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Asia News on Dec. 27, 2019
Friday, December 27, 2019
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(KOREA)Around 360 units of Imported luxury cars priced at $258,000 or higher were sold in South Korea between January and November 2019.
The total amount of outstanding loans by private lenders reached $14.3 billion at the end of June, down from $14.8 billion 6 months earlier.
Samsung Electronics Co. was chosen as the most desirable workplace by South Korean university students, accounting for 10.6% of the survey.
(source: The Korea Herald)
*Japan
SoftBank Group Corp faces headwinds as it attempts to secure $3billion from Japan's biggest 3 banks, largely due to lenders having reached internal lending limits to the company.
(source: JapanToday)
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(Korea) South Korea’s 211 major companies increased investment in R&D by around 11% throughout the year, spending about $33.7 billion as of the 3rd quarter, up 11.3% year-over-year.
E-mart, a giant South Korean retailer, is set to open its second No Brand store (its private brand selling low-priced items) in the Philippines.
(source: The Korea Herald)
*Japan
Japan is projected to accept applications for licenses to operate local 5G services in rural areas, encouraging regional business to utilize the service.
(source: JapanToday)
*China
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(Korea) The combined net profit of 56 local and foreign brokerages in South Korea reached $850.5 million in the 3rd quarter, slipped from $1.1 billion in the 2nd quarter.
The South Korean government is set to cut tariff rates on 77 products in 2020.
South Korea's service sector edged up 5.6% in sales last year from a year earlier, mainly due to strong sales at convenience stores and coffee shops.
(source: The Korea Herald)
*Japan
Japan Airlines(JAL) ranked highest in the passenger satisfaction section among carriers flying from North America to Asia in 2019, trailed by Delta Air Lines, Korean Air, and All Nippon Airways.
(source: Japantoday)
*China
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(Korea)The number of Korean homeowners with 10 or more houses reached 37,487 as of the end of 2018, up 2.1% year-on-year.
Line Corp. inked a formal merger with Yahoo Japan Corp.
Around 5.55 million Koreans invested in 2,216 listed firms on the domestic stock market in 2018.
(source: The Korea Herald)
*Japan
Amazon.com Inc. is estimated to have paid $274 million in corporate taxes in Japan over the last 2 years.
(source: Japantoday)
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(Korea) Shinhan Financial Group will introduce a $1.8 billion fund to support 2,000 startups and
10 unicorns in the next 3 years.
South Korea's semiconductor industry is expected to recover next year
South Korea's exports of information and communication technology products slipped for the 13th straight month in November. It amounted to $14.31 billion last month, 21.8% down year-on-year.
(source: The Korea Herald)
*Japan
Japan's department store sales fell 6% in November year-on-year, following the consumption tax hike in October.
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(Korea) Korean investors have spent around $16.5 billion in the overseas office building market this year. European properties account for 86% of the total volume.
South Korea's research and development spending ranked the fifth largest among OECD countries in 2018, spending over $73.3 billion, up 8.8% year-on-year.
Japan partially lifted curbs on its exports of it's chip material to South Korea.
(source: The Korea Herald)
*Japan
Rakuten Inc., a giant Japanese online retailer, is planning to launch a new free shipping service. The service will guarantee free shipping on orders of $36 or more, including tax.
(source: The Asahi Shimbun)
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I have worked in China for 10 years and I think western media are too easy on China
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