Archive for April 7th, 2021

Korea confident of fighter deal despite default

07-Apr-2021 Intellasia | Koreaherald | 5:02 AM

Indonesia is defaulting on a deal with South Korea to build fighter jets, sitting on its contribution to the project worth at least 8 trillion won ($7.1 billion), but Seoul [...] » More

LG’s exit from smartphone biz limits options for Korean consumers

07-Apr-2021 Intellasia | KoreaTimes | 5:02 AM

LG Electronics’ decision to exit from the smartphone business after 26 years is expected to increase the dominance of the two top players ? Samsung Electronics and [...] » More

US takes alliance commitment with S. Korea very seriously: Pentagon spokesman

US takes alliance commitment with S. Korea very seriously: Pentagon spokesman

07-Apr-2021 Intellasia | YNA | 5:02 AM

The United States takes its defense alliance with South Korea very seriously, a Pentagon spokesman said Monday, highlighting US efforts to ensure the countries’ joint [...] » More

Banking groups signal hope of launching internet-only banks

07-Apr-2021 Intellasia | Koreaherald | 5:02 AM

South Korean banking groups have approached the financial authorities in hopes of launching their own internet-only lenders, industry insiders said Tuesday, amid the growing [...] » More

Korea’s SK Group buys 16.3pct stake in Vietnam’s VinCommerce for $410 million

07-Apr-2021 Intellasia | Reuters | 5:02 AM

South Korea’s third-largest conglomerate, SK Group, said on Tuesday it has agreed to acquire a 16.3 percent stake in Vietnam’s VinCommerce, a retail affiliate of [...] » More

Global brands find it hard to untangle themselves from Xinjiang cotton

07-Apr-2021 Intellasia | BangkokPost | 5:02 AM

Faced with accusations that it was profiting from the forced labour of Uyghur people in the Chinese territory of Xinjiang, the H&M Group the world’s second-largest [...] » More

China ‘could start easing international travel restrictions by next spring’ if it hits coronavirus vaccination targets

07-Apr-2021 Intellasia | South China Morning Post | 5:02 AM

Chinese people may be able to start travelling overseas with fewer restrictions next spring as the country pushes to inoculate at least 70 per cent of the population against [...] » More

Japan should view China’s development with more positive mentality: Chinese FM

07-Apr-2021 Intellasia | Xinhua | 5:02 AM

Japan should view China’s development with a more positive mentality, said Chinese State Councilor and Foreign minister Wang Yi on Monday in a phone conversation with [...] » More

China to reach 739 million 5G subs by 2025: ABI Research

07-Apr-2021 Intellasia | RCRWireless | 5:02 AM

China is forecast to reach 739 million 5G subscribers by 2025, according to a recent study by ABI Research. This figure would represent nearly 40 percent of the global market [...] » More

Xiplomacy: Xi’s remarks on China’s poverty alleviation

07-Apr-2021 Intellasia | Xinhua | 5:02 AM

China on Tuesday released a white paper titled “Poverty Alleviation: China’s Experience and Contribution.” The report depicts China’s poverty [...] » More

China warns Japan to not follow suit after US sanctions over Xinjiang, HK

China warns Japan to not follow suit after US sanctions over Xinjiang, HK

07-Apr-2021 Intellasia | South China Morning Post | 5:02 AM

Chinese Foreign minister Wang Yi warned Japan against sanctioning China over alleged human rights abuses in Xinjiang and Hong Kong, ahead of a high-level meeting between [...] » More

China’s services sector recovery accelerates in March

07-Apr-2021 Intellasia | Reuters | 5:02 AM

A recovery in China’s services sector picked up speed in March as firms hired more workers and business optimism surged, although inflationary pressures remained, a [...] » More

Interview: Xinjiang cotton boycott aimed at curbing China’s development-Uzbek expert

07-Apr-2021 Intellasia | Xinhua | 5:02 AM

The Xinjiang cotton boycott instigated by some Western countries is part of their tactics to curb China’s development, a Uzbek political expert has said. In an [...] » More

China tests Biden with South China Sea tactic that misled Obama

07-Apr-2021 Intellasia | Bloomberg | 5:02 AM

Based on the official view from Beijing, the Philippines has no reason to worry about Chinese fishing boats sitting along a disputed reef in the South China Sea. The vessels [...] » More

Calls grow louder to boycott Beijing’s Olympics-and analysts warn of retaliation from China

Calls grow louder to boycott Beijing’s Olympics-and analysts warn of retaliation from China

07-Apr-2021 Intellasia | CNBC | 5:02 AM

Countries and companies outside China face rising pressure to boycott the Winter Olympics in Beijing next year, but China will not sit back idly in response, says political [...] » More