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  • Nikkei PMI

    South Korea's factory activity remains weak at 47.6 in July

    TOKYO -- The Nikkei South Korea Manufacturing Purchasing Managers' Index, or PMI, remained in weak territory in July posting 47.6. In June it was 46.1. A reading above 50 indicates economic expansion, while a reading below 50 points toward contr

    August 3, 2015 10:40 am JST
  • Smartphones slow

    Taiwan electronic parts makers in a bind

    TAIPEI/SEOUL -- Winners and losers are expected among major Asian manufacturers of electronic components in the July-September period. Slowing demand for smartphones in China and other markets is likely to separate the South Koreans from the Taiwane

    August 3, 2015 07:00 am JST
  • Boosted by weak yen, tourism

    April-June pretax profit up at 70% of Japan's listed companies

    TOKYO -- Despite lingering worries over China's economy, many of Japan's listed companies reported robust profit growth in the April-June quarter, reaping the benefits of growing North American demand, a soft yen and higher spending by foreign touri

    August 3, 2015 02:00 am JST
  • No trust, no business

    Myanmar's nascent insurance market is not for the impatient

    YANGON -- To maintain retirement insurance in Myanmar, people have to go through a yearly hassle. They must line up at the headquarters of state-owned Myanmar Insurance -- a building in the capital's financial district with a dark, muggy lobby -- to

    August 1, 2015 12:45 am JST
  • Korea-Japan conglomarate

    In Lotte Group feud, jab followed by rebuttal

    SEOUL -- Infighting rages on at Lotte Group, a conglomerate straddling South Korea and Japan, with the recent remarks of a former executive met with a swift rebuttal. In an interview with The Nikkei on Wednesday, Hiroyuki Shigemitsu, former vice

    July 30, 2015 10:56 pm JST
  • Family struggle

    Ousted Lotte chief to repeat call for sacking board members at shareholder meeting

    TOKYO -- After being dismissed as vice chairman of Japanese-Korean conglomerate Lotte Holdings in January, Hiroyuki Shigemitsu, known in South Korea as Shin Dong-joo, together with his 92-year-old father, Takeo Shigemitsu, or Shin Kyuk-ho, on Monday

    July 30, 2015 07:00 pm JST
  • Family feud

    Lotte's poor corporate governance exposed

    TOKYO -- Family feuding at Lotte Holdings has revealed that the corporate governance system of the Japanese-Korean conglomerate is poor. A protracted dispute among the management may soon damage the prestigious brand. Two brothers from the group

    July 30, 2015 07:00 pm JST
  • Succession struggle

    Flare-up in brothers' feud catches Lotte Group off guard

    SEOUL/TOKYO -- Lotte Group is reeling from the latest turn in a very public family feud over who will helm the South Korean-Japanese conglomerate after its aging founder steps down. Hiroyuki Shigemitsu, also known as Shin Dong-joo, was relieved

    July 30, 2015 12:00 pm JST
  • Samsung profit falls as smartphone sales disappoint

    SEOUL (Dow Jones) -- Samsung Electronics Co. said net profit for the second quarter fell 8% from a year earlier as sales of the company's flagship Galaxy S6 smartphone fell short of expectations. The decline was the fifth straight year-over-yea

    July 30, 2015 10:52 am JST
  • Nicholas Borroz: Lifting Iran sanctions could benefit Asia

    The historic agreement reached between Iran and six world powers on July 14 portends a new era -- with mixed implications for the rest of the world. Analysis of the broader impact of the Iran deal has so far focused mostly on Tehran's relations

    July 30, 2015 12:00 am JST
  • Carbon nanotube tech? There are apps for that

    TOKYO -- Research on carbon nanotubes is accelerating. The development of tubular carbon molecules for materials and the push for practical applications began more than 20 years ago, mainly in Japan, but no notable businesses have emerged in the cou

    July 30, 2015 12:00 am JST
  • Park's North Korea policy torn between security, trade, history

    SEOUL -- This year in South Korea, a movie based on a June 2002 battle between South and North Korean armed forces is a smash hit. The film is called "Battle of Yeonpyeong." The skirmish occurred near South Korea's Yeonpyeong Island after a patrol b

    July 30, 2015 12:00 am JST
  • Thitinan Pongsudhirak

    Greek drama presents moral lesson for developing Asia

    The Greek crisis highlights the emerging reality that established international institutions and power structures dating back to the second half of the 20th century are no longer capable of dealing with global demands and expectations. For Asia, thi

    July 29, 2015 01:00 pm JST
  • George Magnus

    TPP can help but not transform Asia's trade funk

    It has become almost an annual ritual for the International Monetary Fund to lower its projections for economic growth in emerging countries, including those in Asia, still the most dynamic part of the emerging universe. A key factor in recent downg

    July 29, 2015 11:45 am JST
  • Daniel Wu

    TPP progress could reinvigorate Asian togetherness

    Signs that the Trans-Pacific Partnership talks could advance to an agreement in principle by the end of the year might give new life to negotiations for an alternative regional free-trade pact. In particular, Indonesia has shown new keenness to

    July 28, 2015 05:45 pm JST
  • South Korea declares country effectively out of MERS danger

    SEOUL (Reuters) -- South Korea declared on Tuesday it is effectively out of danger from Middle East Respiratory Syndrome (MERS), more than two months after the first case was reported and began spreading in hospital settings to kill 36 people. T

    July 28, 2015 11:26 am JST
  • Economy left ailing

    Odds of new South Korean MERS cases 'nearly zero'

    SEOUL -- South Korea is expected to declare the effective end of its Middle East respiratory syndrome outbreak Tuesday, but the country has yet to recover from the deep economic wounds inflicted as tourists were scared away by the viral illness.

    July 27, 2015 11:28 pm JST
  • U.S. upgrades Malaysia, Cuba in trafficking report

    WASHINGTON (Reuters) -- The United States upgraded Malaysia in an annual report on human trafficking on Monday despite calls by human rights groups and nearly 180 U.S. lawmakers to keep the Southeast Asian country on a list of worst offenders in fai

    July 27, 2015 10:20 pm JST
  • Beauty aids

    LG Household's luxury cosmetics help April-June results defy MERS

    SEOUL -- South Korea's LG Household & Health Care posted 168 billion won ($143 million) in operating profit for the just-ended quarter, up 38% on the year on strength in high-end cosmetics. The result released Friday represented a record for an

    July 27, 2015 09:58 pm JST
  • Fairy tale candy house

    South Korea's Orion to spin its confections into theme park attraction

    SEOUL -- South Korean confectioner Orion will build an attraction at the Everland theme park in nearby Yongin, Gyeonggi Province, around its products. The company and park said Monday they had signed a memorandum of understanding to jointly deve

    July 27, 2015 09:50 pm JST