Category: Korea
Korea doubles 2013 emissions reduction target
South Korea has doubled a target to reduce greenhouse gas emissions by local industrial and power sectors in 2013 to enhance competitiveness prior to a new cap-and-trade [...]
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Korea won nears 1-yr high as US data supports risk appetite
South Korea’s won climbed toward an almost one-year high as consumer data from the US supported demand for riskier assets. government bonds held steady. US retail sales [...]
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Korea minister sorry for border security failure
Defence minister Kim Kwan-jin on Monday apologised and pledged to discipline commanders responsible for the failure to detect a North Korea solider crossing the border. Kim [...]
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Korean officials blast IMF over Asian issues
Korea’s finance minister and top central banker criticised the International Monetary Fund (IMF) for its supposed failure to support the interests of Asian economies [...]
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WB to open office in Korea, finance ministry says
The World Bank plans to open an office in South Korea, according to an e-mailed statement from the Asian nation’s finance ministry. Jim Yong Kim, president of the World [...]
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Korea, Indonesia eye cooperation in eight large projects
Delegations from Indonesia and South Korea meeting for the two-day Korea-Indonesia Jeju Initiative in Jeju, South Korea, have agreed to cooperate on eight large-scale [...]
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Costco, Korea battle over Sunday closing rule
South Korean officials threatened stern action Thursday against retail giant Costco in an increasingly heated row over the US firm’s refusal to shut its wholesale club [...]
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Korean airport missed smoke grenade
South Korean security officials screened a man with a bulletproof vest before he got on a flight to Los Angeles, but they never detected a banned smoke grenade concealed in [...]
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Korea producer-price inflation accelerates to 4-month high
South Korea’s producer prices rose at the fastest pace in four months after typhoons damaged crops and international oil prices increased. Prices rose 1 percent in [...]
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Ambassador says Psy boosts Korea-US ties
K-pop sensation Psy may be raising the profile of more than just affluent southern Seoul these days. His viral hit “Gangnam Style” and its infectious horse dance [...]
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Korea central bank trims interest rate
The Bank of Korea (BoK) cut interest rates as well as growth forecasts, and although predicting a recovery ahead, its cautious view on the economy prompted many analysts to [...]
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Presidential politics in Korea
Since the days of Park Chung-hee’s often brutal dictatorship (he seized power in 1961 and was assassinated in 1979), South Korea has transformed itself as a democratic [...]
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Korean presidential favourite runs into trouble
Less than two months ago, Park Geun-Hye seemed a shoo-in to become South Korea’s first woman president, but that was before her campaign switched focus from getting her [...]
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Korea president scolds failed border watch
South Korean President Lee Myung-Bak on Thursday scolded his military for negligence after a North Korean soldier defector travelled unchecked across one of the world’s [...]
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Korea’s costly war on conglomerates
Rarely have large South Korean companies faced as much political blowback as they do right now. As South Korea’s December presidential election approaches, candidates, [...]
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