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  • Kakao in talks to sell VW cars over South Korean app

    SEOUL -- Kakao is in talks with Volkswagen to sell the German automaker's cars through a smartphone app, the South Korean internet company said on Tuesday. Users of Kakao Mobility, a subsidiary of Kakao that already provides ride-hailing services,

    September 19, 2017 08:34 pm JST
  • Asia foreshadows rise of Chinese smartphones as iPhone X unveiled

    BANGKOK -- On Saturday morning the MBK Center, a regional electronic gadget Mecca in the heart of the Thai capital, was crowded with young technology buffs after the unveiling of the iPhone X, the latest smartphone model from Apple. Yet despite the

    September 18, 2017 01:00 pm JST
  • Asia's multinationals are hoarding cash like never before

    TOKYO -- Japan's Toyota Motor has always been known for squirreling away cash. But these days the automaker --nicknamed "Toyota Bank" for its $153 billion of reserves -- has plenty of company, especially among new Asian multinationals.Since 2000, th

    September 16, 2017 10:00 am JST
  • Samsung to back self-driving cars with $300m fund

    SEOUL -- Samsung Electronics said Thursday it will set up a $300 million fund to accelerate the development of autonomous driving technologies.The South Korean company looks to invest in companies in the autonomous driving and connected car fields,

    September 16, 2017 05:50 am JST
  • Samsung's answer to iPhone X: foldable smartphone

    SEOUL -- Samsung Electronics hopes to quickly overcome technological challenges and unveil a foldable smartphone next year, determined to guard its increasingly tenuous market perch against threats from Apple and other up-and-coming tech players. Th

    September 16, 2017 03:03 am JST
  • New iPhones highlight waning clout of Japanese parts makers

    TOKYO -- New iPhone models no longer excite Japanese parts makers as much as before, as their dominance as Apple suppliers has been eroded over the years with the rise of South Korean and Taiwanese rivals.The U.S. tech giant unveiled new iterations

    September 15, 2017 02:15 pm JST
  • Lotte supermarkets may opt for full retreat from China

    SEOUL -- Lotte Shopping will not rule out selling all supermarkets in China as the conglomerate contemplates a way forward amid a diplomatic row that has crippled its business in the country, a senior company official told The Nikkei.A majority of L

    September 15, 2017 06:15 am JST
  • Battle between Samsung, TSMC set to intensify

    TOKYO -- For Samsung Electronics, Japan forms an important part of its aggressive push into the foundry business and its aim to hold a 25% share of that market in five years.The South Korean technology group -- the world's top chipmaker by sales in

    September 14, 2017 08:30 pm JST
  • Hyundai's new China head tasked with damage control

    BEIJING -- Hyundai Motor has tapped Tan Tao-hung to lead its China division, hoping that his Chinese background can foster better relations with local partners and contain damage from South Korea's deployment of an advanced U.S. missile defense syst

    September 13, 2017 04:36 am JST
  • Lotte Group scion to sell stakes in four units

    SEOUL -- The Lotte Group founder's eldest son said on Tuesday that he would sell most of his stakes in four Lotte affiliates, a move that underscores his opposition to the South Korean conglomerate's plan to transition to a holding company.SDJ Corpo

    September 12, 2017 10:02 pm JST
  • Asian handset brands take crack at stealing iPhone X's thunder

    SEOUL -- Asia's smartphone makers have been unveiling one new model after another, hoping to get the jump on Apple and its highly anticipated iPhone X in the race for market share. Samsung Electronics on Tuesday hosted a media day for its Galaxy Not

    September 12, 2017 07:55 pm JST
  • Countries grapple with perplexing RCEP puzzle

    SINGAPORE -- Although the Regional Comprehensive Economic Partnership has been hailed as the new flag-bearer for free trade in light of the U.S. withdrawal from the Trans-Pacific Partnership, its 16 negotiating members are struggling to meet their o

    September 12, 2017 02:24 am JST
  • Samsung filling out smartphone chip line with 11nm offering

    SEOUL -- Samsung Electronics will add a key mid- to high-range option to its smartphone chip portfolio in the first half of 2018 with an 11-nanometer offering.Chips made with 11nm technology will be up to 10% smaller and offer 15% better performance

    September 12, 2017 02:00 am JST
  • Lotte Shopping looks at restructuring in China

    SEOUL -- Lotte Shopping's Chinese operations might have to be restructured to cope with what amounts to an economic sanction Beijing has imposed since the Lotte Group made some land available to U.S. forces in South Korea.Chinese authorities have ca

    September 11, 2017 08:27 pm JST
  • Toshiba Memory bidders vie for Apple's support

    TOKYO -- The consortium including Western Digital that is vying to buy Toshiba's flash memory unit is inviting Apple to join in its revised offer.The American tech giant, one of Toshiba Memory's top chip customers, is now being wooed by all three gr

    September 8, 2017 02:34 am JST
  • Samsung Electronics takes preorders for its Galaxy Note 8

    SEOUL -- Samsung Electronics on Thursday began taking preorders for the latest version of its flagship smartphone, Galaxy Note 8, promising users a better experience, thanks to an improved screen and S Pen stylus. The device will go on sale Sept. 15

    September 7, 2017 06:23 pm JST
  • Villagers, China protest additional THAAD launchers in South Korea

    SEOUL -- Hundreds of residents in Seongju on Thursday protested the deployment of four more U.S. anti-missile launchers in their rural, southeastern village.Seongju, famous for its melons, is now gaining attention for a missile defense system that U

    September 7, 2017 01:38 pm JST
  • Kia's court defeat could herald higher labor costs in South Korea

    SEOUL In a decision with implications for the South Korean economy as a whole, the Seoul Central District Court ruled in favor of Kia Motors employees demanding what they claimed were unpaid wages. The court basically upheld the labor union's argume

    September 7, 2017 10:00 am JST
  • Hyundai suffers labor problems at home and political fallout in China

    SEOUL/CHONGQING Hyundai Motor cannot seem to catch a break these days. Talks between the automaker and its trade union at home recently collapsed while the company continued to face nagging problems with its operations in China.The trade union of So

    September 7, 2017 10:00 am JST
  • Computer DRAM prices climb as chipmakers shift toward mobile

    TOKYO -- Bulk prices of computer DRAM, a benchmark semiconductor memory product for temporary storage, continue to rise as demand grows while chipmakers put output capacity toward filling demand for smartphone memory.In August, prices of standard 4-

    September 6, 2017 06:16 am JST