Archive for August 19th, 2020

Korea Development Bank chief to extend chairmanship

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

Korea Development Bank (KDB) Chair Lee Dong-gull is likely to extend his term for another three years at a crucial juncture when he has to continue handling a series of [...] » More

Tesla Korea ordered to amend unfair contract terms

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

US electric vehicle (EV) giant Tesla’s Korean unit has corrected its contract terms that allegedly shifted its responsibility to customers, after the fair trade [...] » More

S Korea takes another step toward hydrogen economy with Hanwha’s byproduct plant

19-Aug-2020 Intellasia | Spglobal | 6:02 AM

From setting up the biggest liquid hydrogen plant in the world to producing the carbon-free fuel as a byproduct, South Korea is fast implementing new technologies to expand [...] » More

Samsung Life’s unloading of Samsung Elec. stocks to boost investors

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

Since ruling party lawmakers proposed revisions to the current Insurance Business Act in mid-June, Samsung Life’s stock price increased by 39.5 percent from the closing [...] » More

Hit by COVID-19 cases, Starbucks Korea cuts seat capacity, delays event

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

Starbucks Corp’s (SBUX.O) South Korean operation is scrambling to curb the spread of coronavirus, cutting seating capacity in its cafes and delaying a promotional event [...] » More

Chinese Communist Party aims to turn Beijing into an e-sports hub, backed by subsidy schemes

Chinese Communist Party aims to turn Beijing into an e-sports hub, backed by subsidy schemes

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

China’s capital, Beijing, is expected to become the country’s new e-sports hub under an ambitious initiative that will provide major subsidies to teams, arenas [...] » More

Could Donald Trump’s latest overtures to Russia add to pressure on China? Observers aren’t so sure

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

Chinese observers have played down the possibility that Donald Trump and Vladimir Putin will meet before the American elections, but said the US president may make [...] » More

Meng Wanzhou’s lawyers want evidence revealed, saying documents cannot be redacted to shield official ‘misconduct’

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

Lawyers for Meng Wanzhou say redactions to official documents relating to the arrest of the Huawei executive might have been “strategic”, as they pressed a [...] » More

Wuhan hosts massive water park party as coronavirus concerns recede

19-Aug-2020 Intellasia | CNN | 6:02 AM

It was ground zero in the coronavirus pandemic and underwent the world’s first and arguably strictest lockdown. Now, the central Chinese city of Wuhan appears to have [...] » More

China’s rain-swollen Yangtze river triggers unprecedented flood alert

19-Aug-2020 Intellasia | CNA | 6:02 AM

China’s biggest river, the Yangtze, and several of its tributaries have risen to dangerous levels after days of heavy rain, forcing tens of thousands of people from [...] » More

Hilton, Country Garden to roll out 1,000 hotels in mainland China over 10 years in largest deal for US hotel chain

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

Hilton, once part of the investment portfolio of HNA Group, is tweaking its strategy in mainland China by targeting domestic long-stay guests amid a slump in international [...] » More

China slams US ‘abuse’ over new Huawei sanctions

China slams US ‘abuse’ over new Huawei sanctions

19-Aug-2020 Intellasia | France24 | 6:02 AM

Beijing on Tuesday hit out at new US sanctions against telecom giant Huawei, accusing Washington of an “abuse of national power” to block the rise of Chinese [...] » More

China on alert for Yangtze River flooding as storms close in

China on alert for Yangtze River flooding as storms close in

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

Heavy rain is expected across China’s southwest, northwest and northeast in the next three days, raising flood risks and pressure on dams, weather forecasters have [...] » More

Photo of Chinese ambassador to Kiribati walking across backs of locals ‘misinterpreted’

Photo of Chinese ambassador to Kiribati walking across backs of locals ‘misinterpreted’

19-Aug-2020 Intellasia | TheGuardian | 6:02 AM

A photo reportedly showing the Chinese ambassador to Kiribati walking on peoples’ backs as part of an island welcoming ceremony has ignited debate about outsider [...] » More

Has China’s annual Beidaihe leaders’ retreat already happened in secret?

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

Perhaps no holiday has attracted as much speculation as the yearly gathering of Chinese leaders in the seaside retreat of Beidaihe. Ostensibly an annual break for them to [...] » More