Announcements
Nikkei Asia wins five prizes at WAN-IFRA Asia awards
Judges recognize coronavirus pandemic coverage, photography and U.S.-China feature
South Korea
Supply Chain
Taking cue from new president, South Korean companies pivot to U.S.
Hyundai, Samsung step up American investments as Chinese sales slump
Biden's Asia policy
Biden arrives in Japan; Australia election winner Albanese to join
Prime minister-designate will fly to Tokyo hours after being sworn in
Business trends
South Korea's latest high-pressure corporate competition: pay raises
Junior employees at nation's top companies frustrated with seniority-based salary scales
Indo-Pacific
Biden and Yoon discuss bombers, missiles and bigger deterrence
New South Korean leader vows to play active role toward rules-based Indo-Pacific
Automobiles
Hyundai Motor Group to spend $5.5bn on first EV, battery plants in U.S.
Vehicle factory in Georgia expected to begin commercial output in first half of 2025
Supply Chain
Biden visits Samsung's chip plant to highlight economic security
President calls for supply-chain coordination among value-sharing partners
Indo-Pacific
Biden shifts focus back to Indo-Pacific with first trip to region
U.S. president visits South Korea before moving to Japan for Quad summit
Materials
Lotte Chemical to pour $8bn into battery materials and hydrogen
Focus on growth fields to help nearly triple overall revenue by decade's end
Business deals
Eneos unit to sell South Korea copper smelter stake for $730m
Proceeds will be used to ramp up investment in advanced chip materials
Markets
Asian markets tumble as investors fear stagflation
Stocks in Japan and China follow lead from decline in U.S. retailers
Biden's Asia policy
Indo-Pacific Economic Framework is not an FTA: 5 things to know
Tailored pact seeks to counter China's clout while protecting U.S. workers
Startups
Japan's SBI to invest in Asian tech with new Singapore fund
Financial giant partners with local university, South Korean insurance group
Companies
Hyundai plans to invest $16.5 bln in South Korea EV business
Auto group plans to build 1.44 million EVs a year at home by 2030.
International relations
Japan, U.S., South Korea defense chiefs to meet in June
Inauguration of new South Korean president opens door to rapprochement with Tokyo
Transportation
Singapore Airlines trims losses as Asia travel slowly rebounds
Japan and South Korea peers also look to ride elusive COVID recovery tailwind
Media & Entertainment
BTS agency Hybe looks to churn out more K-pop idols
South Korean company delves into games and NFTs to diversify profit base
Automobiles
Fast-charging Tesla and Hyundai leave Japanese EVs in the dust
Toyota and Nissan models are only compatible with low-output chargers
Your Week in Asia
Biden's Asia trip, Australia election, APEC Trade Ministers' Meeting
Your weekly lineup of Asia's biggest business and political events
Cryptocurrencies
Crypto 'death spiral' shocks users, emboldens regulators
Collapse of TerraUSD stablecoin was the danger watchdogs had flagged