Leading car hailing services apply for legal status from Chinese authorities. The US has identified Chinese companies that it feels profited from Chinese military hack of US corporate data. Inward FDI in Korea is heavily concentrated around Seoul, though the trend is not as strong as in past years. Korea is considering imposing “Google tax” on mobile and electronic device app and content purchases. Volkswagen Korea will issue written apology for software that provided deceptive vehicle emissions data. Hansae plans to build a large plant in Haiti to jump US tariff walls. Indonesia grapples with Japan’s displeasure with its awarding of a medium-speed speed rail project to China. Malaysia expresses confidence that state-linked firms are capable of dealing with the challenges of TPP related competition. Singapore pressures retailers not to do procure from or sell the products of firms associated with massive fires in Indonesia that are polluting Singapore. Taiwan’s Environmental Protection Agency will take measures against Volkswagen for its scheme to circumvent environmental regulations.
