• *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.

  • *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.

  • Samsung battles on two fronts as Apple readies iPhone 6 Wednesday, 16 Jul 2014 | 4:23 AM ET

    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..

  • S.Korea delays lifting ban on beef with feed additive Tuesday, 15 Jul 2014 | 11:04 PM ET

    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.

  • WASHINGTON, July 14- President Barack Obama told Chinese President Xi Jinping on Monday he wants U.S.-Chinese relations defined by more cooperation and a constructive management of differences, during a phone call in which Iran and North Korea were discussed.

  • 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.

  • S.Korea restarts nuclear reactor shut in June Wednesday, 9 Jul 2014 | 9:33 PM ET

    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.

  • China's yuan global ambition faces payments hurdle Tuesday, 8 Jul 2014 | 5:00 PM ET

    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.

  • FACTBOX-Development of China's yuan payment systems Tuesday, 8 Jul 2014 | 5:00 PM ET

    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.

  • 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.

  • BEIJING, July 3- Access to online services such as messaging app Line and photo-sharing site Flickr was disrupted in China this week, a step that anti-censorship groups said was carried out by the government to block information about pro-democracy protests in Hong Kong.

  • BEIJING, July 3- Access to online services such as messaging app Line and photo-sharing site Flickr was disrupted in China this week, a step anti-censorship groups said was carried out by the government to block information about pro-democracy protests in Hong Kong.

  • One week after U.S. authorities confirmed a ruling easing a 40- year ban on shipping lightly processed oil abroad, Enterprise Product Partners has sold its first cargo to a Japanese trading house and was seeking more buyers in Latin America, according to trading sources.

  • July 2- North Korea has handed Japan names of at least 10 Japanese nationals who are said to be living in that country, including those believed to have been abducted by Pyongyang agents, the Nikkei reported.

  • July 2- Enterprise Product Partners has sold a cargo of U.S. condensate to an Asian trader, in what appears to be the first export deal agreed to a week after the U.S. Commerce Department cracked open the door for limited oil exports, two traders said on Wednesday.