Iran crude exports to S. Korea down 44.4 in April

AME Info - Wednesday 22nd May, 2013

South Korea's oil import from Iran have dropped 44.4% year-on-year in April to 4.18 million barrels, Reuters has reported. The country's crude imports from Iran last month rose 4% compared with that of March, data from the state-run Korea National Oil Corp ...

S.Korea April department store sales fall vs year ago

Reuters - Wednesday 22nd May, 2013

SEOUL | Wed May 22, 2013 4:59pm EDT SEOUL May 23 (Reuters) - Sales at South Korea's top department store and discount store chains both fell in April from a year earlier for the first time in three months, underscoring shaky consumer confidence. Sales at department stores run by Hyundai Department Store , Lotte Shopping and Shinsegae fell by a combined 1.9 percent in April from a ...

South Korea trade deal produces bleak first-year results for U.S.

McClatchy - Wednesday 22nd May, 2013

WASHINGTON - More than a year after it took effect, a highly touted trade deal with South Korea has failed to produce as expected for the U.S.: Exports are down, imports are up and the trade deficit with the Asian economic powerhouse has ballooned. In Washington state, where global trade is now linked to 2 of every 5 jobs, trade backers are happy: Exports of aircraft and parts to Korea rose ...

Third UAE - Korea Economic Partnership Forum will commence on May 27 in Seoul

WAM - Wednesday 22nd May, 2013

WAM DUBAI, May 22nd, 2013 -- Under the patronage of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Third UAE - Korea Economic Partnership Forum begins on next Monday in South Korean Capital, Seoul. Minister of State, Abdulla Ghobash will be leading a UAE delegation of officials and representatives of the participating sectors and ...

S.Koreas economic effectiveness remains lower than advanced economies

Global Times - Wednesday 22nd May, 2013

South Korea's economic effectiveness remained low compared with those in advanced economies, indicating that the economy depended on quantitative expansion in labor and capital for its growth, the local think tank said Wednesday.Total factor productivity, which measures economic effectiveness, of South Korea accounted for 3.15 percent of its economic growth between 1981 and 2005, lower than ...

South Korea Japan US defense chiefs to meet

Inquirer - Wednesday 22nd May, 2013

Commander of the U.S. Naval Forces Korea, Rear Adm. William C. McQuilkin, left, salutes as Rear Adm. Michael S. White, commander of the Nimitz Strike Group, right, smiles from U.S. nuclear-powered aircraft carrier USS Nimitz upon its arrival at Busan port, south of Seoul, South Korea, Saturday, May 11, 2013. Ahead of the U.S. carrier’s visit to South Korea, North Korea on Friday called ...

S.Korea to launch $1.8b fund for small venture companies

Global Times - Wednesday 22nd May, 2013

South Korea planned to launch 2 trillion won ($1.8 billion) worth of funds to enhance access to the equity capital market by small, venture companies with innovative technology, the financial regulator said Wednesday."Our growth ecosystem showed shortfall in fund inflow into startup and venture companies that have high risks due to their uncertainties and asymmetric information," ...

S Korea beats Thailand at Sudirman Cup badminton championships

Global Times - Wednesday 22nd May, 2013

South Korea's Lee Yong Dae (front) and Ko Sung Hyun compete during men's doubles at the the 2013 Sudirman Cup world mixed team badminton championships against Jongjit Maneepong and Puanguapech Nipitphon of Thailand in Kuala Lumpur, Malaysia, on May 21, 2013. Lee Yong Dae and Ko Sung Hyun won 2-0. (Xinhua/Zhang ...

Seoul shares end at 7-week high on foreign buying autos

Reuters - Wednesday 22nd May, 2013

Wed May 22, 2013 3:23am EDT * Seoul shares rise as foreign buying extends to 4th day * Auto stocks rally on hopes over union agreement SEOUL May 22 (Reuters) - Seoul shares hit a 7-week closing high on Wednesday on robust foreign investor buying after Federal Reserve officials played down the chances of scaling back the bank's stimulus programme, with rallies in autos further lifting the ...

S. Koreas industrial power sales rise on export growth

Global Times - Wednesday 22nd May, 2013

Industrial electricity sales in South Korea rose last month due to a growth in exports, which account for more than half of the economy, a government report showed Wednesday.Power sales in the industrial sector, a barometer of industrial activities, reached 21.89 billion kilowatt-hours (kWh) in April, up 3.1 percent from a year earlier, according to the Ministry of Trade, Industry and Energy ...

Climbers from Bangladesh and South Korea die while descending from Everest

Asia News Network - Tuesday 21st May, 2013

Two climbers have died while descending from the summit of Mount Everest on Monday night, officials confirmed.The climbers have been identified as Mohammad Khalid Hussain of Bangladesh and Sung Ho-Seo of South Korea.Khil Lal Gautam, official at Tourism Ministry, said that Ho-Seo, who had climbed the peak without supplemental oxygen, refused to put on oxygen mask on returning to tent as suggested ...

Seoul Buriram Shabab Ahli into ACL quarters

Boston Herald - Tuesday 21st May, 2013

SEOUL, South Korea -- FC Seoul, Buriram United, Al Shabab and 2012 finalist Al Ahli advanced to the Asian Champions League quarterfinals on Tuesday.Seoul scored three second-half goals to beat Beijing Guoan 3-1 on the night and by the same margin overall to qualify for the quarterfinals for the third time in five years. Buriram drew 0-0 with Bunyodkor but won 2-1 at home last week, becoming the ...

FC Seoul fight back to oust Beijing Guoan

China.org.cn - Tuesday 21st May, 2013

Yun Il-lok scored once and provided an assist as K-League champions FC Seoul secured a third AFC Champions League quarter-final appearance in five years after recording a 3-1 comeback win over China's Beijing Guoan on ...

Buriram continue dream run FC Seoul advance

FIFA - Tuesday 21st May, 2013

Thai qualifiers Buriram United held off Uzbek giants Bunyodkor to reach the AFC Champions League quarter-finals on Tuesday as FC Seoul beat nine-man Beijing Guoan ...

Crackdown on Neglected Cars Starts

Chosun - Tuesday 21st May, 2013

The number of vehicle transfers rose 2.25 percent on-year to a record 1.14 million in the first four month of this year. But that does not mean consumer confidence is returning. While sales of foreign and second-hand cars increased, sales of new Korean models dwindled 1.5 percent on-year over the same ...

$5 Million Went to Rohs Son

Chosun - Tuesday 21st May, 2013

The number of vehicle transfers rose 2.25 percent on-year to a record 1.14 million in the first four month of this year. But that does not mean consumer confidence is returning. While sales of foreign and second-hand cars increased, sales of new Korean models dwindled 1.5 percent on-year over the same ...

Seoul shares may have 1st gain in 3 days await Bernanke

Reuters - Tuesday 21st May, 2013

SEOUL | Tue May 21, 2013 7:43pm EDT SEOUL May 22 (Reuters) - Seoul shares may climb for the first day in three on Wednesday after Federal Reserve officials played down the chances of a scaling back in the bank's stimulus programme but investors remain cautious before a scheduled speech by U.S. Fed chairman Ben Bernanke. "The market will open in the positive territory, but moves ...

First AIBA Pro Boxing bout set for South Korea in July

Inside the Games - Tuesday 21st May, 2013

May 21 - The International Boxing Association (AIBA) has announced the first ever AIBA Pro Boxing (APB) bout will take place on July 19 at Jeju Island in South Korea prior to the official launch of the competition next year. AIBA's most ambitious project to date, APB is looking to roll back decades of tradition by offering contracts that allow fighters to box professionally in the ...

Hashimoto brings South Korea into fray

Japan Times - Tuesday 21st May, 2013

South Korean soldiers were guilty of abusing women in wartime, Nippon Ishin no Kai (Japan Restoration Party) coleader and Osaka Mayor Toru Hashimoto said in comments reported Tuesday, days after provoking a storm by labeling sex slaves a military necessity. In a remark likely to fuel outrage and further stoke tensions in an already uneasy relationship, Hashimoto said the South Korean military ...

Seoul Buriram United into ACL quarterfinals

Boston Herald - Tuesday 21st May, 2013

SEOUL, South Korea -- FC Seoul advanced to the Asian Champions League quarterfinals for the third time in five years Tuesday, while Buriram United became the first Thai team to reach the last eight in 10 years.Seoul scored three second-half goals to beat Beijing Guoan 3-1 on the night and on aggregate following a scoreless draw last week. Buriram played out a 0-0 draw with Bunyodkor but won 2-1 ...

Nine-man Beijing knocked out by Seoul

Global Times - Tuesday 21st May, 2013

China's Beijing Guoan forward Frederic Kanoute (in green) competes for the ball with South Korea's FC Seoul defender Adilson during their AFC Champions League round of 16 match in Seoul on Tuesday. Photo: AFP FC Seoul recovered from going a goal down and missing a penalty to beat Beijing Guoan 3-1 and reach the Asian Football Confederation Champions League quarterfinals in a dramatic ...