Economy - Asia

Forty Companies, Two Targets, One Message: Beijing Is Done Waiting

China blacklists 40 Japanese firms over Taiwan as Trump's 15% tariff takes effect. Section 301 probes and a suspended rare earth truce raise the stakes.

China’s Semiconductor Output Surges 85% to Record 484 Billion Units

China produced a record 484.3 billion semiconductor units in 2024 — an 85% surge from 2020. Surging output masks collapsing foundry profits, a secret EUV prototype in Shenzhen, and a $47.5 billion state fund betting on self-sufficiency.

Canada Turns to Asia as Trump Tariffs Crush Detroit Auto Jobs

Detroit Three make just 23% of Canada's cars, down from 56%. Ottawa courts BYD and Chery, cuts Chinese EV tariffs to 6.1% as Detroit retreats.

Musk Targets South Korea’s Chip Talent in Rare Direct Appeal

Musk personally recruits Samsung chip engineers on X months after signing a $16.5B Tesla deal, alarming Seoul over its 70% memory market dominance.

Singapore Exports Surge 9.3% on AI Chip Demand

Singapore's exports grew 9.3% in January 2026, driven by 56.1% surge in electronics amid strong AI-related demand

Seoul Telecom Wars: SK Gains 340,000 Customers After KT Data Breach

SK Telecom gained 342,000 customers in January as rival KT waived termination fees following data breach, reshaping Korea's telecom market

Malaysia Bans E-Waste Imports in Southeast Asian Trade Crackdown

Malaysia imposes immediate ban on electronic waste imports, declaring it won't be a 'dumping ground' for toxic scrap

Korean Dermatology Clinics See 132% Surge in Chinese Medical Tourists

Chinese medical tourists flood Korean dermatology clinics for 40% cost savings, driving 132% surge in cross-border treatments despite weak domestic spending

South Korea Commits $317 Million to Autonomous Driving Technology

South Korea allocates $317.6 million for autonomous driving tech while Hong Kong establishes new working group, highlighting Asia Pacific's push into self-driving vehicles.

Philippines Defends Second Place in Global IT Outsourcing Market

Philippines maintains second place in global IT outsourcing but faces intensifying competition from Vietnam and Malaysia in Asia Pacific's booming tech sector.

South Korea’s Top Court Forces Samsung to Include Bonuses in Severance Pay

South Korea's Supreme Court rules Samsung must include performance bonuses in severance pay calculations, potentially affecting Asia Pacific employment practices.