40% of Japanese, South Korean firms plan more collaboration with each other
TOKYO -- Nearly 40% of Japanese and South Korean companies plan to step up collaboration with their cross-border counterparts, a new survey shows, as the countries' corporate sectors scramble to cope with U.S. President Donald Trump's sweeping tariffs.
Nikkei and South Korea's Maeil Business Newspaper surveyed corporate chiefs at major Japanese and South Korean enterprises, drawing responses from 181 companies.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Japan Today
3 hours ago
- Japan Today
Trump extends deadline for TikTok sale by 90 days
TikTok faces a ban in the United States unless it finds a new non-Chinese owner President Donald Trump announced Thursday he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. "I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025)," Trump posted on his Truth Social platform, putting off the ban for the third time. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's January inauguration. The Republican, whose 2024 election campaign relied heavily on social media, has previously said he is fond of the video-sharing app. "I have a little warm spot in my heart for TikTok," Trump said in an NBC News interview in early May. "If it needs an extension, I would be willing to give it an extension." TikTok on Thursday welcomed Trump's decision. "We are grateful for President Trump's leadership and support in ensuring that TikTok continues to be available for more than 170 million American users," said a statement issued by the platform. Trump said in May that a group of purchasers was ready to pay TikTok owner ByteDance "a lot of money" for the video-clip-sharing sensation's U.S. operations. Trump has repeatedly downplayed risks that TikTok is in danger, saying he remains confident of finding a buyer for the app's U.S. business. The White House had announced Monday that Trump would throw the wildly popular video-sharing app, which has almost two billion global users, another lifeline. During this new grace period the administration will work "to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure," the administration said in a statement. The president is "just not motivated to do anything about TikTok," said independent analyst Rob Enderle. "Unless they get on his bad side, TikTok is probably going to be in pretty good shape." Trump had long supported a ban or divestment, but reversed his position and vowed to defend the platform after coming to believe it helped him win young voters' support in the November election. Motivated by national security fears and a belief in Washington that TikTok is controlled by the Chinese government, the ban took effect on January 19, one day before Trump's inauguration, with ByteDance having made no attempt to find a suitor. TikTok "has become a symbol of the US-China tech rivalry; a flashpoint in the new Cold War for digital control," said Shweta Singh, an assistant professor of information systems at Warwick Business School in Britain. The president announced an initial 75-day delay of the ban upon taking office. A second extension pushed the deadline to June 19. Now the deadline is September 17. Trump said in April that China would have agreed to a deal on the sale of TikTok if it were not for a dispute over his tariffs on Beijing. ByteDance has confirmed talks with the U.S. government, saying key matters needed to be resolved and that any deal would be "subject to approval under Chinese law." Possible solutions reportedly include seeing existing U.S. investors in ByteDance roll over their stakes into a new independent global TikTok company. Additional U.S. investors, including Oracle and private equity firm Blackstone, would be brought on to reduce ByteDance's share in the new TikTok. Much of TikTok's U.S. activity is already housed on Oracle servers, and the company's chairman, Larry Ellison, is a longtime Trump ally. Uncertainty remains, particularly over what would happen to TikTok's valuable algorithm. "TikTok without its algorithm is like Harry Potter without his wand -- it's simply not as powerful," said Forrester Principal Analyst Kelsey Chickering. Despite the turmoil, TikTok has been continuing with business as usual. The platform on Monday introduced a new "Symphony" suite of generative artificial intelligence tools for advertisers to turn words or photos into video snippets for the platform. © 2025 AFP
Nikkei Asia
4 hours ago
- Nikkei Asia
India chases Trump tariff deal in wake of UK trade accord
NEW DELHI -- On July 9, U.S. President Donald Trump's sweeping global trade tariffs are set to kick in, potentially upending economies and businesses around the world. Like its international peers and rivals, India is scrambling to cut a deal to avoid punitive extra costs in shipping goods to its biggest export destination -- a 26% levy. Unlike most others, New Delhi at least has a fresh blueprint demonstrating what it must do to get trade pacts over the line, taking some tough decisions along the way: Its free trade agreement (FTA) with the U.K., announced last month.
Yomiuri Shimbun
4 hours ago
- Yomiuri Shimbun
Ishiba Strives to Bridge Divide Between U.S., Europe; Takes Neutral Stance to Avoid Impact on Tariff Negotiations
Masamine Kawaguchi / The Yomiuri Shimbun Prime Minister Shigeru Ishiba holds a press conference for Japanese and foreign media in Calgary on Tuesday. BANFF, Canada — Throughout the latest Group of Seven meeting, Prime Minister Shigeru Ishiba was trying to act as a bridge between Europe and the United States, offering support to U.S. President Donald Trump in order to avoid negative repercussions on Japan-U.S. tariff negotiations. Ishiba concluded his first G7 summit meeting in Canada and returned to Japan on a government-owned aircraft on Wednesday. 'The G7 has worked together despite differences in national positions, and its value is evident,' Ishiba said at a press conference with domestic and foreign reporters after the summit. According to government officials, several European countries expressed concerns about the United States' 'America First' policy during first-day discussions on international affairs and the economy, which Trump attended. However, Ishiba refrained from criticizing the United States and limited his comments to general issues, such as emphasizing the importance of free trade in relation to tariff issues. Regarding the conflict between Israel and Iran, Ishiba showed consideration for the pro-Israel United States and said that Iran's nuclear weapon development was behind the conflict. 'The division between the United States and Europe is deep-rooted,' Ishiba reportedly told those in his group. 'That's precisely why it's important to send a message to make Trump feel that 'Japan understands me.'' Avoiding rifts among G7 members is a top-priority for Japan, which as its only Asian member is pushing for its involvement in the Indo-Pacific region to be increased. During the discussions, Ishiba explained to his fellow G7 leaders the moves China is making in stepping up its hegemonic actions and about how North Korea is pushing ahead with its nuclear and missile development and called for a united response on the issues. Ishiba met with the current leaders of Germany and Canada for the first time and focused on building personal relationships with them, agreeing to strengthen security cooperation. In talks with some of the countries present, they are said to have agreed not to allow the United States to become isolated. Ishiba is scheduled to attend the North Atlantic Treaty Organization summit in the Netherlands on Tuesday and Wednesday and is expected to stay in the tough position between the United States and Europe.
