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Asia Top News and Analysis South Korea

  • SEOUL, March 27- Hyundai Motor has suspended production at a fourth China factory for one week starting March 24, online media ChosunBiz reported on Sunday, fueling worries about the impact of South Korea's political tension with China on sales in the automaker's top market. Online media ChosunBiz reported on Sunday that Hyundai Motor's China joint venture...

  • A butcher works at a public market on March 20, 2017 in Sao Paulo, Brazil.

    China lifted its import ban following a Brazilian investigation into health inspector corruption.

  • CARACAS, March 24- A Venezuelan auto assembly plant, MMC, hopes to restart output of Hyundai Motor Co vehicles by 2018 after a five-year halt due to a lack of dollars from the government to import parts, a company executive said in an interview. MMC, which assembles and sells Hyundai and Mitsubishi Motors Corp vehicles in Venezuela, plans to sell imported autos in the...

  • The report by New York- based Transparentem, released to The Associated Press on Friday, didn't say leather from the tanneries ends up in American and European companies' products, only that the manufacturers of some of those goods receive it. Some companies say they're certain the leather used to make their products was imported from outside Bangladesh, and the...

  • The South Korean electronics giant drew a massive crowd – and even a roof-top protest – at the launch of its two new tablets.

  • *Samsung Group chief's arrest complicates structure review. Investors had expected the global leader in smartphones and memory chips to adopt a holding company structure, as the founding Lee family tries to solidify its control of the Samsung Group flagship. The South Korean tech giant used the general meeting to give investors a sense of how it is...

  • Samsung drags it feet on restructuring

    Samsung is unlikely to adopt a holding company structure as this would undermine the Lee family's control, warns Nomura's Michael Na.

  • Samsung restructuring needs to happen: Expert

    The firm may take a while to restructure amid the trial of its executive Jay Y. Lee, says Troy Stangarone of the Korea Economic Institute.

  • SINGAPORE/ SEOUL, March 24- A little-known South Korean group is in advanced talks to acquire a stake in AirAsia Bhd's aircraft leasing unit, according to three people familiar with the matter. Two of the people said a deal would value AirAsia's fully-owned unit, Asia Aviation Capital, at roughly $900 million. A successful deal would mark South Korea's biggest...

  • Finance Minister Yoo Il-ho said South Korea won't be branded as a currency manipulator under current criteria but this could change.

  • Is South Korea a currency manipulator?

    Seoul intervenes in its currency markets does not mean it deserves the label of currency manipulator, warns Sean Callow of Westpac Bank.

  • SEOUL, South Korea— Shareholders of Samsung Electronics are praising the company for big gains in its share price while lamenting its involvement in a massive political scandal that brought the arrest of the company's de facto leader. Kwon Oh- hyun, Samsung's chief executive, told an annual shareholders meeting Friday that the scandal was regrettable, but that...

  • SEOUL/ PARIS, March 24- South Korea's KEPCO, the likeliest suitor for Toshiba Corp's troubled nuclear business, is holding off from making an approach because of question marks over the scale of damage at the unit and political uncertainty in both South Korea and the United States, people with direct knowledge of the matter say. State-controlled Korea Electric...

  • *Samsung Group chief arrested, indicted on bribery, other charges. Investors had expected the global leader in smartphones and memory chips to adopt a holding company structure, as the founding Lee family tries to solidify its control of the Samsung Group flagship ahead of a leadership succession. But Chief Executive Kwon Oh- hyun told the annual shareholder...

  • SEOUL, March 24- Samsung Electronics Co Ltd said on Friday it will be difficult to adopt a holding company structure at this time, giving investors their first insight into how the South Korean tech giant is approaching a potential restructuring. Investors have long speculated that the global leader in smartphones and memory chips will adopt a holding company...

  • SEOUL/ PARIS, March 24- South Korea's KEPCO, the likeliest suitor for Toshiba Corp's troubled nuclear business, is holding off from making an approach because of question marks over the scale of damage at the unit and political uncertainty in both South Korea and the United States, people with direct knowledge of the matter say. State-controlled Korea Electric...

  • SEOUL/ TOKYO/ MILAN, March 23- The world's biggest liquefied natural gas buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National...

  • SEOUL/ HONG KONG, March 23- Major fast-food chains in South Korea and Hong Kong have pulled chicken, beef and pork off their menus as they scramble to reassure customers about food safety as Brazil's meat scandal crisis intensifies. China and Hong Kong are the top two importers of Brazilian meats, last year buying nearly one-third of the $14 billion worth of meat...

  • *S.Korea' s KOGAS, Japan's Jera, China's CNOOC sign MOU. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National Offshore Oil Corp to exchange information and "cooperate in the joint procurement of LNG." The unusual alliance of three buyers across three countries will pressure exporters like...

  • *State banks prepare 2.9 trillion won bailout plan for Daewoo. SEOUL, March 23- South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding& Marine Engineering Co Ltd, which has built up huge losses from offshore projects and risks missing debt repayments. Daewoo, Hyundai Heavy Industries and Samsung Heavy...