China’s coronavirus is dealing blow after blow to South Korean multinational giant LG Electronics Inc, an Apple Inc supplier. The initial outbreak forced LG to shutter its China factory for almost three weeks to help contain the spread of the… Read More ›
In a statement, Indonesia’s transportation minister stated, in 2020, Jakarta will offer more airport management projects to foreign investors. On Thursday, for the first time, Indonesia entered into a 25 years agreement with PT Cardig Aero Services and Singapore’s Changi… Read More ›
A south Korean court has jailed Lee Sang-hoon, Samsung Electronics Co Ltd board Chairman following a sentence of up to 1-1/2 years in jail. Lee Sang-hoon has been charged for sabotaging legitimate union activities, said the South Korean court. Along… Read More ›
The ruling of a South Korean court ignited bilateral trade ties. Since then, relations have tread mostly southwards. On Monday South Korea announced, it plans on investing $6.48 billion (7.8 trillion won) in research and development for local materials, equipment… Read More ›
This is a must read for those looking to purchase a car. In what is likely to be an eye opener, an annual ranking exercise by researcher J.D. Power revealed that South Korean brands have once again demonstrated their best… Read More ›
The development will alleviate short term liquidity problems for the airlines. Long term issues however will need to be dealt with. Asiana has taken on considerable debt. On Tuesday, South Korea’s finance minister Hong Nam-ki stated, South Korean creditors plan… Read More ›
Automakers have warned that a rise in VAT rates for automobiles would significantly effect burgeoning car sales. According to the Russian branch of South Korean carmaker Hyundai Motor Co, the auto market in the country is likely to witness a… Read More ›
South Korea is witnessing a rise in passenger footfalls in international routes. South Korea’s biggest low-cost airline Jeju Air Co Ltd stated, it plans on purchasing 40 Boeing 737 Max 8 airplanes worth $4.4 billion at list prices. The deal… Read More ›
Having emerged as a top player in the fiercely price sensitive Indian market, Daikin the world’s biggest manufacturer of air conditioning equipment maker is one of the few Japanese companies that can compete head to head with the Chinese. The… Read More ›
This preliminary deal essentially sets the foundation for Detroit-based General Motors landmark deal, to be signed on May 11 with the South Korean government, which will see it set up its Asia-Pacific HQ in the country. The deals are aimed… Read More ›
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