South Korean

Samsung projects $14.1 billion Q4 operating profits

Seoul - Emiratesvoice

South Korean telecom giant Samsung Electronics expects to post record operating profit of $14.1 billion in the fourth quarter, it said Tuesday. The company estimated operating profits of 15.1 trillion won ($14.1 billion) in the October to December period, an all-time high for quarterly profits and nearly double the 9.2 trillion won posted a year earlier.Read more

Détente between Korean nations as Winter Olympics helps break ice

Dubai - Emirates Voice

Some South Korean officials are hoping the two Koreas may even march under a single flag at a sports opening ceremony for the first time in more than a decade. Five senior officials from each side will meet at the three-storey Peace House on the South Korean side of the Panmunjom truce village. As previously, cameras and microphones will beRead more

Trump, Macron discuss North Korea, Iran — White House

WASHINGTON - Emiratesvoice

US President Donald Trump and French President Emmanuel Macron spoke on Saturday, the White House said on Sunday, and Trump provided Macron with an update on developments on the Korean Peninsula and the two discussed demonstrations in Iran. The White House said the conversation was intended “to underscore” US, South Korean and international resolve to achieve the complete denuclearization ofRead more

US, South Korea to hold trade talks

Washington - Emiratesvoice

US and South Korean delegates will meet in Washington on January 5 for talks on possible amendments to their free trade agreement, officials announced Thursday. The Trump administration initiated talks to renegotiate the United States-Korea (KORUS) free trade agreement in July, arguing the 2012 deal was lopsided because American's bilateral trade deficit had ballooned under it.It will be the thirdRead more

EU seeks 'urgent' response

london - Emiratesvoice

The EU's top official for the euro single currency on Wednesday pressed European regulators to urgently update financial rules in order to face bitcoin's dizzying volatility. Crypto-currency bitcoin has soared almost 20-fold since the start of the year and this month saw it move into the mainstream as two major US exchanges began trading futures in the unit."The developments relatingRead more

Bitcoin suffers dramatic price plunge

london - Emiratesvoice

Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at the start of the week, took a hit as it emerged that South Korean exchange Youbit had been hacked, leading theRead more

S. Korea military fires warning shots at Northern troops after defection

Seoul - Emiratesvoice

South Korean soldiers fired around 20 warning shots when troops from the North approached the border after one of their comrades defected Thursday, Seoul's defence ministry said. The Northern border guards appeared to be searching for the man, who had earlier crossed the Demilitarized Zone in thick fog to defect to the South, a ministry spokesman told AFP.Read more

S. Korea prosecutors seek 25 years for ex-president's friend

Seoul - AFP

South Korean prosecutors on Thursday demanded a 25-year prison sentence for the powerful secret confidante of ousted president Park Geun-Hye, who was at the centre of the sprawling corruption scandal that brought down the head of state. Choi Soon-Sil was "the alpha and omega of the scandal", a prosecutor told the Seoul Central District Court, adding the prosecution "demands 25Read more

N. Korea fires ballistic missile

Seoul - Emirates Voice

North Korea fired an unidentified ballistic missile on Wednesday, according to the South Korean military Joint Chiefs of Staff. The missile flew eastward from South Pyongan Province according to Yonhap news agency, which said the South Korean military and US were analysing. The South's unification minister said Tuesday that signs of unusual activity had been detected in North Korea.Read more

Samsung sees further $3 bn profit hit from Note 7 crisis

Washington - Emirates Voice

Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact. The profit warning came two days after the South Korean electronics giant slashed its operating profit for the third quarter byRead more