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Asia News on Jan. 12, 2020
Sunday, January 12, 2020
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(South Korea) South Korea's National Assembly passed the amendment of three bills related to the promotion of information and communication networks, personal information and credit information protection, allowing information of customers to be used in financial and research areas without consent.
South Korea's outstanding amount of bonds and debts issued by public institutions inched up 5.3% to $879.7 billion from a year earlier.
(source: The Korea Herald)
*Japan
Fast Retailing Co., parent company of UNIQLO, lowered its full-year outlook, on the back of weak sales following Hong Kong's unrest and South Korea's boycott of Japanese products.
(source: JapanToday)
*China
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What is the best country to visit in Asia? Apart from Singapore, Malaysia, HK, and Taiwan as I have been to those already.
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(Japan) Japanese automotive parts company Takata is recalling 10 million more front airbag inflators, totalling around 56 million units.
(source: JapanToday)
*South Korea
The South Korean stock market saw only one listed firm join it's 1 trillion won ($849 million) market capitalization club in 2019, reflecting the overall weak performance.
(Source: The Korea Herald)
*China
Foreign companies in China with net assets of $42.8 billion are set to be eligible to obtain oil and gas mining rights.
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