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  • Samsung to pour $9bn into Chinese flash memory plant

    SEOUL -- Samsung Electronics will spend around 10 trillion won ($8.91 billion) to double capacity at a cutting-edge memory chip plant in China by 2019, aiming to solidify its position at the top as the sale of rival Toshiba's memory operations drags

    May 30, 2017 04:50 am JST
  • Company in focus

    South Korea's new energy plan puts pressure on Kepco

    SEOUL/JEJU - The blades of some 20 wind turbines spin at the Sinchang Wind Power Complex, off the western coast of Jeju, South Korea's popular resort island. The turbines, run by a subsidiary of Korea Electric Power, are part of a project to make th

    May 28, 2017 12:00 pm JST
  • Samsung to set up $450m fund to help subcontractors

    SEOUL -- Samsung Electronics will introduce a scheme aimed at helping its secondary suppliers operate on a more solid financial footing.The South Korean conglomerate will set up a new fund worth 500 billion won ($448 million), whose function is to p

    May 26, 2017 04:59 am JST
  • Asian companies shine in Forbes Global 2000

    TOKYO -- Chinese banks topped the list and a slew of Asian corporations were featured in the Forbes Global 2000 ranking of the world's largest and most powerful public companies, reflecting the region's growing economic clout.Industrial and Commerci

    May 25, 2017 02:30 pm JST
  • Japan welcomes a record number of tourists in April

    TOKYO Summer is on its way and Japan's tourism industry has plenty to smile about. The number of foreign visitors to the country topped 2.57 million in April, the highest ever total for a single month.The figure represents a 23.9% rise from a year e

    May 25, 2017 10:00 am JST
  • South Korean money pouring into Turkey

    ISTANBUL -- From building bridges and solar plants to snapping up cinema chains, South Korean companies are doing a lot more business in Turkey since a free trade agreement took effect in 2013.In mid-March, a consortium led by SK Engineering & Const

    May 23, 2017 09:00 am JST
  • Asian travelers stay loyal to Japanese cosmetics

    TOKYO -- Japan's cosmetics exports surpassed the value of imports for the first time in 2016, surging on repeat purchases by Asian tourists after returning from their visits.According to the Japanese Cosmetic Industry Association, exports climbed 28

    May 22, 2017 07:00 am JST
  • Kakao's ride-hailing app to make Japan travel easier

    TOKYO -- Nihon Kotsu, a leading taxi operator in Japan, and South Korean information technology company Kakao will make their ride-hailing apps compatible with each other by the end of the year, a partnership that will benefit foreign tourists in ea

    May 22, 2017 01:50 am JST
  • Indian, ASEAN stocks spur Asia300 Index to record

    TOKYO -- Stellar performances by Indian and Southeast Asian stocks propelled the Nikkei Asia300 Index to a record this week.The index, which tracks over 300 promising companies in 11 Asian economies, climbed 16% since its December 2016 introduction

    May 20, 2017 02:30 am JST
  • South Korean cosmetics shares bounce on China hopes

    SEOUL -- Shares in South Korean cosmetics companies are rising on expectations that China will soften its retaliation against the country over its deployment of a U.S. anti-missile defense system.AmorePacific Group shares rose 1.64% to 155,000 won o

    May 19, 2017 09:37 pm JST
  • Will Moon really make chaebol reform happen?

    SEOUL -- Reforming South Korea's family owned conglomerates was front and center in President Moon Jae-in's election campaign, yet some in the business community are already questioning the new leader's resolve to tackle such a daunting task.Clad in

    May 19, 2017 10:00 am JST
  • South Korean manufacturers lagging in acquisitions: think tank

    SEOUL -- South Korean manufacturers are less active than rivals around the world in pursuing mergers and acquisitions, the Hyundai Research Institute said in a report Thursday.The total value of M&A deals worldwide increased roughly 110% between the

    May 19, 2017 02:00 am JST
  • Shift in South Korea energy policy brings boon for LNG

    DENPASAR, Indonesia -- Liquefied natural gas exporters will be excited by the prospects of state-backed Korea Gas returning to the buyers' table following moves by newly elected South Korean President Moon Jae-in to shift the country's power-generat

    May 18, 2017 11:25 pm JST
  • South Korea's Moon vows to rev up jobs and rein in 'chaebol'

    SEOUL Mr. Kim, a typical South Korean worker, wakes up in an apartment complex built by construction conglomerate GS E&C, drives to the office in a car built by Hyundai Motor and does his work on a Samsung computer and smartphone. On his way home, h

    May 18, 2017 10:00 am JST
  • Shipments of Samsung's Galaxy S8 top 10m

    SEOUL -- Samsung Electronics has already shipped more than 10 million units of its flagship Galaxy S8 smartphone, less than a month after the phone's April 21 launch, a company insider said Wednesday.The S8, which features an OLED display, is the fi

    May 18, 2017 02:00 am JST
  • Philip Morris takes cigarette alternative to South Korea

    LONDON - IQOS, the high-tech alternative to cigarettes produced by U.S. tobacco company Philip Morris International, has been embraced most warmly by Japan among the 25 global markets where it is sold. Now the company will see whether smokers in nei

    May 17, 2017 11:45 am JST
  • Horiba to open R&D facility in South Korea

    TOKYO -- Japanese precision instrument manufacturer Horiba is preparing to get a research and development facility up and running in the South Korean city of Yongin to better address changing local customer needs for parts used in semiconductor-manu

    May 16, 2017 04:20 pm JST
  • Netmarble aims to roll into global gaming ranks with IPO

    SEOUL -- The listing of Netmarble Games on Friday in the second-biggest initial public offering in South Korea's history caps one of the most storied turnarounds among local startups.Chairman Bang Jun-hyuk, 48, has set his sights on his 17-year-old

    May 12, 2017 11:10 am JST
  • China's new-car sales sink as tax break shrinks

    CHONGQING, China -- New-car sales in China went into reverse last month as weaker tax benefits for small automobiles hurt demand, but larger vehicles such as SUVs and pickup trucks are beginning to shine.Tax break hangoverThe China Association of Au

    May 12, 2017 06:50 am JST
  • One country's slump isn't ruining the Asia300 profit party

    HONG KONG -- The Asia300 -- Nikkei's curated selection of listed corporate standouts from across the region, excluding Japan -- took another knock last year, when its members' combined net profit suffered its first back-to-back decline in two decade

    May 11, 2017 06:00 pm JST