Archive for March 12th, 2021

LG considers building battery line in US for EV startups

12-Mar-2021 Intellasia | KoreaTimes | 7:36 AM

LG Energy Solution (LGES) is considering building an additional electric vehicle (EV) battery line in the United States to produce cylindrical batteries for startup EV makers [...] » More

Korea speeding up vaccination by expanding AZ inoculation

12-Mar-2021 Intellasia | KoreaTimes | 7:36 AM

Korea’s nationwide COVID-19 vaccine rollout is expected pick up speed following a government decision to allow the use of the AstraZeneca vaccine for people aged over [...] » More

Schaeffler Korea selected as top employer of 2021

12-Mar-2021 Intellasia | KoreaTimes | 7:36 AM

Schaeffler Korea was selected as one of the top five employers in the local car industry by German resarch firm Statista, March 5. Led by CEO Lee Byung-chan, the company is [...] » More

Less than 10,000 visitor arrivals per month to Korea from April to December 2020

12-Mar-2021 Intellasia | IAG | 7:36 AM

South Korea welcomed less than 10,000 tourist arrivals per month following the start of the global COVID-19 pandemic last year, a decline of more than 99 percent on the 1.33 [...] » More

Govt. identifies 20 LH officials suspected of land speculation

12-Mar-2021 Intellasia | Koreaherald | 7:36 AM

The government has identified seven more public officials suspected of buying land for speculation, bringing the total number to 20, prime minister Chung Sye-kyun said [...] » More

COVID-19 gives excuse to Seoul for scaled-down combined drill

12-Mar-2021 Intellasia | KoreaTimes | 7:36 AM

While COVID-19 has brought suffering to the whole world, North Korea seems to have become a beneficiary of the pandemic as the combined military drill between South Korea and [...] » More

Korea extends use of AstraZeneca COVID-19 vaccine to people aged 65 and over

12-Mar-2021 Intellasia | Reuters | 7:36 AM

South Korea will extend vaccination for people aged 65 years and older with AstraZeneca’s coronavirus vaccine to ramp up its immunisation drive, prime minister Chung [...] » More

Korean YouTubers hope to avoid double taxation under new Google policy

12-Mar-2021 Intellasia | KoreaTimes | 7:36 AM

With Google set to deduct a withholding tax of up to 10 percent from Korean YouTubers’ earnings in the US, to comply with local government regulations, attention is [...] » More

US against unlocking Iranian funds in Korea without nuclear compliance

12-Mar-2021 Intellasia | Koreaherald | 7:36 AM

The United States will not release any of the Iranian funds frozen in South Korean banks under the US sanctions until Tehran complies with the 2015 nuclear deal, raising [...] » More

China’s tech push includes plans to lure more skilled migrants

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

China wants to lure more skilled migrants, including tech industry professionals, to help achieve its goal of becoming a self-reliant “technology power”. The [...] » More

China inflation: factory gate prices jump in February as producers pass on rise in raw materials prices

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

China’s factory gate prices continued to rise in February, as producers passed on rising raw material prices, data released on Wednesday showed. The producer price [...] » More

Top US, China diplomats to hold first in-person talks of Biden presidency

12-Mar-2021 Intellasia | Reuters | 7:36 AM

US Secretary of State Antony Blinken will meet with top Chinese officials on March 18 in Alaska, the White House said on Wednesday, the first high-level in-person contact [...] » More

US and China set up semiconductor working group to ease export controls, improve supply chain security

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

The China Semiconductor Industry Association (CSIA), a state-backed association of 774 Chinese businesses in the chips industry, said on Thursday that it has set up a working [...] » More

Mexico to rely heavily on Chinese vaccines

12-Mar-2021 Intellasia | AP | 7:36 AM

Mexico announced a huge bet on Chinese vaccines Tuesday, without making public any information about their efficacy. Foreign Relations Secretary Marcelo Ebrard said the [...] » More

Australian rare earth firm ASM signs Korea deal as West tries to counter China’s dominance in critical minerals

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

Australian rare earth producer ASM has strengthened its supply chain by closing a deal with two regional governments in South Korea where it will build its first processing [...] » More