Archive for September 17th, 2021

Hyundai-LG joint battery plant breaks ground in Indonesia

17-Sep-2021 Intellasia | Koreaherald | 5:02 AM

Hyundai Motor Group on Wednesday broke ground on a 10 gigawatt-hour battery cell production plant in Indonesia in cooperation with LG Energy Solution, joining the global race [...] » More

Human rights groups call for revising media bill

17-Sep-2021 Intellasia | Yonhap | 5:02 AM

Human Rights Watch and three other human rights organisations have sent a joint letter to President Moon Jae-in and the National Assembly calling for the revision of a media [...] » More

Korea’s public account turns to deficit in 2020 on COVID-19 spending

17-Sep-2021 Intellasia | Yonhap | 5:02 AM

South Korea’s public account surplus turned to deficit in 2020 as the government increased fiscal spending to cushion the impact of the COVID-19 pandemic, central bank [...] » More

OK Savings Bank’s ‘Pak Se-ri tournament’ to kick-off Friday

17-Sep-2021 Intellasia | Koreaherald | 5:02 AM

Female golfers will gather Friday to play in a Korea Ladies Professional Golf Association tournament hosted by OK Savings Bank, which returned this year after being canceled [...] » More

Moon says S. Korea’s SLBM development can be deterrent to N. Korean provocation: Cheong Wa Dae

17-Sep-2021 Intellasia | Yonhap | 5:02 AM

President Moon Jae-in said Wednesday that South Korea’s upgrading of its missile capabilities can help deter North Korean provocation. He was speaking to officials at [...] » More

Korea cuts wait time until second AstraZeneca COVID-19 shot to four weeks

17-Sep-2021 Intellasia | Koreaherald | 5:02 AM

South Korea is halving the minimum amount of time until a second dose of AstraZeneca’s COVID-19 vaccine to four weeks from eight weeks, in the hopes of accelerating the [...] » More

Korea Presidential Hopeful Warns of Housing Market Crash

17-Sep-2021 Intellasia | Bloomberg | 5:02 AM

South Korea’s leading opposition candidate warned of a potential collapse in the housing market and a spike in bankruptcies as interest rates rise, blaming President [...] » More

Overseas voters call for postal voting; ruling party seeks legislation

17-Sep-2021 Intellasia | Koreaherald | 5:02 AM

The ruling Democratic Party is seeking to revise election laws to allow South Korean expatriates to vote by mail, upon growing calls from overseas Koreans who want that [...] » More

Samsung signs partnership with Louvre for art subscription service on TV

17-Sep-2021 Intellasia | Yonhap | 5:02 AM

Samsung Electronics Co. said Thursday it has signed a partnership with the Louvre, the renowned art museum in Paris, to expand its art subscription service on TV amid the [...] » More

N Korea media for domestic audience keeps mum on Kim Yo-jong’s statement against Moon

17-Sep-2021 Intellasia | Yonhap | 5:02 AM

North Korea’s main newspaper, the Rodong Sinmun, and other media outlets targeted toward the domestic audience did not carry a statement by leader Kim Jong-un’s [...] » More

Consumer financing firms’ profit soars in H1 on stock rally

17-Sep-2021 Intellasia | Yonhap | 5:02 AM

Consumer financing firms in South Korea saw their combined net profit jump 50 percent on-year in the first half, supported by strong gains from stock rallies and a modest [...] » More

Trade between Seoul, London remains bullish on bilateral FTA

17-Sep-2021 Intellasia | Yonhap | 5:02 AM

South Korea’s trade ministry said Thursday it has been maintaining robust trade with Britain on the back of their free trade agreement (FTA), which was revamped earlier [...] » More

SK Innovation shareholders approve plan to split off battery business

17-Sep-2021 Intellasia | Reuters | 5:02 AM

SK Innovation Co Ltd (096770.KS) said on Thursday its shareholders had approved the company’s proposal to separate its battery business into a new company. The decision [...] » More

Kim Jong Un’s sister warns of ‘destruction’ of Korean ties

17-Sep-2021 Intellasia | AP | 5:02 AM

The powerful sister of North Korean leader Kim Jong Un on Wednesday criticised South Korea’s president and threatened a “complete destruction” of bilateral [...] » More

Banks’ loan delinquency rate rises in July

17-Sep-2021 Intellasia | Yonhap | 5:02 AM

The delinquency rate for South Korean banks’ won-denominated loans rose in July due to an increase in overdue corporate loans, the financial regulator said Thursday. [...] » More