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  • Hyundai Motor's uphill climb grows steeper

    SEOUL -- Hyundai Motor, reeling from a major dent in Chinese sales this year, now must navigate an obstacle course marked by expectations of a stronger South Korean currency, accusations by contractors of improprieties and a labor strike that threat

    December 16, 2017 12:00 pm JST
  • North Korea's cell phone users triple

    SEOUL -- The number of cell phone users in North Korea has more than tripled in five years to 3.61 million in 2016, South Korea's national statistical office said Friday.The figure marked an 11% year-on-year increase, Statistics Korea said, based on

    December 16, 2017 05:49 am JST
  • China's Li gives no promise to end retaliation over THAAD

    BEIJING -- South Korean President Moon Jae-in on Friday called for better business conditions for South Korean companies hit by retaliatory measures over the deployment of a U.S.-developed missile shield, only to see Chinese Premier Li Keqiang not o

    December 16, 2017 04:21 am JST
  • South Koreans fume over perceived diplomatic snubs by China

    SEOUL -- South Koreans are growing increasingly angry with China over a perceived lack of courtesy extended to President Moon Jae-in during his visit to Beijing.Anti-Chinese sentiment is further being fueled by an incident in which South Korean jour

    December 15, 2017 09:46 pm JST
  • Nikkei Asia300 Index falls tracking Wall Street losses

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday as uncertainty over U.S. tax reforms damped investors' risk appetite.Indian shares rallied, bucking the trend, after exit polls predicted a victory for Prime Minister Narendra Modi's Bha

    December 15, 2017 08:24 pm JST
  • South Korea's Kakao to issue GDRs of up to $1 bln for M&A

    SEOUL (Reuters) -- South Korean messaging app service provider Kakao Corp said on Friday it is targeting raising up to $1 billion overseas for use in global mergers and acquisitions.Kakao said in a statement that it expects to issue global depositar

    December 15, 2017 06:31 pm JST
  • Moves in South Korea to make cryptocurrency trading more transparent

    SEOUL (Reuters) -- A South Korean blockchain association announced on Friday measures to boost transparency in trading of cryptocurrencies, agreed by 14 exchanges in the country including the world's busiest virtual currency exchange, Bitthumb.The K

    December 15, 2017 11:36 am JST
  • Japan's digital money exchanges heading abroad for growth

    TOKYO -- Seeking fresh channels for growth, cryptocurrency trading platforms in Japan -- the world's biggest market -- are branching out to other parts of Asia and beyond.Quoine is launching in the Philippines next year. Bitpoint Japan, a subsidiary

    December 15, 2017 06:49 am JST
  • Moon and Xi agree on avoiding new Korean war, but little else

    BEIJING -- The leaders of China and South Korea affirmed a shared goal of a peaceful end to the standoff with North Korea, but despite the effort at solidarity, their summit here Thursday reinforced the view of how far bilateral relations still have

    December 15, 2017 06:45 am JST
  • South Korea still feeling the heat over THAAD deployment

    BEIJING -- South Korean government and industry are making overtures in hopes of getting China to ease up on damaging retaliatory measures over Seoul's deployment of a U.S.-developed missile shield, but Beijing shows little sign of making significan

    December 15, 2017 06:41 am JST
  • Moon, Xi say negotiation, not war, to end North Korean crisis

    SEOUL -- South Korean President Moon Jae-in and his Chinese counterpart Xi Jinping said Thursday that the North Korean nuclear crisis would be resolved through talks and negotiation rather than war.The two leaders agreed that the two Koreas should b

    December 15, 2017 12:02 am JST
  • U.N. political chief worried about risk of Korean conflict

    NEW YORK (Kyodo) -- The risk of conflict looms large on the Korean Peninsula with the situation exacerbated by a lack of communication, making it crucial to promote dialogue, the U.N. political affairs chief said Wednesday."I do feel strongly that t

    December 14, 2017 09:27 pm JST
  • Nikkei Asia300 Index gains as Fed sticks to rate hike forecasts

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday after the U.S. Federal Reserve retained its forecast of three rate increases for next year.The Nikkei Asia300 Index advanced 0.3% to 1,383.61, paced by a rally in Chinese and Hong Kong

    December 14, 2017 08:53 pm JST
  • Guterres ready to visit North Korea if opportunity arises

    TOKYO -- United Nations Secretary-General Antonio Guterres on Thursday said that he is willing to visit North Korea for peace negotiations if there is an opportunity to do so.Guterres attended a press conference at the Japan National Press Club Thur

    December 14, 2017 08:23 pm JST
  • South Korea says 'No' to minors trading cryptocurrencies

    SEOUL -- South Korea will introduce measures to curb criminal activity and overheated speculation related to cryptocurrencies, including a ban on minors and nonresidents from setting up trading accounts, and a ban on banks from holding or accepting

    December 14, 2017 03:52 pm JST
  • Guterres, Abe reaffirm vow to maximize pressure on North Korea

    TOKYO -- United Nations Secretary-General Antonio Guterres and Japan's Prime Minister Shinzo Abe on Thursday reaffirmed their determination to keep up the pressure on North Korea to rid the country of its nuclear weapons.In his first trip to Japan a

    December 14, 2017 03:40 pm JST
  • US rate hike triggers Asian increases

    TOKYO -- China's central bank raised interest rates Thursday after the U.S. Federal Reserve raised rates for the third time this year overnight in a sign that the U.S. monetary policy still generally drives monetary policy in Asia.Just hours after t

    December 14, 2017 02:40 pm JST
  • Hong Kong follows US lead in monetary tightening

    TOKYO -- The Hong Kong Monetary Authority raised its policy rate by 25 basis points to 1.75% on Thursday to match an overnight interest rate increase by the U.S. Federal Reserve.The new rate applies when banks approach the overnight discount window

    December 14, 2017 12:00 pm JST
  • Nikkei Editorial

    Japan must support language education for foreign residents

    Japanese language skills are vital for ensuring that foreign residents are able to integrate into and thrive in Japanese society. Indeed, many people from overseas have difficulty living in Japan precisely because they lack such skills. With Japan's

    December 14, 2017 10:00 am JST
  • A 'lost generation' in South Korea bears the brunt of rising inequality

    SEOUL Employment in South Korea is about much more than pay. Social status comes from job title and employer, and anyone not at an established company can feel the heavy stigma of failure.Young people are bearing that burden the most. The unemployme

    December 14, 2017 10:00 am JST