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Asia Top News and Analysis South Korea

  • SEOUL, June 23- Korea Gas Corp will early next month receive its first liquefied natural gas cargo under a long-term supply deal with U.S. exporter Cheniere Energy, two sources at the South Korean company said on Friday. The 74,000- tonne LNG cargo was loaded from Cheniere's Sabine Pass export terminal in Louisiana and is scheduled to arrive at the port of...

  • Choi Soon-Sil, friend of former South Korean President Park Geun-Hye, pictured at her first trial at the Seoul Central District Court on January 5, 2017 in Seoul, South Korea.

    Choi Soon-sil, friend of former South Korean leader Park Geun-hye, has been sentenced to three years in jail.

  • Hacking hacker cyber security

    A hacker group in South Korea warned the country’s biggest lenders to pay ransom or face attack, Financial Times reports.

  • TOKYO, June 22- A hastily-assembled group of investors looks set to win the bid for Toshiba Corp's prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment. After a fiercely contested, months-long auction, Toshiba on Wednesday said a consortium of...

  • North Korean Leader Kim Jong Un observes a target-striking contest by the Korean People's Army (KPA) in this undated photo, released by North Korea's Korean Central News Agency (KCNA), April 13, 2017.

    A North Korean diplomat on Wednesday raised the possibility of the hermit regime holding talks with the United States.

  • President Donald Trump (L) and China's President Xi Jinping walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, April 7, 2017.

    Chinese efforts to persuade North Korea to rein in its nuclear program have failed, President Donald Trump said.

  • *S.Korea, Taiwan among markets with biggest weighting cut. *Taiwan plans new index with S. Korea, encouraging more listings. South Korea and Taiwan are likely to be among markets with the biggest declines in their weightings on the MSCI Emerging Markets index as a result of the change, according to Reuters calculations based on MSCI data.

  • *S.Korea, Taiwan among markets with biggest weighting cut. *Taiwan plans new index with S. Korea, encouraging more listings. South Korea and Taiwan are likely to be among markets with the biggest declines in their weightings on the MSCI Emerging Markets index as a result of the change, according to Reuters calculations based on MSCI data.

  • *Consortium includes Japan state-backed fund, Bain. TOKYO, June 21- Toshiba Corp has chosen a consortium of Japanese government investors and Bain Capital as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses. That appeared to be somewhat less than a 2.2 trillion yen...

  • KEEPING SCORE: Britain's FTSE 100 fell 0.3 percent to 7,448.72 and France's CAC 40 sank 1 percent to 5,239.08. Japan's Nikkei 225 finished 0.5 percent lower at 20,138.79 and South Korea's Kospi fell 0.5 percent to 2,357.53. Hong Kong's Hang Seng index dropped 0.6 percent to 25,694.58 while China's Shanghai Composite Index advanced 0.5 percent to 3,156.21.

  • North Korean leader Kim Jong Un reacts with members of the Korean People's Army in this undated photo released by North Korea's Korean Central News Agency (KCNA) on May 15, 2017.

    A North Korean drone that crashed near the Demilitarized Zone border is a "grave provocation" that violated the Korean War truce, says the South.

  • Otto Frederick Warmbier, a University of Virginia student who has been detained in North Korea since early January, attends a news conference in Pyongyang, North Korea, in this photo released by Kyodo February 29, 2016.

    What happened to Otto Warmbier baffles experts.

  • *Note 8 to have two rear cameras, larger curved screen- source. *Predecessor Note 7 scrapped in October due to fire-prone batteries. SEOUL, June 20- Tech giant Samsung Electronics Co Ltd plans to hold a launch event in New York City for its next Galaxy Note smartphone in the second half of August, a person familiar with the matter told Reuters on Tuesday.

  • South Korean President Moon Jae-in speaks at the National Assembly on the government budget on June 12, 2017 in Seoul, South Korea.

    In South Korea, a pledge to scrap plans for new reactors marks an overhaul for country’s energy policy, Financial Times reports.

  • SEOUL, South Korea— South Korea, one of the world's largest nuclear electricity producers, will scrap plans to add nuclear power plants, its president said Monday, signaling a shift in decades of reliance on nuclear energy. President Moon Jae- in said South Korea will move away from nuclear energy and will not seek to extend the life of existing plants.

  • SEOUL, South Korea— South Korea, one of the world's largest nuclear electricity producers, will scrap plans to build new nuclear power plants. President Moon Jae- in said Monday that South Korea will move away from the nuclear energy and will not seek to extend the life of existing nuclear plants. Last year a third of electricity in South Korea was produced from...

  • *China- backed development bank marks 18 months of operation. JEJU, South Korea June 18- Leaders of the China-backed Asian Infrastructure Investment Bank touted its growing membership and commitment to sustainable development at its annual meeting, even as environmental groups were disappointed by its openness to investing in coal projects.

  • SEOUL, South Korea— China and South Korea put aside hard feelings over Beijing's objections to a U.S. anti-missile system to join an annual meeting Friday on the South Korean island of Jeju of a China- backed Asian lending bank. South Korea and the U.S. say the system is needed to deter a possible North Korean attack but Beijing sees it as a threat to its own security...

  • MOSCOW Central Bank of Russia interest rate decision. MONDAY, JUNE 19 CANBERRA- Reserve Bank of Australia Governor Philip Lowe takes part in panel discussion at the 2017 Crawford Australian Leadership Forum in Canberra. SYDNEY- Reserve Bank of Australia to release minutes of June monetary policy meeting- 0130 GMT.

  • Secretary of Defense Minister James Mattis.

    A North Korea war would be "catastrophic" but the U.S. would ultimately prevail, the US Defense secretary told Congress Thursday.