Thursday 23 May 2013
 
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South Korea

Crude rallies after Israel hits Syrian targets

Crude futures rallied in Asia early on Monday due to geopolitical tensions in the oil-producing Middle East after Israel carried out a second air strike in Syria. The rally extended gains from better-than-expected job growth in th

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SKorea, North to hold joint industrial zone talks

South Korea said on Thursday it was proposing formal talks with North Korea to discuss restarting work at a joint factory zone located north of the rivals' heavily armed border that was suspended in early April amid growing security tensions

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US rejects NKorea demand for nuclear status

North Korea insisted on Tuesday that it be recognised as a nuclear weapons state, a demand the United States promptly dismissed as "neither realistic nor acceptable". After weeks of tension on the Korean peninsula, inclu

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NKorea demands recognition as nuclear state

North Korea demanded on Tuesday that it be recognised as a nuclear weapons state, rejecting a US condition that it agree to give up its nuclear arms programme before talks can begin. After weeks of tension on the Korean peninsula,

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World congress to discuss energy future

  The future prospects of the oil & gas, coal, nuclear, and renewables sectors will be discussed by leading figures in the energy sector at the 2013 World Energy Congress in South Korea in October.  

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US delays missile test to avoid NKorea tensions

The United States has decided to delay a long-planned missile test scheduled for next week out of California "to avoid any misperception or miscalculation," given tensions with North Korea, a senior US defense official said on Saturday

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Samsung eyes $7.7bn Q1 profit

South Korea's Samsung Electronics said yesterday it expected a sharp increase in first-quarter operating profit to 8.7 trillion won ($7.7 billion), up 52.9 per cent from the first three months of 2012. Samsung, the world's

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Kim seeks end to confrontation with S.Korea

North Korean leader Kim Jong-un called for an end to confrontation between the two Koreas, technically still at war in the absence of a peace treaty to end their 1950-53 conflict, in a surprise New Year speech broadcast on state media.

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STX wins $150m order from Iraqi government

STX Heavy Industries Company, the industrial plant business unit of South Korea's STX Group, said on Sunday it has obtained a $150 million order to construct and operate a power plant in Iraq. Under the turnkey contract signed

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South Korea widens nuclear plants probe

  South Korean regulators on Wednesday expanded a probe over fake safety certificates to cover all the country's 23 nuclear plants in a move that could dent rock-solid public support for the industry and threaten exports wort

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