SOUTH KOREA

South Korea steps up inflation battle, raises rates

IBTimes Logo
South Korea raised interest rates on Thursday, surprising markets, and unveiled a set of measures to contain mounting inflation as policymakers around the world battle surging prices of food and other commodities.
More news
Luang Prabang

Frontier market Laos opens stock exchange

While the recent volatility in the Bangladesh stock market raises worries about investing in the so-called “frontier markets,” another developing country, Laos, has opened its own new stock marke
IBTimes Logo

Samsung targets $30 billion in 2015 home appliance sales

South Korea's Samsung Electronics Co Ltd targets sales of nearly $30 billion from home appliances in 2015 and a 10 percent share of the global market, Hong Chang-wan, head of the company's appliances division, said on Tuesday.
IBTimes Logo

Samsung targets $30 bln in 2015 home appliance sales

South Korea's Samsung Electronics Co Ltd targets sales of nearly $30 billion from home appliances in 2015 and a 10 percent share of the global market, Hong Chang-wan, head of the company's appliances division, said on Tuesday.
IBTimes Logo

China's trade surplus dips, taking heat off yuan

China's trade surplus narrowed in 2010 for the second straight year, giving Beijing grounds to rebuff U.S. pressure for faster currency appreciation ahead of President Hu Jintao's visit to Washington next week.
IBTimes Logo

Hackers celebrate North Korea heir's birthday

Hackers have attacked North Korea's official Youtube and Twitter accounts, posting a cartoon showing Kim Jong-il's heir apparent driving a sports car into a crowd of starving countrymen.
IBTimes Logo

LG eyes 4-fold jump in 2011 smartphone sales

South Korea's LG Electronics Inc aims to more than quadruple smartphone shipments this year and will focus on expanding premium products to catch up with bigger rivals, an executive said on Thursday.
IBTimes Logo

Nikkei rallies, others subdued ahead of U.S.

The Nikkei rallied on Thursday as investors snapped up shares of Japanese exporters after the dollar hit two-week highs against the yen, but markets elsewhere in Asia were more subdued ahead of the influential U.S. non-farm payrolls report.
IBTimes Logo

Samsung Group to lift investment by 18 percent in 2011

Samsung Group will boost investment by nearly one-fifth to a record amount this year, seeking to build new businesses and to widen its lead in technology sectors such as display screens, South Korea's largest business group said on Wednesday.
Japan's Prime Minister Naoto Kan leaves a news conference after winning the Democratic Party of Japan party leadership vote in Tokyo

Kan's economic plan for Japan misses the point

Japanese Prime Minister Naoto Kan laid out plans to revive the economy in 2011 in his New Year remarks. While his proposals may boost some sectors of the economy, they miss the point.
IBTimes Logo

Japanese researches clone rare earth metal

Japanese researchers at the Kyoto University have broken the rare earth import jinx as they have created a new alloy which resembles rare metal palladium, bringing a sigh of relief to countries depending on Chinese exports of rare earth metals.
South African President Jacob Zuma shakes hands with Chinese Premier Wen Jiabao at the Zhongnanhai Leaders' Compound in Beijing

What is behind China's move to include South Africa in BRIC grouping?

South Africa is about to join the Brazil, Russia, India and China (BRIC) grouping and will attend the first summit of the leading emerging economies in April this year, but doubts remain over the suitability of the African nation to be in the exclusive club of the fast-growing economies.
 Hyundai Motor to recall 190,000 cars in US

Hyundai Motors India Dec sales remain flat

Hyundai Motors India Ltd. (HMIL), the second largest car maker and the largest car exporter in the Indian market, sold a total of 47,228 units during this month as compared to 47,217 units during the same period year ago.
IBTimes Logo

Asia factory output powers ahead but inflation worries

Asian factory output powered ahead in December to underline emerging markets' lead in the global recovery although data showed an increasing inflation threat in the region even as growth is tepid in developed economies.
IBTimes Logo

Hyundai, Kia eye 10 percent 2011 sales rise after strong Dec

Hyundai Motor Group <005380.KS> and its affiliate Kia Motors <000270.KS> aim to boost vehicle sales by 10 percent this year after robust December sales, as the sector shows a gradual recovery, led by China and the United States. Hyundai Motor shares rose 2 percent on Monday, while shares in Kia Motors jumped 3.75 percent in a broader market <.KS11> up 0.9 percent, with Hyundai ex...

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.