Archive for August 18th, 2020

Too early to reduce 5G rates

18-Aug-2020 Intellasia | KoreaTimes | 6:02 AM

The government has been pressuring major telecom companies to reduce their fifth-generation (5G) pricing rate plans to reduce the cost for consumers. SK Telecom, KT and LG [...] » More

Toss, Kakao Bank come under first FSS inspection

18-Aug-2020 Intellasia | KoreaTimes | 6:02 AM

Financial authorities are conducting their first inspection of Korea’s leading fintech firms which are experiencing rapid growth. The audits will likely focus on [...] » More

Are Samsung, SK, Hyundai preparing for M&As?

18-Aug-2020 Intellasia | KoreaTimes | 6:02 AM

Attention is growing on whether Korea’s top conglomerates ? Samsung, SK, Hyundai Motor and LG ? will invest their accumulated cash and cash-equivalent assets in the [...] » More

Why do local financial stocks’ P/B ratios remain so low?

18-Aug-2020 Intellasia | KoreaTimes | 6:02 AM

Korean stocks on the KOSPI market have long been known for their relatively low price-to-book (P/B) ratios, an indicator to show whether a company’s stock is [...] » More

Korea battles worst coronavirus outbreak in months, warns of crisis

18-Aug-2020 Intellasia | Reuters | 6:02 AM

South Korea warned on Monday of a looming novel coronavirus crisis as new outbreaks flared, including one linked to a church where more than 300 members of the congregation [...] » More

Senior workers flex muscles against KB, Citibank

18-Aug-2020 Intellasia | KoreaTimes | 6:02 AM

KB Kookmin Bank and Citibank Korea are facing lawsuits from dozens of their workers in their 50s, who are urging the banks to end their “peak wage system” and [...] » More

China drought, heavy rains spark concern over grain supply as Xi Jinping launches campaign against food waste

18-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

Standing amid his sodden field sown with peanuts, Wang Wei pulls a clump of green leaves from the mud and frowns as he looks at the tiny, underdeveloped pods at the base of [...] » More

Li Ning’s first-half profit beats estimates amid shift to online sales but warns of ‘continued uncertainty’ as Covid-19 lingers

18-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

Li Ning Company Limited, the eponymous sportswear brand by China’s best-known Olympic gymnast, posted a smaller-than-expected drop in first-half net income, as its [...] » More

Chinese restaurant ‘sorry’ for suggesting customers weigh themselves before ordering

18-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

A restaurant in central China has apologised for suggesting its customers weigh themselves before ordering their meals, just days after President Xi Jinping described the [...] » More

Former top US military officials say China could take Taiwan in 3 days by early 2021

18-Aug-2020 Intellasia | TaiwanNews | 6:02 AM

In an essay published by the US Naval Institute, former deputy director of the Central Intelligence Agency (CIA), Michael Morell and ex-Admiral James Winnefeld, warn that Xi [...] » More

China’s loss is turning out to be India’s gain as supply chains start shifting

18-Aug-2020 Intellasia | Bloomberg | 6:02 AM

About two dozen companies pledged $1.5 billion of investments to set up mobile-phone factories in India after Modi govt announced incentives in March. India’s latest [...] » More

Coronavirus: Chinese regulator says vaccines must have 50 per cent efficacy, give 6 months’ immunity

18-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

Covid-19 vaccines must have an efficacy rate of 50 per cent and provide at least six months’ immunity if they are to be approved for use in China, the country’s [...] » More

In likely loss for China, 24 companies plan to set up mobile phone factories in India

18-Aug-2020 Intellasia | Livemint | 6:02 AM

PM Modi in March announced incentives that make niche firmselectronics manufacturerseligible for a payment of 4%-6 percent of their incremental sales over the next five years [...] » More

Trump says China buying more US goods ‘to keep me happy’

18-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

US President Donald Trump said on Saturday that China is scaling up its purchases of US goods “to keep me happy”. Trump made the remarks as talks between his [...] » More

TikTok staff raise more than $11,600 in a day for injunction against Trump’s ‘uncool’ executive order

18-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

A crowdfunding campaign to help US employees of embattled short video app TikTok “fight to keep our paychecks”, after US President Donald Trump issued an [...] » More