Archive for February 12th, 2020

70pct of Taiwan flights to China canceled due to Wuhan virus outbreak

12-Feb-2020 Intellasia | TaiwaNnews | 6:02 AM

103 of 148 flights from Taiwan to China scheduled for Monday canceled: Civil Aeronautics Administration The cancellation rate of flights across the Taiwan Strait on Monday [...] » More

Taiwan gears up for 5G era: President Tsai

12-Feb-2020 Intellasia | TaiwaNnews | 6:02 AM

President Tsai Ing-wen envisions an era of fifth-generation (5G) networks as the country moves toward a digital economy and continues its industrial transformation. Tsai [...] » More

Taiwan vice president-elect concludes trip to US

12-Feb-2020 Intellasia | TaiwaNnews | 6:02 AM

Taiwan’s vice President-elect William Lai arrived at Taiwan Taoyuan International Airport Monday (February 10) and called his visit to the US “very [...] » More

Chinese warplanes make second Taiwan incursion in space of two days

12-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

Taiwan sent warplanes to intercept a group of mainland Chinese jets that had briefly approached the island on Monday, the second such incident in two days. The incident came [...] » More

Taiwan hits out at China virus travel bans

12-Feb-2020 Intellasia | AFP | 6:02 AM

Taiwan on Tuesday hit out at countries that “confuse” it with China after the Philippines became the latest to impose a travel ban on the island over the deadly [...] » More

Woori Financial names new CEO to flagship bank

12-Feb-2020 Intellasia | KoreaHerald | 6:02 AM

Woori Financial Group on Tuesday announced the appointment of the new head of its flagship commercial banking unit, in a move that is projected to further escalate its [...] » More

Jeju Air shifts to loss on lower demand in 2019

12-Feb-2020 Intellasia | KoreaTimes | 6:02 AM

Jeju Air Co., South Korea’s biggest low-cost carrier, said Tuesday it shifted to a net loss in 2019 from a year earlier due to lower demand for travel on Japanese [...] » More

Battle deepens to become Korea’s leading investment bank

12-Feb-2020 Intellasia | KoreaTimes | 6:02 AM

It seems that heated competition among Korea’s major financial groups, including Hana, Shinhan, KB and NongHyup, will be fiercer this year, as they all plan to [...] » More

Hyundai partners with US government for hydrogen fuel cell

12-Feb-2020 Intellasia | KoreaTimes | 6:02 AM

Hyundai Motor has signed a non-binding memorandum of understanding (MOU) with the US government under which the South Korean automaker will expand its hydrogen fuel cell [...] » More

Pyongyang still importing oil, cars, alcohol illegally: UN

12-Feb-2020 Intellasia | AFP | 6:02 AM

North Korea, which has been hit by a series of UN sanctions, is illegally importing more and more oil and continues to bring in luxury cars and alcohol, according to an [...] » More

Online credit card use up 44.5pct over coronavirus fears

12-Feb-2020 Intellasia | KoreaHerald | 6:02 AM

Online credit card spending by South Korean consumers rose 44.5 percent in the fourth week of January, amid fears of the novel coronavirus outbreak, industry data showed [...] » More

Bank of Korea under mounting pressure to cut base rate amid coronavirus worries

12-Feb-2020 Intellasia | KoreaTimes | 6:02 AM

The Bank of Korea (BOK) is under pressure to lower its key interest rate this month as the local economy remains vulnerable to coronavirus shocks from China. With the virus [...] » More

Justice minister defends decision to block indictment disclosure

12-Feb-2020 Intellasia | KoreaTimes | 6:02 AM

Justice minister Choo Mi-ae defended herself Tuesday over her controversial decision to stop disclosing the full text of indictments involving President Moon-Jae-in’s [...] » More

Genexine CEO gives stocks worth W8.2b to family

12-Feb-2020 Intellasia | KoreaHerald | 6:02 AM

Biotech company Genexine’s CEO Sung Young-chul on Tuesday gifted his stocks worth 8.2 billion won ($6.9 million) to his two daughters, sons-in-law and wife. Genexine, [...] » More

Korea’s 28th patient casts doubt on 14-day quarantine

12-Feb-2020 Intellasia | KoreaHerald | 6:02 AM

South Korea’s latest confirmed case of the coronavirus has raised alarm over the virus’s incubation period and the country’s quarantine measures. The latest [...] » More