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Asia Top News and Analysis South Korea


  • Singapore's DBS Ends Talks to Buy South Korea's KEB Sunday, 10 Jun 2007 | 11:20 PM ET

    Singapore's DBS Group Holdings, Southeast Asia's largest bank, said on Monday it has ended talks with Lone Star about buying a stake in South Korean lender Korea Exchange Bank.

  • LG.Philips Shares Jump on Stake Sale Talk Friday, 8 Jun 2007 | 12:35 PM ET

    Shares of LG.Philips LCD jumped more than 5% on Friday on market talk that stakeholder Philips could sell 14% of the South Korean flat-screen maker to Japan's Toshiba.

  • South Korea's Export Growth Beats Forecasts Friday, 1 Jun 2007 | 1:08 AM ET

    South Korean exports in May rose at a faster-than-expected pace, data showed on Friday, reinforcing expectations for a pickup in growth in Asia's fourth-largest economy.

  • South Korea Chipmakers Rally on DRAM Rebound Talk Friday, 1 Jun 2007 | 12:57 AM ET

    South Korean chip makers rallied on Friday, with Samsung Electronics up as much as 4.5%, on market talk spot prices for DRAM memory chips had rebounded, sparking speculation prices may have bottomed.

  • Universal Studios to Open South Korean Theme Park Monday, 21 May 2007 | 9:53 PM ET

    Universal Studios said on Tuesday it has agreed to open its latest Asian theme park in South Korea by 2012, seeking to expand in Asia's burgeoning theme park industry.

  • Fund manager Franklin Templeton is opening five new funds in South Korea later this month which will be registered in the country, accept won investments and hold overseas assets, country head Andrew Ashton told Reuters.

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    The world's largest wigmaker, Aderans, is in Japan. But now the rug is being pulled out from under the domestic toupee market, as more Japanese men reportedly "bare all" up top. Aderans is so afraid of a hostile takeover it's seeking a sort of "poison pill" defense, an effort being fought by its largest shareholder, American investment fund Steel Partners. Steel Partners says the plan isn't good for growth, and a hairy shareholder vote is looming.

  • Paramount to Build $1 Billion Theme Park in South Korea Thursday, 10 May 2007 | 12:56 AM ET

    Viacom's Paramount Pictures will build a $1 billion entertainment theme park in South Korea jointly with Daewoo Motor Sales, Daewoo said on Thursday.

  • Goldman Sachs said on Monday it has agreed to acquire a South Korean asset management firm, majority owned by Australia's Macquarie Bank, marking its first entry into the country's retail fund business.

  • South Korea, EU Enter Free-Trade Talks Sunday, 6 May 2007 | 12:14 PM ET

    Bilateral free trade agreements do not contradict efforts to forge a multilateral deal under the World Trade Organization but instead help fill key gaps, the European Union trade chief said Sunday in announcing the start of two-way negotiations with South Korea.

  • South Korea's First-Quarter GDP Matches Forecasts Tuesday, 24 Apr 2007 | 8:38 PM ET

    Strong domestic demand helped South Korea's economy grow 4% on year in the first quarter, steady from the annual growth rate set in the fourth quarter of 2006, meeting analysts expectations.

  • Shares of SK Corp., South Korea's biggest refiner, surged to a record high on Thursday as its plan to restructure into a holding company is expected to increase transparency in theconglomerate.

  • South Korea Trade Deal Gets Mixed Response in U.S. Tuesday, 3 Apr 2007 | 9:41 AM ET

    A major trade deal between the U.S. and South Korea received a mixed response as some business leaders and politicians complained it fell short on boosting U.S. auto and agriculture exports. 

  • U.S. Trade Rep Touts Beefy South Korea Deal Monday, 2 Apr 2007 | 5:05 PM ET

    "Nineteen minutes to spare": A dramatic last-minute victory united America and South Korea Monday, as the two countries arrived at a historic economic agreement. Ambassador Susan Schwab, U.S. trade representative, joined CNBC's Erin Burnett to describe the "ambitious outcome."

  • With just minutes to spare on Monday, the United States and South Korea agreed the biggest U.S. trade pact for 15 years, officials said.

  • DBS May Form Group to buy Korea Exchange Bank Tuesday, 27 Mar 2007 | 11:18 PM ET

    DBS Group Holdings, Southeast Asia's largest lender, is contacting investors to form a multinational consortium to buy Korea Exchange Bank from U.S. fund Lone Star, the Chosun Ilbo reported on Wednesday, citing unnamed sources.

  • South Korea's current account swung to the second-biggest surplus in 16 months in February from a deficit in January, central bank data showed on Wednesday, providing a potential boost to the won.

  • ADB Sees Asian 2007 Growth Easing After 2006 Peak Monday, 26 Mar 2007 | 11:49 PM ET

    Growth in Asia's developing economies should ease to 7.6% in 2007 from last year's 11-year peak as expansion in industrialized nations slows, the Asian Development Bank (ADB) said on Tuesday.

  • POSCO Denies Report Arcelor Mittal Eyeing Bid Thursday, 15 Mar 2007 | 9:42 PM ET

    Arcelor Mittal, the world's biggest steel maker, could be interested in making a hostile takeover of South Korean steel maker POSCO, the Korea Economic Daily said on Friday.

  • Korea Exchange Bank  fell as much as 4.4% during the intraday session on Tuesday, on worry regulators will review their approval of the lender's sale to Lone Star, but losses were pared on expectations a probe would be unlikely to strip the U.S. fund of its stake.