to turn its yuan into a full-fledged global currency has hit a road-block as the planned roll-out of a worldwide payments superhighway looks certain to get delayed because of policy snags and technology challenges.
Below are key facts and a timeline concerning development of China's yuan payments system. NOVEMBER 2005- China's central bank announces the expansion of the yuan banking business in Hong Kong.
BEIJING, July 8- The United States will press China to resume cooperation on fighting cyber espionage to ensure an orderly cyber environment, a senior U.S. official said on Tuesday ahead of annual talks between the world's two largest economies this week.
Stephen Sheung, Head of Investment Strategy at SHK Private, expects the U.S. to see a significant re-balancing in the second quarter, which will benefit Asian countries like South Korea.
SEOUL, July 4- China and South Korea's vow to wrap up talks on a trade deal by year-end may prove optimistic, as differences over opening markets for petrochemicals, steel and agriculture could delay a deal, a senior South Korean trade ministry source said on Friday. China is the world's largest exporter and South Korea the seventh.
*Hong Kong retailers suffer after data disappoints. HONG KONG, July 4- China shares slipped from two-week highs early Friday as investors took profit on recent outperformers, though a stronger property sector helped limited losses.
Sean King, Vice President at Park Strategies, says Chinese President Xi Jinping's visit to South Korea isn't about North Korea but rather, it is an "anti-Japan and U.S. play."