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  • Hyundai Heavy turns to petroleum coke to boost earnings

    SEOUL - Hyundai Heavy Industries is focusing on petroleum coke to generate power in a new business it has established in collaboration with state-run Korea Electric Power (KEPCO), seeking to diversify its revenue sources as its core shipbuilding seg

    June 29, 2017 07:34 pm JST
  • Moon sees investment chances once Korean issues are resolved

    WASHINGTON -- South Korean President Moon Jae-in said on Wednesday that rising tensions over North Korea's nuclear and missile ambitions, once overcome, can be a catalyst for new business.Speaking to U.S. and South Korean businesspeople at the U.S.

    June 29, 2017 02:20 pm JST
  • Seoul-Tokyo rapprochement hitting snags old and new

    TOKYO -- South Korean President Moon Jae-in's criticisms of Japan on the issue of wartime "comfort women" and his push for dialogue with Pyongyang could make for a strained discussion when he and Japanese Prime Minister Shinzo Abe hold their first f

    June 29, 2017 11:20 am JST
  • Sony gives OLED TVs another try

    TOKYO Sony is taking another crack at the market for TVs with next-generation organic displays, seven years after it beat a retreat.TV manufacturers are banking on a wave of replacement demand in the Japanese market this year, and analysts believe 2

    June 29, 2017 10:00 am JST
  • South Korean leader vows solidarity with Trump on NKorea

    WASHINGTON (AP) -- South Korea's new leader vowed Wednesday to stand firmly with President Donald Trump against North Korea, playing down his past advocacy of a softer approach toward the nuclear-armed nation as he made his first visit as president

    June 29, 2017 09:45 am JST
  • Japan-China-South Korea summit a no-go for July

    TOKYO -- A trilateral summit Japan looked to host with the leaders of China and South Korea in late July will be postponed at Beijing's request, amid heightened tensions with Seoul.Beijing has told Tokyo that arranging a meeting next month among Jap

    June 29, 2017 03:55 am JST
  • David S. Lee

    New South Korean president stumbles over team building

    When South Korean President Moon Jae-in meets Donald Trump on Thursday in Washington, it may appear the two have little in common apart from their recent accession to office and a mutual concern about North Korea.But beyond their political differenc

    June 28, 2017 05:00 pm JST
  • Moon faces delicate balancing act in meeting with Trump

    SEOUL -- While South Korean President Moon Jae-in remains adamant that sanctions alone will not curb North Korea's nuclear program, his failed attempts to re-establish a dialogue with Pyongyang have stirred concerns in the U.S.Moon visits President

    June 28, 2017 01:27 pm JST
  • Stephen Grenville

    Asian financial crisis exposed limits of neoliberalism

    July marks the 20th anniversary of the float of the Thai baht, the opening signal of the Asian financial crisis. None of the central bankers and global officials who watched the crisis unfold realized at the time that it marked the end of the "Asian

    June 28, 2017 09:00 am JST
  • Naver eyes online financial services with Mirae deal

    SEOUL -- South Korea's largest internet company Naver is laying the grounds for becoming an online financial services provider by swapping its treasury shares with Mirae Asset Daewoo, the nation's No. 1 brokerage house.Naver acquired a 7.1% stake in

    June 28, 2017 12:32 am JST
  • Kia launches cheap, small Stonic SUV aimed at young buyers

    HWASEONG, South Korea -- Kia Motors unveiled Tuesday its small sports utility vehicle, Stonic, targeting young first-time car buyers with an affordable price tag of less than $17,000.South Korea's second-largest automaker said that Stonic will help

    June 27, 2017 09:27 pm JST
  • Nicholas Spiro

    Asian markets brush off concerns about China, Fed

    Asia, the region most sensitive to concerns about China's economy and the conduct of U.S. monetary policy among emerging markets, is proving remarkably resilient.Over the past three months, potential catalysts for a sharp deterioration in market con

    June 27, 2017 07:26 pm JST
  • South Korea's E-Mart takes makeup store chain to Saudi Arabia

    SEOUL -- South Korea's E-Mart will join with a Saudi Arabian retailer for a foray into the surging Middle Eastern cosmetics market.The Seoul-based supermarket operator will open a Sugar Cup makeup store in the Saudi capital of Riyadh through a franc

    June 27, 2017 05:32 am JST
  • Toshiba could ink memory unit deal Tuesday

    TOKYO -- Toshiba is expected to sign an agreement as early as Tuesday to sell its flash memory chip business to a Japan-led consortium, taking a major step toward recovery despite continued resistance from key business partner Western Digital.Toshib

    June 27, 2017 02:40 am JST
  • South Korean antitrust agency moving to control Google, Facebook

    SEOUL -- South Korea's antitrust watchdog is joining a global trend to regulate internet companies such as Google and Facebook over their indiscreet collection of information on the web, with the aim of limiting any monopoly they might have on the u

    June 26, 2017 07:52 pm JST
  • Market share survey shows China Inc. losing steam

    TOKYO -- Chinese companies' rise to the top of global markets seems to be losing momentum, according to Nikkei Inc.'s market share survey for 2016, as businesses battle over growing demand from emerging economies.Last year saw global market leaders

    June 26, 2017 12:23 pm JST
  • William Pesek

    How Moon can recharge South Korea's batteries

    Less than two months after his inauguration, it is impossible to say how successful Moon Jae-in will be in revitalizing South Korea. But the president's gutsy decision to scrap nuclear reactors should give investors hope that Asia's No. 4 economy ma

    June 26, 2017 12:00 pm JST
  • Seoul nurturing tech startups Gangnam style

    SEOUL -- This capital city's Gangnam district, the glitzy neighborhood known as the nation's trend-setter, has taken on a new role as a startup incubation hub, supported by the financial firepower of big companies headquartered there.Such big names

    June 26, 2017 09:00 am JST
  • Lotte founder removed from management

    TOKYO -- Shareholders of Japan's Lotte Holdings on Saturday voted to remove Lotte group founder Shin Kyuk-ho, known here as Takeo Shigemitsu, from the board of directors, ending an era that began in 1948.Kyuk-ho, frail and 94 years old, had been ser

    June 25, 2017 12:50 am JST
  • Samsung to produce microwave ovens in US

    SEOUL -- South Korea's Samsung Electronics is set to convert a factory in the U.S. state of South Carolina so it can produce microwave ovens and other home appliances, according to sources.The company is expected to announce the investment, which is

    June 25, 2017 12:38 am JST