The South Korean government has ended the 10% VAT refund program for tourists undergoing cosmetic surgery. The private sector warns that revoking the tax refund will undermine competitiveness. The program, which had been in place since 2559, aimed to attract customers and stimulate the medical market.

The Japanese government is preparing to approve tax incentives of up to 7%, along with the option to immediately record depreciation, in an effort to stimulate private sector investment. This is expected to result in a loss of approximately 4 billion yen in tax revenue per year for the government in the short term.

South Korea's exports in the first 10 days of December reached $2.058 billion, resulting in a small trade deficit of $70 million. Semiconductor exports surged 45.9%, accounting for more than a quarter of the total export value.

The Indian government aims to make EVs 30% of total sales by 2030 through the PLI mechanism and government incentives, citing the market's unprecedented growth.

Australia is set to become the first country to force social media giants like Instagram, TikTok and YouTube to block more than 1 million accounts of users under the age of 16, with violators facing fines of up to AU$49.5 million.

South Korean police raid Coupang to investigate five-month hack that compromised data of 30 million people, sparking consumer outrage

"Japanese IPOs" in 2025 raised 1.2 trillion yen, a seven-year high, boosting the Japanese capital market amid rebounding confidence after deflation.

Japan's first major military buildup in 40 years is transforming Yonaguni Island into a strategic base for the US-Japan conflict if a Taiwan situation arises.

India aims to build a $4.5 billion space economy, with the private sector as the primary driver, and plans to become a developed nation by 2047.

Japan lodges strong protest against China after J-15 aircraft lock onto target with radar during mission to track Liaoning aircraft carrier, while China retaliates against Japan's exaggerated accusations.