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  • Feeling the heat

    South Korea's Park names new prime minister

    SEOUL -- South Korean President Park Geun-hye on Friday appointed a new prime minister and shuffled senior secretaries in an apparent bid to boost her rapidly declining approval ratings. Lee One-koo, floor leader of the ruling Saenuri Party, was

    January 24, 2015 04:14 am JST
  • Fast-developing Myanmar

    Competition heating up for skilled workers

    TOKYO -- In recent years, there has been a growing rush of Japanese companies making inroads into Myanmar ever since the country opened its doors to the outside world. Japan and Myanmar are jointly building a special economic zone and businesses

    January 23, 2015 07:00 pm JST
  • South Korea's GDP

    Economy grew 3.3% in 2014, just shy of government target

    SEOUL -- The Bank of Korea announced Friday that the nation's preliminary real gross domestic product for 2014 rose 3.3% on the year, a bigger gain than in each of the previous two years. However, the figure is a lower than the target economic g

    January 23, 2015 01:20 pm JST
  • Taiwan's LCD titans

    Top 2 panel makers' earnings rise, but windfall might not last

    TAIPEI -- Taiwan's top makers of LCD panels are bouncing back. Innolux and AU Optronics put an end to money-losing operations in 2013 by shifting production to panels used in bigger and more advanced TV sets. Innolux and AUO are expected to have

    January 23, 2015 01:00 pm JST
  • S.Korea's economy slows sharply in Q4, pressure grows for more policy easing

    SEOUL (Reuters) -- South Korea's economy slowed sharply in the final quarter of 2014, with growth hovering around six-year lows, knocked by weak government spending and global demand and heaping pressure on the central bank to cut interest rates fur

    January 23, 2015 12:55 pm JST
  • Park names ruling party floor leader as new prime minister

    SEOUL (Kyodo) -- South Korean President Park Geun Hye on Friday named the ruling Saenuri Party's floor leader, Lee Wan Koo, as new prime minister, according to the presidential office. Lee, widely viewed as a figure close to the president, will

    January 23, 2015 11:10 am JST
  • Greenland Group goes abroad

    China's No. 1 property developer seeks growth in South Korea, US

    SHANGHAI -- China's state-owned Greenland Group is ramping up its investments in overseas real estate markets amid increasingly tough conditions at home. Greenland, China's largest property developer by sales, plans to invest 20 billion yuan ($3

    January 22, 2015 07:00 pm JST
  • TPP could give world the trade framework it needs

    Economies are like living creatures. Technology, business models and consumption trends are constantly evolving. And like it or not, it is impossible to halt the evolutionary phase known as globalization -- the increasingly free movement of people,

    January 22, 2015 12:00 am JST
  • High-flying TSMC faces multiple challenges

    TAIPEI -- The world's largest chip foundry, Taiwan Semiconductor Mfg. (TSMC), stands tall in an ever-changing tech sector. Its earnings climb year after year: The company on Jan. 15 reported that net profit surged 40% to 263.9 billion New Taiwan dol

    January 22, 2015 12:00 am JST
  • Lotte founder ousts eldest son amid talk of sibling rivalry

    SEOUL/TOKYO -- Lotte Holdings has removed the eldest son of the conglomerate's founder from its management. Many believe the move was made to spare the group from a potentially damaging family feud. Lotte Holdings announced on Jan. 9 it had dism

    January 22, 2015 12:00 am JST
  • Stephen Grenville: Low oil prices provide a fleeting chance for reform

    If the global price of oil had jumped by 50%, there is little doubt that economic commentators would be calling it a disaster for world growth. The price has in fact fallen by more than 50% since last June, but this ray of good news has not yet pier

    January 22, 2015 12:00 am JST
  • Increasing demand

    Carbon fiber prices up 10% in 2014

    TOKYO -- The price of general-purpose carbon fiber, used for sports gear, aircraft and automobiles, rose 10% in 2014. As demand increased, Japan's Toray Industries, Teijin and Mitsubishi Rayon, which occupy just above half the global carbon fibe

    January 20, 2015 07:00 pm JST
  • Gi-Wook Shin

    What should we do about North Korea's human rights situation?

    Last spring two North Korean defectors visited Stanford University from Seoul to share their experiences in the North. Hosted by Stanford's Korean Students Association, the event was held to increase awareness of North Korean human rights issues in

    January 20, 2015 01:00 pm JST
  • Executive women in Asia

    Philippines leads the region with its women in management

    SINGAPORE -- The Philippines is leading Asia with its high percentage of women in management positions, according to a recent report by the International Labor Organization. A ranking complied by the ILO shows the Philippines to be the only Asian co

    January 19, 2015 07:30 pm JST
  • China's rising global influence

    Japan in a pickle over Beijing-led AIIB

    TOKYO -- Japan will soon have to make up its mind about joining China's efforts to get the Asian Infrastructure Investment Bank up and running. "Why is there no plan to set up a board?" a high ranking official of Japan's Ministry of Finance aske

    January 19, 2015 07:00 pm JST
  • Japan, South Korea security

    New defense information exchange to operate via Washington

    TOKYO -- Japan is expected to more effectively address North Korean military threats via a new information sharing framework with South Korea and the U.S. established at the end of 2014. Under the new three-party scheme, Japan is supposed to pro

    January 19, 2015 07:00 pm JST
  • South Korean stocks

    Buying cues few and far between

    SEOUL -- South Korea's main stock index has been seesawing since the beginning of the year. Shares in the country's electronics companies, automakers and other exporters have lost steam, partly due to global economic sluggishness but also because of

    January 19, 2015 06:08 pm JST
  • Japan tourism

    Record 13.4 million welcomed in 2014

    TOKYO -- A record 13.4 million foreign tourists came to Japan in 2014, up about 30% from the previous year, according to a Japan National Tourism Organization estimate seen by The Nikkei. Foreign travelers spent a total of about 2.03 trillion ye

    January 19, 2015 02:10 pm JST
  • Japan, China, South Korea fail to agree on trade liberalization target

    TOKYO (Kyodo) -- Japan, China and South Korea concluded their two-day meeting on free trade negotiations Saturday without an agreement on a common target for the level of trade liberalization, negotiators said. The next trilateral FTA talks are

    January 17, 2015 08:47 pm JST
  • South Korean smoking

    Seoul looking to kick the habit

    SEOUL -- South Korean smokers beware. "This area is a designated smoke-free zone, smokers lighting up will be fined." The message is blared out over a speaker system in the area around Sindorim Station, where many commuters transfer. A large sh

    January 17, 2015 01:00 pm JST