SOUTH KOREA

IBTimes Logo

Asia helps feeble West in global recovery -OECD

Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialised countries, the OECD said on Thursday.

U.S. warns Iran of consequences over standoff

IBTimes Logo
World powers could have a package of measures against Iran within weeks, U.S. President Barack Obama said on Thursday, warning Tehran of consequences for its failure to respond to an offer of a nuclear deal.

Obama ready to help a non-nuclear North Korea

IBTimes Logo
U.S. President Barack Obama said he was willing to help North Korea repair its economy and end decades of international isolation if Pyongyang stopped a cycle of threats and finally moved toward nuclear disarmament.
IBTimes Logo

Asia helps feeble West in global recovery: OECD

Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialized countries, the OECD said on Thursday.
More news
IBTimes Logo

Japan's Ministop to bid for Buy The Way -sources

Ministop Co, Japan's fifth-largest convenience store, plans to bid for South Korea's Buy The Way, which has been put up for sale by private equity firm Unitas Capital, three sources familiar with the matter said.
IBTimes Logo

S.Korea c.bank asks Fed for FX swap extension-paper

South Korea's central bank has asked the U.S. Federal Reserve to extend a $30 billion swap agreement for a safety net, as the existing credit line is due to expire on Feb. 1, 2010, a local newspaper reported.
IBTimes Logo

BlackRock says c.banks to be net buyers of gold

Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.
IBTimes Logo

Hitachi to raise $4.6 billion, shares dive

Hitachi Ltd, Japan's biggest electronics firm by sales, will raise up to $4.6 billion to shore up its capital, joining a scrum of Japanese firms tapping equity markets before a possible economic slowdown.
IBTimes Logo

Obama pledges greater U.S. engagement in Asia

U.S. President Barack Obama pledged Saturday to deepen dialogue with China rather than seek to contain the rising power, as he laid out a vision for greater engagement with a vibrant Asia-Pacific region.
IBTimes Logo

Chi Mei, Innolux in $1 bln share-swap merger

Taiwan's Chi Mei agreed to be merged with Innolux through a share swap worth about $1 billion to create a new company that aims to have a stronger foothold in the highly competitive LCD industry dominated by bigger Korean rivals.
IBTimes Logo

New curves, good value drive Hyundai's China sales

China is falling in love with Hyundai Motor. The South Korean company has accelerated to become the maker of the top selling foreign car brand in the world's largest auto market today from virtually nothing just seven years ago.
IBTimes Logo

Japan automakers feel heat as Hyundai charges ahead

Hyundai Motor has left rivals in the dust with a stunning run this year, and Japanese automakers have even more to worry about now as the yen climbs and South Korea seals more trade pacts to benefit its exporters.
IBTimes Logo

U.S., Japan vow to revitalize strained ties

U.S. President Barack Obama and Japan's new prime minister, Yukio Hatoyama, pledged on Friday to revitalize their strained security alliance as they adapt to a rising China, set to overtake Japan as the world's No.2 economy.
IBTimes Logo

Obama faces strains in Japan, first stop in Asia

U.S. President Barack Obama headed into talks with Japanese Prime Minister Yukio Hatoyama on Friday in which he will likely try to smooth strained ties as the allies adjust to a rising China.
IBTimes Logo

Dollar eases, lifting commodities; stocks tick up

The U.S. dollar eased on Friday after overnight gains and ahead of euro zone growth data, boosting metal and crude prices, while world stocks drifted higher. The dollar rose overnight against a basket of currencies but succumbed to another sporadic bout of profit-taking, and traders said the currency's broad weakness was likely to continue over the longer term.
IBTimes Logo

Currencies in focus as Obama tours Asia

A rare rally in the U.S. dollar was the focus in Asia on Friday as investors wondered if President Barack Obama's nine-day visit to the region would generate pressure on some countries to let their currencies rise.
IBTimes Logo

Obama says has strategy to boost U.S. exports to Asia

President Barack Obama said on Thursday he planned to discuss a strategy with Asia Pacific leaders calling on their countries to import more U.S. goods and the world to rely less on exporting to the United States.
IBTimes Logo

Hyundai expects '09 China sales to jump 83 pct

Hyundai Motor Group, South Korea's top carmaker, said on Thursday it expects car sales in China this year to jump 83 percent from 2008, led by new models and as economic stimulus measures spur demand in the country.
IBTimes Logo

North Korea warns South it will pay for clash

North Korea said the South will pay an expensive price for firing at Pyongyang's retreating patrol boat on Tuesday, keeping up its saber rattling two days after a naval gunfight raised tension between the rivals.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.