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Asia Top News and Analysis South Korea

  • *Moon yet to spell out reform agenda. * "Chaebol sniper" named head of regulatory agency. SEOUL, May 21- A South Korean retail giant has shelved controversial expansion plans, while a large bank made hundreds of contract jobs permanent after President Moon Jae- in took office vowing to reform the family-run conglomerates that dominate the economy.

  • *Hyundai says it will cooperate sincerely with probe. On Saturday, a Hyundai spokesman in Seoul said the company "has conducted recalls in compliance with U.S. regulations and procedure" and will "sincerely" cooperate with the probe. Kim Gwang- ho, then an engineer at Hyundai, flew to Washington in August 2016 to tell NHTSA the company was not taking enough action to...

  • SEOUL/ WASHINGTON, May 20- U.S. safety regulators have opened a formal investigation into the recall of nearly 1.7 million Hyundai Motor Co and affiliate Kia Motor Corp U.S. vehicles for engine problems, according to filings. Acting after a Korean whistleblower reported concerns to the U.S. auto safety agency last year, the U.S. National Highway Traffic Safety...

  • A North Korean military drill marking the 85th anniversary of the establishment of the Korean People's Army (KPA) is seen in this handout photo made available April 26, 2017.

    "We are going to continue to work the issue," Mattis told a Pentagon news conference.

  • *Broadcom working with Silver Lake, Bain with SK Hynix- sources. TOKYO, May 19- Suitors including private equity firms KKR& Co LP, Bain Capital and U.S. chip maker Broadcom Ltd are lining up for Toshiba Corp's semiconductor business, sources familiar with matter said ahead of a deadline for second-round offers on Friday. Broadcom, which has teamed up with private...

  • TOKYO, May 19- U.S. buyout firm Bain Capital LP plans to bid around 1.5 trillion yen for a majority stake in Toshiba Corp's chip business, people with knowledge of the matter said. The bid will be made in partnership with South Korea's SK Hynix Inc but the chip maker will not take a leading role due to anti-trust concerns, the people said, declining to be identified as...

  • Denarium Bitcoins.

    The digital currency bitcoin jumped to a fresh all-time high Thursday as global investors looked for safe haven trades.

  • North Korean leader Kim Jong Un reacts during the long-range strategic ballistic rocket Hwasong-12 (Mars-12) test launch in this undated photo released by North Korea's Korean Central News Agency (KCNA) on May 15, 2017.

    Pricier smartphones and higher U.S. federal debt are among the key consequences from a potential war against North Korea, according to a Capital Economics.

  • SEOUL, April 12- No matter who is elected as South Korea's new leader next month it is clear that coal and nuclear power generation will likely be scaled back, with most of the candidates laying out plans on Wednesday to address public concerns over pollution and safety. The two leading candidates, liberal front-runner Moon Jae- In and centrist Ahn Cheol- soo, both...

  • South Korea's new President Moon Jae-In

    South Korean President Moon Jae-in said on Wednesday there was a "high possibility" of conflict with North Korea.

  • SEOUL, South Korea— South Korea's new president named a long-time shareholder rights advocate to lead the country's antitrust regulator, as the new administration took a step Wednesday toward reining in big businesses. Kim Sang- jo, an economist who has advocated for shareholder rights and reforming chaebol, the family-controlled big businesses that...

  • President Donald Trump (R) and Japanese Prime Minister Shinzo Abe hold a joint press conference at the White House on February 10, 2017 in Washington, DC.

    Japanese PM Shinzo Abe offered his thoughts on an array of topics, from North Korea to demographic challenges, in an exclusive joint interview.

  • Japanese Prime Minister Shinzo Abe

    Japanese Prime Minister Shinzo Abe said his country would continue pushing for a trans-Pacific trade deal, but he hoped the U.S. would rejoin the pact.

  • Japanese PM Shinzo Abe speaks during a press conference with President Donald Trump at the White House on February 10, 2017 in Washington, DC.

    Japanese Prime Minister Shinzo Abe praised the Trump administration's tough stance on North Korea as he warned of growing threats from the rogue nation on Monday.

  • *Attacks slow to a trickle, some seen in Canada. *Researchers probe links to North Korea. WASHINGTON, May 16- Governments turned their attention to a possible new wave of cyber threats on Tuesday after the group that leaked U.S. hacking tools used to launch the global WannaCry "ransomware" attack warned it would release more malicious code.

  • Kim Gwang-ho speaks as he checks his Hyundai Motors car during an interview with Reuters in Yongin, South Korea, April 19, 2017.

    Critics of South Korea’s corporate culture have pushed for better legal protection for insiders who call out problems or wrongdoing, N.Y. Times reports.

  • Two law enforcement officials say U.S. investigators suspect North Korea may be behind the global "ransomware" attack. The officials spoke to The Associated Press on condition of anonymity because they aren't authorized to speak publicly about an ongoing investigation. Code used in the "WannaCry" attack is similar to that used in prior attacks linked to North...

  • SEOUL, South Korea— Cybersecurity experts are pointing to circumstantial evidence that North Korea may be behind the global "ransomware" attack: the way the hackers took hostage computers and servers across the world was similar to previous cyberattacks attributed to North Korea. Choi is one of a number of researchers around the world who have suggested a...

  • Researchers see "WannaCry" links to North Korea. SEOUL/ WASHINGTON May 16- Cybersecurity researchers have found evidence they say could link North Korea with the WannaCry cyber attack that has infected more than 300,000 computers worldwide as global authorities scrambled to prevent hackers from spreading new versions of the virus. A researcher from South...

  • KEEPING SCORE: London's FTSE 100 rose 0.3 percent to 7,476.65 and Germany's DAX was unchanged at 12,811.81. On Monday, the DAX and FTSE 100 rose 0.3 percent while the CAC-40 gained 0.2 percent. Benchmarks in Thailand, Malaysia and the Philippines gained while New Zealand, Taiwan and Singapore declined.