Archive for August 19th, 2020
Korea Development Bank chief to extend chairmanship
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
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
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
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
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
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
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’
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
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
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
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
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
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’
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?
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
