SOUTH KOREA

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Japan trading giants to tap $1 trillion water market

Japan's trading houses, which made fortunes from heavy bets on coal and iron ore, see water as their next big investment target as industrialization and urbanization in emerging economies boost demand for clean water.

Playing catch-up, new wind power firms head offshore

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On a small beach on South Korea's popular honeymooning island of Jeju a large blade spins against a cloudy sky, a noisy oddity for locals but a source of hope for emerging wind power gear makers eyeing a niche market.
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China online game revs to hit $11 bln in 3 yrs -research

China's online game revenues are expected to hit 73.1 billion yuan ($10.7 billion) in three years, driven by growing Internet penetration in the world's most populous country, a research firm said in a report released Thursday.
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S. Korea fines local LPG price cartel $581 mln

South Korea's anti-trust agency said on Wednesday it would impose fines totalling 669 billion won ($581 million) on six companies over their involvement in a liquefied petroleum gas (LPG) price cartel.
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Tokyo Electron eyes stronger chip equipment orders

Japan's Tokyo Electron, the world's No.2 supplier of semiconductor-making equipment, said quarterly orders look to be stronger than expected thanks to a surge in demand from memory makers in Taiwan and South Korea.
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Senators urge renegotiation of U.S. trade deals

A group of U.S. senators urged President Barack Obama Monday to back legislation requiring the renegotiation of the North American Free Trade Agreement and a long list of other trade pacts they blame for millions of lost U.S. manufacturing jobs.
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South Korea knocks down rumor North leader dead

South Korea's Unification Ministry dismissed rumors Tuesday that North Korean leader Kim Jong-il had been attacked and killed, which prompted financial markets to slide briefly in what one analyst said was a reflection of fragile sentiment.
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India's Tata says plans Nano hybrid cars: report

India's Tata Group is planning to produce hybrid versions of its Nano, billed as the world's cheapest car, to join in the environment-friendly trend, its chairman said in an interview with a South Korean newspaper.
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Asian shares rebound but eyes on Dubai

Asian stocks recovered after last week's steep sell-off over the Dubai debt crisis on growing speculation the fallout from a potential default will be limited, while assurances from various authorities also helped calm nerves.
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Asian shares rebound but keeping eyes on Dubai

Asian stocks recovered after last week's steep sell-off over the Dubai debt crisis on growing speculation the fallout from a potential default will be limited, while assurances from various authorities also helped calm nerves.
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Samsung set to beat 2009 handset sales target

Samsung Electronics, the world's No. 2 mobile phone maker, gave an upbeat forecast for 2009 mobile phone sales due to sharp growth in touchscreen models, but surging sales may not guarantee higher margins.
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Apple iPhone's to debut in South Korea this Saturday

Apple's iPhone will be released for the first time in South Korea this Saturday and is available from KT Corporation, the country's second largest mobile carrier. The iPhone will be offered in three different models, with a price range of $342 to free, depending on the service plan chosen.
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Hyundai-Kia targets rapid China growth in 2010

Hyundai-Kia Automotive Group, the world's No. 5 automaker, aims to grow at twice the market rate next year in China, as consumers in the world's largest auto market snap up its affordable, quality cars.
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Shares skid on Dubai debt worries, yen surges

Asia stocks slumped on Friday as shockwaves from Dubai's debt crisis hit the region, shaking banking shares and boosting the yen to a fresh 14-year high against a struggling dollar as investors unwound risky trades.
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South Korea launches WTO dispute against U.S.

South Korea has launched a dispute at the World Trade Organization against the United States over U.S. measures to raise prices on imports of steel, a South Korean embassy official said on Thursday.
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North Korea's Kim says China friendship unbreakable

North Korean leader Kim Jong-il on Wednesday told the visiting Chinese defense minister that his isolated country's friendship with China was unbreakable, even as ties have been tested by the North's nuclear tests.
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Groups see red over South Korea's green river plan

South Korea launched an ambitious and costly project this week to overhaul its four major rivers in a way the government says will be a model for green growth but conservationists say will do far more harm than good.
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Honda tops again in efficiency on U.S. roads

Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the U.S. government projections for 2009 showed on Friday.
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Obama in Asia - building block or bow?

Barack Obama's first presidential trip to Asia was also his first big step in recasting U.S. ties with a region in flux, and showed this will demand patience and compromise from a superpower used to pushing its weight around.

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