Bloomberg North and South Korea staged a symbolic ground-breaking ceremony to upgrade severed rail links, although UN Security Council approval would be needed to advance the project. Long-stalled plans to restore rail links severed by the Korean War were revived in historic summits by North Korea leader Kim Jong-un and South Korean President Moon Jae-in earlier this year. While South ...

Bloomberg It’s a familiar story: a Japanese company is embroiled in scandal, then executives take pay cuts in a bid to make everything right. SMBC Nikko Securities Inc. is the latest firm to do just that. Chief Executive Officer Yoshihiko Shimizu and Chairman Tetsuya Kubo are forgoing 20 percent of their salaries for two months after a former employee was ...

Bloomberg Thailand named Ruenvadee Suwanmongkol as secretary general of the Securities & Exchange Commission, appointing a woman to run the market regulator for the first time. Ruenvadee, who is currently the director general of the Legal Execution Department at the Ministry of Justice, will begin her new position on May 1, according to a statement on the government’s website. Prime ...