Asia News on Jan. 4, 2020

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Jan. 1, 2020, East Asia business news

(Korea)The South Korean government is projected to pump $4.49 billion into various science and information and communication technology research projects in 2020.

South Korea's public investment in future industrial materials and nanotech is expected to surge 136% to $201.2 million in 2020, compared to a year earlier.

(source: The Korea Herald)

*Japan

A trade deal between Japan and the U.S. will come into effect on Wednesday. Following the deal, Japan is set to cut its tariff on U.S beef to 26.6% while the U.S. is to lower tariffs on Japanese industrial products.

(source: JapanToday)

*China

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5 days ago

Dec. 31, 2019-January 1, 2020, East Asia business news

Business

(China)Tesla's first batch of vehicles produced by the overseas plant in Shanghai was delivered to Chinese customers.

Chinese takeout industry's annual turnover is expected to top $86 billion in 2019

(source: Xinhua News Agency)

*Korea

South Korea's combined sales of duty-free shops stood at $1.98 billion in November, hitting a record high.

Samsung Group's bedridden Chairman Lee Kun-hee retains the top spot as the wealthiest businessman in South Korea with his $15.2 billion of stock assets.

(source: The Korea Herald)

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6 days ago

China Jails "Gene-Edited Babies" Scientist

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Video: Why International Rock Stars Are Flocking to India

bbc.co.uk/news/w...

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u/PrinceDakkar

6 days ago

For China's Pickup Artists, Sex Is the Goal and Urging Suicide Is a Tactic

nytimes.com/2019/1...

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u/PrinceDakkar

6 days ago

"Ghost Boat" with Human Remains Washes up in Japan

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u/dylanyang0930

7 days ago

Dec. 30, 2019, East Asia business news

Business

(Japan) Japan Display Inc. is mulling the sale of its main smartphone screen factory to Apple Inc. and Sharp Corp. for approximately between $730 million and $820 million.

(source: JapanToday)

*Korea

Fried chicken chains racked up $146,000 on average throughout 2018, the lowest among 12 types of franchises.

The South Korean government is projected to pump $65.6 million into its artificial intelligence hub program in 2020, more than doubled from $26.8 million spent in 2019.

Hyundai Motor Co. and Kia Motors Corp.'s SUV sales in Europe are expected to exceed 500,000 units in 2019, hitting a record high.

(source: The Korea Herald)

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