Business News Seoul

  • U.S. President Donald Trump (2-R)  walks with Kim Yong Chol, former North Korean military intelligence chief and one of leader Kim Jong Un's closest aides, on the South Lawn of the White House on June 1, 2018 in Washington, DC.

    Three North Korean officials, including the top envoy involved in talks with the United States, are booked on a flight to Washington, Yonhap news agency reported on Wednesday, suggesting a possible breakthrough in denuclearization talks.

  • *JP Morgan earnings miss scuffs Wall Street futures. LONDON, Jan 15- Spluttering noises from Germany and an earnings miss from banking giant JP Morgan dragged back stocks on Tuesday, while Britain's pound hovered near a two-month high ahead of a crucial parliamentary vote on Brexit. Most European markets started in good spirits after attempts by Washington and...

  • LONDON, Jan 15- Chinese stimulus hopes lifted world stocks on Tuesday, while Britain's pound huddled near a two-month high as the UK's parliament readied for a "meaningful" vote on Prime Minister Theresa May's unpopular Brexit plans. Most European markets were in buoyant form early on feeding off attempts by Washington and Beijing to downplay the risks...

  • TOKYO, Jan 4- Japanese Foreign Minister Taro Kono said on Friday he told his South Korean counterpart he wants Seoul to make a firm response in line with international law on South Korea's claim against a Japanese company over wartime forced labour. Kono spoke with South Korean Foreign Minister Kang Kyung- wha by phone on Friday. South Korean plaintiffs in a World...

  • TOKYO, Jan 4- Japanese Foreign Minister Taro Kono said on Friday he told his South Korean counterpart he wants Seoul to make a firm response in line with international law on South Korea's claim against a Japanese company over wartime forced labor. Kono spoke with South Korean Foreign Minister Kang Kyung- wha by phone on Friday. South Korean plaintiffs in a World...

  • *Hyundai heir gives first New Year speech. SEOUL, Jan 2- South Korea's Hyundai Motor Group flagged another year of tepid car sales growth on the back of a slow 2018, saying trade protectionism added uncertainty and major markets such as the United States and China remained sluggish. The complicated succession plans come as Hyundai contends with a bunch of...

  • SEOUL, Jan 2- South Korean plaintiffs in a World War Two forced labour court case against Japan's Nippon Steel& Sumitomo Metal Corp have applied to seize some of Nippon Steel's Korean assets, a South Korean newspaper reported on Wednesday. The application for the asset seizure, if approved by the court in Seoul, could further strain what are already frosty...

  • SEOUL, Jan 2- South Korean plaintiffs in a World War Two forced labor court case against Japan's Nippon Steel& Sumitomo Metal Corp have applied to seize some of Nippon Steel's Korean assets, a South Korean newspaper reported on Wednesday. The application for the asset seizure, if approved by the court in Seoul, could further strain what are already frosty...

  • LONDON, Dec 28- Oil prices rebounded on Friday, clawing back some of the ground lost this week, but remained close to their lowest levels in more than a year as rising U.S. inventories and concern over global economic growth kept markets under pressure. Brent crude oil was up $1.20, or 2.3 percent, at $53.36 a barrel by 0830 GMT, having earlier risen more than 3 percent.

  • SEOUL, Dec 28- Oil prices rose by a $1 on Friday to win back some of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure. Brent crude was up $1.01, or 1.94 percent, at $53.17 a barrel at 0740 GMT, having earlier risen as much as 3.1 percent. "For the time being, the stock...

  • Spot prices for February delivery to Asia dropped to $9.10 per million British thermal units, with bids and offers remaining wide apart from $8.70 to $9.50 per mmBtu, industry sources said. The cargoes were for delivery over May 10 to 20, August 10 to 20, November 10 to 20 in 2019 and Feb. 10-20 in 2020 into Port of Gwangyang, South Korea. Meanwhile LNG imports into China,...

  • SEOUL, Dec 28- Oil prices jumped as much as 3 percent on Friday to win back a chunk of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure. Brent crude was up $1.18, or 2.26 percent, at $53.34 a barrel at 0219 GMT, having earlier risen as much as 3.1 percent.

  • LONDON, Dec 27- Oil prices fell more than 1 percent on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil was down 70 cents, or 1.3 percent, at $53.77 a barrel by 0845 GMT. U.S. light crude oil was 50...

  • SINGAPORE, Dec 27- Shipments of liquefied natural gas into Northeast Asia have risen to a record in December, mainly driven by China's continued gasification push, and as the region faces colder-than-usual temperatures this week. LNG imports into China, Japan, South Korea and Taiwan, have climbed to 20.5 million tonnes so far in December, 5 percent higher than the...

  • SEOUL, Dec 27- Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 22 cents, or 0.4 percent, at $54.25 a barrel by 0634 GMT. They rose 8 percent to $54.47 a barrel the day...

  • SEOUL, Dec 27- Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 8 cents, or 0.15 percent, at $54.39 a barrel by 0237 GMT. They rose 8 percent to $54.47 a barrel the day...

  • West Texas Intermediate crude futures, were up 26 cents, or 0.56 percent, at $46.48 per barrel at 0032 GMT. "Oil prices have rebounded following the stock market's move, but they are still low," said Shim Hye-jin, a commodity analyst at Samsung Securities in Seoul. "But if OPEC's cuts are fulfilled, WTI prices are expected to rise to $50- 60 a barrel, while Brent is expected...

  • *OPEC, allies to cut output in 2019. LONDON, Dec 26- Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an OPEC- led effort to tighten supply. "OPEC has shown it wants a higher prices and is working towards that goal.

  • SEOUL, Dec 24- Oil prices rose more than 1 percent on Monday on signs that the recent price plunge may start crimping supply from the U.S., currently the world's biggest oil producer, though concerns about global economy continues to weigh. International benchmark Brent crude futures rose 60 cents, or 1.1 percent, to $54.42 a barrel at 0408 GMT.

  • *Hyundai plans to invest around $880 mln in Indonesia- minister. The minister noted the plan was to export 53 percent of the cars manufactured in the proposed Hyundai plant, mostly to Southeast Asia and Australia, while the remaining 47 percent would be for the domestic market. Hyundai said in a statement on Friday that it was "considering various ways to expand" in...