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Asia Top News and Analysis Korea

  • SAO PAULO/ BEIJING, March 20- Fallout from a corruption scandal in Brazil's massive meat industry spread on Monday, with China and South Korea suspending some imports and the European Union mulling action, hitting shares of the world biggest poultry producer BRF SA. China, which accounted for nearly one-third of the Brazilian industry's $13.9 billion in...

  • SAO PAULO/ BEIJING, March 20- Fallout over a Brazilian meat corruption scandal spread on Monday, with China and South Korea suspending some imports, the European Union mulling action and shares of meatpacking companies BRF SA and JBS SA dropping. China, Brazil's top trade partner, decided to suspend the import of meat products from Brazil as a "precautionary...

  • SEOUL, March 20- North Korea has likely mastered the technology to power the different stages of an intercontinental ballistic missile and may show it off soon, analysts say, but is likely still a long way from being able to hit the mainland United States. North Korean state media announced its latest rocket-engine test on Sunday, saying it would help North Korea...

  • *China is South Korea's largest trading partner. South Korea and the United States say the sole purpose of the Terminal High Altitude Area Defense system is to guard against missile launches from North Korea, but China says that its powerful radar could penetrate into its territory. It would be up to South Korea to follow up on its complaint to the WTO for any...

  • SEOUL, South Korea— Six people died when the roof of a mine in North Korea collapsed in January, the North's state media reported Monday, in a rare admission of a deadly accident in the secretive country. Seven miners were initially trapped after the collapse Jan. 9 at the Unryul mine, a leading iron ore producer in the country's southwest, North Korea's main...

  • KEEPING SCORE: Hong Kong's Hang Seng index advanced 0.5 percent to 24,429.89 points and the Shanghai Composite Index rose 0.2 percent to 3,242.97. Seoul's Kospi shed 0.5 percent to 2,153.21 and Sydney's S&P-ASX 200 retreated 0.4 percent to 5,776.60. Benchmarks in Taiwan and Jakarta advanced while New Zealand and Singapore declined.

  • *SK Group the latest corporate leader to be questioned. SEOUL, March 18- South Korean prosecutors questioned the chairman of the SK Group on Saturday in connection with an influence-peddling scandal that brought down President Park Geun-hye, the latest corporate leader to come under suspicion. Park, South Korea's first democratically elected leader to be...

  • MOSCOW- Central Bank of Russia Deputy Governor Vasily Pozdyshev will hold a presentation of new banking legislation- 0800 GMT. CANBERRA- Reserve Bank of Australia Assistant Governor Luci Ellis to speak at the ACT Launch of the Women in Economics Network. WARSAW- National Bank of Poland monetary policy council meeting.

  • *Saudi Arabia says OPEC cuts could be extended. LONDON/ NEW YORK, March 17- Oil prices were largely steady on Friday, finishing the week with modest gains, but speculators sharply cut long positions during last week's rout, on concerns that an OPEC production cut was failing to reduce a global supply overhang. Brent crude settled up 2 cents to $51.76 a barrel while U.S....

  • Secretary of State Rex Tillerson on Friday issued the Trump administration's starkest warning yet to North Korea, saying that a military response would be "on the table" if Pyongyang took action to threaten South Korean and U.S. forces. He said any North Korean actions that threatened U.S. or South Korean forces would be met with "an appropriate response," turning...

  • On his first Asian visit as secretary of state, Tillerson will travel to China on Saturday with a main focus on finding a "new approach" on North Korea after what he described as two decades of failed efforts to denuclearize the insular nation. In spite of his warning, U.S. officials have stressed that while an ongoing review on North Korea policy includes military...

  • SEOUL, March 17- A U.S. policy of strategic patience with North Korea has ended, Secretary of State Rex Tillerson said in South Korea on Friday, adding that military action would be "on the table" if North Korea elevated the threat level. Tillerson began his first Asian visit as secretary of state in Japan on Wednesday and will travel to China on Saturday with a main...

  • COPENHAGEN, March 17- Denmark will extradite to South Korea the daughter of the central figure in an influence-peddling scandal that led to the ouster of its president, the Danish public prosecutor said on Friday, but her lawyer said she will fight the order in court. South Korea has been thrown into political turmoil by the widening corruption and...

  • SEOUL, March 17- A U.S. policy of strategic patience with North Korea has ended, Secretary of State Rex Tillerson said in South Korea on Friday, adding that military action would be "on the table" if North Korea elevated the threat level. Tillerson began his first Asian visit as secretary of state in Japan on Wednesday and will travel to China on Saturday with a main...

  • *Seoul Central District Court reassigns Jay Y. Lee bribery case. SEOUL, March 17- A South Korean court said on Friday it has reassigned Samsung Group chief Jay Y. Lee's bribery trial to another judge, following questions about the previous judge's connection to a woman Lee is accused of bribing. A Seoul Central District Court spokesman said the case had been...

  • *Advertisers in China shun Korean entertainers. SHANGHAI/ SEOUL, March 17- Cai Yufang, 21, is a big fan of Korean television dramas like "Shopping King Louie", a show about a profligate chaebol heir who loses his memory and learns the value of love and labour from a sweet, simple country girl. The mainland chill on Korean content that follows Seoul's decision to deploy a...

  • Secretary of State Rex Tillerson arrived in South Korea on Friday for the second leg of an Asian tour focussed on finding a "new approach" for North Korea after what he described as two decades of failed efforts to denuclearize the reclusive state. In South Korea, he will visit the heavily fortified border with North Korea, the Demilitarized Zone, before meeting...

  • Slightly more stocks rose on the New York Stock Exchange than fell. The U.K. FTSE 100 rose 0.6 percent and closed at a record high. Investors had been nervous about Wednesday's Dutch election, worried that victories for nationalist parties there and in other elections on the continent later this year could eventually lead to the breakup of the European Union.

  • In Japan at the start of a three-country Asia tour, Tillerson offered no details about what would comprise the "different approach" to North Korea the U.S. will pursue. But if Tillerson's words were meant to put Pyongyang on notice, he quickly pivoted: " North Korea and its people need not fear the United States or their neighbors in the region who seek only to live in...

  • KEEPING SCORE: Tokyo's Nikkei 225 index was flat at 19,578.06 while the Shanghai Composite gained 0.6 percent to 3,262.90. Hong Kong's Hang Seng added 1.2 percent to 24,084.14 and Seoul's Kospi rose 0.5 percent to 2,144.37. Benchmarks in New Zealand, Taiwan and Singapore gained while Malaysia fell.