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The weak yen raises doubts over Japan's influence in Asia as the currency becomes less of a safe haven and less key in financial markets. (Source photo by Suzu Takahashi) 
Market Spotlight

South Korea shrugs off weak yen as Japan's influence wanes

Samsung, Hyundai Motor unfazed by depreciation, signaling power shift away from neighbor

KIM JAEWON and MITSURU OBE, Nikkei staff writers | Japan

SEOUL/TOKYO -- South Korea's big conglomerates, Samsung, Hyundai, SK, LG and the like, no longer feel threatened by a weak Japanese yen as their businesses decouple from their once-powerful neighbor.

Indeed, the flaccid yen calls into question the world's third-largest economy's economic influence in Asia as the currency loses its status as a safe haven and major factor in financial markets.

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