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ASIANOMICS

9 Oct, 17:34

🇨🇳🇰🇷 China envoy meets DPK leader

Chinese Ambassador to South Korea Dai Bing met ruling Democratic Party leader Kim Min-seok at the South Korean National Assembly on Oct. 8, with Beijing saying both sides should deepen cooperation and remove disruptions ahead of the 35th anniversary of diplomatic ties next year, according to a report by Lianhe Zaobao. Dai also said China welcomes President Lee Jae-myung to attend the APEC meeting in Shenzhen.

The meeting comes after Chinese and South Korean leaders exchanged visits around late 2025 and early 2026, which Beijing said helped return bilateral ties to a more stable track. South Korea's Yonhap said the two sides also discussed investment cooperation in the Saemangeum industrial zone and expanding youth exchanges; Seoul and Beijing had already explored Saemangeum as a Korea-China industrial cooperation project, signed an MoU in January, and China later sent an investment inspection team.

Kim, who visited China in June as prime minister before becoming party leader in August, now holds a key role in the ruling party ahead of the 2028 parliamentary election. His position gives him influence over nominations and the domestic political handling of ties with China.

#China #SouthKorea

@asianomics

中国驻韩大使会见韩国执政党共同民主党党首金民锡

中国驻韩国大使戴兵在会见执政党共同民主党党首金民锡时说，明年是中韩建交35周年，希望双方深化友好合作、排除干扰因素，推动两国关系迈上新台阶。

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ASIANOMICS

9 Oct, 16:30

🇨🇳🇺🇸 China Weighs Yuan Funding Advantage

A researcher at the Chinese Academy of Social Sciences said Beijing could use the widening US-China yield gap to strengthen the yuan’s financing, hedging and asset-absorption systems. On 9 October, the 10-year US Treasury yield stood at 5.22%, versus 1.69% for Chinese government bonds, leaving a gap of about 3.5 percentage points.

The argument is that higher US yields reduce the appeal of yuan assets and increase exchange-rate and capital-flow pressure, while also raising dollar funding costs and making yuan financing more attractive. Yuan bond fundraising onshore and offshore reportedly exceeded 1 trillion yuan by early September, but the yuan still accounted for only 2.11% of global official reserves in Q2, against 56.70% for the US dollar, highlighting limits in China’s capacity to absorb and retain global capital.

The researcher warned that a wider gap could fuel carry trades and sustained selling pressure on the currency, even as the yuan has remained near 6.7 per dollar. He called for tighter links between yuan borrowing and real trade and investment, while Hong Kong expands offshore hedging and liquidity tools.

#China #US

@asianomics

Can China use a widening US yield gap to build on the yuan’s global role?

Beijing could leverage the yuan’s low interest rate to increase the currency’s worldwide use, an expert says.

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ASIANOMICS

9 Oct, 15:34

🇭🇰🇨🇳 Huanggang Port opens with joint clearance

More than 160,000 Hong Kong residents registered for the new “joint clearance” channel before the revamped Huanggang Port opens on Monday, with Hong Kong and Shenzhen authorities confirming the launch at 6.30am on October 12. Hong Kong Secretary for Security Chris Tang said extra manpower would be deployed, the Emergency Monitoring and Support Centre activated, and a joint command centre established with Shenzhen.

The new crossing will replace the current Lok Ma Chau-Huanggang port as the sole 24-hour clearance point between Hong Kong and Shenzhen. The checkpoint uses a joint inspection system, a first for border crossings, while the delayed 6.30am start was set to accommodate vehicle permit rules at the new facility.

Hong Kong’s Financial Services and the Treasury Bureau also said 45 insurers had agreed to extend compulsory motor and employees’ compensation coverage to the Hong Kong port area without extra cost. An opening ceremony is scheduled for Sunday.

#HongKong #China

@asianomics

Over 160,000 Hongkongers register for ‘joint clearance’ at Huanggang Port

Security chief says extra manpower will be deployed and high-level command centres activated, including joint operations with Shenzhen authorities.

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ASIANOMICS

9 Oct, 14:30

🇵🇭 Pogo Networks Persist in Philippines

Philippine authorities raided alleged scam hubs in Makati City and Zamboanga Sibugay, arresting more than 360 foreigners, mostly Chinese nationals, despite the 2024 ban on offshore gaming operators. The operations targeted call centre-style facilities tied to illegal online activity, blackmail schemes, visa violations and undocumented entry, with the Bureau of Immigration describing one operation as the largest Pogo bust.

The raids indicate that banned Pogo-linked networks remain active in former hotspots, sustained by unresolved gaps in post-ban enforcement and persistent corruption. Former anti-organised crime officials said deportation figures were never fully reconciled after the ban, with thousands of foreign workers unaccounted for, while authorities are also being pressed to examine whether some suspects entered under the 14-day visa-on-arrival scheme for Chinese nationals introduced in January.

The cases suggest a shift from large visible compounds to smaller and less conspicuous sites, including temporary structures, while retaining the same operating model. They also keep pressure on Manila to tighten immigration screening and complete the post-ban cleanup.

#Philippines #China

@asianomics

Philippines thought Pogos were gone. Corruption and AI still power them

Recent raids reveal persistent corruption and tech-enhanced operations keeping the scam hubs alive despite the 2024 ban.

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ASIANOMICS

9 Oct, 13:32

🇸🇿🇹🇼 Eswatini backs Taiwan ties

Eswatini’s king said on Friday he would strengthen his country’s enduring friendship with Taiwan during a return visit to Taipei, according to a Reuters report. The visit followed President Lai Ching-te’s trip to the southern African kingdom in May.

The snippet says China had tried to block Lai’s May visit to Eswatini. The latest exchange places the king’s trip within an already contested diplomatic relationship.

The visit signals continued official engagement between Eswatini and Taiwan. It also indicates that bilateral ties remain active despite Chinese opposition.

#Eswatini #Taiwan

@asianomics

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ASIANOMICS

9 Oct, 12:29

🇹🇼🇺🇸 Lai Links Strait to Indo-Pacific

Taiwan President Lai Ching-te said on Oct. 8 that peace and stability in the Taiwan Strait affect the first island chain and the wider Indo-Pacific, during meetings in Taipei with visiting US Senator Michael Bennet and a delegation. He also said Taiwan would strengthen self-defense, with this year’s defense budget exceeding 3% of GDP and next year’s set to rise to 3.9%, according to a statement released by the presidential office.

Lai said Taiwan is accelerating defense innovation through AI, unmanned systems, space technology, and new communications and command systems to build a smarter, more distributed, and more resilient force geared toward asymmetric warfare. He also said Taiwan hopes to work with the US on a non-China drone supply chain, while deepening cooperation in satellite and space programs after the deployment last year of Taiwan’s first domestically developed optical remote-sensing satellite constellation, FORMOSAT-8.

In a separate meeting the same day with US Representative Brendan Boyle’s delegation, Lai said Taiwan wants defense ties with the US to move from procurement toward joint R&D and joint production, including drones, counter-drone systems, AI-assisted military decision-making, and logistics.

#Taiwan #UnitedStates

@asianomics

赖清德：台海和平稳定攸关第一岛链和印太区域稳定发展

台湾总统赖清德在接见到访的美国参议员班奈特访问团时说，台海和平稳定攸关第一岛链及印太区域的稳定与发展。

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ASIANOMICS

9 Oct, 11:32

🇯🇵🇺🇸 Okinawa demands U.S. military action

The Okinawa prefectural assembly on Friday adopted a resolution urging U.S. forces to prevent a recurrence after the alleged murder of a local woman by a U.S. Marine in Naha. The assembly also passed a statement to the Japanese government calling for a fundamental review of the Japan-U.S. Status of Forces Agreement, while voting 45-2 on the measure.

The case involves Devin Ballard, stationed at U.S. Marine Corps Air Station Futenma, who was arrested on suspicion of robbery and murder over the death of Anna Yagi at a hotel in Naha; he has denied the allegations. The resolution follows repeated crimes involving U.S. servicemen in Okinawa, where public resentment remains acute as the prefecture hosts the bulk of facilities used exclusively by U.S. Forces Japan and has repeatedly demanded changes to the bilateral basing framework.

After the arrest, the U.S. military in Okinawa suspended operations for 48 hours and imposed a 30-day curfew from midnight to 5 a.m. Municipal assemblies in Naha, Ginowan, Miyakojima and Motobu have already passed similar protest resolutions.

#Japan #USA

@asianomics

Okinawa assembly resolution seeks U.S. forces' action after murder case

The Okinawa prefectural assembly adopted a resolution calling on the U.S. military to take action to prevent a recurrence after the alleged murder of a local woman by a U.S. Marine in the southern island prefecture.

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ASIANOMICS

9 Oct, 10:32

🇰🇷 South Korea tests hypersonic missile

South Korean President Lee Jae Myung oversaw the country’s first successful test of a domestically developed hypersonic missile in Taean on Oct. 8, according to the presidential office. Seoul said the hypersonic glide vehicle, which can manoeuvre during flight, was successfully tested as part of its national weapons development effort.

Lee described the launch as progress in self-reliant defence and said South Korea would continue investing in hypersonic propulsion, AI and high-powered lasers. The presidential office called the missile a strategic asset, citing its high speed and unpredictable flight path, while the test came days after North Korea reported its own intermediate-range hypersonic missile launch overseen by Kim Jong Un.

Lee also instructed researchers at a state-run institute to accelerate development and deployment of the system. Hypersonic weapons typically travel at more than five times the speed of sound and are valued for low-altitude manoeuvrability.

#SouthKorea #NorthKorea

@asianomics

South Korea’s Lee oversees first test of a hypersonic missile

South Korea’s Lee oversees first test of a domestically developed hypersonic missile amid tensions with North Korea. Read more at straitstimes.com.

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ASIANOMICS

9 Oct, 09:28

🇨🇳🇰🇷 ARTEX Pulled After Bank Hacks

Chinese developer Autumn-27 said ARTEX, an AI agent for automated penetration testing, will be made closed-source after it was linked to cyberattacks on South Korean banks. The developer said on Oct 8 that no further public versions or maintenance support would be provided, and Reuters reported ARTEX’s GitHub page had been removed after the tool was linked to the attacks.

Released on GitHub in 2026, ARTEX was designed to connect to external LLMs including ChatGPT, Claude and DeepSeek to help organisations test network vulnerabilities. CrowdStrike said the recent campaign targeting customer data at South Korean banks likely involved a China-based 26-year-old using ARTEX and Anthropic’s Claude Code; at least nine banks have disclosed or been reported as targets since late September.

South Korean police have opened an investigation, and President Lee Jae Myung has called for a robust response across the financial sector. Beijing said it was not familiar with the case and reiterated its opposition to hacking.

#China #SouthKorea

@asianomics

Chinese developer makes ARTEX AI agent closed-source after South Korean bank hack

Chinese developer makes ARTEX AI agent closed-source after South Korean bank hack claims and cyberattack probe Read more at straitstimes.com.

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ASIANOMICS

9 Oct, 08:31

🇰🇷🇯🇵 AI-Driven Hacks Rise in East Asia

Companies in South Korea and Japan are facing a sharp increase in cyberattacks, with investigators examining breaches at nine South Korean banks, two mega-churches, and Japanese firms including Daiwa Securities, SoftBank and Lawson. Cybersecurity experts say AI is helping criminals automate phishing, vulnerability scanning and intrusion work, while lowering the barrier for cybercrime.

Japanese incident data from TrendAI shows more cyber cases in the first nine months of 2026 than in all of 2025, with 86 incidents recorded in September alone, up about 18% from August and 37% from July. Specialists say AI is reducing language and technical barriers for foreign attackers and making attacks faster, cheaper and harder to detect, prompting tighter defensive measures by companies and regulators.

CrowdStrike said a suspected 26-year-old China-based actor linked to the South Korean bank cases likely could not have conducted the campaign without AI assistance. Authorities are still investigating how AI was used across the breaches, but firms now face higher compliance, compensation and cybersecurity costs.

#SouthKorea #Japan #China

@asianomics

South Korea, Japan buffeted by hacks as AI lowers bar for cybercriminals

South Korea and Japan boost cyber defences after AI-assisted attacks hit banks and firms, raising fears over faster cybercrime. Read more at straitstimes.com.

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ASIANOMICS

8 Oct, 17:38

🇨🇳🇯🇵 Japan Protests Chinese Protocol Snub

Japan said it has lodged a protest with Beijing after Chinese Foreign Ministry spokesperson Guo Jiakun referred to Prime Minister Sanae Takaichi by name, without using her official title, during a September 30 press briefing. The Japanese Foreign Ministry said on X that it had raised the issue with China, adding that showing respect to another country’s leader is a basic matter of diplomatic protocol.

The issue follows earlier shifts in Chinese official wording toward Takaichi. According to the report, China initially referred to her as Japan’s prime minister after she took office, later moved to terms such as “Japan’s current leadership” and “Japanese ruling authorities,” and twice since August has publicly used her personal name amid disputes over Taiwan-related remarks, wartime messaging, and her UN call to remove the “enemy state clauses” from the UN Charter.

The Japanese side did not disclose the content of the protest, calling it part of diplomatic communication. The episode adds another visible strain to already tense China-Japan official exchanges.

#China #Japan

@asianomics

中国外交部发言人直呼高市早苗姓名日本提出交涉

针对中国外交部发言人郭嘉昆不加头衔地直呼日本首相高市早苗姓名，日本外务省称已向北京提出交涉，“即使立场不同，对一国领导人表示尊重在国际礼仪上是理所当然的”。

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ASIANOMICS

8 Oct, 16:38

🇹🇼🇺🇸 Taiwan Envoy Signals Stable Ties

Taiwan’s representative to the United States, Yu Ta-lei, said on Oct. 7 that Taiwan-US relations remain stable after last month’s Xi-Trump meeting, and stressed the importance of timely US defense deliveries. Speaking at a seminar, he said Washington’s position on Taiwan had not changed, according to remarks reported by Zaobao.

Yu said deterrence depends on strength and on ensuring aggression is not seen as easy or low-cost. He added that Taiwan’s own defense investment must be matched by on-time delivery of equipment, effective training, and the ability to convert those inputs into real deterrent capability.

The remarks come after Trump approved an $11 billion arms sale to Taiwan in December last year, while delaying approval of another $14 billion package to preserve friendly ties and a trade truce with China. Yu also cited Taiwan’s receipt of its first two new F-16V aircraft as evidence of steady progress in bilateral security cooperation.

#Taiwan #USA #China

@asianomics

台代表：习特会后台美关系依然稳健

台湾驻美代表俞大㵢星期三（10月7日）称，台美关系在上月习特会后依然稳健，并强调美国防卫装备及时交付的重要性。

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ASIANOMICS

8 Oct, 15:40

🇰🇷🇨🇳 Suspect Linked to Korea Bank Hacks

US cybersecurity firm CrowdStrike said a suspect behind the late-September to early-October cyberattacks on South Korean financial institutions may be a 26-year-old individual in Guangdong, China. In a report released on its website on October 7, the company said analysis of AI coding tool sessions and related infrastructure uncovered personal information tied to the alleged attacker.

CrowdStrike said the attacker used ARTEX, a China-developed open-source penetration testing tool, together with a large language model, and assessed with relatively high confidence that the person is Chinese-speaking and may have acted for financial gain. One Claude Code session reportedly included a request to produce a researcher briefing on the attack’s results, containing details including a Telegram account, age, education background, and a location in Maoming.

The same Telegram username also appeared in other cyber activity, including research into vulnerabilities on a Telegram-based NFT trading platform and a suspected attack on a Chinese payment platform. CrowdStrike said the information may belong to the person responsible, but does not conclusively identify the attacker.

#SouthKorea #China

@asianomics

网安公司称黑客攻击韩银行幕后主使或是在华26岁人士

美国网络安全公司指早前发生针对韩国金融行业的网络攻击事件，幕后嫌疑人可能是中国广东一名26岁嫌犯。

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ASIANOMICS

8 Oct, 14:35

🇰🇷 Nuri Advances Constellation Push

South Korea’s Nuri rocket on Wednesday deployed five microsatellites from the Naro Space Center in Goheung, in its fifth mission and fourth consecutive success. The launch placed five NEONSAT Earth-observation satellites as the primary payload and nine CubeSats as secondary payloads, while one additional CubeSat failed to separate.

The mission marks a shift from proving independent launch capability to building an integrated domestic space industry linking launch vehicles, satellite constellations and private-sector manufacturing. The five NEONSATs are part of a planned 10-satellite network for national security and disaster response, with the remaining five scheduled for Nuri’s sixth launch in the second half of next year.

Hanwha Aerospace, which took over Nuri manufacturing and assembly from the state-run KARI, also joined launch preparations and operations for the first time. KASA said it plans at least one Nuri launch annually through 2032 as it moves toward a private-led commercial launch system.

#SouthKorea

@asianomics

FOCUS: Nuri rocket's 5th launch signals S. Korea's shift toward integrated space industry

GOHEUNG - The Nuri space rocket's successful deployment of five microsatellites Wednesday marked a key step toward South Korea's first domestic satellite constellation and greater private-sector participation in space development, experts said.

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ASIANOMICS

8 Oct, 13:35

🇰🇷🇷🇺 Seoul denies confirmed fuel exports

South Korea said it has found no confirmed commercial fuel exports to Russia through customs clearance procedures and will continue strict enforcement of export controls. The foreign ministry said official trade data showed no exports of diesel, jet fuel or gasoline to Russia from 2025 through August 2026, after responding to a report that over 176,000 tons of petroleum products were loaded at South Korean ports for Russia's Far East in July and August.

Seoul currently bans exports of strategic items to Russia and subjects another 1,402 non-strategic items with possible military use to case-by-case authorization. The ministry said commercial petroleum products are not covered by these controls, meaning cargo loading at South Korean ports does not by itself violate domestic law; outbound shipments to Russia fell to $4 billion in 2025 from $10 billion in 2021 as South Korea joined broader international export-control efforts.

The government said it will examine the vessels' actual routes and declared destinations before deciding whether any domestic laws were breached. It added that enforcement action will follow if violations are confirmed.

#SouthKorea #Russia

@asianomics

S. Korea says no confirmed fuel exports to Russia, vows strict enforcement of export controls

By Oh Seok-min SEOUL, Oct. 8 (Yonhap) -- South Korea is strictly enforcing its export co...

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ASIANOMICS

8 Oct, 12:30

🇺🇸🇨🇳 FCC Expands China Lab Ban

The US Federal Communications Commission will vote on October 29 to bar all Chinese laboratories from testing smartphones, cameras, computers, and other electronic devices intended for use in the United States, according to an FCC proposal. The measure would also apply to other countries that do not grant reciprocal access to US testing labs and certification bodies, with implementation set for December 2028.

The FCC had already voted in May 2025 to block dozens of Chinese labs deemed national security risks from testing electronics for the US market. FCC Chairman Brendan Carr said 82% of electronic products were tested in China last year, while fewer than 4% were tested by labs inside the US, framing the move as part of a reciprocity and supply-chain security push.

The decision would widen Washington’s existing technology restrictions on China. It follows earlier FCC steps targeting Chinese drones, routers, telecom equipment, and devices containing hardware from companies designated as security risks.

#USA #China

@asianomics

FCC将表决禁止所有中国实验室检测美国电子产品

美国联邦通信委员会（Federal Communications Commission，简称FCC）将于10月29日表决，禁止所有中国实验室为在美国使用的智能手机、摄像头和电脑等电子设备进行检测。

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ASIANOMICS

8 Oct, 11:26

🇲🇾🇲🇲 Malaysia Backs Myanmar’s ASEAN Return

Malaysia Prime Minister Anwar Ibrahim said in Putrajaya that his government would do “whatever possible” to support Myanmar’s full reintegration into ASEAN after meeting President Min Aung Hlaing, who is on a two-day visit to Malaysia. Anwar also said Malaysia would continue cooperating with Myanmar on repatriation, with more than 10,000 Myanmar nationals returned from Malaysia.

Myanmar has faced regional isolation since the 2021 military coup, with Min Aung Hlaing and senior officials barred from ASEAN summits for failing to implement the bloc’s peace plan. His April elevation to the presidency followed an election widely criticised by Western governments and rights groups, while fighting inside Myanmar and the unresolved Rohingya crisis continue to complicate normalisation.

The visit reflects renewed engagement by some ASEAN members even as rights groups and the UN oppose deportations to Myanmar over civil war-related safety risks. Since becoming president, Min Aung Hlaing has also visited Thailand, Laos, Cambodia and Vietnam.

#Malaysia #Myanmar

@asianomics

Malaysia’s PM says he will do whatever possible to ensure Myanmar’s acceptance in regional community

Malaysia’s Anwar says he will work to restore Myanmar’s place in ASEAN after meeting Min Aung Hlaing. Read more at straitstimes.com.

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ASIANOMICS

8 Oct, 10:24

🇺🇸🇲🇲 US opens Myanmar talks

The Trump administration has begun direct talks with Myanmar’s military-installed government, according to U.S. officials and others familiar with the outreach, marking a shift in Washington’s approach to the country’s generals. The engagement is with Myanmar’s ruling military authorities.

The move reverses years of U.S. efforts to isolate Myanmar’s generals after the 2021 coup. Reuters characterizes the outreach as a sharp break from that previous policy line.

The immediate implication is a formal reopening of direct U.S. contact with Myanmar’s military government. It also signals a change in how Washington is handling relations with Naypyidaw.

#US #Myanmar

@asianomics

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ASIANOMICS

8 Oct, 09:28

🇰🇷🇰🇵 JCS Calls DMZ Blast Provocation

South Korea’s Joint Chiefs of Staff Chairman Gen. Jin Yong-sung said Oct. 8 the Sept. 21 mine blast near the inter-Korean border was a North Korean provocation and that the military will review additional response measures. During a parliamentary audit, he referred to the incident after a joint investigation confirmed that resin antipersonnel mines deliberately planted by Pyongyang south of the Military Demarcation Line caused the explosion, which injured three South Korean soldiers, two seriously.

The military had faced criticism from opposition lawmakers after omitting the term “provocation” in its earlier public briefing. Seoul has since launched its first mine-removal mission inside the inter-Korean buffer zone at the blast site, while the JCS said it will strengthen readiness, reduce surveillance blind spots in the DMZ, and accelerate AI-based upgrades at frontline outposts.

Jin described the mine-clearing operation as a significant corresponding measure and said further steps remain under review. The military also pledged a stern response through both physical and nonphysical means.

#SouthKorea #NorthKorea

@asianomics

JCS chief describes DMZ mine blast as 'provocation'; vows to review response measures

By Kim Hyun-soo SEOUL, Oct. 8 (Yonhap) -- South Korea's top military commander said...

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ASIANOMICS

8 Oct, 08:31

🇨🇳🇱🇦🇻🇳 China Opens Laos Air Facility

China has opened a joint support and training facility at Ban Keun Airport in Laos, with Beijing saying the site will improve Laotian air force pilot training and is not directed at any third party. China’s defence ministry said the facility operates under the laws of both countries and international practice, while satellite images from September 30 showed what analysts identified as eight K-8 light attack jets and more than two dozen support vehicles on a runway still under construction.

The site has been widely described as China’s third overseas defence base, after facilities in Djibouti and Cambodia’s Ream Naval Base. The development adds a new military dimension to Beijing’s role in Laos and may complicate Hanoi’s position, as Laos appears to be balancing defence ties among China, Russia and Vietnam while modernising its armed forces.

The facility’s location in the Laotian capital area gives China a more visible security footprint on Vietnam’s western flank. Operational activity has already begun before full runway completion.

#China #Laos #Vietnam

@asianomics

Why China’s new air force base in Laos could rattle Vietnam

Hanoi likely to view the Ban Keun facility as Beijing’s bid to ‘encroach into its area of influence’ in Vientiane, analysts say.

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ASIANOMICS

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