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  • Kakao's Lee champions chat

    SEOUL -- The co-CEO of Kakao, the South Korean provider of a free phone call and chat app KakaoTalk, is taking on bigger rivals such as Japan's Line and China's WeChat. "We have little money," co-CEO Lee Sirgoo admitted with a smile, "so we have to

    January 16, 2014 05:00 pm JST
  • Samsung: The next generation

    SEOUL -- Lee Jae-yong is all but set to lead Samsung Electronics into the future. His father, Lee Kun-hee, 71, who heads the Samsung group of South Korea, is the owner-chairman of Samsung Electronics. He runs the company with an iron fist. And h

    January 16, 2014 05:00 pm JST
  • Japan's Yusen Logistics to double Asean warehouse spending

    TOKYO -- Yusen Logistics plans to double warehouse investment in Southeast Asia in 2014 to capitalize on rapidly growing shipping demand in the region. On the heels of opening a 30,000 sq. meter warehouse in Thailand this month, the Japanese com

    January 16, 2014 04:11 am JST
  • Japan farm equipment makers seize opportunity in region

    JAKARTA/BANGKOK -- Asia likes its rice, accounting for roughly 75% of the global production. As more people leave farms for the region's burgeoning cities, demand for agricultural machinery is growing. This presents a lucrative opportunity for Japan

    January 15, 2014 01:00 pm JST
  • Mitsubishi Rayon bringing water services to Southeast Asia

    TOKYO -- Japanese materials manufacturer Mitsubishi Rayon is taking its water business -- everything from industrial water supply to wastewater treatment -- to Southeast Asia. Takahiro Ikeda, a managing executive officer responsible for the comp

    January 15, 2014 01:00 pm JST
  • Park one part of a conducting duo

    SEOUL -- Park Hong-seok considers teamwork and innovation as the keys to success at his company, electronic appliance maker Moneual. The company produces electrical appliances that have unique functions and refined design. It offers, for example

    January 14, 2014 04:16 pm JST
  • Japan's Lixil powers up construction materials plant in Vietnam

    TOKYO -- Japanese building materials producer Lixil Group has put the first lines at a newly completed Vietnamese plant into service, with plans to have it running at full clip by the end of the year. Lixil spent 30 billion yen ($283 million) to

    January 14, 2014 05:43 am JST
  • Office work boom a win-win for Philippines, foreign firms

    MANILA -- Foreign businesses are moving beyond call centers in the Philippines and seeking more sophisticated, value-added work, bolstering local incomes and potentially aiding growth this year and beyond. Business process outsourcing, or BPO, i

    January 14, 2014 05:18 am JST
  • Meet 'the Steve Jobs of China'

    BEIJING -- The "Steve Jobs of China," Lei Jun, got his nickname through hard work and business acumen. His company, Chinese smartphone maker Xiaomi Technology, was founded in 2010. It has already overtaken Apple Inc. in terms of market share in

    January 13, 2014 05:00 pm JST
  • Gree Electric's cool 'iron lady'

    GUANGZHOU -- Dong Mingzhu is a gambler. As chairwoman of Chinese air conditioner maker Gree Electric Appliances, Dong bet 1 billion yen ($165 million) that her company's sales would be higher than smartphone business Xiaomi's over the next five year

    January 13, 2014 05:00 pm JST
  • Huawei's Ren moves into diplomacy

    GUANGZHOU,China -- Ren Zhengfei has built Huawei Technologies into a global giant. The CEO is now focused on corporate diplomacy. He invited George Osborne, Britain's finance minister, to his corporate head offices in October. Ren praised the Br

    January 13, 2014 05:00 pm JST
  • Tencent's Ma looks for online domination

    GUANGZHOU, China -- Ma Huateng has the fear for all the right reasons. The CEO of Tencent Holdings said last November, "Our stock price is so high that it frightens me." Tencent's stock price in October temporarily reached a level 80% higher th

    January 13, 2014 05:00 pm JST
  • Aeon opens its first shopping mall in Vietnam

    HO CHI MINH CITY -- Japanese retailer Aeon on Saturday opened its first shopping mall in Vietnam. The Aeon Mall Tan Phu Celadon, located outside this bustling city, houses an Aeon supermarket, a cinema and about 120 restaurants and specialty app

    January 11, 2014 07:38 pm JST
  • Japan marks record high 11.25 million foreign visitors in 2013

    TOKYO (Kyodo) -- Foreign visitors to Japan totaled a record high 11.25 million in 2013, up 2.08 million from a year earlier and topping the 10 million threshold for the first time, according to preliminary data released by the Justice Ministry's Imm

    January 9, 2014 12:30 pm JST
  • Rising Southeast Asian wages pinching Japanese firms

    HANOI -- For Japanese manufacturers, part of the appeal of setting up shop in Southeast Asia has been to hedge against risks in China. But with wages rising dramatically across the region, some of the strategy's advantages are wearing thin. Jaka

    January 9, 2014 07:00 am JST
  • NEC, SAP to offer cheap business computing in Southeast Asia

    TOKYO -- NEC and Germany's SAP will partner on affordable Internet-based business management software tailored to Southeast Asian markets. SAP is the global leader in enterprise resource planning -- applications for core business processes such

    January 9, 2014 07:00 am JST
  • Asia's Next Vanguard 2014

    Asian corporate leaders are racing into the year of the horse. Executives are confident 2014 will be the year that the global economy recovers, and that demand stabilizes. Poised to capitalize on the post-crisis opportunities is a new generation of

    January 9, 2014 12:00 am JST
  • VietJet Air: The path of Khanh

    HANOI -- Luu Duc Khanh is off to a flyer. The sole private-sector low-cost carrier in Vietnam, VietJet Air, expected losses in its first three years in business. But Managing Director Khanh says the company beat expectations. Khanh, 53, first wo

    January 9, 2014 12:00 am JST
  • Hoang hopes McDonald's hits the spot in Vietnam

    HANOI -- Nguyen Bao Hoang, a 40-year-old Vietnamese-American, used to dream of bringing McDonald's to his ancestral homeland while working a part-time job at the burger chain in the U.S. Last year, his dream took a big step toward coming true; he wa

    January 9, 2014 12:00 am JST
  • East Asian companies taking more to bonds for funding

    MANILA -- Corporate bond issuance is on the rise in East Asia, as companies in some of the fastest growing economies in the region look for ways to raise funds quickly. Notably, many Asian companies turning to the bond market to finance growth a

    January 9, 2014 12:00 am JST