Shares of a luxury hotel led by Samsung Electronics Vice Chairman Lee Jae-yong’s younger sister were on the rise amid rumors that she might fill the group’s leadership vacuum. Shares in Hotel Shilla, led by Lee Boo-jin, the eldest daughter of Samsung Group Chairman Lee Kun-hee, soared Friday as market watchers speculated the 46-year-old female tycoon may succeed her brother in managing South Korea’s most powerful conglomerate.
Category: South Korea
Hanjin Shipping ends 40 years of sailing
A court in South Korea has declared the bankruptcy of Hanjin Shipping, after two weeks of appeals that ended Friday, bringing to a close 40 years of the company’s history as a leading shipping line and leaving challenges for the industry. The demise of the company — once the largest shipping company here and the world’s seventh biggest — began in 2008 in the midst of the financial crisis.
[Weekender] Driven by parents’ desire, Korea’s kids market thrives
Kim Ji-young, a mother of a 7 year-old boy in Seoul, has been busy shopping. “My kid becomes a first grader this school year and there’s a lot to buy before he starts to attend classes,” she said, adding that she has been looking for a desk.
Samsung Chief Jay Y. Lee Arrested Over Alleged Role In Corruption Scandal
Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world’s biggest maker of smartphones and memory chips. The 48-year-old Lee, scion of the country’s richest family, was taken into custody at the Seoul Detention Centre after waiting there overnight for the decision.
South Korean court approves arrest of Samsung heir
A South Korean court approved on Friday the arrest of a billionaire heir to Samsung accused of bribery and other charges in connection to a massive corruption scandal. The Seoul Central District Court’s decision to issue a warrant to arrest Lee Jae-yong, 48, a vice chairman at Samsung Electronics and the only son of Samsung chair Lee Kun-hee, makes him the first leader in Samsung’s history to be arrested on criminal charges.
North Korea and its long history of using female spies
A South Korean passenger plane that exploded off the coast of Southeast Asia. Army officers lured into sexual encounters.
Woman arrested in killing of N. Korean leader’s half brother
FILE – In this May 4, 2001, file photo, a man believed to be Kim Jong Nam, the eldest son of then North Korean leader Kim Jong Il, looks at a battery of photographers as he exits a police van to board a plane to Beij… . A police officer controls traffic in front of a hospital’s forensic department in Kuala Lumpur, Malaysia, Wednesday, Feb. 15, 2017.
Woman arrested in killing of half-brother of North Korean leader Kim Jong Un
Malaysian police arrested a woman Wednesday in connection with the death of North Korean leader Kim Jong Un’s half brother. Police released a statement saying the woman was carrying Vietnamese travel documents when she was arrested at Kuala Lumpur International Airport.
More questions than answers in assassination of Jim Jong Un’s half brother
It looks like a perfectly staged assassination, straight out of the pages of a spy novel: Kim Jong Nam, the estranged, exiled half brother of North Korean leader Kim Jong Un, falls ill at a Malaysian airport, complains of being sprayed with some sort of chemical, and drops dead. A look at what officials are trying to piece together as they work to reconstruct what appears to be one of the most audacious, mysterious assassinations in recent Asian history: Kim Jong Nam, a jovial, overweight gambler and playboy, had embarrassed Pyongyang before – he tried to sneak into Tokyo Disneyland; he criticized his half brother – but he’s been generally seen more as an annoyance than an existential threat to North Korea’s stability.
Malaysia detains woman, seeks others in North Korean murder
A man watches a television showing news reports of Kim Jong-Nam, the half-brother of North Korean leader Kim Jong-Un, in Seoul on Feb. 14, 2017. A man watches a television showing news reports of Kim Jong-Nam, the half-brother of North Korean leader Kim Jong-Un, in Seoul on Feb. 14, 2017.
Slain brother was complicated part of North Korean dynasty
FILE – This combination of file photos shows Kim Jong Nam, left, exiled half-brother of North Korea’s leader Kim Jong Un, in Narita, Japan, on May 4, 2001, and North Korean leader Kim Jong Un on May 9, … SEOUL, South Korea – A failed attempt to sneak into Japan to visit Disneyland in 2001 may have doomed the leadership dreams of North Korean dictator Kim Jong Un’s elder brother, who was assassinated this week in an airport in Malaysia. Banished from his father’s favor, Kim Jong Nam frequented casinos and five-star hotels and traveled around Asia, with little say in North Korean affairs.
Police: Woman arrested in apparent assassination of Kim Jong Un’s half-brother
Police: Woman arrested in death of Kim Jong Un’s half-brother Kim Jong Nam, 46, was murdered in Malaysia on Monday. Check out this story on eveningsun.com: http://usat.ly/2lOHzOX The estranged half-brother of North Korean leader Kim Jong Un has been killed in Malaysia, a South Korean government source told Reuters on Tuesday.
Police looking for clues in death of NKorea leader’s brother
Police were checking surveillance tapes Wednesday for clues about who may have assassinated the half-brother of North Korean leader Kim Jong Un at an airport in Kuala Lumpur, a senior official said. An autopsy will also be performed on the body of Kim Jong Nam, police said.
North Korean ambassador summoned to Foreign Office
The British Foreign Office summoned the North Korean ambassador to the UK, Choe II, after the isolated country test-launched a ballistic missile. Over the weekend, North Korea carried out a test launch of a missile , which travelled around 500km and landed in the Sea of Japan.
North Korea claims missile launches were ‘self-defence,’ rejects UN criticism
North Korea said on Tuesday its missile launches were “self-defence measures”, rejecting U.N. Security Council criticism of its weekend test, but the United States demanded international action against Pyongyang’s weapons programs. North Korea’s ballistic missile firing on Sunday was its first direct challenge to the international community since U.S. President Donald Trump took office on Jan. 20. The missile had a range of more than 2,000 kms , according to South Korea’s intelligence agency.
Supporters of Indonesia capital’s governor in colorful push for votes
Jakarta governor Basuki Tjahaja Purnama take pictures with residents during his campaign at Jatinegara district in Jakarta, Indonesia, February 6, 2017 in this photo taken by Antara Foto. Picture taken February 6, 2017.
AP Sources: Justice warned White House about Flynn contacts
Joseph Dunford, left, and National Security Adviser Michael Flynn as he arrives via Air Force One at MacDill Air Forc… . Kellyanne Conway, left, and Stephen Miller, both senior advisers to President Donald Trump, walk to a news conference with President Donald Trump and Japanese Prime Minister Shinzo Abe, Feb. 10, 2017, at the White House in Washin… .
Trump ‘evaluating the situation’ involving Flynn, Russia
Joseph Dunford, left, and National Security Adviser Michael Flynn as he arrives via Air Force One at MacDill Air Forc… . Kellyanne Conway, left, and Stephen Miller, both senior advisers to President Donald Trump, walk to a news conference with President Donald Trump and Japanese Prime Minister Shinzo Abe, Feb. 10, 2017, at the White House in Washin… .
UN chief condemns NKorea missile test ahead of UN meeting
U.N. Secretary-General Antonio Guterres strongly condemned North Korea’s latest ballistic missile launch Monday ahead of an urgent meeting of the Security Council. Guterres called the launch “a further troubling violation of Security Council resolutions” and urged North Korea to comply with its international obligations, U.N. deputy spokesman Farhan Haq said.
North Korean missile test may have been big step forward
A man watches a TV news program showing a photo published in North Korea’s Rodong Sinmun newspaper of North Korea’s “Pukguksong-2” missile launch, at Seoul Railway station in Seoul, South Korea, Monday, Feb. 13, 2017. In an implicit challenge to President Donald Trump, North Korea fired a ballistic missile early Sunday in its first such test of the year.
UN Security Council meeting sought over NKorea missile test
A man watches a TV news program showing photos published in North Korea’s Rodong Sinmun newspaper of North Korea’s “Pukguksong-2” missile launch and North Korean leader Kim Jong Un at Seoul Railway Station in Seoul, South Korea, Monday, Feb. 13, 2017. In an implicit challenge to President Donald Trump, North Korea fired a ballistic missile early Sunday in its first such test of the year.
South Korean prosecutors summon Samsung heir Lee
In this Jan. 18, 2017 file photo, Lee Jae-yong, front, a vice chairman of Samsung Electronics Co.
South Korea to import 4.8 million vaccines against foot-and-mouth disease
A health officer checks a cattle in a farm in Gimje as a preventive measure against foot-and-mouth disease after South Korea on Monday confirmed a case of food-and-mouth at a dairy farm elsewhere in the country, South Korea, February 6, 2017. Moon Yo-han/News1 via South Korea’s agriculture ministry said on Monday it will import 4.8 million doses of foot-and-mouth vaccine by the end of this month in an effort to prevent further spread of the viral disease.
Trump, Abe express close bonds after NKorea’s missile launch
A man watches a TV news program reporting about North Korea’s missile launch with a file image of a North Korean missile at the Seoul Train Station in Seoul, South Korea, Sunday, Feb. 12, 2017. North Korea reportedly fired a ballistic missile early Sunday in what would be its first such test of the year and an implicit challenge to President Donald Trump’s new administration.
North Korea test-fires missile, apparently challenging Trump
PYONGYANG, Korea, Democratic People’s Republic Of – In an implicit challenge to President Donald Trump, North Korea appeared to fire a ballistic missile early Sunday in what would be its first such test of the year. After receiving word of the launch, Trump stood at his south Florida estate with Japanese Prime Minister Shinzo Abe, who called the move “intolerable.”
new North Korea reportedly test fires missile, challenging US
In this Sunday, Jan. 1, 2017 file photo, South Koreans watch a TV news program showing North Korean leader Kim Jong Un’s New Year’s speech, at the Seoul Railway Station in Seoul, South Korea. North Korea reportedly fired a ballistic missile early Sunday, Feb. 12, 2017, in what would be its first such test of the year and an implicit challenge to President Donald Trump’s new administration.
North Korea fires missile as tensions rise
North Korea fires missile as tensions rise North Korea fired an unidentified projectile into the sea off its east coast early Sunday local time. Check out this story on northjersey.com: http://usat.ly/2kxZ8BQ US President Donald Trump and Japanese Prime Minister Shinzo Abe posed for photos with their wives on Saturday night before having dinner together at Mar-a-Lago resort in Palm Beach, Florida.
LIVE! N Korea fires ballistic missile to ‘provoke’ Trump, says Seoul
North Korea has fired a ballistic missile apparently to ‘provoke’ new United States President Donald Trump, the South Korean defence ministry said on Sunday. The missile was launched at around 7.55 am from Banghyon air base in the western province of North Pyongan.
10 Korean food processors coming in May
TEN Korean food processors from the South Korean Foreign Trade Service Corps will come in May to help improve food processing and branding of Philippine products. Department of Trade and Industry Regional Director Maria Belena Ambi Wednesday, February 8, said the Koreans will also talk and mentor local food processors willing to learn more about food processing technologies.
10 Things to Know for Thursday
In this Jan. 21, 2017, file photo, protesters stage a candlelight vigil calling for impeached President Park Geun-hye to step down in Seoul, South Korea. The Pyeongchang Olympics have been drawn into the country’s biggest political scandal in decades.
Phoseon Technology Exhibits LED Curing Solutions at Advanced Tech Korea
Phoseon will showcase the latest UV LED curing solutions for adhesive, coating and ink applications at the upcoming Advanced Tech Korea event in Seoul, South Korea. Visit the Phoseon exhibit, booth number C-11, to learn how Phoseon LED technology is a perfect fit for your application.
BRIEF-Canaccord Genuity Group announced appointment of Michel Perera as Chief Investment Officer
* Says its buyout fund and partners has completed purchase of Netherland’s Nexperia for $2.75 billion via a consortium SEOUL, Feb 8 Hyundai Motor said on Wednesday it may procure electric vehicle batteries from Chinese companies for a planned China model after South Korean battery makers failed to make a list of approved vendors last year.
BRIEF-Xura to change company name to Mavenir Systems upon completion of Mitel Mobile acquisition
LONDON, Feb 8 European shares rose on Wednesday led by mining stocks and financials on a heavy day for regional corporate results.
BRIEF-Russia’s Detsky Mir says IPO raises 21.1 bln roubles
Source text for Eikon: Further company coverage: LONDON, Feb 8 European shares rose on Wednesday led by mining stocks and financials on a heavy day for regional corporate results.
Why Trump Should Sanction China
As Trump’s Secretary of Defense James Mattis tours Asia to pledge support to our allies, the best form of reassurance would be action against China’s provocative moves in the region. Secretary of Defense James Mattis is now ending his “Mission Reassurance,” the first foreign trip by a Trump administration official.
Police: Koreans safe in NegOcc
TOP officials of Negros Occidental Police Provincial Office led by Senior Superintendent William Senoron met with the leaders of the Korean community Friday afternoon to assure them that they are safe in the province. The meeting, held at Nocppo headquarters at Camp Alfredo Montelibano Sr. in Bacolod City around 4 p.m., came on the heels of the investigations on the kidnapping of a South Korean businessman who was eventually killed inside the Philippine National Police headquarters in Camp Crame, Quezon City.
Pentagon chief: US has no plans to increase Mideast forces
U.S. Defense Secretary Jim Mattis said Saturday the U.S. cannot afford to ignore destabilizing moves by Iran, but has no plans to respond by increasing American military forces in the Middle East. Mattis spoke at a joint news conference in Tokyo with his Japanese counterpart, Tomomi Inada.
Pentagon chief: US has no plans to increase Mideast forces
In an explicit warning to North Korea, U.S. Defense Sec… . U.S. Defense Secretary Jim Mattis, left, and South Korean Defense Minister Han Min Koo salute during a welcome ceremony for Mattis at Defense Ministry in Seoul, South Korea, Friday, Feb. 3, 2017.
US-Japan alliance ‘cornerstone’ of stability: Mattis1 hour ago
US Defence Secretary James Mattis today told his Japanese counterpart that their alliance remained a “cornerstone” of regional stability as he wrapped up a visit aimed at reassuring key Asian allies about Washington’s commitment to their security. Japan and the US have a decades-long security alliance while US-South Korea military ties date back to the 1950-53 Korean War.
UPDATE 1-Japan says it hopes Mattis visit strengthens regional security
U.S. Defense Secretary Jim Mattis shakes hands with Japan’s Defense Minister Tomomi Inada during their meeting at the Defense Ministry in Tokyo, Japan, February 4, 2017. U.S. Defense Secretary Jim Mattis speaks to Japan’s Defense Minister Tomomi Inada during their meeting at the Defense Ministry in Tokyo, Japan, February 4, 2017.