Korea to Phase Out Magnetic Strips on Debit Cards
Korea has decided to quickly phase out debit cards with magnetic strips, the Financial Supervisory Service announced Tuesday.
Business
Honda Set to Storm Market for Small Business Jets
The $4.5-million HondaJet is being certified for commercial sale beginning in early 2013 as Honda Motor Company prepares to become a giant in the market ...
Japan Posts First Trade Deficit Since 1980
Japan posted a trade deficit of ¥2.5 trillion ($32.1 bil.) for 2011, the first such deficit since 1980.
Taiwan's Yulon to Build Cars in Russia
Taiwan's leading carmaker announced that it will begin building cars in Russia beginning this year.
Gang Ren Creates First 3-D Image of Single Molecule
Gang Ren has rigged up a microscope to produce the first-ever detailed 3D image of an individual molecule.
McDonald's Adds European Feel While Doubling in China
McDonald's is investing in European-style makeovers for 80% of its China outlets by 2013 to attract more young urban adults even as it plans to ...
China Firm Produces Low-Cost Maglev Train
A firm in Hunan province unveiled a magnetically levitated (maglev) train that is both far less expensive and more environmental-friendly than conventional trains.
Yi Cui Achieves Grid-Battery Breakthrough
Yi Cui's new electrode appears ideally suited for use in batteries for electric power grids.
China Reverses Tight Money Policy, Sends Stocks Soaring
China signaled a reversal in its tight-money policy Thursday evening by cutting the ratio of funds that its banks are required to keep in reserve ...
Hisataka Kobayashi's Probe Tags Cancer Cells Instantly
Hisataka Kobayashi has developed a spray that makes cancer cells fluoresce instantly for easy removal.
Yuan Already Near Equilibrium Says China
The yuan is getting close to the equilibrium value, said Chinese government think tank economist, refuting the US claim that it remains undervalued by about ...
China Bans Commercials on TV Dramas
In yet another blow to China's private satellite TV broadcasts, the central government will require TV stations to stop interrupting drama shows with commercials beginning ...
Beijing On Way to Becoming Global Software Center
Beijing's IT and software industries already employ more people than Silicon Valley and is set to produce 680 billion ($106.7 billion) in revenues with 700,000 ...
China in Seesaw Battle with US Over Smartphone Lead
China and the US are locked in a close contest for the title of world's top smartphone market, according to conflicting reports from various industry ...
North China Foxconn Worker Jumps to Her Death
A female employee at Foxconn's Taiyuan plant jumped to her death from a company building, reported Xinhua Thursday.
Italy's Chinese Enclave Suffers from Debt Crisis
Over 3,000 Chinese garment factories employing tens of thousands of Chinese are facing hard times in Prato.
Japan Domestic TV Shipments Plunge 73.7%
Only 746,000 flat-screen TVs were shipped in October, 73.7% plunge from a year earlier.
Foxconn to Add 300,000 Robots Without Layoffs
The world's largest electronics contract manufacturer will 300,000 robots to its assembly lines without cutting any of its 1.2 million workers in China,
Japan's Retailing Giants Sell Fukushima Foods
Some of Japan's biggest retailers are supporting Fukushima farmers by selling their rice and produce to show they are completely safe.
Small Business Startups Surge Among Older Koreans
he number of S. Koreans over the age of 50 who are self-employed jumped to a record 3.1 million in October.
Tokyo, Osaka Bourses to Merge into World's No. 2
Tokyo Stocks Exchange Group Inc. (TSE) and Osaka Securities Exchange Co. (OSE) will merge in January 2013 to create the world's second-largest stock exchange.
Surging China Demand Drives Up Soy Bean Prices
Soybean prices have surged after China decided to import six to eight shiploads to replenish its national soybean stockpile.
Lin Yang Enables Hi-Res Free TV for Speeding Cars
Lin Yang's SuperTV technology lets cars on US freeways receive terrestrial digital TV broadcasts in 1080i resolution.
China's Growth to Remain at Robust 9.2% in 2012
Despite the government measures to ease inflationary pressures, China's economy will grow a robust 9.2 percent in 2012.
Fiat's Wicked Small Racer Reborn at LA Auto Show
The Fiat 500 Abarth, which made its US debut at the 2011 LA Auto Show, is the car most likely to tempt driving enthusiasts who ...
Hong Kong Disneyland Begins Expansion Amid Red Ink
On Thursday Hong Kong Disneyland kicked off the first phase of an expansion aimed at allowing it ultimately to turn a profit.
China Imports Record Amount of US Pork
US pork imports to China hit a new high in September of 41,000 tons.
China LED Sector in Shakeout Amid Bright Prospects
China's LED makers are facing increasingly dark days ahead due to severe over-investment leading to cutthroat competition.
Rachel Roy Launches First Beauty Product
Fashion designer Rachel Roy draws on her love of dramatic, smudgy eye makeup to launch the Rachel Roy Eye Shadow Collection.
China Consumers Remain Confident of Income Growth
China's consumers are even more confident of continuing income growth this year than they were last year despite the high inflation rate.
Hot Money Seen Flowing Out of China As Yuan Slides
China's four major state-owned banks have seen deposits fall by 400 billion yuan ($63 billion) in the first ten days of December.
Toyota in Talks to Start Buying Parts from Hyundai
In yet another sign of the eroding market position of Japan's leading carmakers, Toyota may follow other Japanese automakers in importing key parts from South ...
David Eun Hired to Head Up Samsung Media Push
Former AOL Media and Studios President David Eun will head up Samsung's global media strategy.
China Slaps Duties on US Cars As Trade Tiff Escalates
Cars made in the US will have anti-subsidy and anti-dumping duties imposed on them effective December 15.
Hong Kong Tops US, UK in Global Financial Development Survey
Hong Kong has passed the US and the UK to become the first Asian market to become the most highly developed global financial center.
Bhushan Sopori Uses Light to Boost Solar Cell Efficiency
Bhushan Sopori's optical oven saves half the energy used in baking solar cells while boosting their photovoltaic efficiency.
Foxconn Posts Record Revenues in November
Strong demand for Apple iPhones and iPads has helped Taiwan-based OEM Foxconn post record revenues of NT$300 billion ($10 bil.) in November.
JiangJiang Gu Develops Super-Efficient Nanowire 3-D Transistor
Jiangjiang Gu's nanowire transistor breaks the speed and energy-efficiency barriers of silicon transistors.
Taiwan, Intel to Develop Super-Efficient Memory Chips
Taiwan and Intel will jointly develop new computer memory products within five years.
Expat Executives in China Happy with Work, Pay
Expats are pleased with China's dynamic, high-growth business environment and globally competitive compensation levels.
Hong Kong's Top Media Mogul to Retire at 104
Legendary producer Run Run Shaw, who built the Hong Kong film industry into a global player, will retire from Television Broadcasts Ltd (TVB) at the ...
Small Imported Cars Tops in S. Korea Sales Growth
Import car sales jumped 12.1% in November over October while sales of domestic makes have fallen for two straight months.
L. Jay Guo Develops Coating for Radar-Invisible Paint
L. Jay Guo has used nanotubes to develop a coating to make military vehicles invisible to both the naked eye and to radar.
S. Korea Passes UK, Italy, Netherlands in Export Volume
S. Korea's total goods export volume soared 20.5% during the first 11 months of 2011 to reach $508.7 billion.
Air France Suspends Maintenance in China
Air France suspended maintenance of its aircraft by China's Taeco on safety concerns raised by finding 30 screws missing from one of its planes.
Yahoo Shares Jump on Talk of Alibaba-Softbank Offer
Shares of Yahoo! jumped 4.8% Thursday after word leaked that China e-commerce leader Alibaba and Japan's number two mobile carrier Softbank were readying a bid ...
Four New TV Broadcasting Networks Debut in S. Korea
Four major new TV broadcasting networks debuted simultaneously on December 1 in a so-called “Big Bang”.
Japanese Touch Panel Pioneers Win French Legion of Honor
The French government bestowed its highest civilian honor by knighting two Japanese entrepreneurs for their key role in the success of a major French electronics ...
Zhejiang Solar Industry Hit Hard by Falling Demand
Solar power firms are struggling to stay afloat in Zhejiang, the most fiercely entrepreneurial among China's manufacturing-driven eastern provinces.
Korea to Phase Out Magnetic Strips on Debit Cards
Korea has decided to quickly phase out debit cards with magnetic strips, the Financial Supervisory Service announced Tuesday.
Honda Set to Storm Market for Small Business Jets
The $4.5-million HondaJet is being certified for commercial sale beginning in early 2013 as Honda Motor Company prepares to become a giant in the market ...
Japan Posts First Trade Deficit Since 1980
Japan posted a trade deficit of ¥2.5 trillion ($32.1 bil.) for 2011, the first such deficit since 1980.
Taiwan's Yulon to Build Cars in Russia
Taiwan's leading carmaker announced that it will begin building cars in Russia beginning this year.
Gang Ren Creates First 3-D Image of Single Molecule
Gang Ren has rigged up a microscope to produce the first-ever detailed 3D image of an individual molecule.
McDonald's Adds European Feel While Doubling in China
McDonald's is investing in European-style makeovers for 80% of its China outlets by 2013 to attract more young urban adults even as it plans to ...
China Firm Produces Low-Cost Maglev Train
A firm in Hunan province unveiled a magnetically levitated (maglev) train that is both far less expensive and more environmental-friendly than conventional trains.
Yi Cui Achieves Grid-Battery Breakthrough
Yi Cui's new electrode appears ideally suited for use in batteries for electric power grids.
China Reverses Tight Money Policy, Sends Stocks Soaring
China signaled a reversal in its tight-money policy Thursday evening by cutting the ratio of funds that its banks are required to keep in reserve ...
Hisataka Kobayashi's Probe Tags Cancer Cells Instantly
Hisataka Kobayashi has developed a spray that makes cancer cells fluoresce instantly for easy removal.
Yuan Already Near Equilibrium Says China
The yuan is getting close to the equilibrium value, said Chinese government think tank economist, refuting the US claim that it remains undervalued by about ...
China Bans Commercials on TV Dramas
In yet another blow to China's private satellite TV broadcasts, the central government will require TV stations to stop interrupting drama shows with commercials beginning ...
Beijing On Way to Becoming Global Software Center
Beijing's IT and software industries already employ more people than Silicon Valley and is set to produce 680 billion ($106.7 billion) in revenues with 700,000 ...
China in Seesaw Battle with US Over Smartphone Lead
China and the US are locked in a close contest for the title of world's top smartphone market, according to conflicting reports from various industry ...
North China Foxconn Worker Jumps to Her Death
A female employee at Foxconn's Taiyuan plant jumped to her death from a company building, reported Xinhua Thursday.
Italy's Chinese Enclave Suffers from Debt Crisis
Over 3,000 Chinese garment factories employing tens of thousands of Chinese are facing hard times in Prato.
Japan Domestic TV Shipments Plunge 73.7%
Only 746,000 flat-screen TVs were shipped in October, 73.7% plunge from a year earlier.
Foxconn to Add 300,000 Robots Without Layoffs
The world's largest electronics contract manufacturer will 300,000 robots to its assembly lines without cutting any of its 1.2 million workers in China,
Japan's Retailing Giants Sell Fukushima Foods
Some of Japan's biggest retailers are supporting Fukushima farmers by selling their rice and produce to show they are completely safe.
Small Business Startups Surge Among Older Koreans
he number of S. Koreans over the age of 50 who are self-employed jumped to a record 3.1 million in October.
Tokyo, Osaka Bourses to Merge into World's No. 2
Tokyo Stocks Exchange Group Inc. (TSE) and Osaka Securities Exchange Co. (OSE) will merge in January 2013 to create the world's second-largest stock exchange.
Surging China Demand Drives Up Soy Bean Prices
Soybean prices have surged after China decided to import six to eight shiploads to replenish its national soybean stockpile.
Lin Yang Enables Hi-Res Free TV for Speeding Cars
Lin Yang's SuperTV technology lets cars on US freeways receive terrestrial digital TV broadcasts in 1080i resolution.
China's Growth to Remain at Robust 9.2% in 2012
Despite the government measures to ease inflationary pressures, China's economy will grow a robust 9.2 percent in 2012.
Fiat's Wicked Small Racer Reborn at LA Auto Show
The Fiat 500 Abarth, which made its US debut at the 2011 LA Auto Show, is the car most likely to tempt driving enthusiasts who ...
Hong Kong Disneyland Begins Expansion Amid Red Ink
On Thursday Hong Kong Disneyland kicked off the first phase of an expansion aimed at allowing it ultimately to turn a profit.
China Imports Record Amount of US Pork
US pork imports to China hit a new high in September of 41,000 tons.
China LED Sector in Shakeout Amid Bright Prospects
China's LED makers are facing increasingly dark days ahead due to severe over-investment leading to cutthroat competition.
Rachel Roy Launches First Beauty Product
Fashion designer Rachel Roy draws on her love of dramatic, smudgy eye makeup to launch the Rachel Roy Eye Shadow Collection.
China Consumers Remain Confident of Income Growth
China's consumers are even more confident of continuing income growth this year than they were last year despite the high inflation rate.
Hot Money Seen Flowing Out of China As Yuan Slides
China's four major state-owned banks have seen deposits fall by 400 billion yuan ($63 billion) in the first ten days of December.
Toyota in Talks to Start Buying Parts from Hyundai
In yet another sign of the eroding market position of Japan's leading carmakers, Toyota may follow other Japanese automakers in importing key parts from South ...
David Eun Hired to Head Up Samsung Media Push
Former AOL Media and Studios President David Eun will head up Samsung's global media strategy.
China Slaps Duties on US Cars As Trade Tiff Escalates
Cars made in the US will have anti-subsidy and anti-dumping duties imposed on them effective December 15.
Hong Kong Tops US, UK in Global Financial Development Survey
Hong Kong has passed the US and the UK to become the first Asian market to become the most highly developed global financial center.
Bhushan Sopori Uses Light to Boost Solar Cell Efficiency
Bhushan Sopori's optical oven saves half the energy used in baking solar cells while boosting their photovoltaic efficiency.
Foxconn Posts Record Revenues in November
Strong demand for Apple iPhones and iPads has helped Taiwan-based OEM Foxconn post record revenues of NT$300 billion ($10 bil.) in November.
JiangJiang Gu Develops Super-Efficient Nanowire 3-D Transistor
Jiangjiang Gu's nanowire transistor breaks the speed and energy-efficiency barriers of silicon transistors.
Taiwan, Intel to Develop Super-Efficient Memory Chips
Taiwan and Intel will jointly develop new computer memory products within five years.
Expat Executives in China Happy with Work, Pay
Expats are pleased with China's dynamic, high-growth business environment and globally competitive compensation levels.
Hong Kong's Top Media Mogul to Retire at 104
Legendary producer Run Run Shaw, who built the Hong Kong film industry into a global player, will retire from Television Broadcasts Ltd (TVB) at the ...
Small Imported Cars Tops in S. Korea Sales Growth
Import car sales jumped 12.1% in November over October while sales of domestic makes have fallen for two straight months.
L. Jay Guo Develops Coating for Radar-Invisible Paint
L. Jay Guo has used nanotubes to develop a coating to make military vehicles invisible to both the naked eye and to radar.
S. Korea Passes UK, Italy, Netherlands in Export Volume
S. Korea's total goods export volume soared 20.5% during the first 11 months of 2011 to reach $508.7 billion.
Air France Suspends Maintenance in China
Air France suspended maintenance of its aircraft by China's Taeco on safety concerns raised by finding 30 screws missing from one of its planes.
Yahoo Shares Jump on Talk of Alibaba-Softbank Offer
Shares of Yahoo! jumped 4.8% Thursday after word leaked that China e-commerce leader Alibaba and Japan's number two mobile carrier Softbank were readying a bid ...
Four New TV Broadcasting Networks Debut in S. Korea
Four major new TV broadcasting networks debuted simultaneously on December 1 in a so-called “Big Bang”.
Japanese Touch Panel Pioneers Win French Legion of Honor
The French government bestowed its highest civilian honor by knighting two Japanese entrepreneurs for their key role in the success of a major French electronics ...
Zhejiang Solar Industry Hit Hard by Falling Demand
Solar power firms are struggling to stay afloat in Zhejiang, the most fiercely entrepreneurial among China's manufacturing-driven eastern provinces.
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