SOUTH KOREA

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South Korea to pardon former Samsung chairman

South Korea will pardon one of the country's most influential businessmen, former Samsung chairman Le e Kun-hee, for his previous convictions to help its bid to land the Winter Olympics, the justice minister said on Tuesday.

South Korea wins landmark Gulf nuclear power deal

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A South Korean group won a landmark deal to build and operate four nuclear reactors for the United Arab Emirates, beating more favored U.S. and French rivals to one of the Middle East's biggest ever energy contracts.

S.Korea wins Gulf nuclear power deal

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A South Korean group won a landmark deal to build and operate four nuclear reactors for the United Arab Emirates, beating more favoured U.S. and French rivals to one of the Middle East's biggest ever energy contracts.
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S.Korea wins $40 billion UAE nuclear deal

A South Korean consortium won a $40 billion deal to build and operate four nuclear reactors for the United Arab Emirates, beating U.S. and French rivals to one of the Middle East's biggest ever energy contracts.
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Daily Wrap Up - December 25

A Nigerian man linked to al Qaeda tried to set off an explosive device aboard a U.S. passenger plane as it approached Detroit on Friday, but was overpowered by passengers and crew and the aircraft landed safely, U.S. officials said.
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RIM's BlackBerry e-mail service down, second time in a week

Research In Motion's Blackberry users in North America suffered another outage with their e-mail service, just a week after another outage hit the company. Late Tuesday night, RIM confirmed that its BlackBerry service had suffered its second e-mail outage in five days.
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Saudi Kayan receives four bids in plant retender

Saudi Kayan Petrochemical Co, 2350.SE, a unit of Saudi Basic Industries Corp 2010.SE (SABIC) has received four bids in a retender to build a petrochemical plant at its complex in Jubail, industry sources said on Tuesday.
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Devon, Anadarko find subsalt oil in Brazil waters

Devon Energy Corp and Anadarko Petroleum (APC.N) announced on Thursday an oil discovery off Brazil's coast in the subsalt province that the South American nation hopes will make it an energy powerhouse.
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Travel Postcard: 48 hours in Seoul

South Korea's frenetic capital lends itself to many things such as round-the-clock dining, soaking up the country's rich, tumultuous history, or watching cutting-edge technology in action.
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GM's Opel to bring out hybrids in 5 yrs-CEO

General Motors' European arm Opel will launch hybrid models within five years as part of a campaign to overhaul and freshen its product line, GM Europe head Nick Reilly told a German magazine.
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Obama writes letter to North Korea's Kim

U.S. President Barack Obama has written a personal letter to North Korean leader Kim Jong-Il amid efforts by the United States to persuade Pyongyang to return to nuclear disarmament talks.
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North Korea hints ready to return to nuclear talks

North Korea indicated on Friday it was ready to end its year-long boycott of nuclear negotiations, following talks in the reclusive state this week with a U.S. envoy trying to revive a disarmament-for-aid deal.
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U.S. envoy makes some ground in North Korea visit

The U.S. envoy for North Korea failed to secure a firm commitment from the isolated state to resume nuclear disarmament negotiations but said on Thursday he had won assurance that it supported the languishing deal.
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Hawkish Asia rate views hurt bonds; stocks down

Government bonds in Australia and South Korea fell on Thursday as investors pushed forward expectations for interest rate rises in 2010 because of bullish growth views, while Asian stocks slid on year-end profit taking.
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This Week In Petroleum - Released on December 9, 2009

With the emerging Asian economies rebounding from the global economic downturn faster than the G-7 economies, the Asia-Pacific region is the leading driver of global economic recovery and higher oil demand. Although the emerging Asian economies were generally less exposed to financial risks and credit default arrangements than the U.S. and European economies, many of them have taken strong stimulus measures throughout 2009 that are expected to boost domestic demand, financial credit, and greater...
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Japan GDP revised down, policy response in doubt

Japan's economy grew at a far slower pace in the third quarter than first thought as capital spending fell, but a double-dip recession is seen as unlikely as exports rebound and corporate spending shows signs of bottoming out.
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Japan stocks lead Asia lower; euro stabilizes

Japan led a slide in Asian stock markets on Wednesday as worries about the strength of a global recovery prompted investors to trim some bets ahead of the year end, while the euro picked up from a one-month low on bargain hunting.
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U.S. says no new incentives for North Korea talks

The United States believes North Korea may be ready to resume talks on its nuclear program but will not offer any new inducements to get Pyongyang back to the negotiating table, a senior U.S. official said on Monday.
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Envoy may take disarmament plan to Pyongyang

The Unites States, Japan and South Korea are working on a road map for ending North Korea's nuclear arms plans that will be on the agenda of a U.S. envoy who visits Pyongyang this week, Japan's Asahi newspaper reported.
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Kodak sets patent pact, OLED unit sale, with LG

Eastman Kodak Co said Friday it will sell its business that developed super-thin OLED screen technology to LG Electronics Inc and said the companies will share patents, ending a long-standing dispute.

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