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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...

  • MOSCOW, Nov 19- Russian President Vladimir Putin called on Wednesday for deeper ties with North Korea to improve regional security, a day after holding talks with a personal envoy of North Korean leader Kim Jong Un. Russia is also one of five countries involved in talks with North Korea on its nuclear program. But receiving the credentials of North Korea's new...

  • 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...

  • Research: Blacklisted NKorea firm selling overseas Tuesday, 18 Nov 2014 | 6:20 PM ET

    WASHINGTON— Companies in China and Russia have been marketing products of a blacklisted North Korean machine tool maker in possible violation of U.N. sanctions, U.S. researchers claimed Tuesday. The findings point to the difficulty of enforcing restrictions imposed by the U.N. Security Council to curb Pyongyang's nuclear and missile programs.

  • China's $350M bridge gets scant N. Korean welcome Tuesday, 18 Nov 2014 | 1:23 AM ET

    TOKYO— The bridge was supposed to be a key link for trade and travel between China's underdeveloped northeast provinces and a much-touted special economic zone in North Korea— so key that Beijing sank more than $350 million into it. Beijing and Pyongyang have made no official comment. Foreign analysts have suggested the apparent lack of progress might...

  • 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...

  • Asiana gets 45-day ban on SF flights over crash Friday, 14 Nov 2014 | 2:25 AM ET

    SEOUL, South Korea— South Korean officials said Friday they will ban Asiana Airlines from flying to San Francisco for 45 days as punishment for a deadly crash in July last year. An official from Asiana Airlines said the company will appeal the decision by the Ministry of Land, Infrastructure and Transport's disciplinary committee, and will consider legal...

  • *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...

  • *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...

  • 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.

  • 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...

  • The current weakening of the yen follows a decision last month by the Bank of Japan to dramatically expand its debt-buying stimulus drive, pushing down bond yields and sending the yen to 115.52 against the dollar on Thursday, its weakest in seven years. The Bank of Japan move increased the chances that the Bank of Korea will cut its policy rate to a record low, some...

  • N. Korea frees 2 Americans after secret US mission Saturday, 8 Nov 2014 | 5:07 PM ET
    Flying over East Asia in January 2014, astronauts took this night image of the Korean peninsula. Dark North Korea is difficult to detect, between China and South Korea.

    North Korea released two Americans who had been accused of trying to subvert the country, after a secret mission by a top U.S. official.

  • The current weakening of the yen follows a decision last month by the Bank of Japan to dramatically expand its debt-buying stimulus drive, pushing down bond yields and sending the yen to 115.52 against the dollar on Thursday, its weakest in seven years. The Bank of Japan move increased the chances that the Bank of Korea will cut its policy rate to a record low, some...

  • BHP's U.S. oil export plan met by caution in Asia Thursday, 6 Nov 2014 | 3:02 AM ET

    SINGAPORE, Nov 6- Asian buyers of condensate said they would be wary of taking cargoes of the ultra-light oil that BHP Billiton Ltd plans to export from the Gulf of Mexico without explicit approval from the U.S. government. South Korea's GS Caltex and Japan's Cosmo Oil Co were the first Asian refiners to buy U.S. condensate after the United States relaxed a 40- year...