South Korea
North Korea 'behind South Korean bank cyber hack'
May 03, 2011Prosecutors in South Korea say North Korean hackers were behind an attack that paralysed a leading bank last month. Banking operations at Nonghyup, a South Korean farm co-operative, were halted by the cyber intrusion, leaving customers unable to access...
Russia seeks investment and trade in South Korea
November 10, 2010On Russia's coat of arms, the double-headed eagle looks west and east. Russia's president is now in South Korea, promoting energy sales to Korea and Korean investment in Russia. Russia's President Dmitry Medvedev is promoting a 40-year deal to sell...
US, S. Korean presidents pledge to quickly resolve free trade differences
November 02, 2010South Korea's government says presidents Lee Myung-bak and Barack Obama have promised to resolve differences on a trade pact before Seoul hosts the Group of 20 leaders' summit next week. The office of the South Korean president says Mr. Lee Tuesday...
Geithner to pursue currency norms at G20 meeting
October 21, 2010U.S. Treasury Secretary Timothy Geithner says he will urge his G20 counterparts to agree on better rules to regulate currency exchange rates when they meet later this week in South Korea. Fears of a "currency war," in which countries devalue...
South Korea's mobile harbor 'makes waves' in shipping business
January 08, 2010South Korea says the next big thing in sea transport is a relatively small vessel. Government-funded researchers hope to commercialize an idea called a mobile harbor. The developers aim to expand global shipping options while reining in carbon...
Dubai Debt, Dollar Slide Fuel Market Slump in Asia
November 27, 2009State-owned investment company Dubai World, which manages much of the city-state's massive development projects, is asking creditors for a delay in repaying about $60 billion in debt. Concerns over debt problems in Dubai and an eroding U.S. dollar have...
Job Losses Weigh on US Consumers; Concerns Mount in Britain
July 24, 2009Many Americans appear to be too worried about earning money and keeping their jobs to feel good about the world's largest economy. A widely watched index of U.S. consumer sentiment, the Reuters/University of Michigan Surveys of Consumers, declined in...
South Korea jobless rate eases
October 17, 2007South Koreans received more confirmation of an improving economy with the September jobless rate dipping to 3 percent from August’s 3.1 percent. Yonhap reported Wednesday the September number also was lower than the median 3.08 percent forecast...
S.Korea makes no change in interest rate
September 07, 2007South Korea Friday left its call rate unchanged, concerned more about the U.S. subprime mortgage crisis’ impact than its own rising liquidity. Bank of Korea, the country’s central bank, kept the September call rate, which is the interest...
Russia To Start Repaying Debt To South Korea
May 28, 2007The Russian Finance Ministry says Moscow will start repaying its outstanding debt of $1.33 billion to South Korea next month. The repayment process is expected to take 19 years. The ministry said Russia intends to repay 70 million dollars in cash...