Industries

Sales Of Eco-Friendly Vehicles In South Korea Up In January

Sales of eco-friendly vehicles in South Korea increased in January to 4,237 units, led by local carmaker Kia.

February 13, 2017 at 7:03 am

Harman International Shareholders To Vote On Samsung Merger Deal This Week

Shareholders of Harman International Industries Inc. will vote this week on the US$8 billion Samsung acquisition deal, according to industry insiders.

February 11, 2017 at 9:33 am

South Korea Culls 33 Million Poultry As Avian Influenza Ravage Continues

The South Korean government has ordered the culling of 33 million poultry in response to the worst outbreak of bird flu in the country.

February 11, 2017 at 9:34 am

South Korean Exports Up 72.8 Percent In The First 10 Days Of February

South Korean exports grew 72.8 percent in the first 10 days of February, signaling a sustained recovery in exports after two straight years of decline.

February 10, 2017 at 6:11 am

Korea Raises Its Foot-And-Mouth Disease Alert To Highest Level After Discovery Of New Strain

South Korea just raised its food and mouth disease alert status to the highest level after the discovery of a second strain of the disease was confirmed. The discovery was made three days after a first outbreak was reported. The new strain was discovered at a dairy farm in Yeoncheon which is less than 50 miles north of Seoul. This comes after an outbreak of the O-Type strain was confirmed in southeast Korea which prompted Korea to raise the highest alert level. Kim Kyeong-kyu, the deputy minister for food industry policy said that they are raising the alert level as foot and mouth disease cases occurred in different parts of the country while a second type of the disease has emerged. As a result, 826 cattle had been culled since Wednesday. It was in 2010 that South Korea raised their foot and mouth disease to the highest level when the country experienced its worst outbreak in history. Since the first outbreak in Monday, the government has already begun safety measures by providing nationwide vaccination and movement control that is designed to control the spread of the virus. Meanwhile, the country had re-vaccinated all the cattle against the O-type virus and will be inoculated again for the A-type strain. Oh Soon-min, a senior agriculture ministry official in charge of animal health said that the ministry may have to import vaccines from other manufacturers as Korea’s supply of the O+A type vaccine which allows livestock to be vaccinated by both strains at the same time is in short supply. As a safety pre-caution, Korea regularly inoculates its cattle and hogs against tree types of foot and mouth diseases. The country currently has around 3.14 million cattle and 10 million hogs nationwide. The agriculture ministry is thinking of vaccinating the hogs again since cases of the infection so far has only occurred to cattle.

February 10, 2017 at 6:12 am

Nissan Cheated On Their Emissions Test According To Court Ruling

Japanese automaker company lost a case it filed against the South Korean government. The lawsuit claims that Nissan sued South Korea's environment ministry last year after the ministry said that Nissan cheated on emissions of the Qashqai diesel model and fined the company 330 million won. A South Korean court meanwhile decided to side with the ministry and its accusation that Nissan used a defeat device in its Qashai.

February 11, 2017 at 9:34 am

Foreign Tobacco Companies Levied 300 billion In Taxes For Hoarding

Foreign tobacco firms Philip Morris Korea and British American Tobacco were levied by over 300 billion won in taxes for allegedly making profits by hoarding, government officials said.

February 10, 2017 at 6:13 am

South Korean Gov’t Takes Action to Address Rice Oversupply Problem

The South Korean government is taking action to address the problem of rice oversupply in the country with measures such as reducing rice cultivation areas among other things.

February 9, 2017 at 6:01 am

GM Korea Sets Domestic Sales Target of 194,000 Units for 2017

GM Korea Co. aims to sell 194,000 units in 2017, with the target to corner a 10 percent share of the Korean automobile market, says CEO James Kim.

February 9, 2017 at 6:02 am

KB Financial Group Posts 2.14 Trillion Won Net Profit in 2016

KB Financial Group posted 2.14 trillion won in net profit in 2016, the first time in five years that the group reached the 2 trillion won mark, according to the banking giant on Thursday.

February 9, 2017 at 6:02 am

Korean Baseball Players’ Average Salary Hits New All-Time High in 2017

The annual average salary of players in Korea's top baseball league jumped to a new record high in 2017, rising by almost 11 from the previous year, according to the Korea Baseball Organization.

February 7, 2017 at 6:20 am

Uber Hires Former NASA Researcher To Help Develop Air Transport System

Uber is currenty the top ridesharing app but already has plans for the future; specifically, the development of flying cars. Bloomberg reports that Uber has hired Mark Moore, a senior research engineer from NASA's Langley Research Center who will lead Uber's flying car development.

February 7, 2017 at 6:20 am

Grab Introduces Private Bus Service In Singapore, Other Countires In South East Asia To Follow

Uber and Grab are two of the top ridesharing apps and are constantly trying to gain the upper hand over the other. Uber's latest offering allows users in India to book cars for multiple trips which essentially allows users to have a private driver on standby. Grab on the other hand countered by launching their line of private busses.

February 7, 2017 at 6:19 am

Tesla's Massive Battery Facility Now Online, CEO Musk Believes There Is More To Come

Tesla has always been at the forefront of alternative sources of energy. Its latest effort for a better source of energy is their massive power storage facility at Southern California Edison's Mira Loma substation in Ontario California which is now up and running.

February 6, 2017 at 7:07 am

China Now Biggest Solar Energy Producer, Will Add More In The Coming Years

China has always had problems with pollution with its continued dependence on coal power. But that doesn't mean that the world's most populated country isn't doing anything about it.

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