South Korea


Biden appoints Kurt Campbell as Asia policy head

Biden appoints Kurt Campbell as Asia policy head

(ATF) US President-elect Biden has appointed Kurt Campbell as top official for Asia policy; picking a veteran of the Obama administration with extensive diplomatic experience in the region.Campbell, 63, was viewed as an architect of a “pivot to Asia” strategy under Obama, but his views on relations with China have …

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Hyundai Motor planning EV venture with Apple, papers say

Hyundai Motor Group planning EV venture with Apple, papers say

(ATF) Hyundai Motor and Apple plan to work together on autonomous electric vehicles, according to newspapers in Seoul. The companies plan to sign a partnership deal by March and start production around 2024 in the United States, Korea IT News reported on January 10.News that the two conglomerates were looking …

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WTO fails to reach deadline to stop overfishing 

WTO fails to reach deadline to stop overfishing 

GENEVA: World Trade Organization negotiators have failed to reach a deal by a year-end deadline to cut the subsidies that have helped decimate the world's fish stocks, but will try again next year, the chairman of the talks said on Monday.The failure is a significant blow to the world's fish …

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China needs to take its hydrogen game to a new level

China needs to take its hydrogen game to a new level

(ATF) A lot of news has broken recently about developing hydrogen to help displace the use of fossil fuels, including natural gas, the cleanest burning fossil fuel. However, it appears at this junction that the industry still has a long way to go to help the fuel address climate change …

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Australia and South Korea team up on rare earth production

Australia, Korea team up on rare earth project down under

(ATF) While big changes are happening with China's rare earth exports and prices, groups from Australia and South Korea are making moves on cooperation and production.According to news from Shanghai Nonferrous Metals Network (SMM) on November 17, China’s rare earth production giant, Southern Rare Earth, announced the latest listing price …

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Asian leaders may sign China-backed trade deal on Sunday

Asian leaders tipped to sign China-backed trade deal on Sunday

Southeast Asian leaders start meetings on Thursday that are expected to lead to an ambitious China-backed trade deal at a time the still uncertain election result in the United States leaves questions over its engagement in the region.Leaders of the 10-member Association of South East Asian Nations (ASEAN), China, Japan, …

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South Korean factory activity grows fastest in over two years

South Korean factory activity grows fastest in over two years

South Korea's factory activity expanded at the fastest pace in more than two years in October, a private-sector survey showed on Monday, as global demand picked up from its coronavirus slump.The IHS Markit purchasing managers' index (PMI) jumped to 51.2, from 49.8 in September, the first expansion in 10 months …

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Many central banks looking at digital currencies

Central banks develop digital currencies 

(ATF) The coronavirus has accelerated the world’s move away from cash. Now central banks are considering developing digital versions of the notes and coins in our wallets. Sweden and mainland China could well launch CBDCs – central bank digital currencies – during 2021.These are not cryptocurrencies or units used in …

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Samsung shares rise after Lee's death sparks hope of shake-up

Samsung shares rise after Lee's death sparks hope of shake-up

Shares in Samsung Electronics and affiliates rose on Monday after the death a day earlier of Chairman Lee Kun-hee sparked hopes for restructuring and stake sales, analysts said.Investors were betting that such measures would be needed to pay a hefty inheritance tax, estimated around 10 trillion won ($8.9 billion) for …

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Lee Kun-hee, the 'hermit king' of the Samsung empire 

Lee Kun-hee: 'Hermit king' of the Samsung empire

South Korea's richest and most powerful industrialist, Lee Kun-hee, turned Samsung Electronics into one of the world's biggest tech companies but lived a reclusive existence.Still, occasional pronouncements on business by the tycoon, who died at 78 on Sunday, reverberated through the country.When he inherited the chairmanship of the Samsung group …

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