Asia Top News and Analysis South Korea

  • BANGKOK, Aug 1- South Korea's foreign minister warned on Thursday that if Japan removes South Korea from its list of countries with minimum trade restrictions, Seoul would have to review bilateral security cooperation. Relations between Japan and South Korea are arguably at their lowest ebb since they normalised ties in 1965, with a spiralling diplomatic...

  • SEOUL, Aug 1- South Korea's Foreign Ministry said on Thursday that Seoul and Tokyo remained wide apart over a trade dispute after the two sides held ministerial talks in Bangkok, News1 reported. "There is no major change in Japan's stance," he said. South Korean Foreign Minister Kang Kyung- wha met her Japanese counterpart Taro Kono on Thursday in Bangkok, hoping to...

  • SK Hynix 32GB Double-Data-Rate (DDR) 4 memory modules are arranged for a photograph at the company's office in Seongnam, South Korea, on Monday, July 22, 2019.

    South Korea's exports shrank 11.0% in July from a year earlier, trade ministry data showed on Thursday, largely in line with an 11.3% fall tipped in a Reuters poll.

  • A memory module by Samsung Electronics.

    If Japan takes away special trade privileges from South Korea, Samsung could be forced to look for alternative suppliers for its memory chips and that could give prices a boost, says Mark Newman from Sanford C. Bernstein.

  • SEOUL, Aug 1- South Korea's exports tumbled for an eighth straight month in July, with persistently weak global demand and an escalating dispute with Japan painting an increasingly gloomy picture for Asia's fourth-largest economy. South Korea, home to the world's top producers of memory chips and steel products, is bracing for possible disruptions in...

  • *China set to see vehicle demand drop for 2nd year in a row. *China plant utilisation seen below break-even for many car firms. BEIJING, Aug 1- Steep drops in auto sales for China and India over recent months are serving as a painful reminder that the two world's most populous markets are not living up to earlier heady expectations.

  • SEOUL, July 31- Samsung Electronics Co Ltd said it expected the chip market to bottom out and start to recover in the second half as it posted a 56% drop in quarterly profit on Wednesday, hit by declines in semiconductor prices amid oversupply. South Korean chipmakers' third-quarter results may be affected by Japanese curbs on the export of key materials, the...

  • SEOUL, July 31- Samsung Electronics Co Ltd posted a 56% drop in second-quarter operating profit on Wednesday, hit by declines in memory chip prices amid oversupply. Operating profit was 6.6 trillion won in the second quarter, in line with 6.5 trillion won the company had estimated earlier this month. South Korea's chip giants also have been hit by Japanese curbs...

  • A South Korean flag, left, and Samsung Electronics Co. flag fly outside the company's headquarters in Seoul, South Korea.

    Samsung Electronics says its operating profit came in at 6.6 trillion Korean won, which was slightly better than the company's guidance.

  • LONDON, July 30- State-run Korea National Oil Corp is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer, banking and industry sources said. KNOC had hired Canada's Scotia Bank to help with selling part of the oil and gas producer, but the minority stake was not seen as...

  • *Koreans are the No.2 travellers to Japan, after China. *Korean LCCs plan to temporarily halt some routes to Japan. Last month, Japan tightened controls of exports of high-tech materials to South Korea, in apparent retaliation for a South Korean court ruling over wartime forced labour.

  • SEOUL, July 29- Korean Air Lines will suspend its flights between the South Korean city of Busan and Japan's Sapporo from Sept. 3 because of falling demand as a result of a diplomatic row between the two countries, a spokesman said on Monday.

  • Police stand outside a nightclub in Gwangju, South Korea, Saturday, July 27, 2019.

    Two South Koreans died and several others, including athletes attending world aquatic championships, were injured when a structure collapsed in a nightclub in the city of Gwangju, an official said.

  • Silk factory worker in September in Pyongyang, North Korea.

    North Korea's economy shrank in 2018 for a second straight year, and by the most in 21 years, hit by international sanctions to stop its nuclear program and by severe drought, according to South Korea's central bank.

  • South Korean President Moon Jae-in walks past Japanese Prime Minister Shinzo Abe at the G-20 summit in Osaka, Japan, on June 28, 2019.

    South Korea has protested the Japanese plan, saying it would undermine their decades-old economic and security cooperation and threaten free trade.

  • SYDNEY/ SHANGHAI, July 25- Asian shares rose but struck a more cautious note than a tech-fueled rally on Wall Street, while the euro stayed near two-month lows as soft economic data fueled hopes the European Central Bank could cut rates at its meeting on Thursday. "Lower rates are generally, in a traditional, mechanical way, good news for equity prices," said Jim...

  • Signage for SK Hynix Inc. is displayed on access gates at the entrance to the company's office in Seongnam, South Korea, on Monday, July 24, 2017.

    South Korean chipmaker SK Hynix reported its smallest quarterly earnings in three years on Thursday as slumping memory prices drove an 89% drop in second-quarter operating profit.

  • *South Korea's KOSPI slips leaving MSCI ex- Japan flat. SYDNEY, July 25- Asian shares were cautious on Thursday, shrugging off a tech-fuelled rally on Wall Street while the euro hovered near two-month lows as soft economic data bolstered expectations of rate cuts in Europe. Stock investors have generally been encouraged in recent days by hopes of some headway in...

  • GENEVA, July 24- South Korea tried to bring international pressure to bear on Japan by airing its complaint at the World Trade Organization on Wednesday, the latest move in a festering dispute that has seen Washington's two biggest Asian allies lobbing accusations at each other. Japan has enraged South Korea with a plan to "normalise" trade procedures that are...

  • NO COUNTRIES TAKE THE FLOOR TO SUPPORT JAPAN OR SOUTH KOREA DURING DEBATE OVER TRADE SPAT BETWEEN TOKYO AND SEOUL AT WORLD TRADE ORGANIZATION- GENEVA TRADE OFFICIAL.