Business News Seoul

  • MONTREAL/ SYDNEY/ WASHINGTON Jan 21- Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended pilots be trained in one of the few simulators replicating the latest model. On Jan. 7, the company had recommended using a simulator but did not specify what type.

  • SEOUL, Jan 21- South Korean budget airline T'way Air has postponed Tuesday's scheduled launch of a new route to the Chinese city of Wuhan because of rising concern over the spread of a new coronavirus, a company official said. On Monday South Korea reported its first confirmed case of the virus from a 35- year-old Chinese national who flew from Wuhan to Seoul on...

  • SEOUL, Jan 19- Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea's No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. Due to its deep links to Japan, Lotte has sometimes faced a public backlash in South Korea, leading to a boycott of its...

  • *China 2019, Q4 GDP growth in line with expectations. SHANGHAI, Jan 17- Asian shares rose on Friday after data in China showed pressure on the world's biggest economy may be starting to diminish. China's economy grew 6.0% in the fourth quarter of 2019 from a year earlier, and 2019 growth of 6.1% was the slowest in 29 years, held back by anemic domestic demand and the...

  • SEOUL, Jan 13- Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week's scheduled signing of an initial U.S.- China trade deal, which could boost economic growth and demand. Oil prices surged to their highest in almost four months after a U.S. drone strike killed an Iranian...

  • SEOUL, Jan 13- Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week's scheduled signing of an initial U.S.- China trade deal, which could boost economic growth and demand. Oil prices surged to their highest in almost four months after a U.S. drone strike killed an Iranian...

  • Pepper is a humanoid robot that can entertain and guide passengers at airports.

    Robots are staffing airports around the world and performing such tasks as check-in, security and concierge services.

  • SEOUL, Jan 6- With Samsung Electronics expected to suffer its biggest annual profit drop in at least a decade, investors are counting on an expected uptick in the memory-chip market to cure the tech giant's ills this year. When it issues preliminary fourth-quarter results on Jan. 8, the world's top maker of memory chips used in smartphones, laptops and servers is...

  • SEOUL, Jan 6- With Samsung Electronics expected to suffer its biggest annual profit drop in at least a decade, investors are counting on an expected uptick in the memory-chip market to cure the tech giant's ills this year. When it issues preliminary fourth-quarter results on Jan. 8, the world's top maker of memory chips used in smartphones, laptops and servers is...

  • LONDON, Jan 2- Oil prices rose to begin the new year on Thursday buoyed by signs of improving trade relations between the United States and China which eased demand concerns and rising tensions in the Middle East. Brent crude futures rose 25 cents to $66.25 a barrel by 0958 GMT, while U.S. Angry at the air strikes, protesters stormed the U.S. Embassy in Baghdad on...

  • SEOUL, Jan 2- If North Korea returns to long-range missile launches or other weapons tests in 2020, its military could make valuable technical advances and gain experience alongside whatever political message is sent to Washington. After years of development, the weapons programs of North Korea are now advanced enough that it is hard to predict what it might...

  • *MSCI Asia ex- Japan +0.43%. *China blue chips jump after PBOC announces RRR cut. Investors also cheered news that the United States and China will sign a trade pact soon after months of volatile negotiations between the world's two largest economies.

  • *China blue-chips jump after PBOC announces RRR cut. Investors also cheered news that the United States and China will sign a trade pact soon after a year of volatile negotiations between the world's two largest economies. President Donald Trump said on Tuesday that Phase 1 of trade deal with China would be signed on Jan. 15 at the White House, though uncertainty...

  • *China, Japan, S.Korea to hold trilateral summit on Tuesday. BEIJING, Dec 23- It is "more important than anything" to keep up the momentum for talks between the United States and North Korea, South Korean President Moon Jae- in told Chinese President Xi Jinping in Beijing on Monday. North Korea has set a year-end deadline for the United States to change what it says is a...

  • BEIJING, Dec 23- It is "more important than anything" to keep up the momentum for talks between the United States and North Korea, South Korean President Moon Jae- in told Chinese President Xi Jinping in Beijing on Monday. "China and South Korea should gather strength to help North Korea and the United States sustain the momentum for dialogue," she cited Xi as saying.

  • BEIJING, Dec 23- Stalled denuclearisation talks and a recent flare-up in tension between the United States and North Korea are not beneficial for Pyongyang, South Korean President Moon Jae- in told Chinese President Xi Jinping in Beijing on Monday. North Korea has set a year-end deadline for the United States to change what it says is a policy of hostility amid a...

  • BEIJING, Dec 23- Stalled denuclearisation talks and a recent flare-up in tension between the United States and North Korea are not beneficial for Pyongyang, South Korean President Moon Jae- in told Chinese President Xi Jinping in Beijing on Monday. North Korea has set a year-end deadline for the United States to change what it says is a policy of hostility amid a...

  • BEIJING, Dec 23- The leaders of Japan and South Korea will meet Chinese President Xi Jinping in Beijing on Monday, amid heightened concern North Korea may be about to return to confrontation with Washington. Though various economic matters will also be on the agenda- as well as tensions between Seoul and Tokyo- North Korea appears likely to dominate the agenda.

  • *Oil prices rise on U.S.- China trade deal hopes. NEW YORK, Dec 17- The dollar rose on Tuesday amid concerns about a hard deadline for Britain to reach a new trade deal with the European Union, while global equity markets edged higher, lifted by a resurgent U.S. housing market that bodes well for the economy. U.S.- China trade optimism and reassuring Chinese economic...

  • LONDON, Dec 17- European stocks skidded off record highs and sterling dropped more than 1% on Thursday, as reports that Britain's prime minister was ready to play rough in Brexit talks brought December's cross-market rally to a halt. U.S.- China trade optimism and reassuring Chinese economic data had driven Asia and emerging market stocks to 18- month highs...