Yoo Choonsik

South Korean opposition vows to get tough on chaebol

Feb 26 2012

GIMPO, South Korea South Korea's main opposition party pledged to rein in the country's huge business conglomerates, in some of its most explicit policy comments ahead of April parliamentary elections that opinion polls suggest it will win.

Risk from U.S., Europe reduced: World Bank economist

Feb 15 2012

SEOUL Recent positive developments in the United States and Europe have cut risk to the Latin American economy, but it is premature to say that the world has left its troubles behind, the World Bank's chief economist on the region told Reuters.

Inflation stays high in Asia, central banks face dilemma

Feb 01 2012

JAKARTA/SEOUL Consumer inflation stayed high across Asia in January and could pick up further in some countries in coming months, leaving their central banks with few options to cushion the economies from the global slowdown.

S. Korea manufacturing shrinks most in 3 years

Jan 01 2012

SEOUL South Korea's manufacturing sector shrank the most in nearly three years in December as global demand cooled, a survey showed on Monday, but President Lee Myung-bak cited inflation as a bigger risk in a year of big elections.

World News

U.S. sanctions Russia for 'malign' acts, Moscow reacts angrily

WASHINGTON/MOSCOW (Reuters) -The United States on Thursday imposed a broad array of sanctions on Russia, including curbs to its sovereign debt market, to punish it for interfering in last year's U.S. election, cyber-hacking, bullying Ukraine and other alleged "malign" actions.