China eases control to let ruble fall faster against yuan

China is easing government exchange rate controls to let the Russian ruble fall faster in value against the Chinese yuan in a move that would help to insulate Beijing from economic sanctions on Moscow

S. Korea's president-elect wants tougher stance on N. Korea

South Korea’s president-elect Yoon Suk Yeol says he would solidify an alliance with the United States, build up a powerful military and sternly cope with North Korean provocations

Exit polls: Race to elect SKorea leader is too close to call

Exit polls released after South Korea’s hard-fought presidential election show that results for the two main candidates are too close to call

Asia stocks mixed after Wall St falls, US bans Russian oil

European stocks and Wall Street futures are higher as investors watch diplomatic efforts to end Russia’s attack on Ukraine

Asian shares extend losses as oil prices push higher

Asian shares have declined after Wall Street logged its biggest drop in more than a year as markets were jolted by another surge in oil prices

South Korea Economy

China calls Russia its chief 'strategic partner' despite war

China has said Russia is its “most important strategic partner," amid Beijing's continued refusal to condemn the invasion of Ukraine

Brent crude up $12, shares sink as Ukraine conflict deepens

The price of oil has jumped more than $12 a barrel and shares are sharply lower as the conflict in Ukraine deepens amid mounting calls for harsher sanctions against Russia

China seeing new surge in cases despite 'zero tolerance'

China is seeing a new surge in COVID-19 cases across the vast country, despite its draconian “zero tolerance" approach to dealing with outbreaks

S. Korean wildfire destroys 159 homes, forces 6,200 to flee

Thousands of South Korean firefighters and troops are battling a large wildfire that tore through an eastern coastal area and temporarily threatened a nuclear power station and a liquified natural gas plant