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  • Daum Kakao buys Path

    South Korean tech firm bets in Indonesia

    JAKARTA -- South Korea's Daum Kakao, operator of chat app Kakao Talk, has joined other foreign Internet companies investing in Indonesia's booming smartphone market after agreeing to buy social network service Path and chat app Path Talk from Path I

    May 29, 2015 08:18 pm JST
  • Joint mill in China

    Posco to export Finex iron-making tech for first time

    SEOUL -- Leading South Korean steelmaker Posco will implement a plan to build a joint iron mill in China, adopting a new, low-cost iron-making technology. Under the plan authorized by the Chinese authorities, Posco will export its Finex technolo

    May 29, 2015 07:00 pm JST
  • South Korean IT takeover

    Daum Kakao to buy US social media apps

    SEOUL -- South Korean messaging heavyweight Daum Kakao announced Friday it will buy the Path and Path Talk social networking apps from U.S. company Path for an undisclosed amount. Launched in 2010, Path is a closed social media service with 10 m

    May 29, 2015 04:48 pm JST
  • Rising demand expected

    Samsung SDI to build polarizing film plant in China

    SEOUL -- South Korea's Samsung SDI, a unit of the Samsung group, will invest around 200 billion won ($182 million) to build a plant in Wuxi, Jiangsu Province, China. The new facility will produce polarizing film used in liquid crystal display pa

    May 29, 2015 03:57 pm JST
  • International football

    Revised World Cup format sidelines Asia's minnows

    SEOUL -- A recent move by the Asian Football Confederation to combine qualification for the 2018 World Cup and the 2019 Asian Cup may see more of the region's lesser soccer powers getting the opportunity to play giants such as Japan, South Korea and

    May 29, 2015 01:00 pm JST
  • Right next to Singapore

    Samsung C&T wins $160M Malaysia development project

    SEOUL -- Samsung C&T, a key shareholder in Samsung Electronics, has won a $160 million development project in Malaysia. The construction and trading unit of the South Korean conglomerate will construct a 25-story office building, a 15-story hote

    May 28, 2015 05:28 pm JST
  • Cashing in on SE Asia's metro boom

    TOKYO -- Japanese contractors are preparing to break ground on a string of subway projects they bagged in Southeast Asia in 2013 and 2014. The projects include Singapore's Thomson Line, a 30km-long all-underground line that could determine whether J

    May 28, 2015 12:00 am JST
  • New growth driver?

    Real estate market providing economic spark in South Korea

    SEOUL -- With record low interest rates fueling home purchases, the real estate market has emerged as the sole driver of the South Korean economy amid sluggish consumption and exports. In the January-March quarter, property sales transactions sh

    May 27, 2015 11:22 pm JST
  • 'Sell in May and go away'

    Does the market maxim apply to Asia?

    TOKYO -- The adage "Sell in May and go away" is well-known among European and U.S. investors. It is based on the notion that markets turn bearish in May, and that it is best to get out before the going gets rough. Does this hold true in Asia, too? W

    May 27, 2015 07:00 pm JST
  • Solidifying control

    Samsung group moving ahead with leadership succession

    SEOUL -- Facing the inevitable handover of its reign to the younger generation, Samsung group's founding family is rushing to strengthen its grip on the crown jewel, Samsung Electronics, through a revamping of the holding company. The group sai

    May 26, 2015 11:23 pm JST
  • Change at the top

    Cheil to merge with Samsung C&T

    SEOUL -- Cheil Industries, the de facto holding company of Samsung group, and Samsung C&T agreed Tuesday on a merger deal. The move is a part of the South Korean conglomerate's groupwide restructuring efforts ahead of an expected leadership change.

    May 26, 2015 01:32 pm JST
  • For plug-in hybrids

    LG Chem to supply batteries to Great Wall Motor

    SEOUL -- LG Chem will supply batteries for plug-in hybrid SUVs that Great Wall Motor will introduce in 2017. The deal reportedly puts the number of orders that South Korea's leading battery maker has received from Chinese companies over the 200,000

    May 26, 2015 12:46 am JST
  • No room at the inn

    Seoul struggles to provide midtier rooms

    SEOUL -- The weakest link in South Korea's tourism industry is its lack of affordable, quality hotel rooms. To fix the problem, hotel operators are boosting efforts to provide places to stay, in line with the government's ambitious goal of drawing s

    May 25, 2015 06:00 pm JST
  • Frederic Neumann

    Time to talk about the high income trap

    The middle income trap is a disease that has afflicted a number of developing economies over the years. After breakneck economic expansion, growth suddenly begins to stagnate when per capita income reaches a level the World Bank defines as midd

    May 24, 2015 01:00 pm JST
  • Reclamation projects

    Asian mines beware -- ISO wants to clean you up

    Thanks to the Beatles' song, "A Day in the Life," we know that at one time there were "4,000 holes in Blackburn, Lancashire." But no song lyric exists to tell us how many holes there are in Asia as a result of mining. This is hardly surprising.

    May 24, 2015 01:00 pm JST
  • Ministerial-level meetings held

    South Korea realizes it needs Japan as a partner

    TOKYO/SEOUL -- Japan and South Korea on Saturday held ministerial-level meetings for the first time in more than two years. Japanese Finance Minister Taro Aso and South Korean Finance Minister Choi Kyung-hwan met in Tokyo, while trade ministers from

    May 24, 2015 02:00 am JST
  • South Korean currency

    Won still strengthening against yen

    TOKYO -- The won's rise is not running out of steam, with the South Korean currency at a roughly seven-year high against the yen even after the central bank slashed interest rates two months ago. This is all playing out against the backdrop of a

    May 23, 2015 01:52 am JST
  • The Future of Asia 2015

    China foreign policy expert sees nation rising peacefully in East Asia

    TOKYO -- China has emerged as a power peacefully and will continue on that path, a Chinese foreign policy expert said Friday in a panel discussion on security issues in East Asia. Experts discussed the theme "Unstable Global Order and the Impact

    May 22, 2015 08:00 pm JST
  • Fighting corruption

    South Korea's Park picks justice chief as new prime minister

    SEOUL -- South Korean President Park Geun-hye nominated Justice Minister Hwang Kyo-ahn as her new prime minister Thursday, stressing her commitment to eradicating corruption even amid various scandals involving key officials. The 58-year-old for

    May 21, 2015 09:55 pm JST
  • Japan takes South Korea to WTO over Fukushima-related food import restrictions

    GENEVA (Reuters) -- Japan launched a trade complaint at the World Trade Organization on Thursday to challenge South Korea's import bans and additional testing requirements for Japanese food after the 2011 Fukushima nuclear disaster, the WTO said.

    May 21, 2015 09:54 pm JST