Cho Mee-young

South Korea in talks for cut of El Paso assets: source

Mar 19 2012

SEOUL/NEW YORK South Korean state oil company Korea National Oil Corp is in talks to join a private equity-led consortium that has agreed to buy El Paso Corp's oil and natural gas assets for $7.15 billion, a source with direct knowledge of the matter said on Monday.

Asia oil buyers urge EU to revise sanctions on Iran

Mar 16 2012

TOKYO/SEOUL Japan, South Korea and global ship insurers are lobbying EU officials to revise planned sanctions against Iran to allow Europe's insurance market to continue to cover Iranian oil shipments to Asia, government and industry sources said.

Korea Resources says to invest $500 mln overseas projects this yr

Mar 16 2012

SEOUL, March 16 Korea Resources Corp (KORES) said on Friday that it will invest at least 600 billion won ($532.01 million) this year for overseas resource development, and it is looking into acquiring stakes in bituminous coal mines in Indonesia and North America this year.

S.Korea opposition party vows to stop new nuclear plants

Mar 12 2012

SEOUL, March 12 The leader of the main South Korean opposition party pledged on Monday to scale back ambitious plans to build more nuclear power plants if it wins elections this year, saying Japan's Fukushima crisis had sent mankind a "shocking warning".

Iran feels sanctions pinch as Asia traders cut ties

Feb 08 2012

KUALA LUMPUR, Feb 8 Malaysia has halted palm oil exports to Iran because of payments problems and Asian oil buyers have cut crude purchases as Western sanctions tighten a financial noose around Iran.

NYMEX-Crude down on firmer dollar; limited by Iran

Jan 08 2012

SEOUL, Jan 9 U.S. crude oil futures fell in early Asian trade on Monday as a stronger U.S. dollar made the dollar-denominated asset costlier, but the fall was capped by supply concerns after Iran's threat to shut a key oil-shipping route.

World News

Turkey to expel US envoy and nine others, Erdogan says

ISTANBUL (Reuters) -Turkish President Tayyip Erdogan said on Saturday that he had told his foreign ministry to expel the ambassadors of the United States and nine other Western countries for demanding the release of philanthropist Osman Kavala.