Asia Top News and Analysis South Korea

  • A draft deal between Britain and the European Union on future relations offered some hope for battered markets, though more evidence of pressure on corporate earnings in Europe kept equity investors sidelined. With U.S. markets closed overnight for Thanksgiving and Japan on holiday on Friday, trading activity was relatively muted. The MSCI's broadest index...

  • *U.S. Attorney's Office for SDNY probes Hyundai, Kia- source. *Hyundai shares slide, hit more than 9- year low. Hyundai and Kia, together the world's No.5 automaker, recalled nearly 1.7 million vehicles in 2015 and 2017 in the United States in one of their biggest recalls in the country, citing an engine failure that increases the risk of a crash.

  • *NHTSA says "active" probe under way over Hyundai engine issues. *Hyundai shares slide, near 9- year-low. If criminal charges are filed, it could lead to hefty fines for Hyundai and Kia.

  • U.S. Secretary of State Mike Pompeo speaks to the media in the briefing room at the Department of State, on November 20, 2018 in Washington, DC. 

    The United States has told its ally South Korea it should not improve ties with North Korea faster than Pyongyang takes steps to give up its nuclear weapons, U.S. Secretary of State Mike Pompeo said on Tuesday.

  • TOKYO, Nov 20- Asian stock markets skidded on Tuesday and Europe was expected to follow, pressured by sharp losses on Wall Street as technology firms tumbled on worries about slackening demand. The dollar sagged after weak U.S. data further sapped confidence in the currency, while oil prices slipped despite expected OPEC supply cuts. Spreadbetters expected...

  • TOKYO, Nov 20- Asian stock markets skidded on Tuesday, extending sharp losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence in the currency. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.9 percent. In Seoul, Samsung Electronics...

  • SEOUL/ TOKYO, Nov 20- South Korean shipyards have boxed out their Japanese rivals from the market for building large ships carrying liquefied natural gas, winning all of the orders for the next three years worth more than $9 billion. The bulging orderbook illustrates the dominance the South Korean yards have achieved over their competitors, especially in Japan.

  • *Refiners in talks with Iran to sign new contracts- sources. *S. Korea's Iran oil imports to stay at zero until year-end. TOKYO/ SEOUL, Nov 19- Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. sanctions on Tehran, sources familiar with the matter said.

  • *Former CEO Amos Genish sacked while on business in Asia. *Elliott-appointed director Luigi Gubitosi becomes new CEO. MILAN, Nov 19- Barely a year into the job as the boss of Italy's biggest telecoms company, Amos Genish had just finished celebrating a joint venture with electronics group Samsung at a dinner in South Korea when a WhatsApp message arrived sealing...

  • SEOUL, Nov 17- Chinese President Xi Jinping intends to visit North Korea next year after receiving an invite from North Korean leader Kim Jong Un, South Korea said on Saturday, which would make Xi the first Chinese leader to do so since 2005.. Xi told South Korean president Moon Jae- in in a bilateral meeting on the sidelines of the Asia Pacific Economic Co-operation...

  • SEOUL, Nov 14- South Korea's top financial regulator said Samsung BioLogics Co Ltd had intentionally breached accounting rules ahead of its 2016 listing, leading to a suspension in trading of the biotech firm's shares and a review of its listing status. The Financial Services Commission, which has been reviewing the matter after a complaint by an activist...

  • WEDNESDAY, NOVEMBER 14 JOHANNESBURG- World Bank officials to meet Zambia finance minister and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.. JAKARTA- Indonesia's Central Bank holds Board of Governors Meeting. ZAGREB- Croatia National Bank holds monetary policy...

  • Nov 13- U.S. hedge fund Elliott on Tuesday renewed pressure on South Korea's Hyundai Motor Group, urging it to return $10.6 billion of capital to shareholders and consider selling non-core assets, including costly land it bought in Seoul for new headquarters. In an open letter on Tuesday, Elliott called on Hyundai to return up to 8 trillion won, or 31 percent of its...

  • Students University of Denver

    The number of foreign students heading to U.S. colleges and universities fell again last year, the second straight decline after more than a decade of growth, a new report finds.

  • Nov 13- U.S. hedge fund Elliott Management on Tuesday renewed pressure on Hyundai Motor Group, calling on the South Korean company to return $10.6 billion of cash to shareholders and consider selling non-core assets, including $10 billion of property. In an open letter, Elliott called on Hyundai to return up to 8 trillion won, or 31 percent of its market value, and...

  • National Security Advisor John Bolton answers questions from reporters as he announces that the U.S. will withdraw from a treaty with Iran during a news conference in the White House briefing room in Washington, October 3, 2018. 

    European companies are unlikely to continue business with Tehran even if their governments wish otherwise, the White House's National Security Advisor said on Tuesday.

  • MELBOURNE, Nov 13- Australia, the world's biggest coal exporter and second-biggest liquefied natural gas exporter, wants to build its next big energy industry around exploiting solar and wind power along with brown coal to produce hydrogen. Australia is seeking to supply what could be a $7 billion market for hydrogen to China, Japan, South Korea and Singapore by...

  • TUESDAY, NOVEMBER 13 JOHANNESBURG- World Bank officials to meet Zambia finance ministers and government officials in the town of Livingston to discuss the economy of Africa's No. 2 copper producer, which is facing high levels of debt.. JAKARTA- Indonesia's Central Bank holds Board of Governors Meeting. MELBOURNE- Panel Participation by Guy Debelle, RBA Deputy...

  • French President Emmanuel Macron welcomes U.S. President Donald Trump for bilateral talks at the Elysee Palace in Paris on Nov. 10, 2018.

    President Donald Trump could not attend a commemoration in France for U.S. soldiers and marines killed during World War One on Saturday because rain made it impossible to arrange transport, the White House said.

  • A Chinese flag flies on a vessel moving past shipping containers being unloaded at a Tianjin Port Group Co. dock in Tianjin, China.

    Asian countries' exports are potentially vulnerable to the U.S.-China trade war on two fronts: changes to global supply chains and slowing Chinese domestic demand.