×

Asia Top News and Analysis South Korea

  • SEOUL, South Korea— Intel's more than two decade-long reign as the king of the silicon-based semiconductor is poised to end Thursday when South Korea's Samsung Electronics elbows the U.S. manufacturer aside to become the leading maker of computer chips. Samsung said its semiconductor business recorded 8 trillion in operating income on revenue of 17.6...

  • SEOUL, South Korea— The Bank of Korea said Thursday that South Korea's economy grew at a 2.7 percent annual pace during the April-June quarter as gains in capital expenditures and consumer spending offset lower exports. President Moon Jae- in's administration plans $10 billion in stimulus to create jobs and improve the country's social safety nets, to help...

  • SEOUL, South Korea— No leader and scorched Note 7 smartphones? Seemingly invincible Samsung Electronics appears set to log record annual profit this year as exploding use of data in mobile devices and the "memory supercycle" help it surmount the jailing of its de facto leader and sidestep losses from its fire-prone Galaxy Note 7 s. South Korea's largest company...

  • *Q2 op profit 14.1 trln won, tops Q1 as highest-ever. SEOUL, July 27- Samsung Electronics Co Ltd said a memory chip boom that propelled it to record profit in the second quarter is likely to continue in the third, just as revenue is widely expected to benefit from sales of OLED screens to Apple Inc.. Chips were Samsung's top earner in the three months through June, as more...

  • SEOUL, July 27- Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. The company on Thursday also announced its third share buyback of the year, at 1.7 trillion won worth of common shares, as part of the 9.3 trillion won annual...

  • SEOUL, July 27- Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. "Looking ahead to the third quarter, the company expects favourable semiconductor conditions to continue, although overall earnings may slightly decline...

  • SEOUL, South Korea— After a tumultuous year when its chief was jailed and its fire-prone smartphones were recalled and then discontinued, Samsung Electronics has reported record high quarterly earnings thanks to booming demand for memory chips. The record high profit Samsung reported for its semiconductor unit on Thursday likely pushed South Korea's...

  • A Terminal High Altitude Area Defense (THAAD) interceptor is launched from the Pacific Spaceport Complex Alaska during Flight Test THAAD (FTT)-18 in Kodiak, Alaska, July 11, 2017.

    South Korea is in no hurry to set up an advanced missile defense system designed to protect its shores from North Korean aggression.

  • *Political headwinds hit sales in its biggest market, China. SEOUL, July 26- Hyundai Motor posted its smallest quarterly net profit in five years, falling dismally short of estimates, and warned the second half of 2017 would be challenging as political headwinds hit sales in China and slow U.S. demand continues. Slower demand in the United States, the automaker's...

  • An employee inspects a Hyundai Motor Genesis sedan on the production line at the company's plant in Ulsan, South Korea, on Monday, April 24, 2017.

    Hyundai Motor's bleak results stretched into a 14th straight quarter as sales continued to sag in China, its biggest market, and the U.S.

  • SEOUL, South Korea— Hyundai Motor said Wednesday its quarterly profit was halved to its lowest level since 2010 as its auto sales in China and the U.S. plunged as the South Korean automaker paid dearly for lagging in its SUV lineup. Net income for the April-June period was 816.9 billion won, down 51 percent from 1.7 trillion won a year earlier, Hyundai Motor said.

  • *Political headwinds hit sales in its biggest market, China. SEOUL, July 26- Hyundai Motor's bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States. Its weak brand image has also put Hyundai at a disadvantage versus...

  • North Korea's leader Kim Jong Un watches a military drill marking the 85th anniversary of the establishment of the Korean People's Army (KPA).

    North Korea vowed to "strike a merciless blow" to the U.S. as new data showed Moscow is helping to boost the hermit regime.

  • *Q2 operating profit about $720 mln vs $40 mln a year ago. *Also plans to invest in China OLED production. SEOUL, July 25- LG Display Co Ltd outlined plans to invest $13.5 billion to boost output of organic light-emitting diode screens over the next three years, aiming to cement its lead in big panels for TVs and make inroads against rival Samsung in smartphone...

  • *Q2 profit $2.8 bln vs $2.7 bln analysts' estimate. SEOUL, July 25- South Korea's SK Hynix Inc on Tuesday said its DRAM shipments are likely expand around 20 percent next year, in line with market growth, as a demand surge for server chips more than makes up for a slight slowdown in smartphones. "What is important today is not more servers, but servers with higher memory,"...

  • Domestic consumers and businesses have been embracing solar energy at a furious pace- thanks to a big assist from China. Low-cost photovoltaic cells and panels made in China and other Asian countries have helped drive down costs by around 70% since 2010, enabling more Americans to go solar. About 95% of cells and panels sold in the U.S. last year were made abroad,...

  • Investors are excited about corporate governance reforms getting underway in South Korea, says Jim McCafferty of Nomura Securities.

  • SEOUL, South Korea— South Korea's new administration is shifting gears to achieve a fair and labor-friendly economy after decades of growth led by big businesses left many behind in economic prosperity. The plan also calls for improving transparency and governance at South Korea's family-controlled big businesses, or chaebol. South Korea's economic...

  • Buildings stand under construction on Haeundae beach in Busan, South Korea, on Sunday, July 16, 2017.

    South Korea raised its 2017 growth outlook on Tuesday and vowed to maintain an expansionary fiscal policy that would support job creation.

  • In this handout photo released by the South Korean Defense Ministry, U.S. M270 Multiple Launch Rocket System firing an MGM-140 Army Tactical Missile during a U.S. and South Korea joint missile drill aimed to counter North Korea's intercontinental ballistic missile test on July 5, 2017 in East Coast, South Korea.

    South Korea wants to double its ballistic missile firepower to better defend against the threat from nuclear-armed North Korea.