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Asia News Weekly - Showdown on the South China Sea and all the news from the region.

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The Philippines prepares final arguments in its case against China, Asian markets dip on the Greek Referendum, and is unification necessary on the Korean peninsula? Plus Japan and South Korea can work together on some historical issues, allegations of political bribery in Malaysia, and more.

Showdown on the South China Sea

It’s been a long and drawn out process, but next week The Philippines will rest its case on  China’s activities in the South China Sea. Manila has been busy presenting information at the Permanent Arbitration Court. The world could learn if The Hague court will take up the matter to rule on UNCLOS as early as August. What that means for the South China Sea and more is discussed.

Greece, Markets, and Developing Asia

This past weekend Greece held its referendum on whether or not to accept new austerity measures in order to secure a bail out and avoid potentially defaulting on previous loans. By now, you know Greece voted no, sending its future, as well as that of the Euro Zone. Almost immediately after the vote, Asian markets took a dive. In fact, a regional benchmarking index saw its largest single-day drop in five months. China’s initial reaction was mixed, but saw more hemorrhaging throughout the week.

Do the Koreas Need to Unify?

A recent survey by Hankook Research, conducted on behalf of The Chosun Ilbo and the Korean Political Science Association, Ministry of Patriots and Veterans Affairs released some very interesting data on how South Koreans feel about unification. Most are in favor and willing to pay for it. At the same time, President Park continues to stump that unification is needed to ensure stability on the peninsula, but is it?

Returning to the podcast is Jonathan Miller, Fellow on East Asia with the EastWest Institute to discuss. An extended version is available on our website.

The Asia Brief

The Asia Brief begins this week with a look the trouble facing Malaysian Prime Minister Najib Razak. Accused of receiving more than $700 million in illegal funds, several offices have been raided, accounts frozen, and some are even calling for the Prime Minister to step down. The podcast also takes a look at the newest Japanese UNESCO World Heritage Sites and the political wrangling conducted by Seoul and Tokyo to ensure a successful bid. Host Steve Miller provides an update on the defamation charge against Japanese reporter Tatsuya Kato, the fate of students arrested by the Thai junta, and what to expect from North Korea as it “searches” for Japanese abductees.

Don’t miss the extended version for more news.

Program Notes

Check out the new monthly water cooler discussion on Asia with What’s Up Asia?!

Join host Steve Miller for a South Korean meokbang eating competition on Monday, July 13th at 1300 local (0400 UTC).

If you enjoyed the podcast, please share it with your friends and if you haven’t, subscribe. Subscribing is free and when you do, the next episode is delivered automatically to you. You can subscribe on our website, AsiaNewsWeekly.net, or in your favorite podcast application.

You’ll be able to keep up with news from the region by following Asia News Weekly on Facebook or Twitter and if you have comments, questions, or feedback, be sure to drop a line to podcast@asianewsweekly.net.

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