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Asia Top News and Analysis Korea

  • SEOUL, Feb 15- South Korea's special prosecutor's office said on Wednesday it had expanded charges against Samsung Group chief Jay Y. Lee to include hiding the proceeds of a criminal act before it decided to seek a warrant for his arrest. A Seoul court said on Tuesday it would hold a hearing on Thursday to decide on the prosecution's request for warrants to arrest...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • *Extension for earnings, if approved, would be until March 14. TOKYO, Feb 14- After a day of delays and confusion, Japan's Toshiba Corp said on Tuesday it expected to book a $6.3 billion hit to its U.S. nuclear unit, a writedown that wipes out its shareholder equity and will drag the group to a full-year loss. "Finally now people are starting to recognize that internal...

  • Special prosecutors investigating the influence-peddling scandal that led to the impeachment of the country's president said Tuesday they have asked a court to issue an arrest warrant for Lee Jae-yong, the vice chairman of Samsung Electronics. They also are seeking an arrest warrant for Samsung Electronics president Park Sang- jin, who oversees the...

  • *Extension for earnings, if approved, would be until March 14. TOKYO, Feb 14- Japan's Toshiba Corp shocked investors on Tuesday with a last-minute delay to a long-awaited financial update, saying it needed more time to probe its Westinghouse nuclear business. Toshiba said it was seeking approval from regulators to delay its third-quarter earnings release to...

  • TOKYO, Feb 14- Toshiba Corp has unexpectedly delayed the release of its quarterly earnings and details of a multi-billion dollar writedown to its nuclear business, sending its shares sharply lower as investors fret over the conglomerate's future. Kyodo news agency, citing a financial source, said the delay was due to problems in Toshiba's discussions with...

  • TOKYO, Feb 14- Toshiba Corp will on Tuesday uncover the scale of a multi-billion dollar writedown from cost overruns at its U.S. nuclear arm, along with its recovery plans as the Japanese industrial conglomerate scrambles for cash. Toshiba may also sell an interest in British nuclear venture NuGeneration Ltd to Korea Electric Power Corp, the newspaper said.

  • SEOUL, Feb 14- Samsung Group chief Jay Y. Lee was questioned by South Korea's special prosecutor for more than 15 hours as part of an investigation into a graft scandal that threatens to topple President Park Geun-hye. Lee, who has denied allegations of bribery through Samsung Group spokespeople, had arrived at the office on Monday morning. Samsung Group...

  • *India's navy rejects homemade Tejas for being too heavy. BENGALURU/ NEW DELHI, Feb 13- India's navy is in the hunt for a new foreign fighter jet after rejecting an indigenously made aircraft as too heavy, the latest sign of the struggle to get Asian militaries to buy locally to grow their defence industries. India, South Korea, Taiwan and other Asian buyers are...

  • BEIJING— Asian stock markets rose Monday after Wall Street hit a new high and a meeting between President Donald Trump and Japan's prime minister appeared to soothe tensions over trade and currency. KEEPING SCORE: The Shanghai Composite Index advanced 0.5 percent to 3,212.94 and Tokyo's Nikkei 225 index gained 0.4 percent to 19,459.15.

  • SEOUL, Feb 13- Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. Park, Lee, Choi, and Samsung Group have all denied bribery accusations. Proving illicit dealings between Park or her...

  • BEIJING— Asian stock markets have risen after major Wall Street indexes ended last week at record highs and a summit between President Donald Trump and Japan's prime minister appeared to sooth tensions over trade and currency policies. Benchmarks in Japan, China, Australia and South Korea all advanced. Sydney's S&P-ASX 200 added 0.7 percent to 5,762.70 while...

  • A man watches the news showing file footage of North Korean leader Kim Jong-Un at a railway station in Seoul on February 12, 2017. North Korea fired a ballistic missile on February 12 in an apparent provocation to test the response from new U.S. President Donald Trump, the South Korean defense ministry said.

    President Donald Trump has advocated an aggressive stance towards both China and North Korea but he may now turn to Beijing for help.

  • SEOUL, Feb 13- Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. Park, Lee, Choi, and Samsung Group have all denied bribery accusations. Proving illicit dealings between Park or her...

  • SEOUL, Feb 13- Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office on Monday for questioning as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. Park, Lee, Choi, and Samsung Group have all denied bribery charges. Lee arrived at the prosecution office in southern Seoul...

  • A member of media takes a photograph of a television screen showing a news broadcast on North Korea's unidentified ballistic missile launch at Seoul Station in Seoul, South Korea, on Sunday, Feb. 12, 2017.

    The rogue nation fired a ballistic missile into the sea early on Sunday, but it didn't appear to be an ICBM.

  • SEOUL, South Korea— South Korean prosecutors summoned Samsung heir Lee Jae-yong for questioning over bribery allegations again on Monday, less than a month after a Seoul court rejected their request for his arrest. The merger helped Lee, the billionaire vice chairman of technology giant Samsung Electronics, promote a father-to-son transfer of leadership...

  • Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. The setbacks come at a critical time for U.S. exporters, who are trying to move as much grain as possible before buyers turn their attention to South America when corn and soybean harvests in Argentina and Brazil...

  • Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. The setbacks come at a critical time for U.S. exporters, who are trying to move as much grain as possible before buyers turn their attention to South America when corn and soybean harvests in Argentina and Brazil...

  • *Says could limit any pressure on South Korea from Trump govt. SEOUL, Feb 10- Korea Gas Corp, the world's No.2 buyer of liquefied natural gas, would be "interested" in participating in U.S. shale gas projects, with such investment curbing any potential trade pressure on South Korea from the U.S. government. President Donald Trump, who has dropped out of the 12- nation...