Asia Top News and Analysis South Korea

  • South Koreans watch a television broadcast on July 13 reporting the planned deployment of a Terminal High-Altitude Area Defense missile system in the country.

    The U.S. and S.Korea are "destined for a proper counter-attack" for their THAAD defense system deal, the Communist Party's mouthpiece says.

  • SEOUL, Oct 1- South Korean exports in September fell, as expected, after posting the first rise in 20 months in August, as slightly fewer working days and a strike at the biggest automaker hit shipments, data showed on Saturday. Exports fell 5.9 percent on-year to $40.86 billion in September while imports slipped 2.3 percent to $33.76 billion, trade ministry data...

  • BEIJING, Sept 30- Millions of Chinese tourists are packing their bags for distant and not-too distant shores for the National Day holiday, with early indicators pointing to a slump in bookings for neighbouring Taiwan and Hong Kong. It is also a peak season for retailers outside China looking to lift their top line. Singapore is luring Chinese shoppers with...

  • *Models sold outside North America not affected by the issue. SEOUL, Sept 29- Samsung Electronics, which is already reeling from a global recall of its Note 7 smartphones, said on Thursday it is in talks with a U.S. watchdog to address potential safety problems related to some of its washing machines. The South Korean tech company's comments came as the U.S. Consumer...

  • Hyundai's labor strike could weigh on South Korean economy

    The prolonged workers' strike is the South Korean automaker's biggest one yet.

  • *OPEC deal can shock emerging markets accustomed to low prices. SINGAPORE/ SEOUL, Sept 29- Oil buyers from China to India remained cautious as they await details of OPEC's agreement to cut production for the first time since 2008 in order to reduce a global oversupply of crude. The group will decide how much each country will produce at the next formal OPEC meeting...

  • SINGAPORE/ SEOUL, Sept 29- Asian crude oil buyers remained cautious, eyeing details of an OPEC deal after the oil-producers group agreed for the first time since 2008 to reduce output in an oversupplied market. However, how much each country will produce is to be decided at the next formal OPEC meeting in November, when an invitation to join cuts could also be...

  • SEOUL, Sept 29- Samsung Electronics, which is already reeling from a global recall of its Note 7 smartphones, said on Thursday it is in talks with a U.S. watchdog to address potential safety problems related to some of its washing machines. The South Korean tech company's comments came as the U.S. Consumer Product Safety Commission warned of problems with some of...

  • Vehicles stand halted on the assembly line at the Hyundai Motor Co. plant during a strike by the company's labor union in Ulsan, South Korea, on Tuesday, Aug. 20, 2013.

    Hyundai Motor is no stranger to worker strikes but the current episode, its biggest ever, is raising alarm bells.

  • NEW YORK— Energy companies powered to big gains Wednesday, leading the broader stock market higher, on reports that OPEC nations were moving closer to an agreement to cut oil production. After stock trading closed, OPEC said it had reached a preliminary deal to reduce production for the first time in eight years. "It just creates a lot of optimism that the worst is...

  • BEIJING— Major Asian stock markets were lower Wednesday after investors were reassured by trade-friendly Hillary Clinton's performance in a U.S. presidential debate with rival Donald Trump. KEEPING SCORE: Tokyo's Nikkei 225 index fell 1.5 percent to 16,426.61 and Hong Kong's Hang Seng lost 0.6 percent to 23,440.18. ANALYST'S TAKE: "The strong performance by...

  • SKorea Strike

    South Korea's corporate earnings have not seen much growth in recent years, while wage growth has been limited, says Kiwoom Securities' Daniel Yoo.

  • US Assistant Secretary of State for East Asian and Pacific Affairs Daniel Russel (L) talks with South Korean Foreign Minister Yun Byung-Se (R).

    The U.S. plans to speed up deployment of the THAAD anti-missile system to South Korea, given the pace of North Korea's missile tests.

  • SEOUL, Sept 27- Samsung Electronics Co said on Tuesday it has got back around 60 percent of recalled Galaxy Note 7 smartphones sold in South Korea, the United States and Europe, suggesting it is making progress in its attempts to recover from the crisis. Samsung hopes to take the faulty products off the market as soon as possible in order to limit further damage to...

  • NEW YORK— U.S. stocks rebounded Tuesday and climbed after a survey showed consumer confidence is at a nine-year high, a sign Americans will keep spending in the months to come. U.S. consumer confidence reached its highest level this month since August 2007, according to the Conference Board. Katie Nixon, chief investment officer for Northern Trust, said it's even...

  • WASHINGTON, Sept 26- The United States said on Monday it had sanctioned a Chinese industrial machinery and equipment wholesaler, a new step in tightening the financial noose around North Korea's nuclear program after its fifth nuclear test this month. It accused the firm of acting on behalf of North Korea's Korea Kwangson Banking Corp, which has been under U.S....

  • SEOUL, Sept 26- South Korean prosecutors asked a court on Monday to approve an arrest warrant for the chairman of the Lotte Group conglomerate on suspicion of embezzlement and breach of trust, a prosecution source with direct knowledge of the matter said. The arrest warrant request comes after Lotte Chairman Shin Dong- bin, 61, was questioned by prosecutors in an...

  • Japanese business men walk along the street in Tokyo, Japan.

    Japan's aggressive monetary easing is reminiscent of Einstein's quip about doing the same thing over and over again and expecting a different result.

  • Kwangson Banking Corp. was ordered closed under U.N. sanctions imposed in March in response to the North's nuclear tests but kept operating in secret in the border city of Dandong, Joongang Daily reported, citing unidentified sources. China's Foreign Ministry and its bank regulator did not respond to requests for comment. Beijing has long been North Korea's...

  • *Singapore court approves discharge of cargo on seized vessel. SEOUL, Sept 23- South Korea's government said cash held by Hanjin Shipping Co Ltd and funds pledged by its parent group should meet the costs of unloading some $14 billion in cargo stranded on vessels operated by the troubled container line. The collapse of South Korea's biggest shipping operator...