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  • Market reaction

    Asian shares hit by cold wind from Greece

    HONG KONG -- Shares across Asia tumbled Monday, the day after Greek voters rejected austerity measures demanded by the country's international creditors. By the end of the day, the uncertainty enshrouding the eurozone had even dampened China's big s

    July 6, 2015 06:50 pm JST
  • Unesco decides to add Japan's Meiji sites to World Heritage list

    BONN (Kyodo) -- The Unesco World Heritage Committee decided Sunday to add the "Sites of Japan's Meiji Industrial Revolution" to the World Cultural Heritage list, as well as eight historical sites in South Korea, including the Gongsan-Seong Fortress

    July 6, 2015 04:43 am JST
  • Changes at the top

    LG Display, H&M among 4 new leaders in global market categories

    TOKYO -- Global market leaders were dethroned in four of 50 product and service categories in 2014, partly a result of companies boosting sales in China, where living standards are rising despite a slowdown in economic growth. South Korea's LG D

    July 6, 2015 02:59 am JST
  • Dust-busting devices

    Raycop hones its futon vacuums in 'clean-loving' Japan

    TOKYO -- Raycop Japan, a consumer electronics startup originally from South Korea, is seeing brisk sales of its Raycop futon vacuum cleaners, particularly in Japan, where it has already sold more than 3 million units. This summer, the company pl

    July 4, 2015 01:00 pm JST
  • Solar energy

    Foreign panel makers target Japan's residential demand

    TOKYO -- Overseas solar panel makers are banking on a combination of inexpensive, high-quality panels and improved customer service to tap Japan's growing market for home-use solar generation systems. Their shift toward the residential market co

    July 4, 2015 01:00 pm JST
  • Digital business

    Acquisitions the key to growth for South Korea's Yello Mobile

    SEOUL -- Yello Mobile, a South Korean mobile media group, has an unusual growth strategy: since its launch as a start-up in August 2012, it has acquired 71 companies, earning a reputation in local business circles as something of a carnivorous dinos

    July 3, 2015 10:30 am JST
  • Reaching out

    South Koreans putting politics aside to rekindle Japan ties

    SEOUL -- At the highest level, relations between Japan and South Korea could hardly be frostier. But feelings on the ground are much warmer, indicating a diplomatic thaw might not be far off. Apart from some political matters, most South Koreans

    July 2, 2015 01:00 pm JST
  • Startups and the economy

    Southeast Asia catches eye of venture capitalists

    BANGKOK -- It was a long time coming, but Southeast Asia is finally attracting investments from top-tier global venture capital firms. Until the turn of the century, the conventional wisdom among Silicon Valley venture capitalists was to avoid i

    July 2, 2015 10:00 am JST
  • Asian slowdown

    South Korean exports still in the doldrums

    SEOUL -- South Korean exports are slumping, with official data showing a 5% drop to $269 billion for the January-June half on cheaper oil, faltering Chinese growth and the strengthening won. Export prices declined, particularly for such key petr

    July 2, 2015 02:25 am JST
  • Walter Lohman: Washington, Seoul must prepare for a unified Korea

    Seoul seems to be in an upcycle of expectations over unification with North Korea -- perhaps because of South Korean President Park Geun-hye's focus on the issue, or perhaps due to speculation over the stability of the Pyongyang regime. It clearly c

    July 2, 2015 12:00 am JST
  • Buy a Thai SIM card, get free insurance

    BANGKOK -- AXA, France's No. 1 insurance company, has embarked on a full-scale effort to cultivate the Asian market. By tapping the region's growth potential, the insurer aims to increase its policyholder base in Asia outside Japan from 14 million t

    July 2, 2015 12:00 am JST
  • George Magnus: Greece will cast long political shadows

    If Greece were in Asia, it would be the seventh largest economy, of little geopolitical consequence and soon to be overtaken by Bangladesh and Vietnam. Greece's size, however, is not the right metric to use when gauging its significance in Europe's

    July 2, 2015 12:00 am JST
  • Frederic Neumann: Greek turmoil is not without risks to Asia

    The coming weeks will prove critical for Greece's membership of the eurozone. For Asia, the immediate impact of a potential "Grexit" should be manageable. A powerful policy response by major central banks and comfortable reserve buffers in the regio

    July 2, 2015 12:00 am JST
  • Southeast Asia catches eye of venture capitalists

    BANGKOK -- It was a long time coming, but Southeast Asia is finally attracting investments from top-tier global venture capital firms. Until the turn of the century, the conventional wisdom among Silicon Valley venture capitalists was to avoid i

    July 2, 2015 12:00 am JST
  • Entrepreneurial engines

    Startups are finding fertile ground in Asia -- Southeast Asia in particular. Populations are getting wealthier, smartphones are ubiquitous and governments are holding out carrots for innovators. Homegrown ventures are sniffing out opportunities far

    July 2, 2015 12:00 am JST
  • Systems development unit

    Samsung SDS seen as vital part of reorganization

    SEOUL -- Samsung SDS, a systems development company under Samsung Group, is viewed by many as a likely key to the group's reorganization. Information technology services generated about 70% of consolidated sales and 90% of operating profit at Sa

    July 1, 2015 11:46 pm JST
  • Natural gas processing

    Samsung Heavy Industries lands $4.7bn floating LNG order from Shell

    SEOUL -- Samsung Heavy Industries will build three floating liquefied natural gas facilities for Royal Dutch Shell, the South Korean shipbuilder said Wednesday. FLNG facilities are a new type of maritime vessel that are designed to process natur

    July 1, 2015 11:09 pm JST
  • Green energy

    Samsung SDI to supply US wind farm with storage batteries

    TOKYO -- Samsung SDI will supply U.S. power company Duke Energy with storage batteries for use in wind power production. The world's largest lithium-ion battery producer will supply 13,600 kilowatt-hours worth of batteries to one of Duke's Texas

    July 1, 2015 10:15 pm JST
  • $80 high-performance Japanese masks are all the rage amid MERS fear

    NAGOYA (Kyodo) -- A high-performance mask made in central Japan and sold for a whopping 9,980 yen (about $81) has been a big hit since the first MERS patient in South Korea was confirmed in May. The mesh products manufacturer Clever said daily p

    July 1, 2015 07:01 pm JST
  • Frederic Neumann

    Greek turmoil is not without risks to Asia

    The coming weeks will prove critical for Greece's membership of the eurozone. For Asia, the immediate impact of a potential "Grexit" should be manageable. A powerful policy response by major central banks and comfortable reserve buffers in the regio

    July 1, 2015 04:00 pm JST