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  • TOKYO, July 29- Japan is upgrading its Patriot PAC-3 missile defence system in time for the 2020 Tokyo Olympic Games, adding range and accuracy needed to intercept more advanced North Korean ballistic missiles, four sources with knowledge of the plan said. The move represents the most significant upgrade to Japan's missile defence system in a decade and is part...

  • SEOUL, South Korea— LG Electronics Inc. said Thursday its second-quarter net income jumped 19 percent thanks to strong sales of high-end TVs and home appliances that outweighed another quarterly loss in its handset business. Its April-June earnings came in at 268.51 billion won, on sales of 14 trillion won. LG said its TV and home appliance divisions reported...

  • SEOUL, South Korea— Samsung Electronics Co. reported Thursday forecast-beating earnings results that were the best in two years as consumers snapped up its Galaxy smartphones, in a sign the company is getting its mojo back while rivals fail to deliver new smartphones. Samsung, the world's largest smartphone maker, said its April-June net income rose 2 percent...

  • SEOUL, South Korea— South Korean prosecutors said Wednesday that they have started investigating allegations that ailing Samsung Group chairman Lee Kun- hee bought sex from prostitutes several times between 2011 and 2013.. It also reported that the creators of the videos likely tried to use them to blackmail Lee or the Samsung Group before they were leaked to...

  • KEEPING SCORE: Japan's Nikkei 225 rose 1.7 percent to 16,664.82 and Australia's S&P/ASX200 was down less than 0.1 percent at 5,537.20. Hong Kong's Hang Seng index gave up early gains, falling 0.2 percent to 22,085.99 and South Korea's Kospi fell 0.1 percent to 2,025.05. Stocks in mainland China also fell but shares in Taiwan, Singapore and Indonesia were...

  • SEOUL, South Korea— LG Display Co., a supplier of Apple's iPhone screens, said Wednesday that it will invest 1.99 trillion won to produce flexible displays for smartphones, in a sign that more high-end smartphone makers may adopt flexible screens in the near future. The South Korean company said mass production of flexible displays will start in late 2018, at a...

  • WEDNESDAY, JULY 27 TBILISI- National Bank of Georgia monetary policy committee meeting. POLOKWANE, South Africa- South African central bank deputy governor Daniel Mminele speaks at a business breakfast event in the city of Polokwane- 0700 GMT. THURSDAY, JULY 28 KIEV- National Bank of Ukraine monetary policy meeting- 0700 GMT.

  • *Hyundai reliant on sedans as U.S. consumers pivot to SUVs. SEOUL, July 27- At last February's Super Bowl, Hyundai Motor hired' X-Men' movie star Ryan Reynolds for an ad plugging the new version of its Elantra sedan. At the Elantra's peak, more than one car in every 20 sold in America was a Hyundai, cementing the firm's place as the world's fifth-biggest automaker...

  • SEOUL, South Korea— Hyundai Motor Co. has reported a tenth straight quarterly profit decline due to weak demand for passenger sedans and higher marketing expenses for its luxury brand, despite improved China sales. Hyundai also spent more on marketing to promote its luxury brand Genesis ahead of new vehicle launches in the U.S. Passenger sedans have been...

  • BEIJING— Chinese stocks gained Tuesday but other Asian markets fell after Wall Street declined on losses for energy stocks. Tokyo's Nikkei 225 dropped 1.5 percent to 16,364.51 and Sydney's S&P-ASX 200 shed 0.3 percent to 5,517.20. Benchmarks in Seoul and New Zealand gained while Indonesia, Singapore and Thailand retreated.

  • SEOUL, South Korea— South Korea's economic growth improved in the second quarter of the year, helped by stronger private spending and housing construction. Bank of Korea said Tuesday that Asia's fourth-largest economy expanded at an annual pace of 3.2 percent during the April-June period, the fastest clip in seven quarters. Restructuring of South Korea's...

  • South Korea's economy grew 0.7 percent in April-June over the previous quarter, as domestic consumption and capex improved.

  • Paramount's latest outing with the Starship Enterprise soared to $59.6 million in domestic ticket sales, according to studio estimates Sunday, knocking Universal's "The Secret Life of Pets" from the No. 1 spot. "Pets" fell to second place, adding an additional $29.3 million to its stellar $260 million earnings over the past three weeks. This latest film opened $20...

  • SEOUL, South Korea— South Korea's central bank said North Korea's economy shrank 1.1 percent last year, in its first contraction in five years. Since Kim Jong Un took power following the death of his father in late 2011, North Korea's economy has averaged about 1 percent growth annually. The South Korean central bank estimates North Korea's economic growth...

  • SEOUL/ HONG KONG, July 22- Tech giant Samsung Electronics Co Ltd said on Friday it sued Huawei Technologies Co Ltd for patent infringements through multiple courts in China, escalating a legal conflict between the smartphone rivals. The South Korean firm sued Huawei in a Beijing court about two weeks ago for allegedly infringing six of its patents, a spokeswoman...

  • SEOUL, South Korea— Samsung Electronics Co. sued Chinese smartphone maker Huawei for allegedly violating six of its patents in the latest move in a series of deepening patent disputes between Asian smartphone giants. South Korea's Yonhap News said Samsung sued Huawei in Beijing for infringing on patents for smartphones worth 80.05 million yuan.

  • LVMH CLIO

    L Capital Asia's Ravi Thakran and Clio's Hyun-Oak Han discuss why L Capital bought a minority stake in the South Korean cosmetics maker for $50 million.

  • BEIJING, July 21- Samsung Electronics is to pay 3 billion yuan for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd, the Chinese company said in a stock exchange filing on Thursday. Samsung Electronics said last week it was in talks to acquire a stake in BYD to boost its automotive chip business, after the Korea Economic Daily first reported...

  • SEOUL, July 21- South Korea's antitrust regulator inspected Google's Seoul headquarters to investigate whether the firm is engaged in anticompetitive behaviour over its Android operating system, Yonhap News Agency reported on Thursday. Yonhap, citing unnamed sources, said the Korea Fair Trade Commission made the inspection last week and was probing...

  • SEOUL, July 21- South Korea's antitrust regulator inspected Google's Seoul headquarters to investigate whether the firm is engaged in anticompetitive behavior over its Android operating system, Yonhap News Agency reported on Thursday. Yonhap, citing unnamed sources, said the Korea Fair Trade Commission made the inspection last week and was probing...