Where do South Korea’s most powerful conglomerate families live?
Nearly 94 percent of chaebol family members — 409 out of 436 individuals surveyed — reside in Seoul, reflecting how economic influence is clustered in a limited number of…
Corporate Buzz
Japanese companies prepare for Taiwan contingency
Companies that operate telecommunication infrastructure in Okinawa Prefecture’s Sakishima Islands, located east of Taiwan, have begun tabletop drills to prepare to respond to…
Singapore, China roll out digital renminbi pilot for tourists
Digital renminbi payments can be made in China without internet, as long as users have phones equipped with near-field communication technology. China is one of the top…
Indonesia threatens sanctions for tech firms in upcoming social media ban
The Communications and Digital Ministry is preparing a ministerial regulation that would stipulate detailed provisions on punishments for tech companies found violating a…
CEO of South Korean e-commerce platform resigns over massive data breach
The CEO of Coupang stepped down after a major data breach that compromised personal data of millions of users — prompting a crisis of trust and internal shake-up at the company.
South Korean e-commerce giant Coupang’s ownership structure under scrutiny as US class action advances
Despite the US Securities and Exchange Commission requiring public companies to file a report within four business days of determining a significant cyber incident, Coupang had…
Microsoft announces $17.5 billion investment in India, its ‘largest ever’ in Asia
Several global corporations have announced large investments this year in the South Asian nation, which is projected to have more than 900 million internet users by year’s end.
Japan’s steelmakers turn to hydrogen in decarbonisation efforts, but high costs hinder progress
As market conditions worsen due to shrinking domestic demand and overproduction in China, there have been moves to reconsider decarbonisation investments.
Japan recalls much-loved Pocky, other Glico chocolate products over smell
The company said eating the products poses no health risks.
From IndiGo to IndiGone? India’s largest carrier faces government and passenger wrath
From being an airline once admired for its efficiency and rare ability to notch up profits in an industry that has seen several of its competitors go bust, IndiGo has become the…