South Korea


Korea's LG to be first big smartphone brand to withdraw from market

Korea's LG to be first big smartphone brand to withdraw from market

(ATF) South Korea's LG Electronics plans to wind down its loss-making mobile division after failing to find a buyer – the first major smartphone brand to completely withdraw from the market.Analysts says the decision will leave its 10% share of North American market, where it is the third most-popular brand, …

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More foreign firms suspend or cut ties with Myanmar military

More foreign companies suspend or cut ties with Myanmar military

(ATF) As any PR person will tell you, governments that slaughter their own citizens will struggle when it comes to doing business. Very few companies will tolerate being linked to gross human rights abuses, and that appears to be the case with the Tatmadaw – as the notorious Myanmar military …

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Aussie oil refinery closures could play into Beijing's hands

Aussie oil refinery closures could play into Beijing's hands

(ATF) Natural resource-rich Australia, the world’s largest producer of liquefied natural gas (LNG) and the largest coal and uranium exporter, has found itself in yet another energy bind.The country has experienced natural gas pains due to it exporting the fuel, while leaving little for its domestic market. This prompted a …

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North Koreans dismiss US outreach as a 'cheap trick'

North Koreans dismiss US outreach as a 'cheap trick'

(ATF) North Korea on March 17 decried US outreach as a “cheap trick”, saying it has no interest in dealing with a “hostile” Washington.Choe Son Hui, North Korea's first vice-minister of foreign affairs, on March 18 issued a statement rebuffing approaches by the new US administration.Her tirade came as US …

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Don't cause a stink, Kim Jong Un's sister warns US

Don't cause a stink, Kim Jong Un's sister warns US

(ATF) The powerful sister of North Korean leader Kim Jong Un has warned the US against creating a "gunpowder smell" in the region if it wants peace with the Pyongyang regime, state media said on March 16.The statement came a day before Antony Blinken, US Secretary of State, and Lloyd …

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Saudi Aramco, Hyundai Heavy ink blue hydrogen deal

Saudi Aramco, Hyundai Heavy ink blue hydrogen deal

(ATF) Both the world’s top oil exporter, Saudi Arabia, and the world’s third largest liquefied natural gas (LNG) importer, South Korea, have reached a deal to help reduce both countries’ carbon footprint and also further the global push for more clean hydrogen development.The memorandum of understanding (MoU) was reached on …

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GM teams up with Korea's LG to build second US battery plant

GM teams up with Korea's LG to build 2nd US battery plant

(ATF) US car giant General Motors said on March 4 it plans to build a second battery cell factory with South Korean partner LG, as the company shifts towards producing electric vehicles.GM recently announced it would stop selling most of its diesel or petrol engine cars by 2035, and last …

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Blinken heading to Japan, South Korea for first trip, reports say

Blinken heading to Japan, South Korea for first trip, reports say

(ATF) US Secretary of State Antony Blinken and newly appointed Defence secretary Lloyd Austin plan to visit Japan and South Korea this month for foreign policy and security talks, according to reports published on March 4.While State department spokesman Ned Price told Reuters he was not able to confirm the …

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Beijing trips on its misguided energy build-out policy

Beijing trips on its misguided energy build-out policy 

(ATF) Beijing has been caught in its own political cross-hairs. Last year, during the worst of the Covid-19 crisis, China approved a near-record number of new coal power plants to help numerous provincial governments weather the economic impact of the pandemic.However, seemingly in contradiction of that build-out mandate, which had …

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Korea launches $43-bn project to build world's biggest wind farm

Korea launches $43-bn project to build world's biggest wind farm

(ATF) South Korean President Moon Jae-in signed a $43-billion deal on Friday (Feb 5) to build the world's biggest offshore wind power complex. The move, part of his government's New Green Deal agenda is part of plans for the country to achieve carbon neutrality by 2050 – and phasing out …

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