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Asia Top News and Analysis South Korea

  • Missile destroyer Guangzhou launches an air-defense missile during a military exercise near south China's Hainan Island and Xisha islands, July 8, 2016.

    China ratchets up criticism on US missile plan for Korean Peninsula as it accelerates own missile development program.

  • *Two senior Samsung Group execs offer to resign- Yonhap. SEOUL, Feb 24- Tech giant Samsung Electronics is tightening board oversight on donations while two senior Samsung Group executives reportedly offered to resign, as the conglomerate struggles with the fallout from a graft scandal that led to its leader's arrest. The flagship of South Korea's top...

  • Lee Jae-Yong (C), vice chairman of Samsung Electronics, arrives for questioning at the office of a special prosecutor investigating a corruption scandal in Seoul on February 22, 2017.

    Two senior Samsung Group executives have offered to resign to take responsibility for the conglomerate's involvement in a graft scandal.

  • The flagship of South Korea's top conglomerate Samsung Group has been at the centre of an influence-peddling scandal that led South Korea's parliament to impeach President Park Geun-hye in December. Jay Y. Lee, third-generation leader of Samsung Group and Samsung Electronics' vice chairman, was arrested last week after being named a suspect by the South...

  • Royal Dutch Shell and ExxonMobil could see a 10 to15 percent hit to margins at their Singapore refineries when a new carbon tax takes effect in 2019.

  • SEOUL, Feb 23- South Korea's central bank opted for stability on Thursday, keeping its interest rates unchanged for an eighth straight month as it faces declining consumer confidence, trade challenges, and a government in turmoil from a political scandal. South Korea has worried that its exports are at risk from U.S. President Donald Trump's threatened trade...

  • BEIJING/ SINGAPORE, Feb 23- Delays in corn shipments from the United States have offered China a chance to showcase its grain to major Asian buyers like Japan and South Korea, raising the prospect of a new player in global grain markets. One deal is close and talks have begun on two more, sources said, with China benefiting from its close proximity to big Asian...

  • The post-Park era in South Korea

    Jonathan Miller of the Council on Foreign Relations says South Korean political parties are already preparing for an election.

  • *BOK keeps rates at 1.25 pct. SEOUL, Feb 23- South Korea's central bank opted for stability on Thursday, keeping its interest rates unchanged for an eighth straight month as it faces declining consumer confidence, trade challenges, and a government in turmoil from a political scandal. The Bank of Korea left its base rate at 1.25 percent, a record-low, with Governor...

  • Why the Bank of Korea kept rate steady

    Vishnu Varathan, senior economist at Mizuho Bank, weighs in on the Bank of Korea's decision to hold interest rates in the face of political uncertainty.

  • South Korean treasurer went missing on Feb. 7. ZURICH, Feb 22- Swiss engineering group ABB on Wednesday said it fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary, with the chief suspect an executive responsible for ethics training. The executive, named by a source in South Korea as Oh Myeong-se, was treasurer and one of two integrity...

  • Swiss engineering group ABB fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary.

  • South Korean treasurer went missing on Feb. 7. ZURICH, Feb 22- Swiss engineering group ABB fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary, it said on Wednesday, with the chief suspect an executive responsible for ethics training. The executive, named by a source in South Korea as Oh Myeong-se, was treasurer and one of two integrity...

  • ZURICH, Feb 22- Swiss engineering group ABB revealed the discovery of what it called a "sophisticated criminal scheme" in its South Korean subsidiary on Wednesday, which it expects will result in a $100 million pre-tax charge. The Swiss company said the alleged theft was limited to South Korea, where it employs around 800 people and generated sales of $525 million...

  • ABB said it launched an investigation in cooperation with South Korean authorities and Interpol, the international police body. An official at Cheonan SeoBuk police station said Oh left South Korea for Hong Kong on Feb. 4 and is currently being sought by Interpol. Interpol did not comment, nor did it have the name "Oh" in the search database on its public red-notice...

  • KEEPING SCORE: European markets started higher with Britain's FTSE 100 up 0.3 percent at 7,297.41. Consumer goods giant Kraft Heinz fell after it withdrew a $143 billion offer for competitor Unilever, but other food and household goods makers rose as investors bet Kraft will make an offer for one of those companies instead. ANALYST'S TAKE: "U.S. equity investors...

  • Wouldn't touch South Korea with a barge pole: Pro

    Paul Gambles, co-Founder of the MBMG Group, weighs in on what he perceives to be South Korea's "absolutely catastrophic debt problems."

  • South Korea in flux

    CNBC's Chery Kang reports on South Korea's corruption crisis where Samsung Vice Chairman Lee Jae-Yong was arrested last week on charges of perjury, embezzlement and bribery.

  • SEOUL, Feb 22- South Korea's finance minister said on Wednesday he will seek a meeting with U.S. Finance Minister Yoo Il-ho said "face-to-face time" with Mnuchin will make it easier for the two to discuss "deeper issues," to reporters on the sidelines of an event in Seoul. The G20 meeting will take place in Baden-Baden, Germany on March 17 to 18.

  • Asian markets could come out as winners: Expert

    Michael Preiss of Taurus Wealth Advisors weighs in on how trade-reliant economies, such as South Korea, are likely to be impacted by protectionism.