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May 6, 2021

South Korea

China has ‘no other choice’ but to rely on coal power for now, official says

CNBC
CNBC – For more and to sign up click here A coal fired power plant in Jiayuguan, Gansu province, China, on Thursday, April 1, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — China has ambitious goals for cutting its carbon emissions, but it won’t be abandoning coal power......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

South Korea aims to fight Japan’s Fukushima decision at world tribunal

Reuters
SEOUL (Reuters) – South Korea’s president ordered officials on Wednesday to explore petitioning an international court over Japan’s decision to release contaminated water from its wrecked Fukushima nuclear plant into the sea, amid protests by fisheries and environmental groups. FILE PHOTO: South Korean President Moon Jae-in speaks at the National......

S.Korea aims to fight Japan’s Fukushima decision at world tribunal

Reuters
SEOUL (Reuters) -South Korean President Moon Jae-in ordered officials on Wednesday to explore petitioning an international court over Japan’s decision to release water from its Fukushima nuclear plant, his spokesman said, amid protests by fisheries and environmental groups. FILE PHOTO: South Korean President Moon Jae-in speaks at the National Assembly......

South Korea’s construction firm Hyundai Engineering prepares for IPO

Reuters
SEOUL (Reuters) – South Korean construction company Hyundai Engineering said on Tuesday it had reached out to brokerage firms at home and abroad for them to make bids to carry out the firm’s initial public offering (IPO). Hyundai Engineering, an affiliate of Hyundai Motor Group, engages in the civil and......

Samsung SDI to supply battery cells to EV startup Rivian

Reuters
FILE PHOTO: The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino (Reuters) – Electric vehicle startup Rivian, backed by Amazon.com Inc and Ford Motor Co, said on Monday that South Korean......

How Asia came to dominate chipmaking and what the U.S. wants to do about it

CNBC
CNBC – For more and to sign up click here A close up image of a CPU socket and motherboard laying on the table. Narumon Bowonkitwanchai | Moment | Getty Images GUANGZHOU, China — If you talk about chipmaking, two companies usually spring to mind — Taiwan’s TSMC and South......

South Korea to resume wider use of AstraZeneca coronavirus vaccine, exclude people under 30

Reuters
FILE PHOTO: South Korean senior citizens receive their first dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at a vaccination centre in Seoul, South Korea April 1, 2021. Chung Sung-Jun/Pool via REUTERS SEOUL (Reuters) – South Korean authorities said on Sunday they will move ahead with a second-quarter coronavirus vaccination......

Korean battery firms set to announce deal to resolve U.S. trade dispute – sources

Reuters
FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji/File Photo/File Photo/File Photo/File Photo WASHINGTON (Reuters) – Korean battery makers LG Chem and rival SK Innovation Co are expected to announce a settlement on Saturday in a trade......

Korean battery firms set to announce deal to resolve U.S. trade dispute – sources

Reuters
FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji/File Photo/File Photo/File Photo/File Photo WASHINGTON (Reuters) – Korean battery makers LG Chem and rival SK Innovation Co are expected to announce a settlement on Saturday in a trade......

South Korea’s SK Hynix near deal to supply auto chips to Germany’s Bosch – media

Reuters
FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – SK Hynix Inc, the world’s second-largest memory chip maker, is close to signing a long-term deal to provide automotive memory chips to German auto supplier......

Samsung Electronics says first-quarter profit likely rose 44%, matching expectations

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted U.S. output. FILE PHOTO: The......

Samsung Electronics says Q1 profit likely rose 44%, in line with analyst estimate

Reuters
SEOUL, April 7 (Reuters) – Samsung Electronics Co Ltd said on Wednesday first-quarter operating profit likely rose 44% on brisk sales of home appliances, smartphones and television sets, though chip earnings likely fell after a winter storm halted U.S. output. The South Korean technology giant forecast January-March profit of 9.3......

South Korea says considering all options including vaccine export curbs

Reuters
FILE PHOTO: Vials labelled “COVID-19 Coronavirus Vaccine” are placed on dry ice in this illustration taken, December 4, 2020. REUTERS/Dado Ruvic SEOUL (Reuters) – South Korean health authorities are considering all options to secure enough coronavirus vaccine supplies, a top vaccine official said on Tuesday in response to questions about......

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

Reuters
FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – South Korea’s third-largest conglomerate, SK Group, said on Tuesday it has agreed to acquire a 16.3% stake in Vietnam’s VinCommerce, a retail affiliate......

Kia will cancel two days of production next week in Georgia

Reuters
WASHINGTON, April 2 (Reuters) – Kia Motors said on Friday it will cancel two days of production next week at its assembly plant in the state of Georgia to address supply chain issues. The company said the two days without production will “allow time for the supply chain to stabilize......

Leaders of 23 countries back pandemic treaty idea for future emergencies

Reuters
FILE PHOTO: The word “COVID-19” is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS/Dado Ruvic/Illustration/File Photo BRUSSELS (Reuters) – Leaders of 23 countries and the World Health Organisation on Tuesday backed an idea to create an international treaty that would help the......

South Korea’s expert panel says J&J COVID-19 vaccine safe, effective for approval

Reuters
FILE PHOTO: A nurse draws from a vial of Johnson & Johnson coronavirus disease (COVID-19) vaccine, in Los Angeles, California, U.S., March 25, 2021. REUTERS/Lucy Nicholson SEOUL (Reuters) – A panel of South Korean advisers recommended a coronavirus vaccine from Johnson & Johnson was safe and effective, the food and......

Trial hearing postponed as Samsung heir Lee has fever after surgery: media

Reuters
FILE PHOTO: Samsung Group heir Jay Y. Lee arrives at a court in Seoul, South Korea, January 18, 2021. REUTERS/Kim Hong-Ji SEOUL (Reuters) – A court hearing in a trial involving Samsung Electronics vice chairman Jay Y. Lee has been postponed to April 22, court records showed, with South Korean......

North Korea carries out projectile launch, U.S. officials say

Reuters
WASHINGTON (Reuters) – North Korea has carried out a new projectile launch, U.S. officials told Reuters on Wednesday, without offering details on the number or kind of projectile detected. The Pentagon did not immediately respond to a request for comment. Reporting by Phil Stewart and Idrees Ali; Editing by Tom......

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