Tag: Seoul (South Korea)

Samsung and SK Hynix Get U.S. Waivers From Export Curbs

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The South Korean government said on Monday that the country’s semiconductor manufacturers have secured waivers from U.S. government rules that threatened to limit their businesses in China. At issue is the continuation of licenses granted last year by the U.S. Commerce Department to Samsung and SK Hynix, the two dominant South Korean chip makers. The licenses effectively suspended 2022 controls on exports of semiconductors and chip making equipment to China. South Korea, an ally in America’s chip war with China, relies heavily on its semiconductor sector for jobs and revenue.…

Seafood Is Safe After Fukushima Discharge, But Some Won’t Eat It

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Seafood is having a bad week in East Asia, which is bad news for a region where it’s a major part of the diet. Experts say Japan’s discharge into the ocean of treated radioactive wastewater from the ruined Fukushima nuclear power plant, which began on Thursday, does not and will not pose health risks to people who eat seafood. But even though the scientific evidence bears that out, not everyone is convinced. On Thursday, the Chinese government widened a ban on seafood imports to include all of Japan instead of…

Businesses Brace for Currency Chaos in Asia

Chin@Strategy

Tigun Wibisana and Sandra Kok, who own the SiTigun cafe on Penang Island in Malaysia, are facing an excruciating decision that could make or break their business of 14 years: Can they increase prices to cover rising expenses without driving customers into the arms of their bigger rivals? The cost of the coffee beans that the couple, who are married, buy is spiraling because they are traded globally in U.S. dollars, and the Malaysian ringgit has fallen to a 24-year low. Compound that with an inflationary spike in prices for…

Carlos Tejada, Deputy Asia Editor for The New York Times, Dies at 49

Chin@Strategy

“Carlos always pushed me and other journalists to do more stories that showed the human side of China,” Ms. Yuan wrote. “He wanted the world to understand China wasn’t just about an authoritarian government.” Carlos Ramon Tejada was born on Dec. 7, 1972, in Rochester, N.H. His mother, Carlene (Richardson) Tejada, taught English as a second language and is a former magazine editor; his father, Juan, who is from El Salvador, owns an acupuncture clinic in Tucson, Ariz. Mr. Tejada graduated from the University of Kansas with a bachelor’s degree…