South Korea's IPO passion fuels warnings of naivete and bubbles
SEOUL -- A South Korean retail investor bought 20 shares of SK IE Technology at the company's initial public offering price of 105,000 won per share in late April, then sold half of them on the first trading day to score an 85.7% windfall.
But that wasn't enough.
"I know it's enormous, but it's less than I expected," the punter wrote dejectedly in a blog post using the pen name "Sesame Noodle

Top Indian IT companies struggle to retain staff as demand grows
MUMBAI -- India's software service exporters have done well throughout the COVID-19 pandemic as companies the world over rushed to upgrade technology. But as demand for IT professionals rises, tech giants such as Infosys and Wipro are facing higher staff attrition.
Bengaluru-based Arka Bagchi, who works for a top IT company, is moving to a smaller outfit where he has been offered a higher salary. After he tendered his resignation, the bigger company offered him an overseas position, which he rejected.
"They
Japan lashes out against alleged Chinese military cyberattacks
TOKYO -- Usually a mundane affair, the weekly news conference by the National Public Safety Commission caused a stir recently among the global cybersecurity community after police chief Mitsuhiro Matsumoto officially identified China as responsible for a cyberattack on Japan.
Since then the National Police Agency has been deluged with inquiries from foreign governments and media organizations about the claim.
Two days before the April 22 news conference, the Tokyo Metropolitan Police Department filed a case against a Chinese systems engineer, who is also a member of the Chinese Communist Party, for

Japan's Sharp reaps fruits of Apple ties in LCD business
OSAKA -- Japanese electronics maker Sharp has been reaping big gains from its strengthened ties with U.S. tech giant Apple, the key client of its liquid-crystal display panels.
Sharp's group net profit rose 290% to 53.2 billion yen ($487 million) in the 12 months to end-March, from a year ago. That growth is expected to continue, with the company forecasting a 43% expansion in net profit to 76 billion yen

Israel destroys Gaza tower housing AP and Al Jazeera offices
GAZA (Reuters) -- Israel destroyed a 12-storey tower block in Gaza housing the offices of the U.S.-based Associated Press and other news media on Saturday, saying the building was also used by the Islamist militant group Hamas.
The al-Jalaa building in Gaza City, which also houses the offices of Qatar-based broadcaster Al Jazeera as well as other offices and apartments, had been evacuated after the owner received advanced warning of the strike.
A Palestinian journalist was wounded in the strike
South Korean internet giants battle for top spot in web comics
SEOUL -- Kakao and Naver, South Korea's two internet titans, are competing for the top spot in the global market for web comics.
Naver will acquire a web comic company in Canada, and Kakao will buy two in the U.S. The driving force behind their growth is the webtoon format of comics in vertical strips optimized for smartphones. South Korean companies are gaining momentum in the entertainment market, such as music and movies, and are becoming a particularly potent force in web comics.
"We will
How an Australian arts festival shined through COVID-19
CASTLEMAINE, Australia -- When Australian arts enthusiasts start thinking about which events they will attend over the coming 12 months, it's the big ones such as the Melbourne Arts Festival, Sydney Arts Festival, and the Adelaide Fringe Festival that usually get all the attention.
But in these COVID-ravaged times that have brought arts festivals around the world to a standstill, it was the former gold mining town of Castlemaine 120 km northwest of Melbourne that managed to successfully stage the first major arts Australian arts event

China and the US dash toward another MAD arms race
Minxin Pei is professor of government at Claremont McKenna College and a nonresident senior fellow of the German Marshall Fund of the United States.
The foundations of strategic stability in East Asia are crumbling. As the U.S. and China intensify their competition in trade, technology and security, the factors that have previously underpinned regional strategic stability -- and made possible the region's economic success -- have either been eroded significantly or become key drivers of instability.
Strategic stability, marked principally by cooperative relations among major powers,
The ever-finer line between cyberwar and shooting wars
TOKYO -- The ransomware attack that briefly shut down a major U.S. pipeline underscores the reality that what happens in cyberspace no longer necessarily stays there.
And as geopolitical tensions mount and countries focus more attention on cyber operations, the risk of an electronic attack escalating into real-world conflict -- and questions about connections to international law -- cannot be ignored.
Hackers generally try to cover their tracks by going through intermediate systems and planting malware on target systems. But certain countries, such as the U.
Japan cautiously explores possibility of US returning to TPP
TOKYO -- When Japanese Prime Minister Yoshihide Suga met with U.S. President Joe Biden at the White House in April, there was one topic he wished to broach even though it would be in vain, the possibility of the U.S. returning to the Trans-Pacific Partnership.
Suga intended to sound out Washington's stance on the issue by saying Japan wants the U.S. to rejoin the trade accord sooner or later.
The U.S. seems to remain affected by skepticism spread about