Richard Iley, Chief Economist, Asia at BNP Paribas, says the rate cut was a "relatively low risk" option for the Bank of Korea amid sluggish global growth and falling oil prices.» Read More
SEOUL, Sept 26- The boards of Hyundai Motor Co and two affiliates on Friday approved a 10.55 trillion won purchase of a plot of land in Seoul, the companies said, sealing a deal worth more than triple the property's appraised amount.
SEOUL, Sept 26- The boards of Hyundai Motor Co and two affiliates on Friday approved the signing of their 10.55 trillion won deal to buy a plot of land in Seoul valued at about a third of that amount, the companies said.
Recent protests by workers from Hyundai Motor have once again triggered governance concerns about South Korean firms. Jamie Allen, Secretary General of the Asian Corporate Governance Association, discusses.
*Shanghai, Hong Kong, Seoul shares expected to rise. BANGALORE, Sept 25- Stock markets in China and other parts of East Asia are set to rally over the next year as prices remain relatively cheap compared with U.S. and European shares, though the pace of rising U.S. interest rates may cap gains, Reuters polls showed.
SEOUL, Sept 24- South Korea will sign a deal this month to buy 40 Lockheed Martin Corp F-35 fighter jets for about 7.34 trillion won for delivery in 2018-2021, two people with knowledge of the transaction told Reuters on Wednesday.
*Nanoco shares rise more than 27 pct. Sept 24- Nanoco Group Plc said commercial production of quantum dots, used to make vibrant screen displays, is expected to begin in the first half of next year at a plant in South Korea being built by its partner, Dow Chemical Co..
We've just about got used to 4G mobile Web browsing, but industry experts are claiming ultra-fast 5G could be a reality by 2020.
SEOUL, Sept 24- A $10 billion bid by Hyundai Motor Co and two affiliates for a plot of land in Seoul could delay resolution of perennially contentious wage talks, with auto workers angered by news of the deal striking for a second day on Wednesday.
The U.S. formally joined ReCAAP, a Singapore-based, multinational organization battling piracy at sea.
In a world riven by differences, there's still plenty of common ground when it comes to public attitudes about major institutions.
The Corporate Perception Indicator is a survey of the population and biz execs from 25 markets, conducted for CNBC and Burson-Marsteller.
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 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.
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.
Ravi Thakran, Chairman & Managing Partner of L Capital Asia, outlines the opportunities the firm sees in South Korean pop music and non-luxury brands like Charles & Keith.
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.