Archive for May 1st, 2021

LG Electronics, Mirae Asset to launch W100b venture capital fund

01-May-2021 Intellasia | Koreaherald | 5:02 AM

LG Electronics Inc. said Friday it has joined hands with Mirae Asset Group, South Korea’s major financial service provider, to launch a venture capital fund worth 100 [...] » More

Moon’s approval rating hits record low of 29pct: Gallup

01-May-2021 Intellasia | Koreaherald | 5:02 AM

President Moon Jae-in’s approval rating dropped below 30 percent for the first time since his inauguration in May 2017, a Gallup Korea poll showed Friday. In its [...] » More

Number of foreign visitors dips 10.7pct in March

01-May-2021 Intellasia | Koreaherald | 5:02 AM

The number of foreign visitors to South Korea dropped nearly 11 percent in March from a year earlier amid the coronavirus pandemic, data showed Friday. A total of 74,604 [...] » More

S. Korea allowed to catch over 41,000 tonnes of fish in Russian EEZ this year

01-May-2021 Intellasia | Koreaherald | 5:02 AM

South Korea’s oceans ministry said Friday it has secured the right to catch 41,260 tonnes of fish in Russian waters this year, while fixing the fish fee unchanged for [...] » More

Industrial output grows for 2nd month in March amid recovery hopes

01-May-2021 Intellasia | Koreaherald | 5:02 AM

South Korea’s industrial output grew for the second straight month in March, data showed Friday, in the latest sign that Asia’s fourth-largest economy is on a [...] » More

Activist says he flew 500K leaflets across Koreas’ border

01-May-2021 Intellasia | AP | 5:02 AM

A South Korean activist said Friday he launched 500,000 propaganda leaflets by balloon into North Korea this week in defiance of a contentious new law that criminalises such [...] » More

Military chiefs of S. Korea, US, Japan vow to strengthen cooperation

01-May-2021 Intellasia | Koreaherald | 5:02 AM

The top uniformed officers of South Korea, the United States and Japan held talks in Hawaii and vowed to strengthen their trilateral cooperation amid concerns over North [...] » More

Korea to extend social distancing rules for another three weeks

01-May-2021 Intellasia | Koreaherald | 5:02 AM

South Korea has decided to extend the current social distancing measures and the ban on gatherings of more than five people for another three weeks. Currently, Level 2 is in [...] » More

Defector group sends propaganda leaflets into N. Korea in defiance of ban

01-May-2021 Intellasia | Koreaherald | 5:02 AM

A North Korean defector group claimed Friday it has sent anti-Pyongyang leaflets across the border in defiance of a ban enacted recently over concern such a leafleting [...] » More

New cases in 600s for 2nd day, virus curbs extended for 3 weeks

01-May-2021 Intellasia | Koreaherald | 5:02 AM

South Korea’s daily new virus cases remained in the 600s for the second day Friday as the country extended its social distancing measures against the coronavirus amid [...] » More

S. Korea calls for free movement of data at G-7 digital ministers meeting

01-May-2021 Intellasia | Koreaherald | 5:02 AM

South Korea called for the free movement of data to vitalise the digital economy on Thursday in this year’s Group of Seven (G-7) meeting of digital and technology [...] » More

Tokyo Olympics-bound Korean Athletes Relieved to Get Coronavirus Vaccines

01-May-2021 Intellasia | News18 | 5:02 AM

About 100 South Korean athletes and coaches travelling to Tokyo for the Olympics received their first doses of coronavirus vaccines on Thursday, as the country’s [...] » More

China removes VAT rebate on steel exports, cuts tax on raw material imports to zero

01-May-2021 Intellasia | Spglobal | 5:02 AM

China has announced the removal of VAT rebates on exports of 146 steel products from May 1, a move the market had been widely anticipating since February. Cold rolled steel [...] » More

China issues $8 billion subsidies for water conservation development

01-May-2021 Intellasia | Reuters | 5:02 AM

China’s ministry of finance said it issued 57.4 billion yuan ($8.87 billion) in subsidies for local water conservation development for 2021, a 3.1 percent increase from [...] » More

Ships, equipment in place to remove oil from stricken tanker in China

01-May-2021 Intellasia | Reuters | 5:02 AM

Ships and equipment needed to remove the remaining cargo from a stricken oil tanker near the Chinese port city of Qingdao are in place and work is expected to start later on [...] » More