S Korea tunnel tragedy: Officials ignored multiple warnings
Thirty-six officials in South Korea are under investigation for failing to prevent the tragedy. More »
Thirty-six officials in South Korea are under investigation for failing to prevent the tragedy. More »
Seoul scraps a centuries-old age-counting system in favour of international standards. More »
SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group’s Jay Y. Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection with a 2015 merger, dealing a new blow to the head of one of Asia’s most valuable companies. L... More »
TOKYO (Reuters) – Japanese ruling party heavyweight Fumio Kishida, who has declared his candidacy for the party leadership, said on Tuesday he can show strength in the economic and foreign policy fields and he wants to be a leader who listens to the people. Ki... More »
SEOUL (Reuters) – Two South Korean military intelligence officers have been indicted on charges of raping a North Korean defector, the South’s defense ministry said on Tuesday. According to Yonhap news agency, the victim filed a criminal complaint last year, a... More »
LOS ANGELES (Reuters) – K-Pop band BTS roared to the top of the Billboard Hot 100 singles charts in the United States on Monday, becoming the first Korean pop act to debut at No. 1. “Dynamite,” the first all-English language single from the seven-member boy ba... More »
SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group leader Jay Y. Lee on charges of manipulating stock prices and breach of trust in order to cement control of the group, a prosecution official said on Tuesday. Considering the gravity of manipula... More »
SYDNEY (Reuters) – Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar.... More »
(This August 13 story corrects to show that 2019 and 2020 H1 results are based on different accounting standards in paragraph 3, changes percentage change to profit figure in paragraph 1) By Joyce Lee SEOUL (Reuters) – Big Hit Entertainment, the management lab... More »
(Reuters) – Korean automaker Hyundai Motor Co (005380.KS) is creating a family of electric vehicles it will sell under the Ioniq brand as part of its drive to become the world’s third-largest seller of EVs by 2025, the company said on Sunday. Hyundai said the ... More »
SEOUL (Reuters) – Hyundai Motor Co (005380.KS) stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker... More »
LONDON (Reuters) – World stocks and the dollar rallied after a cautious European morning as thin summer trading led to sharp swings in the market, and worries about U.S. gridlock over the next round of coronavirus aid eased. In Europe, stocks were up 1.2% as t... More »
LONDON/TOKYO (Reuters) – Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the cor... More »
LONDON (Reuters) – Gold soared to an all-time high on worsening ties between the United States and China, a sinking dollar and ultra-low interest rates on Monday, while stock markets faltered before a deluge of corporate earnings. Europe’s main stock markets w... More »
SEOUL (Reuters) – Day traders seeking help for gambling addiction have tripled in number in South Korea, as COVID-19 social distancing and working-from-home has freed up more time for online stock market trading, data showed. Retail investors, known locally as... More »
SHANGHAI/SEOUL (Reuters) – Some K-pop stars’ accounts have been blocked from view on TikTok’s China equivalent Douyin, Reuters’ checks showed on Friday, days after South Korea’s media regulator slapped fines on the short-video app for data privacy noncomplianc... More »
BRUSSELS (Reuters) – EU antitrust regulators have again halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ (267250.KS) $1.8 billion merger with Daewoo (042660.KS), a European Commission filing showed. This is the third tim... More »
SEOUL (Reuters) – One in three South Korean patients seriously ill with COVID-19 showed an improvement in their condition after being given Gilead Sciences Inc’s antiviral remdesivir, health authorities said. More research was needed to determine if the improv... More »
SEOUL (Reuters) – Former team mates of a South Korean triathlete found dead last month after alleging she had been abused by her coaching staff said on Monday athletes endured a living “hell” and were habitually beaten and verbally abused. Choi Suk-hyeon, a me... More »
HANOI (Reuters) – Vietnam’s VinSmart, a unit of Vingroup, has produced its first 5G smartphones in cooperation with the U.S.’s Qualcomm, Vingroup said on Monday. The model, Vsmart Aris 5G, is equipped with a Snapdragon 765G 5G module platform and a quantum sec... More »
SEOUL (Reuters) – It is being hailed as a major win for democracy in South Korea. After 16 years in exile, a president this week triumphantly returned to claim his rightful place – on the front of a box of green onion-flavoured cereal. The limited edition of t... More »
LONDON (Reuters) – World stocks reversed earlier losses and the dollar slid on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn be... More »
SEOUL (Reuters) – Accounts by former U.S. National Security Adviser John Bolton of discussions between leaders of the United States and the two Koreas in his upcoming book are inaccurate and distorted, South Korea said on Monday. Bolton gives details in the bo... More »
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Sunday that Sept. 15 is the tentative date for the company’s shareholder meeting and its “Battery Day” at which it is expected to reveal significant advances in battery technology. The ba... More »
BEIJING (Reuters) – The Chinese Beidou navigation network will be complete this month when its final satellite goes into orbit, giving China greater independence from U.S.-owned GPS and heating up competition in a sector long dominated by the United States. Th... More »
(Reuters) – Im Sung-jae has enjoyed a longer run at the top of the Fedex Cup standings than many better-known players but the South Korean is taking nothing for granted as he plots his return to PGA Tour action in Texas this week. The hardworking world number ... More »
SEOUL (Reuters) – A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation. The ruling provided temporary relief for the vice chairman of Samsung... More »
SEOUL (Reuters) – Fans of the popular South Korean boy band BTS matched its $1 million donation to Black Lives Matter (BLM) in support of U.S. protests against police brutality, an organisation that runs fundraisers for the fans said on Monday. The K-pop group... More »
PRAGUE (Reuters) – Czech car production fell 31.1% year-on-year in the January-April period to 337,497 cars, the Automotive Industry Association said on Tuesday. In April alone, when the country ground to a standstill due to measures aimed to curb the coronavi... More »
SEOUL (Reuters) – The manager of South Korea’s popular boyband BTS has apologised on behalf of one of its members who went to a bar in April, contrary to government advice, just as the country is trying to contain a recent coronavirus outbreak around Seoul’s c... More »
SEOUL (Reuters) – South Korean authorities were combing through mobile phone data, credit card statements and CCTV footage on Tuesday to identify people who visited nightclubs at the centre of one of the capital’s biggest novel coronavirus clusters. More than ... More »
SEOUL (Reuters) – South Korean officials are calling for caution amid reports that North Korean leader Kim Jong Un may be ill or is being isolated because of coronavirus concerns, emphasising that they have detected no unusual movements in North Korea. At a cl... More »
SYDNEY/HONG KONG (Reuters) – Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, but the recent weak run in the global oil price showed no signs of ending. MSCI’s broad... More »
SEOUL (Reuters) – South Korean and Chinese officials on Tuesday cast doubt on reports North Korean leader Kim Jong Un was ill after media outlets said he had undergone a cardiovascular procedure and was in “grave danger”. Daily NK, a Seoul-based speciality web... More »
BEIJING (Reuters) – China is in talks with some countries to establish fast-track procedures to allow travel by business and technical personnel to ensure the smooth operation of global supply chains, the foreign ministry said on Tuesday. Foreign ministry spok... More »
SEOUL (Reuters) – U.S. oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark Brent dipped as the global coronavirus crisis severely reduces demand for crude. U.S. West Texas Inter... More »
SEOUL (Reuters) – South Korean exports plunged nearly 27% in the first 20 days of April as the coronavirus health crisis paralyzed global manufacturing activity and crushed consumer demand. The worst may be yet to come with many of the country’s top trading pa... More »
TOKYO/SINGAPORE (Reuters) – Global equities weakened on Monday as investors braced for more indications of economic damage from the coronavirus pandemic while oil prices rose in choppy trade following a landmark deal by OPEC and its allies to cut output. U.S. ... More »
SEOUL (Reuters) – South Korea reported on Monday that at least 116 people initially cleared of the new coronavirus had tested positive again, although officials suggested they would soon look at easing strict recommendations aimed at preventing new outbreaks. ... More »
SEOUL (Reuters) – South Korea plans to send 600,000 coronavirus testing kits to the United States on Tuesday in the first such shipment following a request from U.S. President Donald Trump, a Seoul official told Reuters on Monday. Trump made the request for te... More »
SEOUL (Reuters) – Kia Motors Corp (000270.KS) told its labour union in South Korea that it wants to suspend operations at three of its domestic factories as the coronavirus outbreak weighs on exports to Europe and the United States, a union official said on Mo... More »
SYDNEY (Reuters) – Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive. Equity i... More »
SEOUL (Reuters) – South Korea reported fewer than 50 new coronavirus cases for the first time since its peak at the end of February as daily infections in Asia’s largest outbreak outside China continued to trend downward. The Korea Centers for Disease Control ... More »
SEOUL (Reuters) – The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened con... More »
(Reuters) – Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of COVID-19. Here is a list of countries in alphab... More »
SEOUL (Reuters) – For student Kim Jin-won, watching his favourite baseball team’s practice games live on YouTube is a rare slice of happiness while stuck at home during South Korea’s social distancing campaign aimed at curbing the spread of the coronavirus. Th... More »
SEOUL (Reuters) – South Korea is struggling to retain its lead in global next-generation 5G telecom services, as the coronavirus pandemic further cools sentiment of consumers whose interest in the technology has waned due to cost and quality concerns. The Asia... More »
SEOUL (Reuters) – A South Korean K-Pop star on Wednesday pulled an April Fool’s prank announcing that he had contracted coronavirus, and later removed the Instagram post after triggering a backlash. Kim Jae-joong, a member of boyband JYJ, posted on his Instagr... More »
SYDNEY/HONG KONG (Reuters) – Asian shares slid on Monday as fears mounted that the global coronavirus shutdown could last for months although markets regained some lost ground late in the session with Australia posting a standout jump. U.S. and European future... More »
TOKYO (Reuters) – Japan will step up its efforts to stop the spread of coronavirus by banning the entry of foreign citizens traveling from the United States, China, South Korea and most of Europe, the Asahi newspaper reported on Monday. Non-Japanese citizens w... More »
(Reuters) – As China reopens its economy after months of lockdown, Apple Inc’s (AAPL.O) iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for the company is how many buyers there will... More »
SEOUL (Reuters) – Technology giant Samsung Electronics has adopted electronic voting for the first time ever for this year’s annual general meeting (AGM) on March 18, urging shareholders to use it to help curb the spread of coronavirus. Samsung’s AGM is taking... More »
(Reuters) – Nike Inc, Lululemon Athletica Inc and Under Armour Inc on Sunday said they would close stores in the United States and other markets, joining a growing list of major retailers moving to help limit the spread of the coronavirus. The virus, which beg... More »
SEOUL/GAPYEONG, South Korea (Reuters) – The founder of the church at the center of South Korea’s coronavirus outbreak apologized on Monday after one of its members tested positive for the virus and infected many others, calling the epidemic a “great calamity”.... More »
SEOUL (Reuters) – North Korea fired two short-range missiles off the east coast into the sea on Monday, resuming testing after a three-month pause, South Korea’s military said. The missiles were launched from the eastern coastal city of Wonsan and flew 240 km ... More »
SEOUL (Reuters) – The projectiles North Korea fired on Monday flew 240 km (150 miles) and reached 35 km in altitude, South Korea’s Joint Chiefs of Staff (JCS) said. North Korea fired two short-range projectiles off its eastern coastal city of Wonsan – from whe... More »
TOKYO (Reuters) – Japan’s defence ministry said on Monday there was no indication that North Korea projectiles reached Japan’s territory or its exclusive economic zone. South Korea’s defence ministry said earlier North Korea fired two unidentified projectiles ... More »
BEIJING (Reuters) – China on Monday reiterated a call for dialogue in response to North Korea’s latest missile launch and said all sides involved in efforts to rid the Korean Peninsula of nuclear weapons should reconcile conflicts through discussion. Foreign m... More »
BERLIN (Reuters) – Lufthansa (LHAG.DE) said on Monday that it was suspending flights to China until April 24 and to Tehran until April 30 due to the coronavirus outbreak. Lufthansa said it was also adjusting its flights to northern Italy. It said Austrian Airl... More »
BEIJING/SHANGHAI (Reuters) – The Chinese city at the center of the coronavirus epidemic closed its first makeshift hospital, one of 16 hurriedly built to handle the epidemic, after it discharged the last recovered patients, state broadcaster CCTV reported on M... More »
SEOUL (Reuters) – South Korea reported on Monday 476 new coronavirus cases, taking its national tally to 4,212, as the government of Seoul sought a murder investigation into a controversial church at the center of the country’s outbreak. The new cases followed... More »
SEOUL (Reuters) – South Korea reported 123 new coronavirus cases, taking the country’s total infections to 4,335, the Yonhap news agency said, citing health authorities. The updated numbers added to the 476 recorded earlier by the Korea Centers for Disease Con... More »
(Reuters) – The World Baseball Softball Confederation (WBSC) said on Monday it has postponed its final qualification tournament for the Tokyo Olympics to June because of the coronavirus epidemic. The six-team event, originally scheduled for April 1-5 in Taiwan... More »
SEOUL (Reuters) – Hyundai Motor (005380.KS) reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major indicator of damage to the broader auto sector from the epidemic. It turned in a pr... More »
DUBAI (Reuters) – Kuwait’s Health Ministry announced 10 new cases of coronavirus in the country on Monday bringing the total number to 56, a ministry official said. The official, who was speaking during a news conference broadcast on state television, urged ci... More »
SINGAPORE/SYDNEY (Reuters) – Asian shares regained a measure of calm on Monday as markets bounced after a searing sell-off last week and as investors pinned hopes on a likely coordinated global monetary response to help soften the economic blow of the coronavi... More »
HANOI (Reuters) – Samsung Electronics has started building a $220 million research and development center in Vietnam, the South Korean tech giant’s local unit said on Monday. But a ground-breaking ceremony, scheduled for this past Saturday, was canceled becaus... More »
(Reuters) – A bad second shot at the final hole of the Honda Classic in Florida on Sunday cost Tommy Fleetwood a chance for his first PGA Tour victory. Needing a birdie at the par-five to force a playoff, Fleetwood tried to fade a five-wood from 235 yards, but... More »
(Reuters) – South Korean Im Sung-jae hit a series of clutch shots down the stretch to clinch his first PGA Tour victory in style, a one-shot triumph at the Honda Classic in Florida on Sunday. Im, last year’s tour rookie of the year, broke through in his 50th s... More »
SEOUL (Reuters) – Samsung Electronics (005930.KS) and LG Innotek (011070.KS) have shut their factories in South Korea after a worker tested positive for the coronavirus, the companies said on Sunday. Samsung’s mobile device factory in Gumi, close to Daegu, whe... More »
(Reuters) – U.S. rock band Green Day on Friday called off all of the Asian shows in its upcoming world tour because of the coronavirus outbreak, the latest music act to pull back from performances in the region. The punk band’s Hella Mega tour was planned to h... More »
BEIJING/SEOUL (Reuters) – Fears of a coronavirus pandemic grew on Monday after sharp rises in new cases reported in Iran, Italy and South Korea but China relaxed restrictions on movements in several places including Beijing as its rates of new infections eased... More »
GENEVA (Reuters) – The World Health Organization (WHO) no longer has a process for declaring a pandemic, but the COVID-19 coronavirus outbreak remains an international emergency, a spokesman said on Monday. Fears of a coronavirus pandemic grew on Monday after ... More »
BEIJING (Reuters) – Urged to restore economic activity by President Xi Jinping, large parts of China relaxed curbs on transport and movement of people on Monday as reported new cases of the coronavirus outside the worst-hit province fell to the lowest in a mon... More »
HANOI (Reuters) – Bamboo Airways will suspend flights to South Korea from Feb. 26 over coronavirus concerns, the company said on Monday. Its flights between Da Nang and Nha Trang to Seoul’s Incheon International Airport will cease operations starting Feb. 26, ... More »
DUBAI (Reuters) – Kuwait and Bahrain on Monday recorded their first new coronavirus cases, all involving people who had visited Iran, which has reported 43 cases of the disease, state media said. Kuwait detected the virus in three people among 700 who had been... More »
SEOUL (Reuters) – Some South Korean workers at Samsung Electronics (005930.KS) and Hyundai Motor (005380.KS) are staying home as a precautionary measure as corporate Korea scrambles to prevent the coronavirus outbreak from causing widespread disruption in its ... More »
BEIJING (Reuters) – China’s foreign ministry said on Monday that Beijing was not considering issuing travel advisories for countries such as South Korea and Japan that are reporting an increase in coronavirus cases. Chinese foreign ministry spokesman Zhao Liji... More »
DUBAI (Reuters) – Qatar will ask passengers arriving from Iran and South Korea to remain in home isolation or a quarantine facility for 14 days over fears of new coronavirus outbreak, Qatar Airways said in a statement on Monday. Source: https://www.reuters.com... More »
SYDNEY (Reuters) – Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East. The large spi... More »
SEOUL (Reuters) – As the new coronavirus spreads in South Korea, private software developers have set up websites and apps to help people track cases and shun places where infected people have been in the hope of avoiding the fast-spreading virus. The governme... More »
(Reuters) – British nanotechnology company Nanoco said on Monday it has filed a patent infringement lawsuit against Samsung Electronics Co and affiliates in a district court in Texas relating to quantum dots. Nanoco, which produces quantum dots that are used t... More »
(Reuters) – Fifteen years after his first victory at Riviera, Adam Scott won the Genesis Open in Los Angeles on Sunday, and this time his victory is official. The Australian, a former Masters champion, overcame an early double-bogey to shoot one-under-par 70 a... More »
BEIJING (Reuters) – Workers began trickling back to offices and factories around China on Monday as the government eased some restrictions on working during a coronavirus epidemic that has killed more than 900 people, most of them on the mainland. The death to... More »
LOS ANGELES (Reuters) – “Parasite,” a dark social satire from South Korea, won the Oscar for best picture on Sunday, making history as the first film in a language other than English to claim the movie industry’s highest honor. “Parasite,” about the gap betwee... More »
SEOUL (Reuters) – South Korean social media erupted in celebration on Monday after the dark comedy “Parasite” became the first non-English language movie to win the Best Picture award, already having netted three other Oscars in a historic first for the countr... More »
BEIJING (Reuters) – China’s Foreign Ministry said that 27 foreigners in the country have been confirmed infected with the new coronavirus as of Monday morning, and two had died. An American died on Feb. 6 and a Japanese died on Feb. 8, ministry spokesman Geng ... More »
(Reuters) – Automakers including Daimler, Tesla and Ford are likely to restart production in China on Monday after being forced to shut factories for more than a week following a widespread outbreak of the coronavirus. However, some have further delayed reopen... More »
SYDNEY (Reuters) – Asian shares fell on Monday as the death toll from a coronavirus outbreak exceeded the SARS epidemic of two decades ago, though Chinese shares gained as authorities lifted some work and travel restrictions, helping businesses to resume opera... More »
LONDON (Reuters) – Britain said on Monday that the new coronavirus was a serious and imminent threat to public health, a step that gives the government additional powers to fight the spread of the virus. “The Secretary of State declares that the incidence or t... More »
LOS ANGELES (Reuters) – At an Oscars ceremony nearly devoid of acting nominees of color and lacking any women among the contenders for best director, it fell to an Asian filmmaker and his cast to bring diversity to the American film industry’s highest honors. ... More »
LOS ANGELES (Reuters) – The Academy Awards, the highest honors in the movie industry, were handed out on Sunday at a ceremony in Hollywood. Following is a list of winners in key categories: Best Picture “Parasite” (Neon) Best Actor Joaquin Phoenix – “Joker” Be... More »
LOS ANGELES (Reuters) – Three-year-old independent film distributor Neon upstaged the traditional Hollywood studios and streaming giant Netflix Inc on Sunday to grab the coveted best picture Oscar for South Korean have-and-have-nots tale “Parasite.” The movie ... More »
LOS ANGELES (Reuters) – South Korean Bong Joon Ho won the best director Oscar for dark social satire “Parasite” on Sunday, becoming the first person from the Asian nation to win the award. The film was one of the biggest winners at the Academy Awards, having a... More »
LOS ANGELES (Reuters) – South Korea’s “Parasite,” a pitch-black comedy about haves and have-nots in modern Seoul, won the Oscar for best international film on Sunday after also taking home the award for best original screenplay. The thriller, showing how strug... More »
SYDNEY/MONTREAL (Reuters) – Some aerospace companies including business jet manufacturers Textron Inc and General Dynamics Corp’s Gulfstream division said they no longer planned to attend the Singapore Airshow due to the new coronavirus epidemic. The trade por... More »
SHANGHAI (Reuters) – China’s top electric vehicle battery maker CATL (300750.SZ) said on Monday it has signed a battery supply agreement with Tesla (TSLA.O). Tesla will determine the battery purchase volume between July 2020 and June 2022, according to its own... More »
SHANGHAI (Reuters) – The Shanghai government has said companies in the city are not allowed to resume operations before Feb. 9, an official at the municipality announced at a press conference on Monday. The measure is applicable to government and private compa... More »
BEIJING (Reuters) – Macau said on Monday it will deny entry to visitors from China’s Hubei province or those who visited the province 14 days prior to arrival unless they can provide documentation showing they are not infected with the virus that broke out in ... More »
SHANGHAI (Reuters) – The mayor of Wuhan, the city where China’s coronavirus outbreak originated, said on Monday the city’s management of the virus was “not good enough”. Zhou Xianwang made the remarks in an interview with state broadcaster CCTV. The death toll... More »