Companies

Social change

South Korean conglomerates pushed to improve transparency

SEOUL -- Though South Korean conglomerates have enjoyed rapid growth thanks to bold investment decisions by their owner-managers, many suffer from poor management transparency. Samsung was taken to court in Seoul last month by an activist shareho...

  • Succession planning

    Samsung battles hedge fund over merger proposal

    SEOUL -- Samsung is butting heads with a U.S. hedge fund over an internal merger, a sign of mounting pressure from activist shareholders amid an earnings decline and controversy over its hereditary leadership. On June 19, court room 358 at the Se...

  • Coordinating logistics

    Japan's Isetan Mitsukoshi to trim clothing delivery costs

    TOKYO -- Isetan Mitsukoshi Holdings will integrate product storage and delivery to its stores from around 100 clothing and other suppliers starting in October in an attempt to combat rising distribution costs. The Japanese department store operat...

  • Bigger dose of generics

    Sawai Pharma to boost output capacity 80%

    OSAKA -- Japan's Sawai Pharmaceutical will ramp up production capacity for generic drugs by 80% to 18 billion tablets annually by fiscal 2020 as the government promotes wider use of the medicines, the company's president told a news conference here T...

  • Uber Indonesia

    Subsidiary mooted for ride-sharing service

    JAKARTA -- Uber, the U.S. taxi-hailing company, said on July 7 that it is considering establishing a wholly-owned subsidiary in Indonesia in the wake of intense official scrutiny of its ride-sharing service. Uber has a representative office in Ja...

  • GrabTaxi

    Philippines to crack down on unregistered cabs

    MANILA -- Philippines, which in May legalized its first phone app-based cab services, on Tuesday said it would start apprehending unregistered vehicles after issuing the first permit to GrabCar on July 3. Winston Ginez, head of the Philippine lan...

  • Soaring shareholder return

    Singapore's Temasek Holdings boosts Chinese investment

    SINGAPORE -- Total shareholder return for Temasek Holdings soared to 19.2% for the year ended March, rising from 1.5% the previous year, Singapore's sovereign wealth fund said Tuesday. Chinese investment drove the growth. Assets under management ...

  • Covering up

    Oki's new medical keyboard cuts infection risk

    SHANGHAI -- Oki Electric Industry has developed a medical equipment keyboard featuring a washable cover to reduce the risk of infection. The Japanese company plans to sell the product first in the huge Chinese market. Many pieces of medical e...

  • Bearings boost

    NTN to lift European autoparts capacity 80%

    OSAKA -- Japanese bearing manufacturer NTN is increasing autoparts production in Europe in response to growing orders from the region's carmakers. The Osaka-based company will install new production lines for hub bearings, which are key parts tha...

  • Uber India

    Hyderabad chosen as springboard for wider operations

    NEW DELHI -- Uber, the U.S. taxi-hailing app company, has said it will invest $50 million to develop services in Hyderabad days after expanding its presence to seven more cities in India, already its largest market outside the U.S. Uber signed a ...

  • Najib-1MDB scandal

    Malaysian authorities freeze bank accounts

    KUALA LUMPUR -- The controversy surrounding Malaysian Prime Minister Najib Rajak and 1Malaysia Development Bhd., better known as 1MDB, thickened Tuesday when investigators said they had ordered six bank accounts to be frozen. On Friday, The Wall ...

  • Touchten

    Indonesian startup receives funding from Gree

    JAKARTA -- Indonesia's Touchten Games has received funding from Japanese social game developer Gree to expand its mobile gaming business. It is the company's third fund raising round since it was formed in 2009. The terms of the deal were not dis...

  • New World Development

    Hong Kong conglomerate steps back from hotel business

    HONG KONG -- The family of Hong Kong billionaire Henry Cheng Kar-shun is reorganizing its extensive hotel investments, aiming to sharpen listed flagship company New World Development's focus on property endeavors. New World China Land, a Hong Ko...

  • Prosecutors not to indict ex-Toyota exec Hamp in drug import case

    TOKYO (Kyodo) -- Prosecutors will not indict former Toyota Motor Corp. executive Julie Hamp who was arrested on suspicion of illegally importing a narcotic painkiller to Japan last month, investigative sources said Tuesday. The prosecutors made t...

  • Kyushu Electric moves step closer to restarting nuclear power

    FUKUOKA (Kyodo) -- Kyushu Electric Power Co. on Tuesday began loading nuclear fuel into a reactor at its Sendai complex ahead of its restart planned for mid-August under more rigorous safety requirements adopted after the 2011 Fukushima triple-reacto...

  • Samsung Electronics profit guidance suggests costly S6 miss

    SEOUL (Reuters) -- South Korean tech giant Samsung Electronics Co Ltd on Tuesday guided for weaker-than-expected second-quarter earnings, as a supply shortage plagued its latest smartphone launch and tepid demand from key markets likely undercut sale...

  • Emerging market

    KDDI, Sumitomo to enhance Myanmar mobile operations

    TOKYO -- Telecommunications provider KDDI and trading house Sumitomo plan to boost mobile service operations in Myanmar, more than doubling base stations to 5,000 by next spring. The two Japanese companies, partners with state-run telecom provide...

  • Aligning demand and supply

    Honda scraps 6m sales target, breaks down production silos

    TOKYO -- Honda Motor will abandon its ambitious sales target and focus instead on getting back to making quality cars that captivate avid fans, President Takahiro Hachigo said Monday. Six regions that run independent production and sales networks...

  • Cutting out brokers

    Sony, Yahoo Japan plan online service that links up homeowners, buyers

    TOKYO -- Sony and Yahoo Japan are set to launch an online market for previously occupied residences later this year, letting homeowners and prospective buyers negotiate prices over the Internet. The service, to be operated by Yahoo, initially wil...

  • Rich potential

    Toyota to take Lexus marque to India

    NAGOYA -- Toyota Motor plans to introduce its Lexus luxury brand to the Indian market as early as 2017 in hopes of cultivating demand from the wealthy. The plan is to open three or so dealerships in such big cities as Delhi, expanding from there ...