Sony has announced price increases for its PlayStation consoles in multiple East Asian markets, effective May 1. The hikes follow similar changes a month ago in the US, UK, Europe, and Japan. In South Korea, prices have risen by up to 43 percent from launch levels.

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In a sign of deepening China-South Korea business ties amid the state visit of President Lee Jae-myung starting Sunday, South Korean executives are set to engage with Beijing, while Japanese firms have postponed trips due to fallout from Tokyo's Taiwan remarks.

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