Archive for October 10th, 2020

Fire at Korea 33-level tower block brought under control

10-Oct-2020 Intellasia | BBC | 6:02 AM

A fire that ripped through a 33-storey tower block in the southern South Korean city of Ulsan has been brought under control, local media said. Hundreds were earlier [...] » More

N Korea prepares for big military parade despite coronavirus concern; Kim may speak

10-Oct-2020 Intellasia | Reuters | 6:02 AM

North Koreans wearing medical masks have gathered in the capital of Pyongyang, state media reported this week, ahead of what is expected to be a big military parade on [...] » More

Bank of Korea urged to reconsider purpose of CBDC issuance

10-Oct-2020 Intellasia | KoreaTimes | 6:02 AM

The Bank of Korea (BOK) is urged to reconsider whether it has to hurriedly jump on the global bandwagon over the issuance of central bank digital currency (CBDC), as the [...] » More

Korea culls 1,500 pigs after new cases of African swine fever Yonhap

10-Oct-2020 Intellasia | Reuters | 6:02 AM

For the first time in a year, South Korea found new cases of African swine fever on a farm this week, forcing authorities to cull at least 1,500 pigs, the Yonhap news agency [...] » More

Why President Moon keeps pushing for end-of-war declaration

10-Oct-2020 Intellasia | KoreaTimes | 6:02 AM

President Moon Jae-in’s repeated calls to officially end the Korean War indicate his administration’s determination to continue on the agenda that he believes [...] » More

Missiles and masks: N Koreans prepare military parade despite coronavirus concern

Missiles and masks: N Koreans prepare military parade despite coronavirus concern

10-Oct-2020 Intellasia | Reuters | 6:02 AM

North Koreans wearing medical masks have gathered in the capital of Pyongyang, state media reported this week, ahead of what is expected to be a big military parade on [...] » More

Seoul City criticised for pushing to turn Korean Air-owned land into public park

10-Oct-2020 Intellasia | KoreanTimes | 6:02 AM

The Seoul Metropolitan government is facing criticism over its unilateral push to turn a vacant lot owned by Korean Air in central Seoul into a public park, with critics [...] » More

N Korea plans biggest ever military parade for party anniversary-report

10-Oct-2020 Intellasia | TheGuardian | 6:02 AM

Speculation is building that North Korea will unveil its latest weaponry at a huge parade this weekend to mark the 75th anniversary of the ruling Workers’ party. The [...] » More

‘China has been taking advantage of America for decades’: Mike Pence holds Donald Trump’s line during debate

10-Oct-2020 Intellasia | South China Morning Post | 6:02 AM

United States vice-President Mike Pence reiterated Donald Trump’s threats on China in the vice-presidential debate with Democratic challenger Kamala Harris on Wednesday [...] » More

China tourism rebounds over Golden Week but still below last year

10-Oct-2020 Intellasia | Reuters | 6:02 AM

Domestic tourism in China saw a robust rebound over the just-ended Golden Week holiday, encouraged by the country’s success in stamping out the novel coronavirus, [...] » More

China’s health care sector consolidation to produce global champions, says investor in newest HK IPO winner

10-Oct-2020 Intellasia | South China Morning Post | 6:02 AM

China’s rapidly growing health care industry will consolidate within a decade, with a few dozen top players establishing a global presence, according to a specialist [...] » More

Foreign wealth management giants poised to tap China’s $3.7 trillion market as new rules promise to cut risk

10-Oct-2020 Intellasia | South China Morning Post | 6:02 AM

A shake-up of the rules around wealth management in China designed to eradicate risks that previously plagued the sector has helped smooth the way for foreign players keen to [...] » More

PBOC reports results of central bank digital currency pilot

10-Oct-2020 Intellasia | NFCW | 6:02 AM

More than 113,000 Chinese consumers have now used a digital wallet supporting “multiple payment methods, including barcode, facial recognition and tap-and-go [...] » More

Reformist calls for China to reassure the private sector ahead of key Communist Party meeting

10-Oct-2020 Intellasia | South China Morning Post | 6:02 AM

China can overcome the external challenges it is facing if the Communist Party leadership gives private companies more confidence that their investments and business will be [...] » More

US appeals judge’s ruling that blocked US ban on TikTok downloads

10-Oct-2020 Intellasia | Reuters | 6:02 AM

The US government said in a court filing on Thursday it was appealing a judge’s ruling that prevented it from prohibiting new downloads of the Chinese-owned short [...] » More