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South Korea

South Korea's Park begs for Olympic chance


SEOUL South Korea's Park Tae-hwan got down on his knees and begged for the chance to compete at the Rio Games on Monday as the Korean Olympic Committee (KOC) shows no signs of lifting the additional doping sanctions it has imposed on the swimmer.

South Korea structural reform measures are pre-emptive: vice fin min 6:32am BST

SEOUL South Korea's plans for capital injections into state-owned banks as part of the ongoing overhaul of the country's shipping and shipbuilding industry are pre-emptive, the vice finance minister said on Monday.


South Korea revives GPS backup project after blaming North for jamming 4:42am BST

SEOUL/LONDON South Korea has revived a project to build a backup ship navigation system that would be difficult to hack after a recent wave of GPS signal jamming attacks it blamed on North Korea disrupted fishing vessel operations, officials say.


BOK Governor backs structural reform, sidesteps quantitative easing 3:38am BST

SEOUL South Korea's central bank governor threw the full weight of the bank behind a structural reform effort on Monday, but did not mention whether the bank would be engaging in quantitative easing, which it is under pressure to provide.


U.S. stands by South Korea defense talks despite China, Russia objections 29 Apr 2016

WASHINGTON/BEIJING The White House on Friday said talks to install a new anti-missile defense system in South Korea would continue in the wake of nuclear arms and missile tests by North Korea despite calls by China and Russia for the United States to back off.

UPDATE 1-S.Korea to issue four more downtown Seoul duty-free licences 29 Apr 2016

* Chinese tourist inflow drives growth (Adds market growth, comments, Lotte background)


North Korea tightens security ahead of congress - South Korea 29 Apr 2016

SEOUL North Korea has tightened security ahead of a ruling party congress, South Korea said on Friday, with authorities keen to avoid any "mishap" at the gathering at which advances in the drive for nuclear weapons will likely be hailed.

S.Korea c.bank says it will keep policy easy to support economy, structural overhaul 29 Apr 2016

SEOUL, April 29 South Korea's central bank plans to keep monetary policy accommodative for a while, it said in a biannual report on Friday, as the economy grows "very gradually" and inflationary pressures remain low.


Philippines wants coordinated patrols to protect ships from rebels 28 Apr 2016

MANILA The Philippines has been discussing coordinated naval patrols on its southern maritime borders with Indonesia and Malaysia to protect shipping after attacks and kidnappings by Islamist militants, its foreign minister said on Thursday.


LG Elec sees strong second quarter results after 66 percent jump in first-quarter profit 28 Apr 2016

SEOUL South Korea's LG Electronics predicted sequential growth in revenue and profit in the second quarter after reporting its best first-quarter results in nearly two years, driven by its appliances and TV operations.


Russia says talks to extend Syrian lull in fighting to Aleppo

MOSCOW/BEIRUT Russia said on Sunday talks were taking place to include Aleppo in a temporary lull in fighting declared by the Syrian army in some western parts of the country, a sign of intensified efforts to halt a surge of violence in Syria's former commercial capital.