AJU PRESS - ASIA NEWS HUB

Hanwha's MASGA mission: one regulatory win but hurdles remain SEOUL, April 28 (AJP) - Hanwha Ocean, the South Korean caretaker of the “MASGA” (Make American Shipbuilding Great Again) initiative, is doubling down on its U.S. push after securing a key shipbuilding certification for its Philadelphia yard but faces a regulatory marathon in the United States. The company is accelerating efforts to develop the Philadelphia Shipyard — acquired at
Minsky moment looming for Korea's financial sector SEOUL, April 28 (AJP) — Loose liquidity binges tend to end in a Minsky moment — the payback for easy gains. For South Korea’s financial sector, that moment may be inching closer, as a domestic slowdown, supply-side inflation and accumulated leverage begin to converge. Delinquency rates are rising with unusual speed. The country’s five largest commercial banks reported an average delinq
Netflix wins tax battle in Seoul to pay little despite massive revenue in Korea SEOUL, April 28 (AJP) - A South Korean court ruled in favor of Netflix, ordering tax authorities to refund most of the roughly 80 billion won ($58 million) it had imposed on the global streaming giant, in a decision that underscores the limits of taxing cross-border digital services. The Seoul Administrative Court sided with Netflix Services Korea in a lawsuit filed in November 2023 seeking to cancel 76.2 billio