Asia Top News and Analysis South Korea

  • *Solar panel makers have also filed action in Europe against Chinese manufacturers. WASHINGTON/ LOS ANGELES, Oct 8- The U.S. Commerce Department on Wednesday will announce final duties on billions of dollars of solar panels from China in a high-profile case that has raised fears of further damage to an already fragile industry.

  • WASHINGTON-- In a story Oct. 2, The Associated Press reported that South Korea had set a goal to make all of its textbooks digital by 2015. In June, South Korea modified the plan to exclude some grades and to allow paper textbooks to be used alongside digital books while paper books are phased out.

  • Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald. After a weak session Monday, Wall Street opened slightly lower again, with the Dow Jones Industrial index down 0.1 percent to 13,565.45, and the S&P 500 down 0.1 percent at 1,454.61.

  • SINGAPORE, Oct 9- The Asian naphtha price rebounded to a five-session high of $965 a tonne on Tuesday, with the intermonth premium recovering to reach $12.00 a tonne as demand from South Korea returned.

  • fx_fix_1_200.jpg

    Greece and Spain drive the euro and Japan and South Korea shrink their swap — it's time for your FX Fix.

  • SINGAPORE, Oct 9- Asia's fuel oil cash differentials recovered on Tuesday as low prices helped to stir up buying interest. Cash differential for 180- centistoke fuel oil narrowed more than a dollar to a discount of 40 cents a tonne above Singapore spot quotes, the highest in three sessions.

  • AMSTERDAM-- World stock markets mostly declined Tuesday against a backdrop of worries about global economic growth and Europe's debt crisis. Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald.

  • A day before, the World Bank issued a warning about a slackening expansion in Asia. Britain's FTSE 100 fell more than 0.2 percent to 5,827.72. The picture was not as bleak in Asia, where stock market performance was mixed.

  • HONG KONG, Oct 9- State-run Korea Deposit Insurance Corp launched on Tuesday an up to $235 million shares selldown in Korea Electric Power Corp, a source with direct knowledge of the plan said.

  • *Japan's hefty holding of overseas assets offsets weak exports. TOKYO, Oct 9- Japan's current account surplus unexpectedly rose i n August from a year earlier due to an increase in earnings on overseas investments, but a faltering Chinese economy and Europe's debt crisis still cloud the export outlook.

  • *Won demand from SK Telecom stock sale expected in coming days. up in domestic trade Tuesday in thin trade, tracking the euro's modest rise as investors expected some dollar-selling from foreigners who took part in SK Telecom Co.' s.

  • SEOUL, Oct 9- South Korean stocks pared early gains to close slightly lower on Tuesday, with the benchmark index weighed down by heavyweights such as Samsung Electronics.

  • SEOUL, Oct 9- South Korean stocks ended slightly lower on Tuesday, with the benchmark index weighed down by heavyweights such as Samsung Electronics and Hyundai Motor. The Korea Composite Stock Price Index finished down 0.14 percent at 1,979.04 points, trimming gains earlier in the day. The index also closed lower on Monday.

  • *Seoul cites market stability, increased soundness. TOKYO/ SEOUL, Oct 9- Japan and South Korea will not renew a $57 billion currency swap facility designed to protect their economies against financial crisis, a decision they said was not related to a territorial dispute that has cast a chill over ties between the neighbours.

  • *Steelmakers consortium still interested in Arrium. SYDNEY, Oct 9- Australia's Arrium Ltd sold its 50.3 percent stake in New Zealand's Steel and Tube Holdings Ltd for NZ $91.2 million, shoring up its defence against a takeover by a consortium including Noble Group Ltd and South Korea's POSCO.

  • SEOUL, Oct 9- Following are key remarks from Bank of Korea Governor Kim Choong-soo at a parliamentary auditing session on Tuesday, translated by Reuters:. ON EXPIRATION OF CURRENCY SWAP EXTENSION WITH JAPAN:. "South Korea did not suggest to end the currency swap extension nor did we offer to extend it."

  • MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday, with miners boosted by a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.

  • HONG KONG, Oct 9- Hong Kong- based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia- focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.

  • Psy

    Psy, a portly 34-year-old rapper with a penchant for silly dances, brought central Seoul to a standstill last week as he gave a free concert for 80,000 adoring fans, including two renditions of his global hit “Gangnam Style.” The FT reports.

  • DHAKA, Oct 9- Luxury leather goods sold across the world are produced in a slum area of Bangladesh's capital where workers, including children, are exposed to hazardous chemicals and often injured in horrific accidents, according to a study released on Tuesday.