SOUTH KOREA

UK's Cameron seeks to double trade with China

UK-Korea seek increased trade and investment

Britain’s Prime Minister David Cameron and South Korean President Lee Myung-bak agreed to increase trade and investment between the two countries in a meeting prior to Thursday’s opening of the G-20 summit in Seoul.

Korea head calls for more corporate investment into Africa

South Korean President Lee Myung-bak answers a reporter's question during a news conference regarding the upcoming G20 Summit at the presidential Blue House in Seoul, November 3, 2010.
The president of South Korea, Lee Myung-bak, has called for more corporate investment into Africa and other poverty-stricken regions of the world, as part of a comprehensive program to encourage the private sector to spur sustained global economic growth.
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Hyundai to recall Sonata sedans in U.S.

Hyundai Motor, South Korea's top automaker, will recall some 139,500 Sonata sedans sold in the United States, due to problems with the steering wheel that could cause a loss or reduction of control.
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South Asian realty slump may hit economy hard

In contrast to the rest of Asia, South Korea's real estate sector is in the midst of a crisis with residential property in Greater Seoul area being marked 10 percent below recent levels and down twice that figure in the other regions of the country.
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Philippine travel sector shrugs off hostage crisis impact

Tour operators in the Philippines believe that the global tourism industry has shrugged off last month's hostage crisis in the country and will flock to this Asian destination in the coming months, an apex body of travel agents said.
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Hilton Top hotel brand in Asia: Survey

World's leading hotel group Hilton Hotels & Resorts has been named as the top hotel brand in Asia for the year 2010 for the second consecutive year by global research company Taylor Nelson Sofres (TNS), in conjunction with one of the region's leading media, marketing and advertising publications, Media. This is the second consecutive year Hilton clinched the title since the study's Travel & Leisu...
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Hyundai unveils its first electric car

Hyundai Motor, South Korea's No.1 carmaker, unveiled its first pure electric car on Thursday, with a goal of commencing mass production of the vehicles in 2012.
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Korean suppliers set for gains abroad as BMW signs on

Hyundai Motor's steady climb in the global auto industry has nurtured a strong base of local suppliers, and South Korean parts makers could be looking at more business overseas after adding premium car brand BMW to their list of clients.
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Retailers jump in for Carrefour SE Asia assets

At least four retailers from Europe and Asia are poised to submit first-round bids for Carrefour SA's roughly $1 billion (650 million pounds)-worth of Southeast Asian assets on Wednesday, sources said, showing robust demand for the retail operations.
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North Korea seeks stronger ties with China

North Korea vowed to strengthen military ties with China on Wednesday, days after the North's leader Kim Jong-il finished a visit aimed at bolstering the bond with his isolated country's sole major supporter.
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Panasonic says high TV sales targets sparked glut

Over-ambitious TV sales targets have left manufacturers with a glut of panels that is driving down prices as makers offload their excess output, Panasonic Corp's <6752.T> television unit head said on Tuesday.
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Retailers to submit bids for Carrefour Asia - sources

Retailers from Europe and Southeast Asia are expected to submit bids for Carrefour SA's roughly $1 billion (650 million pounds)-worth of Asian assets, with first-round offers due on Wednesday, sources said, in what is turning out to be a robust auction.
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China manufacturing picks up, India going strong

China's manufacturing sector regained some momentum in August while India and Russia continued to power ahead, cheering investors in the face of signs that sputtering U.S. recovery was cooling global demand.

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