If Nippon Steel can successfully develop the technology use hydrogen in place of convention coal in steelmaking, it could cut CO2 emissions by up to 50%.
Navigating union resistance and China's steel production dominance, the Nippon Steel buyout faces heightened acquisition challenges amid US election dynamics.
Weeks ahead of an April US-Japan summit, President Joe Biden referred to the Nippon Steel buyout, saying he opposes a foreign company owning US Steel.
The combined forces of Japan and the US in producing high-grade steel can counter China's cheap products. Nippon Steel must dispel the American side's concerns.
The American resentment toward the US Steel buyout is outdated and hypocritical — it neglects the trust that Japan has consistently demonstrated since the war.
Nippon Steel envisions the two companies becoming the "best steelmaker with world-leading capabilities." Both can move forward by combining their strengths.
South Korea must adhere to its agreements or lose international trust. It must recognize those parties out to destroy the foundations of Japan-Korea relations.
While there are still hurdles to be overcome, by combining its output with US Steel's, Nippon Steel would become the world's third-largest steelmaker.
While any improvement in Japan-South Korea relations is welcome, resolution of the wartime labor issue will only be temporarily if it ignores the 1965 treaty.
The Yoon government is seeking a resolution of the wartime labor issue but has yet to convince South Korean lawsuit parties who want money, or a...
Japanese manufacturers get aggressive about protecting their inventions from theft and patent laundering.
The Seoul Central District Court rules that the case, which the Supreme Court favored in 2018, is a “breach” of the 1965 Japan-South Korea agreement on...