Page 42 - South Korea

South Korean electric vehicle battery players eye global top spot

The 6.28 million-square-meter construction site, unveiled to South Korean media on Jan. 8, is where South Korean battery producer SK On Co. and Ford Motor Co. are building EV battery plants

S Korean leader cites threat from North's missile tests, nuclear ambition

North Korea's spike in missile tests, growing nuclear ambitions and other provocative acts pose a serious threat that could lead to a dangerous miscalculation and spark a wider conflict, South Korean President Yoon Suk Yeol said Tuesday. Speaking with The Associated Press at the presidential office in Seoul, the conservative leader reiterated his call for closer security cooperation with the United States and Japan to counter the dangerous situation being created by North Korea as he played down the prospect for direct negotiations like those pursued by his liberal predecessor. We've seen a miscalculation leading to serious wars many times in history, Yoon said, adding that the North's advancing nuclear arsenal poses a direct threat to the U.S. mainland as well as South Korea and nearby Japan. Much of the nearly hourlong interview focused on North Korea, which carried out a record number of missile tests last year and just weeks ago violated South Korean airspace by flying drones ..

S Korea's job additions hit 22-year high in 2022, 28.08 mn employed

"In 2022, the recovery of everyday life, the increase of activities and exports, and the rise in the demand for care services led to the overall increase in the number of people with jobs

China suspends visas for South Koreans in apparent retaliatory move

China suspended visas Tuesday for South Koreans to come to the country for tourism or business in apparent retaliation for COVID-19 testing requirements on Chinese travellers. A brief notice posted online by the Chinese Embassy in Seoul said the ban would apply until South Korea lifted its discriminatory measures on entrance by China to the country. No other details were given, although China has threatened to take retaliation against countries that require travellers from China to show a negative test result for COVID-19 taken within the previous 48 hours. China requires the same measures for travellers coming into the country. Beijing has been accused by the World Health Organisation of withholding data on the state of the outbreak in China.

S Korean President Yoon Suk-Yeol's approval rating rises to 40.9%

South Korean President Yoon Suk-yeol's approval rating rose 0.9 percentage points to 40.9 per cent last week, a weekly poll showed on Monday

China chips ban: Why US wants S Korea, Japan and the Netherlands on board

The US rolled out sweeping measures in October to limit the sale of advanced semiconductors and chipmaking equipment to China

Defunct US satellite could possibly fall on Korean Peninsula, its vicinity

The South Korean science ministry on Monday warned that a retired US satellite could possibly fall on the Korean Peninsula and its vicinity

S Korea to complete preparations for Level 4 autonomous car by 2024

South Korea will set up safety standards and an insurance system for the launch of Level 4 autonomous vehicles in the country by next year, the transport ministry said on Sunday

S Korean firm Mirae acquires industrial, warehousing asset in Maharashtra

South Korea's Mirae Asset Global Investments Co Ltd has acquired an industrial and warehousing asset at Bhiwandi in Maharashtra for Rs 130 crore. Anarock, one of the leading real estate consultants in the country, facilitated this deal. Mirae Asset Global Investments has done an outright acquisition of a pre-leased Grade A industrial asset at Bhiwandi, Mumbai Metropolitan Region (MMR) for Rs 130 crore, Anarock said in a statement. The industrial property, housed in a 160-acre integrated industrial park and spread over 9 acres, has been acquired from Prakhhyat Infraprojects. Junyoung Hong, Chief Business Officer - Mirae Asset Global Investments (India) Pvt Ltd, said this acquisition is perfectly aligned with the firm's vision of investing in top-grade commercial leased properties in India. "Mirae Assets Group is ramping up its global real estate portfolio and has earmarked USD 500 million to invest in leased Indian commercial assets, he added. With a total leasable area of over 3

Samsung profit tumbles by 69% in historic drop on chip price falls

The crisis in the memory chip market has been further exacerbated by US sanctions on some chip-related exports to China, hurting demand from some of Samsung's key clients

LG Electronics announces appointment Hong Ju Jeon as MD for India business

South Korean consumer electronics major LG on Wednesday announced the appointment of Hong Ju Jeon as the Managing Director of its India business. Former managing director of LG Electronics India Young Lak Kim has been promoted to the position of Executive Vice President and will be joining as Korea Sales & Marketing Head, a company statement said. Before this, Jeon was in charge of the Gulf region as subsidiary President of LG, it added. Additionally, he held other senior positions at LG Electronics as managing director of Iraq, Jordan, Lebanon and Syria subsidiaries. "India is a growing economy and is an interesting market with vast demographics therefore, we aim to further strengthen our consumer base by introducing a product portfolio that is developed basis the insights of the consumers," Jeon said. LG Electronics India, a wholly-owned subsidiary of LG Electronics, South Korea, was established in January 1997. It operates in consumer electronics, home appliances, HVAC, IT ...

Three South Korean EV battery maker's global market sinks in 2022

The market portion of LG Energy Solution fell to 12.3 percent from 19.6 percent during the period, with its global ranking dropping to third place from second

South Korea fines Tesla $2.2 million for EV range exaggeration: Report

The driving range of the American EV manufacturer's cars plunge in cold weather by up to 50.5% versus how they are advertised online, the KFTC said in a statement on Tuesday

Samsung veteran sounds alarm on S Korea losing a global chip war

"We're in a chip war," said Yang Hyang-ja, who helped shape the 84-year-old conglomerate's present dominance in global memory chipmaking

S Korea to require pre-entry Covid testing for travelers from HK, Macao

South Korea will require a negative Covid-19 PCR test for arrivals from Hong Kong and Macao, in addition to the planned requirement for travelers from China

Tesla fined $2.2 mn in S Korea for alleged violations of advertising law

Tesla falsely promoted and exaggerated the driving range and charging speed of its electric cars as well as the estimated savings on fuel costs by using its vehicles

US not discussing joint nuclear exercises with South Korea: Prez Joe Biden

The United States is not discussing joint nuclear exercises with South Korea, President Joe Biden said Monday. No, Biden said when a reporter asked him if he was discussing joint nuclear exercises with South Korea right now. Biden arrived at the White House from his New Year vacation Monday night. With his negative response, Biden rejected a proposal in this regard by his South Korean counterpart, Yoon Suk Yeol. "The nuclear weapons belong to the United States, but planning, information sharing, exercises and training should be jointly conducted by South Korea and the United States," Yoon told The Chosun Ilbo newspaper in an interview.

South Korea begins Covid-19 testing for people arriving from China

Under the new restrictions which came into effect from Monday, all arrivals from China are obliged to undergo a PCR test within the first day of their entry

South Korea asks US to take up more active role in managing nuclear weapons

South Korean President Yoon said the strategy of "nuclear umbrella" or "extended deterrence" is no longer reassuring for the public now that North Korea has developed nuclear weapons

North Korea opens New Year with short-range ballistic missile launch

North Korea fired a short-range ballistic missile toward its eastern waters Sunday, entering 2023 with another weapons test after a record number of missile firings last year. South Korea's military detected the launch from the North's capital region around 2:50 a.m. Sunday, the Joint Chiefs of Staff said in a statement. It said the missile travelled about 400 kilometers (250 miles) before falling into the waters between the Korean Peninsula and Japan. The Joint Chiefs of Staff called the launch a grave provocation that hurts peace and security on the Korean Peninsula and around the world. It said South Korea closely monitors North Korean moves in coordination with the United States and maintains a readiness to deal with any provocations. The U.S. Indo-Pacific Command said in a statement that the launch highlights the destabilising impact of North Korea's unlawful weapons programs. It said U.S. commitments to the defense of South Korea and Japan remain ironclad. North Korea test-fi