×

Asia Top News and Analysis South Korea

  • KORUS, as the deal is known, has been a boon for South Korea and its U.S. goods trade surplus has surged to $28 billion. Meanwhile, the U.S. economy is strengthening, supporting consumer demand for imported goods, including cars and electronics from South Korea. One sector for which the trade deal has not gone horribly is U.S. beef, where exports have risen steadily to...

  • A Terminal High Altitude Area Defense (THAAD) interceptor is launched during a successful intercept test, in this undated handout photo provided by the U.S. Department of Defense, Missile Defense Agency.

    The system, known as the Terminal High Altitude Area Device, or THAAD, is designed to defend South Korea and Japan from missile attack.

  • U.S. stocks closed modestly lower Friday, ending just short of another milestone for Wall Street. So far, earnings have been mostly exceeding Wall Street's expectations. "The market is worried that the second quarter perhaps will see continued weakness, and that's part of the tug-of-war we're seeing in the market," said Quincy Krosby, market strategist at...

  • *MSCI AC World set for longest streak of monthly gains in decade. LONDON, April 28- Concern about global trade and U.S. In an interview with Reuters, Trump called the U.S. trade pact with South Korea "unacceptable" and said it would be targeted for renegotiation after his administration completed a revamp of the North American Free Trade Agreement with Canada and...

  • *South Korea defense ministry: No change in THAAD agreement. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a "horrible" free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade...

  • LONDON, April 28- Concern about global trade and U.S. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea "unacceptable" and said it would be targeted for renegotiation after his administration completes a revamp of the North American Free Trade Agreement with Canada and Mexico. Trump's comments stunned South Korean...

  • A Terminal High Altitude Area Defense (THAAD) interceptor is launched during a successful intercept test, in this undated handout photo provided by the U.S. Department of Defense, Missile Defense Agency.

    The president said he wants South Korea to pay for the $1 billion THAAD missile defense system, Reuters said.

  • Shipping containers are offloaded from a cargo ship at Port Everglades on June 24, 2016 in Fort Lauderdale, Florida.

    Trump's maverick move to chuck the trade rulebook has been "a step back," said Steve Okun, vice chairman for AmCham's Asia Pacific Council.

  • NEW YORK/ SAN FRANCISCO, April 28- Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. South Korea, a U.S. ally and home to major electronics...

  • How Trump could impact S.Korea's economy

    Rob Subbaraman, Nomura, says the recovery in exports has been the main thing the Korean economy has going for it and Trump's comments were a negative for that.

  • NEW YORK/ SAN FRANCISCO, April 28- Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. South Korea, a U.S. ally and home to major electronics...

  • Trump's S.Korea comments unsurprising?

    Luke Spajic, PIMCO, says the U.S. President tends to open with an extreme position before taking on a more reasonable position.

  • A sales assistant watches TV sets broadcasting a news report on North Korea's nuclear test, in Seoul, January 6, 2016.

    President Donald Trump told Reuters a major conflict with North Korea is possible, but he prefers a diplomatic outcome. He also shared thoughts on Taiwan.

  • A military drill marking the 85th anniversary of the establishment of the Korean People's Army (KPA.

    There is a danger that the situation on the Korean peninsula could slip out of control, Chinese Foreign Minister Wang Yi told a senior Russian diplomat.

  • President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a "horrible" free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea "unacceptable" and said it would be...

  • *Singapore semiconductor industry outpaces Asian rivals. SINGAPORE, April 28- Foreign precision engineering firms are investing more in Singapore, drawn by strong semiconductor demand and government incentives aimed at re-tooling an economy short of skilled labour. From a proactive standpoint, Singapore is about as good as it gets, "said Wayne Allan, vice...

  • More North Korean elites think Kim Jong Un is weak

    A growing number of North Korea elites think Kim Jong Un is a weak leader, according to research from the Rand Corporation.

  • SEOUL, South Korea— Kia Motors Co. plans to invest $1.1 billion in India to build its first plant in the world's fifth-largest auto market. Kia and its larger affiliate Hyundai Motor Group are the world's fifth-largest auto company. Hyundai makes 650,000 vehicles in India a year, but without its own production line, Kia could not enter the market due to steep...

  • SEOUL, April 27- South Korea raised its export outlook for the year after first quarter economic growth accelerated at a sharper pace, with policymakers saying there was no need for extra stimulus even as the economy faces a host of political and economic challenges. The firm start to the year on strong exports and capital investment is a relief for policymakers...

  • SEOUL, South Korea— Samsung Electronics reported its best quarterly profit in more than three years Thursday and forecast improvement for the full year as its semiconductor division posted its highest income ever. "The semiconductor business will continue to see a boom for at least a year ahead and its earnings result is on a roll," said Park Ju- gun, chief...