JD.com founder Richard Liu Qiangdong might have lost half his paper wealth in 2018, but he should be happy that he’ll be home for Christmas.The...

Korea said Monday it will fine BMW US$9.9 million and will file a criminal complaint against the German automaker for delaying a recall of cars...

Owners of BMWs in Korea will have to visit service centers again due to another recall over a faulty intake manifold.The Ministry of Land, Infrastructure...

Technology theft has been at the heart of the trade war between the United States and China. While Beijing has denied these allegations from the...

The year of the Golden Pig is around the corner, but no Eldorado is in sight for Xi Jinping’s China. According to Chinese astrology, the...

Beijing sees cyber espionage as necessary for China's national progress and will not be ending the practice on current terms, an expert said on Friday...

These are tough times for China’s slowing economy. Battered by sluggish growth and uncertainty surrounding trade talks with the United States next month, Beijing has...

Companies catering to children, including makers of dairy products, are being forced to adapt their business models in the face of a declining birthrate and...

Lotte's flagship duty-free shop in Sogong-dong, downtown Seoul is expected to achieve sales of more than W4 trillion this year, making it the most successful...

Korea's leading messaging app operator Kakao has opened its first overseas character store in Japan, in Tokyo's shopping district of Omotesando.Kakao said Sunday the Kakao...

It is estimated that retail sales, which indicate the appetite of Chinese consumers, will grow at about 9% in 2019, contributing 65% to GDP growth...

Asian markets have hit the bottom and will likely turn around in 2019 due to China's expansionary monetary policies to help spur economic growth, a...

Policymakers have limited room to move these days, and together with the slowdown in economic growth and increasing systemic risks, these are the greatest difficulties...

China’s Ministry of Commerce stated on its website today that the US and China “made new progress” at a vice-minister-level call. Chinese TV spoke of...

Two of the richest women in Hong Kong and China saw their wealth drop more than HK$200 billion (US$25.7 billion) after a tough run on...

China has become a global logistics power and the world’s largest logistics market, racking up 12.1 trillion yuan (US$1.76 trillion) in logistics costs in 2017, ...

The number of members of labor union exceeded 2 million for the first time ever in 2017, according to figures released by the Ministry of...

Businesses are taking drastic steps including gender segregation to avoid sexual harassment at Christmas parties as the Me Too movement holds Korea in thrall, with...

People stand under heavy rain at the Bund in front of the financial district of Pudong, in downtown Shanghai.Mounting trade risks are dragging down the...

Chinese Internet firm ByteDance, owner of Toutiao, a popular machine learning-enabled content platform, is quietly expanding its portfolio to e-commerce, finance and social media, The...

China is facing an opportunity to push forward capital market reform, as the market has largely shed risks and now boasts long-term investment value, said...

The head of Goldman Sachs defended the investment bank's handling of the scandal-plagued Malaysian fund 1MDB on Friday (Dec 21), saying much criticism of the...

Call it a bike run. Thousands of customers of Ofo, an ailing bike-sharing company, lined up outside its Zhongguancun headquarter on Monday to ask for...

In a major vote of confidence from a Western airline a decade after suspending operations due to security fears, British Airways will resume service to...

Zhang Lianqi, managing partner at Ruihua Certified Public Accountants, believes it is necessary to raise the deficit-to-GDP ratio target to 3% in 2019, Securities Daily...

SoftBank Corp President and CEO Ken Miyauchi rings the bell during a ceremony for the company's listing at the Tokyo Stock Exchange on December 19,...

The Wuyuan scenic spot in Jiangxi province is offering a 50% discount on entry tickets for visitors that are using domestic brands of mobile phones,...

Japan faces fewer micro and macro economic issues compared to the U.S., Europe and China — and might end up being one of the best...

Before the Federal Reserve will deliver its decision on interest rates, the central bank announced the creation of a new monetary policy tool — targeted...

China’s top government officials overseeing the economy began a two-day conclave on Tuesday, incidentally coinciding with the two-day meeting of US Federal Reserve policymakers.Statements from...

So far, 42 securities brokers have pledged to invest 52.75 billion yuan (US$7.65 billion) to launch asset management plans to help private enterprises ease their...

Tibet’s government-in-exile cheered the US Senate’s passage of an act demanding US diplomats, journalists and other Americans be allowed to freely visit Tibet, but Beijing...

Korean banks with branches in Vietnam are basking in the halo of the Vietnamese national football team's Korean coach Park Hang-seo.Industry insiders on Tuesday said...

Boy band Bangtan Boys, also known as BTS, are worth W5.56 trillion a year to Korea's economy (US$1=W1,130).The annual knock-on effects of their success are...

Chinese pig breeders have accumulated years of experience to determine if a sow is pregnant, based on careful observation of the animal's behavioural changes over...

Apple's latest flagship smartphone, iPhone XS, is more expensive in Korea than in the U.S., Japan and some other countries. Apple launched the phone in...

Korea's biggest instant noodle maker Nongshim expects record overseas sales this year.Nongshim on Monday estimated that its overseas sales for this year will amount to...

A military sergeant responsible for the security of the president and vice-president of Taiwan has been dismissed for “fraud and illegal gambling,” Taiwanese newspapers reported...

Chinese conglomerate Wanda Group is not only selling Wanda City, its cultural tourism project, but also all its holdings in the Aeon Life Insurance Company,...

Every word will be scrutinized. Every phrase will be dissected. When President Xi Jinping addresses the movers and shakers in China’s Communist Party on Tuesday,...

South Korea plans a policy package to support its troubled car parts makers industry that includes providing financial support worth over 3.5 trillion won (US$3.10...

The Politburo of the Communist Party of China convened on Thursday to discuss economic planning for the year ahead, prior to the kick-off of the...

LG on Monday launches the Watch W7, its first smartwatch in nearly two years.The new Watch W7 comes in a shape of an analogue watch...

Ottawa’s ambassador to China has met with the second Canadian detained in China on suspicion of threatening national security, the Canadian Foreign Ministry said Sunday.The...

The China Internet wealth management index has fallen for the first time since 2013, recording a decline of more than 23%, said Yin Jianfeng, a...

The price of new commercial residential buildings in first-tier cities increased slightly in November, while second-hand residential properties continued to decline, according to data released...

The scale of tax cuts for the year ahead could exceed 1.5 trillion yuan (US$220 billion), according to several tax experts, Yicai.com reported.Top policymakers have...

The ongoing trade war between China and the United States is just the tip of the iceberg hiding deeper, underlying tensions between the world's two...

Despite a tricky few months, Walmart is sticking by its $16 billion bet to help it win the online retail war.The U.S. retail giant bought...

India may be steaming ahead when it comes to technological innovation, but top local tech talents would still rather work at one of the multinational...

Blue Dragon, a non-profit organisation based in Hanoi, Vietnam knows that rescuing trafficking victims is anything but easy. Rescuers, who remain anonymous for their own...

The People’s Liberation Army is now in the middle of a reform program to transform itself into a genuine blue water navy and an air...

Policy, policy and more policy. Buried beneath the trade war truce and the media merry-go-round surrounding Meng Wanzhou’s court drama is a crucial meeting which...

This time every year, people all over the world get new devices. Regardless of what holiday(s) you may (or may not) celebrate, the end of...

US stocks followed the rest of the world down on Friday, poised to end a turbulent week on a somber note.All major US benchmarks opened...

The top performers in a rally staged by Hong Kong-listed Chinese stocks overnight were infrastructure companies led by a 7% gain in China Tower Corp,...

Real estate enterprises with an operating income of more than 30 billion yuan (US$4.36 billion) will now be allowed to issue bonds for financing, according...

The Sinochem International Corporation, an affiliate of Chinese conglomerate Sinochem, said it is planning to enter the new materials and new energy industries that are...

China’s Chang’e 4 probe has now entered lunar orbit, making steady headway towards the first-ever soft landing on the far side of the moon by...

China is preparing to replace its Made in China 2025 policy with a program designed to allow foreign companies greater participation in the Chinese economy,...

An employee installs interior accessories inside a BMW X4 sports utility vehicle on the assembly line at the BMW assembly plant in Greer, South Carolina.If...

An Australian government review has suggested implementing a series of tough measures to curb the influence of U.S. tech giants.Establishing a watchdog dedicated to regulating...

The arrest of auto industry titan Carlos Ghosn in Tokyo last month was believed by some to be a palace coup designed to remove him...

The Central Economic Work Conference, the annual meeting that sets the national agenda for the Chinese economy for the year ahead, will likely choose a...

In the face of Sino-US trade friction, China’s best response is to unswervingly put forward a new round of reform and opening up with greater...

The National Development and Reform Commission recently held a symposium in Beijing on preparations for the 14th Five-Year Plan, which is the blueprint for development...

The international incoming voice call minute has dropped by three-fourths in the last three years, as people progressively switch to internet-based mobile apps that cost...

Hyundai released its new Palisade SUV in Korea on Tuesday after unveiling it at the Los Angeles Auto Show late last month. It is the...

China aims to significantly improve its charging technology and infrastructure to increase the use of electric vehicles according to a new policy released by National...

The Chinese government has dealt a blow to struggling Korean game developers by tightening a crackdown on computer game addiction.China is even revoking the existing...

Over the past ten years, one of the most important reasons for China’s rising leverage rate is the decline in economic growth efficiency, said Zhang...

There were 23 housing projects approved for sale in Shenzhen in November, adding 13,217 units of new housing, including 9,714 residential homes, a three-year high...

Renault Samsung will begin producing the Twizy, a small two-seater electric car, in Busan next year, the automaker said Monday.The news comes after the company...

Samsung on Monday admitted its first batch of 500 trainees in Seoul, Daejeon, Gwangju and Gumi.In a bid to mollify the government, Samsung will provide...

Local government debt issuance saw a sharp drop in November, recording 45.94 billion yuan, while October debt issuance hit 256 billion yuan, Securities Daily reported.Li...

Hoping to ease financing difficulties for small and private companies by lowering the benchmark interest rate may not be the best idea, said Sheng Songcheng,...

Russia has overtaken the UK to become the world’s second-largest arms producer but still lags far behind the United States, according to a new report...

Chinese Vice Foreign Minister Le Yucheng on Sunday urgently summoned US Ambassador to China Terry Branstad to make a solemn representation and “strong protests” against...

Kakao Mobility launched a trial service of its new ride-sharing app on Friday despite fierce resistance from conventional taxi drivers. Full services will start on...

Hyundai sold more than 500,000 cars in India for the third straight year. According to the automaker, cumulative sales in India from January to November...

Major information technology firm DeNA Co. has launched a free taxi service in Tokyo for users of the company’s taxi-calling application for smartphones and other...

China’s export growth sank in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington.Exports rose 5.4 percent over...

China summoned the Canadian ambassador to protest the detention of a top executive of leading Chinese tech giant Huawei, calling it “unreasonable, unconscionable, and vile...

A Canadian prosecutor told a packed court in Vancouver on Friday that Meng Wanzhou, chief financial officer of Chinese telecommunications giant Huawei, defrauded US banks...

A newly installed Republican US president, eager to sweep aside the work of his Democratic Party predecessor, scuttles a hard-won multilateral agreement with an aggressive...

Turmoil at Japan's Nissan Motor surrounding allegations of impropriety by ousted chairman Carlos Ghosn raises questions about the oversight role of the company's board of...

Small and mid-sized businesses are cutting back even on hiring cheaper foreign laborers.The Korea Federation of SMEs said last week that the application rate for...

Korea's video game industry is losing steam as competition from overseas heats up.Though the sector saw robust growth in the Chinese, European and Southeast Asian...

BMW Korea said Thursday that it has completed 86 percent of recalls over spontaneous engine fires in certain models in some three months since the...

One reason for Korea's high youth unemployment despite a shortage of workers in smaller firms is the vast wage gap between big and small businesses.Workers...

Korea's first for-profit hospital, the Greenland International Hospital, will open in Jeju next year.In a press conference on Wednesday, Jeju Province Governor Won Hee-ryong announced...

The Financial Services Commission on Wednesday fined Samsung BioLogics W8 billion for intentionally inflating its value ahead of its public offering in 2016 (US$1=W1,114).Last month,...

Sanya, a city on the southern end of China’s Hainan Island that boasts  several bays with large beach resorts, is hoping to attract 900,000 inbound...

Stabilizing employment remains a top priority as the State Council released a series of employment-boosting policies on Wednesday, including rebates and entrepreneurial loan guarantees, 21st...

President Xi Jinping’s bold efforts at the G20 summit and the subsequent Sino-US trade dispute truce has directly boosted the yuan exchange rate and foreign...

Xiaomi founder, chairman and CEO Lei Jun hits a gong at the company's initial public offering launch on the Hong Kong Stock Exchange on July...

Hotel Shilla's Korean restaurant La Yeon in Seoul ranks 175th with a score of 92 on La Liste, a list of the 1,000 best restaurants...

Samsung has extended its partnership with the International Olympic Committee until 2028 from the current 2020.The announcement was made at a signing ceremony in Seoul...

The Shenzhen municipal government has put forward a massive 400 billion-yuan plan, aiming to better support the development of the private economy, Southern Metropolitan Daily...

Property tycoon Gordon Wu Ying-sheung plans to take his flagship Hopewell Holdings company private, according to media reports, in a buyout that could cost as...

Korea is suffering the biggest building slump since the 1997 Asian financial crisis.According to the Bank of Korea on Tuesday, construction investment fell 6.7 percent...

The National Development and Reform Commission and ten other departments have co-released a document that proposes to accelerate the disposal of “zombie enterprises” and the...

Chinese real estate developer Vanke is back on top of home sales in November, surpassing that of Evergrande and Country Garden, The Paper reported.Vanke sold...

A self-driving car developed in Korea began delivering products in Silicon Valley in California on Oct. 29.The car, called SNUver, began a trial service delivering...

Hyundai's Genesis G70 luxury sedan has been named the Car of the Year for 2019 by U.S. auto magazine Motor Trend. It is the first...

Germany is fast becoming a popular destination for Chinese e-commerce retailers to export their goods, Yicai.com reported.Currently, China has become the largest source for German...

There is still no specific timeline when the new trading board for technology and innovation will be set up on the Shanghai Stock Exchange, The...

Tencent Music Entertainment Group is planning to issue 82 million American Depositary Shares on the New York Stock Exchange, raising no more than US$1.23 billion...

At the epicenter of economically thriving Northeast Asia squats a black hole for commerce: North Korea. Globally vilified, massively sanctioned, poorly understood, it is Asia’s...

A ceasefire in the trade war between the U.S. and China caused the Korea Composite Stock Price Index to stage a long-awaited rally.The KOSPI closed...

The Fair Trade Commission tends to "criminalize" all business executives in an investigation, the head of the American Chamber of Commerce in Korea has complained.Asked...

Renault Samsung next September will cease production of the Nissan Rogue SUV, which accounts for more than half its output and 70 percent of its...

A 90-day trade war truce was hammered out by United States President Donald Trump and China’s head of state Xi Jinping after a mini-summit dinner...

China and Argentina signed a $9 billion currency swap agreement to boost the crisis-hit South American country’s foreign currency reserves, its central bank announced Sunday.Struggling...

Enterprises in China are still complaining about their tax burden following the government’s 1.3-trillion-yuan (US$190 billion) tax cut because they are using different standards to...

The China Banking and Insurance Regulatory Commission officially released its new regulations on commercial banks’ wealth management subsidies on Sunday night, Yicai.com reported.The new rules...

A video showing a boar having trouble walking on a glass-bottomed bridge in Qingyuan in southern China has gone viral on the Internet.According to Global...

The fallout from Italian luxury brand Dolce & Gabbana’s (D&G) television ad that aired in China depicting a Chinese woman struggling to use chopsticks to...

Hyundai unveiled its new Palisade SUV at the Los Angeles Auto Show on Wednesday, with promo videos cashing in on the chart success of boy...

Korea's three major telecom companies will become the world's first to start commercial service of the next-generation 5G wireless network.SK Telecom, KT and LG Uplus...

Sprinter Van being assembled at the Mercedes-Benz Vans plant, in Ladson, S.C. Morgan Stanley has warned of higher car prices following signs of further escalation in...

Fishing boats at Shibu fishing port on September 16, 2018 in Ningbo, Zhejiang province of China.Beijing has issued a notice to Chinese fishing boats operating...

A consensus base-case scenario for a benign US-China trade outcome began to emerge on Friday, boosting US stock benchmarks ahead of a dinner between Donald...

By eliminating the overt calculation that characterizes planned economies, Chinese President Xi Jinping could remove the socio-political barriers to growth that continue to hamper the...

On the eve of the G20 summit in Buenos Aires, Chinese President Xi Jinping has published an article in the Argentinian press entitled “Creating A...

It is estimated that Chinese economic growth will decelerate to 6.5% for the year ahead, according to an outlook report published by the Bank of...

Homes only slightly bigger than the average Hong Kong parking space are about to come on the market for HK$2.85 million (US$364,332). T Plus, a...

A court has put the brakes on GM Korea's attempt to set up a research and development unit that critics fear is a preliminary to...

Gifts of real estate to spouses and children have surged as property owners seek to minimize their tax burden following a hike aimed at stemming...

The United Arab Emirates has signed a deal with French energy group EDF to help operate a Korean-built nuclear power plant, alarming some in the...

Jim Breyer, an early investor in Facebook and the cryptocurrency Ethereum, said he thinks investors should reset their expectations when it comes to returns on...

Hyundai's premium brand Genesis launched its G90 luxury sedan on Tuesday.The carmaker said it plans to release the G90, a face-lifted version of the EQ900,...

Korea's major conglomerates pay their staff considerably more than their more productive counterparts in the U.S., Japan and France.Noh Min-sun, a researcher at the Korea...

Small, agile and digitally-savvy local companies are shaking up China's fast-growing market for personal care and home goods, according to the latest report by consulting...

The downturn in home sales has begun to discourage overall investment in housing as real estate developers’ willingness to start new projects continued to weaken...

The sluggish growth recorded in recent economic data, alongside downward pressure on the price of crude oil and ferrous metals, have added to the market’s...

The People’s Bank of China, China Banking and Insurance Regulatory Commission as well China Securities Regulatory Commission have co-released a guideline to tighten the supervision...

The markets were again moved by US-China trade headlines on Tuesday, with top White House economic adviser Larry Kudlow tempering pessimistic remarks he made earlier...

China should avoid a new economic Cold War with the United States, an influential economist has warned. Wei Jie, a professor at Tsinghua University’s School...

The Dolce & Gabbana fashion brand has been badly damaged in China after initial attempts to defuse a PR crisis fell on deaf ears.The founders...

A number of Hong Kong’s most famous businessmen, including Cheung Kong Holdings founder Li Ka-shing, have been left off a list of people who contributed...

Cosmetics manufacturer Able C&C, which makes the massively cheap-and-cheerful Missha line, suffered a W19.6 billion operating loss in the first three quarters of this year...

Chinese President Xi Jinping (L) and Philippines' President Rodrigo Duterte (R) raise a toast during a state banquet at the Malacanang Presidential Palace in Manila...

As global leaders prepare for the upcoming G20 summit in Buenos Aires, Argentina, two key issues that will dominate the meeting will be the current...

The National Development and Reform Commission said it will further expand the scale of overseas financing, allowing foreign banks in China to borrow more debt...

Samsung and Hyundai were named the most socially responsible foreign companies in China. The two Korean giants topped an annual survey released by the Chinese...

The Bank of Korea is expected to hike the base interest rate when its monetary policy committee meets on Friday. The BOK has kept it...

Samsung posted global smartphone sales of $17.95 billion in the third quarter, second only to Apple but down 12.5 percent from the same quarter last...

More than 500 billion yuan (US$71.96 billion) in bailout funds have been proposed or established by local governments, brokerages and insurance firms to help private...

Voters in Taiwan backed anti-gay marriage referendum Saturday in what LGBT activists said was a devastating blow to the island’s reputation as a rights trailblazer.The...