Reuters Asia Business

BEIJING (Reuters) – China has finished building a national and unified system for real estate registration, the official Xinhua news agency reported on Tuesday, in a landmark move that will boost transparency in ownership. In 2014, China issued rules requiring real estate owners to register their holdings with authorities but faced heavy resistance from local …

China completes landmark national real estate registration system Read More »

By Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korea’s Hyundai Motor Co said on Tuesday it had finalised a $5 billion electric vehicle (EV) battery joint venture in the U.S., boosting electrification efforts in its largest market. Hyundai also reported its first-quarter net profit had more than doubled, exceeding expectations. Its shares rose as …

Hyundai Motor bolsters US presence with $5 billion EV battery venture Read More »

By Hyunsu Yim (Reuters) -Netflix Inc said on Tuesday it will invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies and unscripted shows, doubling its investment in the market since 2016. The U.S. streaming service made the announcement after a meeting between South Korean President Yoon Suk …

Netflix to invest $2.5 billion in South Korea to make TV shows, movies Read More »

SEOUL (Reuters) – South Korean automaker Hyundai Motor and sister firm Kia Corp said on Tuesday they plan to invest a combined 1.05 trillion won ($787.05 million) to acquire shares in autonomous mobility firm 42dot Inc. The automakers said in regulatory filings that the investment was to maintain its control of 42dot Inc as well …

Hyundai Motor, Kia to invest $787 million in autonomous mobility firm 42dot Inc Read More »

By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand’s finance ministry has lowered its 2023 economic growth outlook to 3.6% from 3.8% projected earlier, on expectations of a fall in exports as global demand weakens, officials said on Tuesday. Exports, a key driver of Thai growth, are expected to drop 0.5% this year, compared with …

Thailand cuts GDP growth outlook as exports weaken Read More »

(Reuters) – China Evergrande Group said on Monday its division New Energy Vehicle Group will sell two of its businesses to another unit of the group, as the embattled property developer attempts to restructure its organisation. New Energy Vehicle Group will record a gain of about 24.79 billion yuan ($3.60 billion) following the sale of …

China Evergrande unit to sell two businesses as part of restructuring Read More »