Business News Seoul

  • South Koreans participate in a rally to denounce Japan's new trade restrictions and Japanese Prime Minister Shinzo Abe on August 24, 2019 in Seoul, South Korea.

    South Korea has gone through with plans to drop Japan from a list of countries receiving fast-track approvals in trade in a reaction to a similar move by Tokyo to downgrade Seoul's trade status amid a tense diplomatic row.

  • A pedestrian using his smartphone walks past an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Aug. 30, 2018.

    Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis points.

  • *Refiners in India, N. Asia offered full vols for Oct- sources. NEW DELHI/ SINGAPORE, Sept 17- Saudi Aramco has informed at least six refiners in Asia that it will supply full allocated volumes of crude oil in October following attacks on Saudi oil facilities on the weekend, although at least one has been told of a grade switch partially. Three state-owned refineries in...

  • *iPhone 11 priced at $699, down from $749 XR launch price. HANGZHOU, China/ SEOUL, Sept 11- Apple Inc's new, lower priced iPhone that comes with a faster processor but lacks 5 G technology disappointed Asia, where cheaper and feature-packed handsets from rivals are already available. Lowering the entry price point, a rare move from Apple, was likely an effort to attract...

  • *Seoul says Japan action "politically motivated," "discriminatory". SEOUL, Sept 11- South Korea plans to file a complaint over Japan's tighter export controls at the World Trade Organization on Wednesday, accusing Tokyo of being "politically motivated" and "discriminatory" in an escalating row rooted in wartime history. In July, Japan imposed tighter controls on...

  • SEOUL, Sept 11- South Korea and North Korea have continued to pour resources into modernising their militaries despite a frenzy of diplomacy since 2018, data shows, creating a point of tension that has sharpened as talks have stalled. Military buildups on both sides of the heavily fortified border between the two nations have come to the forefront with recent...

  • Bangkok city view from above, Thailand.

    Bangkok, Singapore, Kuala Lumpur, Tokyo and Seoul have emerged as Asia Pacific's most popular travel destinations, according to a new report from Mastercard.

  • SEOUL, Aug 28- South Korea summoned Japan's ambassador to protest against a decision to remove Seoul's fast-track export status, which took effect on Wednesday amid a deepening political and economic feud. Japan dropped South Korea from a so-called white list of favoured trade partners this month, which could mean more paperwork and on-site inspections for...

  • SEOUL, Aug 28- South Korea summoned Japan's ambassador to protest a decision to remove Seoul's fast-track export status, which took effect on Wednesday amid a deepening political and economic feud. Japan dropped South Korea from a so-called "white list" of favoured trade partners this month, which could mean more paperwork and on-site inspections for some...

  • TOKYO, Aug 23- Japanese stocks rose on Friday, drawing support from a weaker yen, firmer Chinese and U.S. markets, and a jump in domestic defence shares as ties with South Korea sour further. The dollar edged higher versus the yen on Friday on expectations a pivotal speech by Federal Reserve Chairman Jerome Powell later in the day will reinforce that the U.S. central...

  • TOKYO, Aug 23- Japanese stocks rose on Friday, drawing support from a weaker yen, firmer Chinese and U.S. markets, and a jump in domestic defense shares as ties with South Korea sour further. The dollar edged higher versus the yen on Friday on expectations a pivotal speech by Federal Reserve Chairman Jerome Powell later in the day will reinforce that the U.S. central...

  • SEOUL, Aug 23- South Korea will share intelligence with Japan through a three-way channel involving the United States, despite a decision this week to scrap a pact with its neighbour, a senior official of the presidential Blue House said on Friday.

  • TOKYO, Aug 23- Japanese stocks edged higher on Friday, drawing support from U.S. markets, with investors eyeing a speech later in the global day from Federal Reserve Chairman Jerome Powell for any clue on further easing in U.S. interest rates. Shares linked to the defense industry gained on an expected increase in regional tensions after South Korea on Thursday...

  • TOKYO, Aug 23- Japanese stocks edged higher on Friday, drawing support from U.S. markets, with investors eyeing a speech later in the global day from Federal Reserve Chairman Jerome Powell for any clue on further easing in U.S. interest rates. Shares linked to the defence industry gained on an expected increase in regional tensions after South Korea on Thursday...

  • With political tumult in Hong Kong, Italy and Britain adding to the tense backdrop, investors were keenly waiting on a speech by Fed Chairman Jerome Powell later in the day at a gathering of central bankers in Jackson Hole. MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.1% lower, though it was up 0.6% for the week and on track to break a...

  • *S.Korea, Japan in worsening political, economic dispute. SEOUL/ TOKYO, Aug 22- South Korea said on Thursday it will scrap an intelligence-sharing pact with Japan, drawing a swift protest from Tokyo and deepening a decades-old row over history that has hit trade and undercut security cooperation over North Korea. Explaining its decision, South Korea's Kim You-...

  • SEOUL, Aug 22- South Korea said on Thursday it will scrap an intelligence-sharing pact with Japan, a decision that could escalate a dispute over history and trade and undercut security cooperation on North Korea. With the decision not to extend the pact, the political and trade disputes between South Korea and Japan now extend into some of the most sensitive...

  • SEOUL, Aug 22- South Korea said on Thursday it will scrap an intelligence-sharing pact with Japan, a decision that could further escalate a dispute over history and trade and undercut security cooperation on North Korea. With the decision not to extend the pact, the political and trade disputes between South Korea and Japan now extend into some of the most...

  • TOKYO/ SEOUL, Aug 21- Japan and South Korea on Wednesday agreed on the need for dialogue to resolve a feud over compensating Korean wartime workers that has spilled into trade, and put a deep chill on ties between Washington's two biggest Asian allies. The feud has spilled over into trade, after Japan tightened export controls on materials vital to South Korean...

  • TOKYO/ SEOUL, Aug 21- Japan and South Korea on Wednesday agreed on the need for dialog to resolve a feud over compensating Korean wartime workers that has spilled into trade, and put a deep chill on ties between Washington's two biggest Asian allies. The feud has spilled over into trade, after Japan tightened export controls on materials vital to South Korean...