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BUSINESS

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Brian Kim (center), founder of Kakao, arrives at the Seoul Southern District Court in Seoul on Monday.

BUSINESS / Companies

Jul 23, 2024

Arrest warrant out for Kakao founder in stock-rigging case

By Yoolim Lee, Sohee Kim and Eunkyung Seo

Brian Kim is facing accusations that he was involved in a stock-rigging scheme during the high-profile takeover of SM Entertainment in 2023.

Yokohama Rubber has agreed to acquire Goodyear Tire & Rubber’s off-the-road tire business as part of its global expansion plan.

BUSINESS / Companies

Jul 22, 2024

Yokohama to buy Goodyear’s off-road tire business for $905 million

By Manuel Baigorri, Taro Fuse and David Carnevali

The off-the-road business will be a future growth driver, Yokohama Rubber said in a statement about the acquisition.

A Maruti Suzuki India showroom in New Delhi. Suzuki hopes to grab 50% share of the Indian market by 2030, targeting 15% of its sales in India to be electric vehicles by that time.

BUSINESS / Companies

Jul 22, 2024

Suzuki sees India’s automobile market growing fivefold by 2047

By Supriya Singh and Tsuyoshi Inajima

Promising growth in the electric vehicles segment is putting the South Asian country's car market on track to reach 20 million units by 2047.

Some 20% of Japanese companies have stropped creating medium-term management plans to respond more flexibly to changes in the business environment and achieve long-term goals, a recent survey has found.

BUSINESS / Companies

Jul 21, 2024

20% of Japan firms have no medium-term plans, poll finds

A survey found that about 10% of companies with medium-term plans are considering changing the duration of their plans or making other reviews.

Former U.S. Secretary of State Mike Pompeo speaks during the last day of the 2024 Republican National Convention on Thursday in Milwaukee, Wisconsin.

BUSINESS / Companies

Jul 20, 2024

Nippon Steel hires Mike Pompeo to help clinch purchase of U.S. Steel

By Josh Wingrove and Jennifer Jacobs

Pompeo, who served as the U.S.’ top diplomat under Donald Trump, will be an adviser to the Japanese company for its $14.1 billion purchase.

Mitsubishi UFJ Financial Group CEO Hironori Kamezawa (center) and other executives bow during a news conference in Tokyo on Friday.

BUSINESS / Companies

Jul 19, 2024

MUFG heads to take pay cut after information firewall breach

By Taiga Uranaka and Takashi Nakamichi

21 MUFG officials, including some retired executives, will give up part of their pay after the bank was penalized for the unauthorized sharing of client information.

U.S. pressure to slow Beijing’s advances in making semiconductors led the Netherlands to ban exports to China of ASML’s second-most advanced category of machinery at the start of the year. But ASML continues to service machines that were bought before the restrictions were in place.

BUSINESS / Companies

Jul 18, 2024

ASML falls as outlook clouded by risk of U.S. export curbs

By Cagan Koc

ASML shares plunged 11% in Amsterdam on Wednesday to €870.90 ($952), wiping out €42.7 billion of market value — its biggest decline since March 2020.

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.

Kabukicho: Tokyo’s ‘stadium of desire’

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.

As climate extremes intensify, Japan embraces ancient weather rituals

By Alex K.T. Martin

SUSTAINABLE JAPAN

Exploring Japanese culturevia Tohoku’s festivals

Exploring Japanese culturevia Tohoku’s festivals

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