Some experts are concerned that South Korea's corporate tax hike will impact investment and wages.
Economy

South Korea to hike corporate tax, bucking global trends

Samsung Electronics, Hyundai Motor could face 25% levy, up from 22%

5 December 2017
A Nov. 15 earthquake in Pohang damaged many buildings, including a college in the city seen in this photo.
Business trends

South Korea stands on shaky ground against earthquakes

Ignorance, shoddy construction seen behind extensive building damage

4 December 2017
Talk of abolishing large-denomination bank notes largely centers on preventing criminals from hoarding cash.
Economy

The case for getting rid of high-denomination bank notes

Softer cashless route would hinder criminals, crack interest rate constraints

4 December 2017
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Economy

Chip stocks keep dropping in Asia as demand sags

Investors selling shares, worried price falls could cause global chain reaction

30 November 2017
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Economy

South Korea rate hike could spur action elsewhere in East Asia

After Fed moves, monetary policy set to come back down to earth

30 November 2017
A Mongolian performer, right, takes a selfie with her smartphone before a shortened version of a Naadam festival, a traditional Mongolian cultural and sporting event in Ulaanbaatar, Mongolia.
Business

Japanese telecom KDDI enjoys growth in crisis-battered Mongolia

Country's young population shrugs off IMF bailout and snaps up smartphones

29 November 2017
People in Seoul watch a broadcast on Nov. 29 of North Korea firing what appeared to be an intercontinental ballistic missile that landed close to Japan.
Stocks

Seoul's financial market shrugs off North Korean missile launch

KOSPI edges down while local currency dips slightly

29 November 2017
Global economic growth is expected to remain robust, but emerging economies are becoming more vulnerable to financial risks, the OECD warns in its latest outlook.
Economy

Heavy debt raises interest-rate risk for emerging economies

Monetary tightening may raise prospect of funding shocks, OECD warns

28 November 2017
There may be plenty of road ahead for economic growth, including in Asia.
Economy

Today's rational exuberance

A 'temporary bubble' is maturing into an enduring 'structural expansion'

28 November 2017
South Korean Finance Minister Kim Dong-yeon speaks at a media briefing in Sejong on Monday, promising to help those laboring under heavy debts. (Photo courtesy of the Ministry of Strategy and Finance)
Economy

South Korean households up to their necks in debt

Government promises help for borrowers, but rate hikes may hurt more

27 November 2017
Containers are stacked at a Shanghai port. China and other emerging economies are pushing world trade volume higher. (Photo by Akira Kodaka)
Economy

World trade grows 5.1% in July-September, fastest in over 6 years

China infrastructure investment, emerging economies drive brisk gains

26 November 2017
APEC leaders pose for a group photo in Danang, Vietnam, on Nov. 11.
Economy

Trump's tour of Asia shows just how powerful Xi has become

'America first' takes second place to trade deals being crafted by China

23 November 2017
Workers put the final touches on Incheon International Airport's Terminal 2 on Nov. 21. The new terminal, home to Korean Air and its three partners, will open in January. (Photo by Kim Jaewon)
Economy

KAL to enjoy exclusive benefits at new Incheon terminal

Premium counter, convenient transfer cluster to help airline draw more passengers

22 November 2017
Giant cranes are seen at the Hanjin Shipping container terminal at Incheon New Port in Incheon, South Korea, on Sept. 7, 2016.
Economy

Credit tightening 'dominoes' threaten Asia with hidden risks

Higher interest rates could roil stock markets and upset currency flows

22 November 2017
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Economy

Trump discussed trade pact with Abe, US ambassador says

On North Korea, Washington's goal is to 'denuclearize' peninsula

17 November 2017
A Lotte Mart is seen closed in Jiaxing, Zhejiang province, China on Sep. 8.
Economy

South Korean companies still face China obstacles, despite positive talks

Lotte, Hyundai Motor play wait-and-see, while Orion plans aggressive product launches

16 November 2017
Fast Retailing Chairman and CEO Tadashi Yanai
Economy

Uniqlo aims for just local enough

Tadashi Yanai aims for a global clothing brand that can satisfy diverse markets

16 November 2017
Mukesh Ambani leads India's largest conglomerate, Reliance Industries.
Economy

Meet Asia's richest family, the Ambanis of India

Brothers climbed atop Forbes list by giving India cheap telco services

15 November 2017
U.S. President Donald Trump and Chinese President Xi Jinping make joint statements at the Great Hall of the People in Beijing on Nov. 9.
Economy

Xi Jinping bests Trump in Asia-Pacific diplomacy

US push for bilateral trade deals could make or break its regional influence

15 November 2017
Philippine President Rodrigo Duterte chairs a meeting on the RCEP trade deal in Manila on Nov. 14.
Economy

After delay, RCEP leaders resolve to wrap up pact in 2018

Duterte stresses Asia-Pacific framework is not just another trade deal

14 November 2017
Leaders at the ASEAN+3 meeting make a show of unity in Manila on Nov. 14.
Economy

ASEAN+3 pledges to fight deglobalization, protectionism

Leaders vow to work together in face of' 'inward-looking' politics

14 November 2017
Thai Prime Minister Prayuth Chan-ocha, Vietnamese Prime Minister Nguyen Xuan Phuc, U.S. President Donald Trump, Philippine President Rodrigo Duterte and Singaporean Prime Minister Lee Hsien Loong pose for a family photo during the ASEAN-U.S. 40th Anniversary Commemorative Summit in Manila on Nov. 13.
Economy

Trump's devotion to trade puts North Korea issue on hold

ASEAN meetings proving to be missed chance to secure China's commitment

14 November 2017
Japan's Economy Minister Toshimitsu Motegi, right, and Vietnam's Industry and Trade Minister Tran Tuan Anh shake hands at a press conference announcing an agreement in principle for the Trans-Pacific Partnership trade deal in Danang, Vietnam on Nov. 11.
Economy

TPP nations reignite multilateral trade hopes as Trump looks on

11-nation agreement could have knock-on effects on future trade deals

12 November 2017
National leaders pose during group photo session at the APEC Summit in Danang, Vietnam on Nov. 11.
Economy

Trump's isolation stands out as APEC leaders embrace multilateralism

Gathering focused on trade, leaving China unchecked on South China Sea issue

12 November 2017