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Asia Top News and Analysis South Korea

  • *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...

  • SEOUL, March 23- South Korea's central bank governor said on Thursday the fresh bailout plan for Daewoo Shipbuilding& Marine Engineering Co Ltd was "inevitable" when considering the consequences of letting the company go under. "There are many varying opinions, but when we look at the economic loss that could occur as a result of the company going bankrupt, there is...

  • *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. Without the infusion of funds, Daewoo is not expected to be able...

  • *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. Without the infusion of funds, Daewoo is not expected to be able...

  • SEOUL, South Korea— South Korea announced Thursday a fresh capital injection for Daewoo Shipbuilding& Marine Engineering Co., seeking to prevent the world's second-largest shipbuilder from defaulting on its debts. The injection of 2.9 trillion won will prevent Daewoo from going bankrupt when some of its debt matures next month, which could have had a...

  • Japanese stocks fell on Wednesday, weighed by the stronger yen and following an apparent North Korea missile test that reports said failed.

  • North Korean leader Kim Jong Un

    North Korea reportedly attempted to conduct a missile launch on Wednesday.

  • Potential sea change for South Korea

    Rodger Baker of Stratfor says if a more leftist government takes office post-election, South Korea's relationship with the U.S. and China will change.

  • A sales assistant watches TV sets broadcasting a news report on North Korea's nuclear test, in Seoul, January 6, 2016.

    An envoy said the country would pursue "acceleration" of its nuclear and missile programs.

  • *Investigation comes amid rising tension with North Korea. SEOUL, March 21- Ousted South Korean president Park Geun-hye apologized to the country on Tuesday as she appeared at prosecutors' offices for questioning as a criminal suspect in a corruption scandal that has gripped the country for months. Park, 65, became South Korea's first democratically elected...

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...

  • LONDON, March 21- Singapore topped the Economist Intelligence Unit's twice-yearly list of the world's most expensive cities. Here is the ranking for the most expensive and cheapest cities:. (Reporting by Jeremy Gaunt, editing by Pritha Sarkar).

  • *Investigation comes amid rising tension with North Korea. SEOUL, March 21- Ousted South Korean president Park Geun-hye apologised to the country on Tuesday as she arrived at prosecutors' offices for questioning as a criminal suspect in a corruption scandal that has gripped the country for months. Park, 65, became South Korea's first democratically elected...

  • *Investigation comes amid rising tension with North Korea. SEOUL, March 21- Ousted South Korean president Park Geun-hye apologized to the country on Tuesday as she arrived at prosecutors' offices for questioning as a criminal suspect in a corruption scandal that has gripped the country for months. Park, 65, became South Korea's first democratically elected...

  • *Oil prices tick up on hopes of extended OPEC- led output curb. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent in its eighth consecutive day of gains with tech-heavy Seoul and Taipei shares hitting two-year highs while Hong Kong's Hang Seng scaled 1-1/ 2- year highs. European shares are expected to open slightly higher, with...

  • *Asia shares hit 15- month high. *Oil prices tick up on hopes of extended OPEC- led output curb. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent to 21- month highs, with tech-heavy Seoul and Taipei shares hitting two-year highs while Hong Kong's Hang Seng scaled 1 1/ 2- year highs.