South Korea

ING's South Korean unit sale attracts three bids after delay

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SEOUL/HONG KONG - Dutch bank ING has attracted two more bidders for its South Korean insurance business, said a source with direct knowledge of the matter, taking the total number to three and raising the chances of a successful deal after an earlier sale fell through.

Korean women scrap meeting Japanese mayor over brothel remarks

OSAKA, Japan - Two elderly South Korean women forced to work in Japanese war-time military brothels canceled a meeting on Friday with the mayor of the city of Osaka after he refused to withdraw remarks asserting the brothels were "necessary" at the time.

Life, Japan 24 May 2013

Korean women scrap meeting Japanese mayor over brothel remarks

OSAKA, Japan - Two elderly South Korean women forced to work in Japanese war-time military brothels cancelled a meeting on Friday with the mayor of the city of Osaka after he refused to withdraw remarks asserting the brothels were "necessary" at the time.

World, Japan 24 May 2013

REFILE-S.Korea BOK Kim warns of risks from global cen banks unwinding policy

SEOUL, May 24 - South Korea's central bank chief warned on Friday that financial markets could suffer from turmoil when the world's major central banks wind down their unconventional monetary stimulus.

24 May 2013

Korean "grannies" cancel meet with Osaka mayor over war brothel remarks

OSAKA, Japan - Two elderly South Korean women forced to work in Japanese wartime military brothels abruptly cancelled a meeting with Osaka Mayor Toru Hashimoto after he refused to withdraw remarks asserting the brothel system was "necessary" at the time.

World, Japan 24 May 2013

Seoul shares drop 1.2 pct; Nikkei, China PMI spark investor jitters

* Telcos find favour as investors seek high-dividend issues

23 May 2013

S.Korea to take 1st Iran LPG cargoes in 7 months -sources

SEOUL, May 23 - South Korea will receive a shipment of Iranian liquefied petroleum gas (LPG) for the first time since imports were halted last October due to European sanctions that made it difficult to get shipping insurance, sources said on Thursday.

23 May 2013

As yen tumbles, Japan's gain isn't South Korea's pain

* Yen down 20 percent vs dollar over past year, won up by a third against yen

23 May 2013

UPDATE 1-S.Korea needs to keep easy policy for while: think tank

* Retail, credit data shows depressed consumer confidence

23 May 2013

S.Korea top think tank cuts growth, inflation forecasts

SEOUL, May 23 - South Korea's top government think tank recommended on Thursday the central bank keep monetary policy easy for the time being as the economy will likely grow much less than seen previously and inflation will hit a 14-year low.

23 May 2013
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Sixth night of violence in Sweden, but police say capital calmer

STOCKHOLM - Community patrols and a beefed-up police presence helped to calm violence around Stockholm overnight on Saturday but 20 to 30 cars were still torched in poor immigrant suburbs and serious incidents were reported outside the capital for the first time. | Video

Ethiopia and Eritrea: An elusive peace on the cards?

Ethiopia and Eritrea are still at each others’ throats. The two neighbours fought hammer and tongs in sun-baked trenches during a two-year war over a decade ago, before a peace deal ended their World War I-style conflict in 2000. Furious veRed Sea, UNrbal battles, however, have continued to this day.