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South Korean graduates look to Japan to beat job shortage at home
Business

South Korean graduates look to Japan to beat job shortage at home

Last year, 2,257 young South Koreans took jobs in Japan, marking a 47 per cent jump from 2024 and making Japan their top work destination So in 2019 she launched a service to connect South Korean jobseekers with Japanese employers. “I was surprised that they couldn’t find a job because they were so smart,” the 35-year-old said in Seoul at a two-day job fair organised by KOREC, her start-up, last month. “Many could speak Japanese, ‌so I thought it might be better for them to go to Japan. I wanted to help.” South Korean youth face a chronic shortage of desirable entry-level jobs, as big name employers such as Samsung prefer to hire experienced workers and many older people remain in their jobs. In ageing Japan, meanwhile, companies are struggling to fill positions in large graduate schemes offering structured training to those taking the first step in their careers. In a sign of the growing demand – and despite average salaries now being slightly higher in South Korea than in Japan – South Korea’s Wanted Lab and Japan’s LAPRAS, both of which specialise in tech talent placement, this year launched similar services to KOREC, joining early mover Mynavi.

What Turkey’s upgrade to Asean dialogue partner status means
Business

What Turkey’s upgrade to Asean dialogue partner status means

Turkey’s ascension to Asean dialogue partner marks the west Asian country’s bid to position itself as a middle power, according to analysts. The upgrade on July 21 breaks an Association of Southeast Asian Nations moratorium in place since the UK’s admission in 2021. Turkey joins the US, China, Russia, Britain, Australia, Japan and South Korea. In a social media post on the same day, Turkish Foreign Minister Hakan Fidan said Ankara had increased its cooperation with Asean members and raised trade...

Will new batteries give China’s EVs the jolt they need to charge past their rivals?
Business

Will new batteries give China’s EVs the jolt they need to charge past their rivals?

On a cloudy evening in late April, a tech event hosted at Beijing’s National Convention Centre by Contemporary Amperex Technology Ltd (CATL) drew nearly 1,000 people eager for a glimpse of next-generation electric vehicle (EV) batteries that could reshape the global automotive landscape. Gao Huan, chief technology officer for the auto business at CATL, the world’s largest producer of EV batteries, exuded confidence while promoting the new Shenxing product series. According to the company, its...

Hong Kong to face brighter but hotter weather this week after days of heavy rain
Business

Hong Kong to face brighter but hotter weather this week after days of heavy rain

Forecaster issues second consecutive amber rainstorm warning on Monday, but says sunnier week ahead with temperatures of up to 33 degrees Hong Kong can expect sunnier but very hot weather later this week, the city’s forecaster has said, as residents woke to an amber rainstorm warning for the second consecutive morning. The Hong Kong Observatory on Monday issued the amber rainstorm warning signal at 6.40am, following a similar alert on Sunday morning that remained in place for more than six hours. The forecaster said heavy showers had brought more than 30mm (1.2 inches) of rainfall to many places, and even reached 50mm over Hong Kong Island. It warned that intense rainfall could lead to flash flooding in low-lying areas and those with poor drainage. A thunderstorm warning issued on Sunday evening was extended to 10.30am on Monday. “Under the persistent influence of a broad trough of low pressure, showers will still be heavy with squally thunderstorms over the coast of southern China today,” the Observatory said.

Playing musical instrument helps medical students perform surgical tasks better: study
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Playing musical instrument helps medical students perform surgical tasks better: study

HKU study of 203 final-year medical students shows those with musical experience completed surgical tasks 10 per cent faster and more skilfully Playing a musical instrument helps medical students perform surgical tasks 10 per cent faster and more skilfully, according to a new study by the University of Hong Kong (HKU). The results showed that students with musical experience completed surgical tasks in an average time of 223.5 seconds, compared with 249.3 seconds for those without, making them nearly 26 seconds faster. The experience of Sien Gurr, a sixth-year medical student at HKU who started learning the violin at the age of four and later picked up the guitar, aligned with the study’s results. “A lot of this precision in training as a child with finger placement, coordination and the stability that requires, I think that gave me an advantage when I started training these surgical techniques,” she said. The 24-year-old student added that her experience in music – both in training and performance – had given her the ability to manage stress well during surgery, make good decisions and perform at a high level.

How likely is Beijing to walk the talk on boosting consumption?
Business

How likely is Beijing to walk the talk on boosting consumption?

Chinese officials tend to report only good news and bury bad news for propaganda purposes and career advancement. That is why it came as a genuine surprise when, on July 22, Zhang Enhui, the party chief of Changchun, an industrial powerhouse known for its automobile sector and technological research, publicly broke with that tradition. He warned of “unprecedented difficulties and challenges” facing the city’s economy. The remark was apparently swiftly scrubbed from the city government’s website,...

Three strikes, DAP’s out? Loss in Malaysia’s Negeri Sembilan puts coalition on notice
Business

Three strikes, DAP’s out? Loss in Malaysia’s Negeri Sembilan puts coalition on notice

The Malaysian ruling coalition’s poor showing in the Negeri Sembilan poll on Saturday marks its third straight defeat in eight months – an embarrassing run that is forcing its largest party to confront the cost of governing with former rivals. Pakatan Harapan (PH) won 11 of the state’s 36 seats on Saturday, down from 17 in 2023, while Barisan Nasional (BN) secured 18 and its electoral partner, Perikatan Nasional (PN), took seven. The setback followed PH’s near-wipeout in Sabah last November,...

What is ‘bamboo-copter’, its links to China and Japan; how it inspired modern helicopters
Business

What is ‘bamboo-copter’, its links to China and Japan; how it inspired modern helicopters

Believed to date back to 500 BC, the gadget has mysterious origins, with its inventor remaining anonymous throughout history The bamboo-copter is one of the most famous gadgets from the pocket of Doraemon, an iconic robot cat from a Japanese cartoon series who employs futuristic devices to assist a clumsy boy, notably enabling the protagonists to fly. In fact, this gadget is inspired by a Chinese invention that dates back over a thousand years. The bamboo-copter was one of the earliest gadgets presented to the boy Nobita Nobi by the robotic cat character from the 22nd century. It made its first appearance in the manga in 1970. When the protagonists wear it on their heads, it spins and lifts them into the sky. It was believed to be one of the Doraemon gadgets most likely to become a reality, especially with the invention of devices such as jetpacks. However, the bamboo-copter had already inspired flight technology nearly a century ago.

2 fire service contractors linked to Tai Po tragedy still running, open to new contracts
Business

2 fire service contractors linked to Tai Po tragedy still running, open to new contracts

Lawmakers concerned about public safety and potential project abandonment as SCMP investigation reveals China Status and Victory Fire’s active status While enforcement actions against the two companies have yet to be completed eight months after the inferno, the Fire Services Department said it had recently concluded its investigation and would refer the cases to the disciplinary board for inquiry proceedings. But it stopped short of indicating a specific timeline. The evidential hearing into last November’s fire at Wang Fuk Court in Tai Po exposed alleged negligence and misconduct by fire service contractors China Status Development and Engineering, and Victory Fire Engineering. Officials who testified before the independent committee said that both firms had played a role in the deactivation of the estate’s fire alarm and hose reel systems. An SCMP reporter, posing as a potential client, contacted the two companies recently and a staff member from Victory Fire said the firm was operating normally and would accept new contracts for annual fire inspections and the replacement of fire service installations.

Global institutional investors eager to trade Chinese bond futures in Hong Kong, HKEX says
Business

Global institutional investors eager to trade Chinese bond futures in Hong Kong, HKEX says

With Chinese government bond futures set for Monday trading debut, exchange reports ‘very positive response’ from ‘wide range’ of investors “We have contacted a wide range of international institutional investors in recent months to introduce the 5-year China government bond futures, and have received a very positive response from them,” said Kevin Fan, HKEX’s head of fixed income and currency product development, in a media briefing on Thursday. He added that many of these international institutional investors had been actively trading in the Chinese onshore bond market, which had reached 200 trillion yuan as of June, making it the world’s second largest after the US. Foreign investors held 3.2 trillion yuan of onshore Chinese bonds at the end of March, accounting for 1.6 per cent of the total. The new futures will be the first offshore products allowing such investors to manage risks in their Chinese treasury-bond investments at a low cost, he said. At present, international investors need a quota under the Qualified Foreign Institutional Investor (QFII) programme to trade onshore bond futures.

Philippines eyes Ukraine’s drone know-how for South China Sea
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Philippines eyes Ukraine’s drone know-how for South China Sea

Manila likes the look of Kyiv’s low-cost drones, but adapting battlefield tech to grey-zone sea stand-offs won’t be easy Others are more cautious, urging the Philippines to first assess whether Ukraine’s battle-hardened drone tactics are even suitable for a murky maritime “grey zone” of surveillance and coastguard encounters. The diplomatic groundwork for the mooted “Drone Deal” framework was laid on July 24 when Ihor Zhovkva, deputy head of the Ukrainian president’s office, met a Philippine delegation led by Undersecretary of National Defence Salvador Mison on his first official visit to Kyiv. According to a statement from the Ukrainian president’s office, the two sides have agreed to begin work on a possible deal, deepening a defence relationship that has been building since Ukraine first floated a memorandum of understanding last year covering drone co-production, technology exchange and cybersecurity cooperation.

Eastern Washington fires have burned 600 structures and forced evacuation of 60,000 people
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Eastern Washington fires have burned 600 structures and forced evacuation of 60,000 people

Investigators had yet to determine how the blazes started and Washington Senator Maria Cantwell warned that the danger is not over Wildfires in eastern Washington state forced the evacuation of 60,000 people in the Spokane area while destroying at least 600 homes, businesses and other structures, authorities said on Sunday. The fires in and around Spokane, the state’s second largest city, burned about 21 sq km (8.2 square miles) over the weekend and were among dozens of wildfires across the western US that stretched the ability of federal, state and local agencies to fight them. A total of about 1,000 sq km has burned across the state and some of the fires, including those in the Spokane area, have not been contained. Fire officials and police said there had been no reports of injuries or people unaccounted for – but they stressed it was early in the response effort. Officials also said the evacuees in Spokane included patients at its US Veterans Affairs hospital.