South Korea

Samsung SDS to raise $1.1 billion in one of South Korea's biggest IPOs since 2010

SEOUL - Samsung SDS Co Ltd, the IT services unit of Samsung Group [SAGR.UL], expects to raise 1.16 trillion won ($1.09 billion) in a November share sale that would be one of South Korea's biggest in four years.

GE plans stake sale in two South Korean finance JVs: sources

- General Electric Co is planning to divest stakes in its joint venture auto-financing and credit card businesses in South Korea, people familiar with the matter told Reuters, as the U.S. conglomerate continues to trim its exposure to the financial services sector.

Deals, 30 Oct 2014

South Korean court-martial jails soldiers in hazing death case

YONGIN South Korea - A South Korean court-martial convicted four soldiers on Thursday of homicide for the beating death of a fellow conscript and sentenced them to long prison terms in a case that sparked an outcry about how enlisted are treated.

World, 30 Oct 2014

Korea Inc targets 'golden singles' amid consumer slump

SEOUL - As South Korea's population rapidly ages, makers of consumer goods from washing machines to packaged foods and pet products are increasingly targeting people like Lee Dong-soo, who is 34 and lives alone with his cat.

29 Oct 2014

Exclusive: BAE Systems says U.S. halted its work on F-16 upgrades for South Korea

WASHINGTON - The U.S. unit of Britain's BAE Systems Plc on Tuesday said the U.S. Air Force has halted some of the company's initial work on a project to upgrade South Korea's F-16 fighter jets amid ongoing talks about the second phase of the project.

Deals, Aerospace & Defense, 28 Oct 2014

Prominent defector says North Korea has taken his father hostage

SEOUL - A prominent North Korean defector who has advocated U.N. action to stop the country's human rights abuses said on Tuesday authorities have taken his father hostage in a campaign to discredit his story of survival and escape from a prison camp.

Samsung heir apparent moves to tighten grip on group firms

SEOUL - Samsung Group heir apparent Jay Y. Lee is moving to acquire small stakes in two of the group's financial firms, which analysts say will help the scion solidify control of South Korea's largest conglomerate as a succession looms.

Deals, Tech 28 Oct 2014

South Korea prosecutors seek death for captain of doomed ferry

GWANGJU South Korea - South Korean prosecutors on Monday sought the death penalty for the captain of a ferry that capsized in April, leaving 304 people, most of them school children, dead or missing, in a trial of 15 crew who abandoned ship before it sank. | Video

World, 27 Oct 2014

Samsung scales down LED lighting as outlook dims

SEOUL - Samsung Electronics Co Ltd said on Monday that it will cease its light emitting diode (LED) lighting business outside of South Korea, scaling back what was identified as a key growth business just four years ago.

Tech, Media 27 Oct 2014

South Korea group launches anti-North leaflets amid threats from Pyongyang

PAJU South Korea - South Korean activists launched balloons on Saturday to send leaflets to North Korea with messages critical of its leader, ignoring threats of military action from Pyongyang and a plea by Seoul not to jeopardize efforts to improve ties with the North.

World, North Korea 25 Oct 2014
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Kurdish peshmerga forces enter Syria's Kobani after further air strikes

SURUC Turkey/BAGHDAD - A convoy of Iraqi Kurdish forces in Turkey rolled late on Friday across the border into Syria to help Syrian Kurds defend the besieged town of Kobani that has become the focus of a Western-backed war against Islamic State insurgents. | Video