Japan-South Korea spat an economic lose-lose

Japan-South Korea spat an economic lose-lose

A diplomatic spat that prompted Japan and South Korea to downgrade trade and military ties is an economic lose-lose, experts say, with both countries already feeling the impact. South Korean firms are now scrambling to find alternative suppliers beyond Japan, while Japan’s tourism industry is counting the cost of plunging visitor numbers from South Korea. […]

Japan Tightens Exports on South Korea – Retaliation Has Led To Intel Cut Offs

Japan Tightens Exports on South Korea – Retaliation Has Led To Intel Cut Offs

South Korea said yesterday it will scrap an intelligence-sharing pact with Japan, drawing a swift protest from Tokyo and deepening a decades-old dispute over history that has hit trade and undercut security co-operation over North Korea. Seoul’s decision not to extend the General Security of Military Information Agreement (GSOMIA) shows how the political and trade […]

The $87m Bitcoin Heist

The $87m Bitcoin Heist

The $87m Bitcoin Heist Chinese police have arrested three suspects alleged to have stolen assets worth 600 million yuan ($87 million) through hacking, state media reported Sunday, as cyber criminals target holders of bitcoin and other virtual currencies. Police in the northern city of Xian began investigating in March when a victim surnamed Zhang complained […]

2nd running of the Keeneland Korea Cup & Sprint

2nd running of the Keeneland Korea Cup & Sprint

Korea’s biggest day of racing of the year takes place at Seoul Racecourse on Sunday with the 2nd running of the Keeneland Korea Cup & Sprint. Ten overseas-trained runners are in the Korean Capital for the two races which have a combined purse of approaching $1.5Million. 10 races at Seoul from 10:45 to 18:00 and […]

China, Japan, South Korea to Reinforce Ties

China, Japan, South Korea to Reinforce Ties

China, Japan, South Korea to Reinforce Ties Chinese Foreign Minister Wang Yi, his Japanese counterpart Fumio Kishida and South Korean counterpart Yun Byung-se agreed on Wednesday that the 3 countries shall reinforce cooperation to promote regional stability and development. The Eighth China-Japan-South Korea foreign ministers’ meeting was held in Tokyo Wednesday. The foreign ministers” meeting […]

South Korea’s Household Consumption Falling

South Korea’s Household Consumption Falling

South Korea’s Household Consumption Falling Private (household) consumption in South Korea fell in Q-1 on lower household income, a government report revealed Friday. Monthly private consumption averaged 2,669,000 Won (US$2,262) per household during the January-March period, up 0.6% from the same frame last year, according to Statistics Korea. Real private consumption, adjusted for inflation, declined […]