South Korea's Yoon calls for boosting ties with Japan and the U.S.
SEOUL -- President Yoon Suk Yeol said Thursday that enhancing trilateral cooperation with the U.S. and Japan will benefit South Korea's security and economy.
Nikkei staff writer in asian news
Baidu PR chief's videos spark backlash over harsh workplace culture
HONG KONG -- Chinese search engine giant Baidu faces a public relations headache after the head of its own PR department struck a nerve with a series of videos on social media.
China will make just 2% of most advanced chips by 2032, report says
LOS ANGELES -- The U.S. is set to more than triple its semiconductor manufacturing capacity and control almost 30% of advanced chipmaking by 2032, thanks in no small part to the CHIPS Act.
Australia to spend $372m on resource mapping to stoke energy transition
SYDNEY -- Australia will spend more than $370 million to map mineral deposits as part of efforts to boost sectors important to the green energy transition, Prime Minister Anthony Albanese said on Wednesday, even as the government faces fresh questions about the effectiveness of its industrial policy.
Samsung, LG lean on AI-powered kitchens to fend off Chinese rivals
SEOUL -- South Korea's Samsung Electronics and LG Electronics have released AI-assisted kitchen appliances, aiming to tap demand for value-added products amid price competition with Chinese manufacturers.
Toyota posts record profit as hybrid sales accelerate
TOKYO -- Toyota Motor on Wednesday reported a record net profit of 4.9 trillion yen ($31.8 billion) for the financial year that ended in March, double that of the previous 12 months amid a weak yen and accelerating demand for hybrid vehicles.
South Korea's Hyundai Marine Solution nearly doubles in market debut
SEOUL -- Shares in the maintenance and repair unit of South Korea's biggest shipbuilding conglomerate HD Hyundai Group nearly doubled in their stock market debut on Wednesday after the company completed the country's biggest initial public offering in more than two years.
Philippines to beef up defenses against South China Sea threats
MANILA -- The clear and present maritime threat from China in the South China Sea is compelling the Philippines to step up its newly-announced defense strategy and modernization of its arsenal.