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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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India has highest number of unicorn start-ups outside the US

India has highest number of unicorn start-ups outside the US

Mon, Sep 25, 2017

India currently has 9 unicorn start-up firms including Flipkart, Hike, InMobi, Ola Cabs, Paytm, ReNew Power Ventures, ShopClues, Snapdeal and Zomato.

Trump confirms November trip to China, Japan, South Korea

Trump confirms November trip to China, Japan, South Korea

Fri, Sep 15, 2017

Trump on Thursday did not rule out also visiting Vietnam to attend the Asia-Pacific Economic Cooperation Forum and his team is still considering whether he will attend the Association of Southeast Asian Nations (ASEAN) summit in The Philippines, Efe news reported.

India's average internet connection speed among the lowest in the world

India's average internet connection speed among the lowest in the world

Wed, Jul 26, 2017

While the internet connection speed in India is among the lowest in the world, it is also one of the cheapest in terms average monthly costs.

Hyundai Motor, Kia Motors cut production in China amid diplomatic tensions

Hyundai Motor, Kia Motors cut production in China amid diplomatic tensions

Tue, Apr 04, 2017

The sales of South Korean manufacturers has declined due to poor consumer sentiment from Chinese consumers due to political tensions between the two.

Samsung Electronics to launch Galaxy S8 in New York today; here's how you catch the event live

Samsung Electronics to launch Galaxy S8 in New York today; here's how you catch the event live

Wed, Mar 29, 2017

Samsung Electronics will live stream the phone Galaxy S8 launch event titled 'Samsung Galaxy Unpacked 2017' on its website starting at 8:30 pm on Wednesday as per Indian Standard Time (IST).

South Korea's Court upholds impeachment of President in scandal involving Samsung

South Korea's Court upholds impeachment of President in scandal involving Samsung

Fri, Mar 10, 2017

The ruling to uphold parliament's December 9 vote to impeach her marks a dramatic fall from grace of South Korea`s first woman president.

US President Donald Trump calls Chinese ''grand champions'' of currency manipulation

US President Donald Trump calls Chinese ''grand champions'' of currency manipulation

Fri, Feb 24, 2017

US President Donald Trump declared China the "grand champions" of currency manipulation on Thursday.

Reckitt Benckiser to buy Mead Johnson Nutrition for $16.6 billion

Reckitt Benckiser to buy Mead Johnson Nutrition for $16.6 billion

Fri, Feb 10, 2017

Reckitt Benckiser has agreed to buy US baby formula maker Mead Johnson Nutrition for $16.6 billion which will help the company to increase its presence in developing markets

'Government's extension of anti-dumping duties is likely to be credit positive for Indian steel industry'

'Government's extension of anti-dumping duties is likely to be credit positive for Indian steel industry'

Fri, Feb 10, 2017

Moody's and Care Ratings have projected the Government of India's latest move to extend the anti-dumping duties for the next two months to be credit positive for Indian steel companies.

Iran capitalises on OPEC oil cut to sell millions of barrels: Sources

Iran capitalises on OPEC oil cut to sell millions of barrels: Sources

Fri, Jan 06, 2017

Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalising on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.

LG Electronics estimates quarterly loss of nearly $30 million; first in six years

LG Electronics estimates quarterly loss of nearly $30 million; first in six years

Fri, Jan 06, 2017

This is the first loss for the company since a bigger loss in the fourth quarter of 2010.

Steel Ministry seeks lower import taxes on key raw materials

Steel Ministry seeks lower import taxes on key raw materials

Tue, Jan 03, 2017

India`s Steel Ministry wants lower import taxes on a number of key steelmaking raw materials, including nickel, to protect the domestic industry from the rising costs of basic resources, a senior government official said on Tuesday.

South Korea December exports rise on semiconductors, machinery amid nascent recovery

South Korea December exports rise on semiconductors, machinery amid nascent recovery

Sun, Jan 01, 2017

South Korean exports in December rose for a second straight month, data showed on Sunday, adding to hopes for a firm turnaround in shipments that have fallen for most of the past two years.

South Korea slashes 2017 GDP forecast, makes plans to shore up consumption

South Korea slashes 2017 GDP forecast, makes plans to shore up consumption

Thu, Dec 29, 2016

South Korea lowered its growth outlook for next year as it sees weaker domestic demand and waning job growth holding back recovery in Asia`s fourth-largest economy.

South Korea regulator fines Qualcomm $854 million for violating competition laws

South Korea regulator fines Qualcomm $854 million for violating competition laws

Wed, Dec 28, 2016

South Korea`s antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the US firm said it will challenge in court.

NMDC invests Rs 1,222 crore to set up Nagarnar steel plant

NMDC invests Rs 1,222 crore to set up Nagarnar steel plant

Sun, Dec 18, 2016

State-run iron ore miner NMDC has invested Rs 1,222.65 crore till September 2016 to set up a 3 million tonnes per annum (MTPA) integrated steel plant in Nagarnar in Bastar district of Chhattisgarh. The plant is expected to start trial production by mid-2017.

India to have highest salary increase in Asia Pacific in 2017

India to have highest salary increase in Asia Pacific in 2017

Mon, Dec 12, 2016

India and Vietnam will have the highest salary increases next year with a projected rise of 10.8 % and 9.2 % respectively among Asia Pacific's emerging economies, according to a report by a global consulting firm.

South Korea to slap VW with record fine of nearly $32 million, pursue executives over emission ads

South Korea to slap VW with record fine of nearly $32 million, pursue executives over emission ads

Wed, Dec 07, 2016

South Korea`s antitrust watchdog said on Wednesday it will file criminal complaints against several executives at Volkswagen AG`s South Korean unit and fine the company a record 37.3 billion won ($31.87 million) for false advertising over its vehicle emissions.

India extends steel floor price to February 4 to curb cheap imports

India extends steel floor price to February 4 to curb cheap imports

Sun, Dec 04, 2016

India has yet again extended the floor price of imports of steel products for a further two months as the government tries to protect the domestic industry from cheap overseas shipments, especially from China.

India's crude oil imports from Iran rise 336% in October

India's crude oil imports from Iran rise 336% in October

Wed, Nov 30, 2016

India's imports of crude oil from Iran have risen 336% in October this year as the producer continued to recoup market share lost under sanctions, Reuters reported on Wednesday citing a data released by the International Energy Agency (IEA).

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