South Korea

Hyundai hit with $14 million verdict in U.S. airbag trial

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NEW YORK - A U.S. jury found South Korea's Hyundai Motor Co should pay $14 million to a Virginia man who suffered traumatic brain damage in a car accident after the side air bags in his 2008 Hyundai Tiburon failed to deploy.

China, South Korea push for North Korea talks

BEIJING - China's president welcomed his South Korean counterpart on Thursday as an "old friend of China" and agreed to make a push for new talks with North Korea on Thursday as two of Asia's newest leaders met for the first time.

World, China, North Korea 27 Jun 2013

GM's South Korea workers to stage partial strike July 4 over wages

SEOUL - Workers at General Motors Co's factories in South Korea, a key manufacturing base for the U.S. automaker, will stage a partial walkout on July 4 because of disputes over wages and production plans, a union spokesman said on Thursday.

26 Jun 2013

South Korea pledges 15 percent cut to Iran oil imports: sources

SEOUL - South Korea has pledged to the United States that it will cut imports of Iranian crude by 15 percent in the next six months to secure its next waiver to U.S. sanctions targeting Iran's nuclear program, two sources told Reuters.

World, 24 Jun 2013

North Korea anxiety sparks South Korean global property binge

LONDON - A jump in tensions with North Korea has fed a tenfold surge in overseas commercial property spending by investors south of one of the world's most heavily armed borders, making South Korea the largest property investor so far in 2013.

North Korea 23 Jun 2013

South Korea's Park set to charm China, show up the North

SEOUL - When the presidents of China and South Korea meet in Beijing this week, they will likely use a rapport that blossomed eight years ago to find common ground on North Korea as well as seek ways to boost already vibrant economic ties.

World, China, North Korea 23 Jun 2013

South Korea rejects preliminary casino licenses for Caesars, Universal

SEOUL/HONG KONG - South Korea has rejected preliminary casino licenses for two international bidders - a Caesars Entertainment Corp and Lippo Limited consortium, and Kazuo Okada's Universal Entertainment Corp - in a surprise move that could stall the government's casino development plans.

Entertainment, Fashion, 21 Jun 2013

South Korea turns up the heat as foreign automakers make inroads

SEOUL - Recent free trade deals have helped foreign premium-brand automakers such as BMW and Mercedes-Benz drive up sales in South Korea, previously a heavily protected market dominated by Hyundai Motor and affiliate Kia Motors.

World, 13 Jun 2013

NSA chief says U.S. infrastructure highly vulnerable to cyber attack

WASHINGTON - U.S. critical infrastructure - which ranges from telecommunications to water to energy supplies - is not well prepared to handle a destructive cyber attack, the top U.S. general in charge of cybersecurity said on Wednesday.

South, North Korea talks called off after row over delegates

SEOUL - Planned high-level talks between South and North Korean after a six-year hiatus and threats of war were scrapped on Tuesday, South Korean government officials said, over a seemingly minor disagreement over the diplomatic ranks of chief delegates.

World, North Korea 11 Jun 2013
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Egypt on the edge after Mursi rebuffs army ultimatum

CAIRO - President Mohamed Mursi rebuffed an army ultimatum to force a resolution to Egypt's political crisis, saying on Tuesday that he had not been consulted and would pursue his own plans for national reconciliation. | 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.