US aircraft carrier arrives in South Korea for joint drills

BUSAN, South Korea (AP) — The nuclear-powered aircraft carrier USS Ronald Reagan arrived in the South Korean port of Busan on Friday ahead of the two countries’ joint military exercise that aims to show their strength against growing North Korean threats. The joint drills will be the first involving a US aircraft carrier in the … Read more

Semiconductor alliances between the US and Asia could hold back China

Leading chipmaking nations including the US are forming alliances, in part to secure their semiconductor supply chain and to stop China from reaching the cutting-edge of the industry, analysts told CNBC. Places including the United States, South Korea, Japan and Taiwan, which have strong semiconductor industries, have looked to forge partnerships around the critical technology. … Read more

Why Are We Ignoring the Disturbing Allegations Against ‘Squid Game’ Star Lee Jung-jae?

Lee Jung-jae took home Outstanding Lead Actor in a Drama Series at Monday night’s Emmys for his role in Netflix’s global smash Squid Gamebesting the likes of Better Call Saul‘s Bob Odenkirk and Succession‘s Jeremy Strong and Brian Cox. In the process, he made history as the first Asian man to win the Lead Actor … Read more

EXPLAINER: What help are North Korean weapons to Russia?

SEOUL, South Korea (AP) — North Korea is apparently moving to sell millions of rockets and artillery shells — many of them likely from its old stock — to its Cold War ally Russia. Russia has called a US intelligence report on the purchasing plan “fake.” But US officials say it shows Russia’s desperation with … Read more

N. Korea may send workers to Russian-occupied eastern Ukraine

SEOUL, South Korea (AP) — As the war in Ukraine stretches into its seventh month, North Korea is hinting at its interest in sending construction workers to help rebuild Russian-occupied territories in the country’s east. The idea is openly endorsed by senior Russian officials and diplomats, who foresee a cheap and hard-working workforce that could … Read more

Asia-Pacific markets mixed as BHP, Chinese real estate shares soared against weak Japanese trade

Fitch ratings downgrades Country Garden Fitch ratings has downgraded Chinese homebuilder Country Garden Holdings’ Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs), senior unsecured ratings and the rating on the outstanding bonds to ‘BB+’ from ‘BBB-‘. “The downgrade reflects a weakening in Country Garden’s financial flexibility due to challenges in China’s property sector,” Fitch said … Read more

South Korea, India, Japan economic data

More growth policies seen as needed for China’s economy despite rate cuts China still needs more growth policies to stabilize its economy after the central bank moved unexpectedly to cut its key interest rates, the Chinese central-bank backed Financial News said on Tuesday. The People’s Bank of China lowered the rate on its 1-year policy … Read more

What to Make of Kim Yo Jong’s Twisted COVID ‘Revenge’ Threat Against South Korea

SEOUL—North Korean leader Kim Jong Un’s kid sister Kim Yo Jong is brandishing the threat of germ warfare in retaliation for balloon launches from South Korea that she blames for spreading COVID-19 in the North. Kim Yo Jong, in a speech carried on North Korean state TV, said, after having considered “various counteraction plans, our … Read more

Indian travelers more confident than Japanese, Aussies

For the most part, residents of Asia-Pacific can travel again. But some are more confident about packing their bags than others. Travel confidence is “diverse and nuanced” in the region, according to a new survey commissioned by the travel website Booking.com. Some 11,000 people in the region were polled about their comfort levels and concerns, … Read more

North Korea claims disputed victory over virus, blames Seoul

SEOUL, South Korea (AP) — In a striking speech before thousands of North Koreans, leader Kim Jong Un’s sister said he suffered a fever while guiding the country to victory over the coronavirus. She blamed rival South Korea for the outbreak and vowed “deadly” retaliation. Kim Yo Jong, a powerful official in charge of inter-Korean … Read more