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Asia Top News and Analysis South Korea

  • North Korea's leader Kim Jong Un is seen during the inspection of a potato flour factory in this undated photo released by North Korea's Korean Central News Agency (KCNA) in Pyongyang December 6, 2017.

    Researchers said that North Korea is attempting to acquire cryptocurrency to ease the pressure of financial sanctions.

  • A screen shows the prices of bitcoin at a virtual currency exchange store in Seoul, South Korea.

    Veterans of the young market say restrictions would be relatively easy to circumvent.

  • An investor visits a virtual currency exchange store in Seoul, South Korea.

    Choi Jong-ku, chief of the country's Financial Services Commission, announced the news on Thursday.

  • *Threat of ban in South Korea has shaken cryptocurrency market. SEOUL/ HONG KONG, Jan 18- Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent. China's shutdown of local exchanges in September, for instance,...

  • SEOUL, Jan 18- South Korean policymakers joined the global chorus of virtual-coin critics on Thursday, saying Seoul is considering shutting down domestic virtual currency exchanges as the new breed of market exposes users to speculative frenzy and crime. The country's tough stance comes as policymakers from the United States to Germany struggle to come up...

  • *All 17 economists saw BOK to keep rates unchanged on Jan 18. SEOUL, Jan 18- South Korea's central bank kept interest rates unchanged on Thursday, as expected, and upgraded its 2018 growth forecast but flagged concerns about economic uncertainties and soft inflation, which remain hurdles to policy tightening this year. The Bank of Korea's monetary policy board...

  • The Bank of Korea held rates steady at 1.5 percent on Thursday. Manpreet Gill of Standard Chartered Private Bank weighs in on central bank's rate hike path.

  • LONDON/ TOKYO, Jan 17- Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation. Bitcoin, despite some stabilization in late U.S. trading, was half its record peak of almost $20,000 set on the Luxembourg-...

  • North Korea, South Korea to march together at Olympics

    NBC’s Hans Nichols reports on North and South Korea to march together at the Olympics and what it could mean for tensions between the two sides.

  • LONDON/ TOKYO, Jan 17- Bitcoin skidded below $10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year. The price of bitcoin, the world's biggest and best known cryptocurrency, fell to as low as $9,500 on the Luxembourg- based Bitstamp exchange,...

  • The two Koreas agreed to form a combined women's ice hockey team to take part in next month's Winter Olympics in the South.

  • LONDON/ TOKYO, Jan 17- Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year. The price of bitcoin, the world's biggest and best known cryptocurrency, fell to as low as $10,0000 on the Luxembourg-...

  • In North Korea, where winter temperatures are frigid and which cannot produce enough cotton or wool for clothing, the synthetic fiber developed after nylon was glorified as a revolutionary invention. Known outside North Korea as vinylon, it was christened "vinalon" by founder Kim Il Sung. It's a story which reveals much about the history of North Korea.

  • TOKYO/ LONDON, Jan 17- Bitcoin skidded more than 11 percent on Wednesday, extending a precipitous downturn in fortunes with investors spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world's biggest and best known cryptocurrency fell to as low as $10,065 on the Luxembourg- based Bitstamp...

  • BEIJING— Politics weighs more heavily on foreign companies in China than it has in nearly three decades. Last year, Beijing destroyed South Korean retailer Lotte's business in China after the company sold land to the Seoul government to install an anti-missile system Chinese leaders opposed. "Xi Jinping has taken politics to a heightened level," said James...

  • North Korean soldiers attending a mass rally to celebrate achievement of full nuclear statehood on December 1, 2017.

    The 20 nations that attended the meeting in Vancouver agreed to consider imposing additional unilateral sanctions on Pyongyang.

  • Why North Korea sanctions need to be 'increased to the maximum'

    Sanctions against the North are needed as bargaining chips in Korean Peninsula negotiations, says Byoung-Joo Kim, professor at Hankuk University of Foreign Studies.

  • More pressure on North Korea ahead?

    John Park of the Harvard Kennedy School weighs in on recent multilateral talks on North Korea in Vancouver, Canada, which excluded Chinese participation.

  • Losses by industrial and technology companies helped pull U.S. stocks lower Tuesday, pulling the market back from its latest record highs. The slide erased some of the gains from a broad rally earlier in the day that had sent the Dow Jones industrial average past the 26,000- point threshold for the first time. "We've come perhaps a little bit too far, too fast," said...

  • A screen shows the prices of bitcoin at a virtual currency exchange store in Seoul, South Korea.

    A petition in South Korea against cryptocurrency regulation has reached the number of signatures that would induce a government response.