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South Korea sees economic recovery for sixth month

South Korea sees economic recovery for sixth month

Fri, Oct 18, 2024

South Korea's finance ministry saw a continued economic recovery for the sixth straight month on Friday thanks to robust export and manufacturing production.

Number of COVID-19 inpatients surges sixfold in four weeks in South Korea

Number of COVID-19 inpatients surges sixfold in four weeks in South Korea

Fri, Aug 09, 2024

South Korea has seen a sharp increase in COVID-19 hospitalizations, reaching 861 in the first week of August—the highest since early February. This surge, driven by the KP.3 omicron subvariant, has led health authorities to enhance monitoring and prepare for a vaccination campaign in October. Most patients have mild symptoms, but efforts are being made to secure medicine and test kits and to protect high-risk groups.

South Korea's economically active elderly people hit record high in 2024

South Korea's economically active elderly people hit record high in 2024

Tue, Jul 30, 2024

Of the elderly employed, the largest 12.8 per cent was engaged in the health care and social welfare sector, followed by the agricultural, livestock and fishery industry with 12.4 per cent and the manufacturing industry with 12.2 per cent.

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12th KIIT International Chess Festival 2019 to begin in Bhubaneswar

12th KIIT International Chess Festival 2019 to begin in Bhubaneswar

Thu, May 30, 2019

The 12th KIIT International Chess Festival 2019 will be held in Odisha’s Bhubaneswar. The tournament will start from May 31 to June 7. Around 30 countries will participate in the tournament including India, Spain, Russia, USA, Chile, Belgium, South Korea and Japan. The tournament will be jointly organized by All Odisha Chess Association & KIIT deemed to be University under the aegis of All India Chess Federation and World Chess Federation (FIDE). The prize money for the tournament is Rs 25 lakh.

PM Narendra Modi invites more South Korean investment in India

PM Narendra Modi invites more South Korean investment in India

Thu, Feb 21, 2019

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018.

Mahindra & Mahindra hikes stake in Ssangyong Motor to 74.65% picks shares worth Rs 316 cr

Mahindra & Mahindra hikes stake in Ssangyong Motor to 74.65% picks shares worth Rs 316 cr

Wed, Jan 16, 2019

"Pursuant to the above, the shareholding of the company (M&M) in SYMC would increase from 72.46 per cent to 74.65 per cent," M&M said.

Samsung third-quarter profit likely hit record high but chip price falls cast shadow

Samsung third-quarter profit likely hit record high but chip price falls cast shadow

Fri, Oct 05, 2018

Samsung Electronics Co Ltd said quarterly operating profit likely surged by a fifth to a record high, with its chip unit bolstered by robust demand from data centres and gains in production yields.

Gold imports rise 22% to USD 33.65 billion in 2017-18

Gold imports rise 22% to USD 33.65 billion in 2017-18

Fri, Jul 27, 2018

Increase in gold imports pushed the country's trade deficit to USD 157 billion in the last fiscal, an increase of about 45 per cent as compared to the year ago period.

Apple supplier LG Display slashes investment plans as losses mount

Apple supplier LG Display slashes investment plans as losses mount

Wed, Jul 25, 2018

LG said it would trim investment by 3 trillion won ($2.7 billion) from what was planned by 2020, without revealing its total or previous capex targets. It also warned that it could adjust production in South Korea and China in response to trade disputes between Washington and Beijing.

PM Narendra Modi says "we have new era of bilateral strategic cooperation" with South Korea

PM Narendra Modi says "we have new era of bilateral strategic cooperation" with South Korea

Tue, Jul 10, 2018

Prime Minister Modi said, "When it comes to policies, India's 'Act East Policy' and Republic of Korea's 'New Southern Strategy' have natural common grounds & I welcome the South Korean President's view that India-Republic of Korea relations is the foundation of their New Southern Strategy."

North Korea, South Korea history created; Kim Jong Un and Moon Jae-in commit to denuclearisation in historic summit

North Korea, South Korea history created; Kim Jong Un and Moon Jae-in commit to denuclearisation in historic summit

Fri, Apr 27, 2018

North Korea, South Korea history created today! North Korea leader Kim Jong Un and South Korea leader Moon Jae-in agreed today to pursue a permanent peace and the complete denuclearisation of the divided peninsula, as they embraced after a historic summit laden with symbolism.

Donald Trump may cause this big calamity to happen, says Standard & Poor's

Donald Trump may cause this big calamity to happen, says Standard & Poor's

Mon, Mar 12, 2018

The US had last week raised import duties on steel and aluminium products to 25 per cent and 10 per cent, respectively. According to trade experts, the decision is unlikely to impact exports of these items to America. However, they have expressed fear that such protectionist measures would impact global trade.

Hyundai likely to launch its electric car in India by 2019

Hyundai likely to launch its electric car in India by 2019

Wed, Jan 31, 2018

India’s second largest car maker, Hyundai Motor India Pvt Ltd plans to launch its first electric car in India by 2019, a year earlier than arch rival Maruti Suzuki India Ltd plans to enter the segment, reports Livemint.

2 Indian-American innovation pioneers inducted into Inventors Hall of Fame

2 Indian-American innovation pioneers inducted into Inventors Hall of Fame

Mon, Jan 29, 2018

Paulraj and Mitra along with 13 other innovation pioneers would be formally felicitated during the innovation industry's most highly anticipated event "The Greatest Celebration of American Innovation" on May 2-3 organised in partnership with the US Patent and Trademark Office.

Amazon Web Services opens third Availability Zone in Asia-Pacific

Amazon Web Services opens third Availability Zone in Asia-Pacific

Wed, Jan 24, 2018

In a bid to support the rapid expansion of the AWS customer base in the Asia-Pacific region, Cloud major Amazon Web Services (AWS) on Wednesday announced the opening of a third "Availability Zone" in Singapore.

Bitcoin, rival cryptocurrencies plunge on crackdown fears

Bitcoin, rival cryptocurrencies plunge on crackdown fears

Tue, Jan 16, 2018

Bitcoin traded as low as $11,191.59 on the Luxembourg-based Bitstamp exchange

India launches 31 satellites, puts Cartosat-2 into orbit

India launches 31 satellites, puts Cartosat-2 into orbit

Fri, Jan 12, 2018

The 44.4-metre tall Polar Satellite Launch Vehicle (PSLV-C40) roared into a clear sky after a perfect lift-off at 9.29 a.m. following a 28-hour countdown.

South Korea to impose new curbs on cryptocurrency trading

South Korea to impose new curbs on cryptocurrency trading

Thu, Dec 28, 2017

South Korea had previously announced its plan to tax capital gains from cryptocurrency trading

Samsung scion denies corruption charges as legal appeal nears end

Samsung scion denies corruption charges as legal appeal nears end

Wed, Dec 27, 2017

The heir to South Korea`s Samsung Group, convicted of bribing the country`s former president, on Wednesday denied allegations of wrongdoing as the appeals trial of his five-year jail term for corruption neared its end.

Global Markets: Asia stocks up on US tax-reform optimism, dollar treads water

Global Markets: Asia stocks up on US tax-reform optimism, dollar treads water

Tue, Dec 19, 2017

Global markets have been buffeted in recent weeks by shifting expectations about President Donald Trump`s ability to push through his signature policy.

Some WTO members to push for e-commerce rules as broader deal fails

Some WTO members to push for e-commerce rules as broader deal fails

Thu, Dec 14, 2017

A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed.

South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'

South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'

Wed, Dec 13, 2017

The world`s biggest and best known cryptocurrency, bitcoin, surged past $17,000 to new all-time highs this week, marking an almost dizzying 20-fold rise this year and feeding fears of a bubble.

Asian markets edge up slightly after strong US service data

Asian markets edge up slightly after strong US service data

Thu, Oct 05, 2017

In Asia on Thursday, trade is expected to remain subdued with China, Hong Kong and South Korea closed for public holidays and analysts cautioning against reading too much into index moves.

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