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Keyword: southkorea

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  • Oil reserves released by Biden expected to primarily go to China, India

    11/24/2021 7:58:15 AM PST · by george76 · 55 replies
    FOX Business ^ | 11/24/2021 | Caitlin McFall
    U.S. taps 50 million barrels of oil from reserves in an attempt to tamper spiking costs at the gas pump.. resident Biden’s move to tap the U.S. Strategic Petroleum Reserve is expected to supply Chinese and Indian oil needs as gas demands have led to global shortages.. The White House said the Department of Energy will release 50 million barrels of oil held in U.S. reserves — 18 million of which have already been congressionally approved for sale. China and India have been actively purchasing U.S. sour crude oil produced in the Gulf of Mexico ... U.S.-produced sour crude oil...
  • Samsung Reportedly Picks This Tiny Town In Texas For A Massive $17 Billion Chip-Making Factory

    11/23/2021 9:48:46 AM PST · by blam · 36 replies
    Nation & State ^ | 11-23-2021
    WSJ reports Texas Gov. Greg Abbott is scheduled to make a major “economic announcement” on Tuesday at 5 pm local time concerning new plans for a massive semiconductor plant in Taylor, Texas. South Korean tech giant, Samsung Electronics Co., is doubling down in Texas with another facility, about 30 miles from its manufacturing hub in Austin. The new Taylor facility will cost a whopping $17 billion and create 1,800 jobs. Chip production wouldn’t start until the second half of 2024. WSJ said officials in Taylor incentivized Samsung by giving them “property-tax breaks of up to 92.5% for the first ten...
  • S Korea groans under US, China supply chain pressure ---- Washington leans heavily on Seoul’s flagship chip sector while Beijing halts exports of urea

    11/22/2021 7:58:57 PM PST · by elpadre · 19 replies ^ | November 22, 2021 | Andrew Salmon
    SEOUL – The middle ground between China and the United States is collapsing under South Korea’s feet as it is torn in opposite directions by the two giant economies it seeks to balance between. On the one hand, it is being “requested” to submit detailed information on its flagship industrial sector to the United States – which is also pressuring the country’s number-two memory chipmaker to halt shipments of advanced machinery to China. That move could halt an upgrade to a major DRAM fab, in a sector where large-scale capital investment is crucial. On the other hand, the country’s diesel...
  • Russian, Chinese warplanes briefly enter South Korean air defence zone

    11/19/2021 6:36:29 AM PST · by Army Air Corps · 8 replies
    AFP via MSN ^ | 19 November 2021 | AFP
    South Korea scrambled fighters on Friday as Russian and Chinese warplanes on a joint exercise briefly entered its air defence identification zone, military chiefs in Seoul said. However, "there was no invasion of airspace", the South Korean Joint Chiefs of Staff said in a statement. "Our military received a reply from the Chinese side that it was... normal training through the South Korea-China direct communication network."
  • Japan, South Korea pull out of news conference after talks with U.S.

    11/17/2021 7:51:13 PM PST · by ameribbean expat · 23 replies
    Deputy Secretary of State Wendy Sherman cited "some bilateral differences" between the two Asian allies of the U.S. "that are continuing to be resolved, unrelated to today's meeting" as the reason she appeared alone in front of reporters. Historical grievances between Japan and South Korea resurfaced in September, when a South Korean court ordered assets seized from Japanese industrial group Mitsubishi Heavy Industries to be sold as compensation for women forced to work for the company during World War II. Sherman and her counterparts, Choi Jong-kun of South Korea and Mori Takeo of Japan, discussed North Korea's nuclear program and...
  • From BTS to ‘Squid Game’: How South Korea Became a Cultural Juggernaut

    11/05/2021 9:44:12 AM PDT · by CondoleezzaProtege · 27 replies
    The New York Times ^ | Nov 3, 2021 | Choe Sang-Hun
    In the last few years alone, South Korea shocked the world with “Parasite,” the first foreign language film to win best picture at the Academy Awards. It has one of the biggest, if not the biggest, band in the world with BTS. Netflix has introduced 80 Korean movies and TV shows in the last few years, far more than it had imagined when it started its service in South Korea in 2016, according to the company. Three of the 10 most popular TV shows on Netflix as of Monday were South Korean. South Korea has long chafed at its lack...
  • Squid Game, Parasite and BTS – how 'Korean wave' has taken over the world

    11/02/2021 11:52:20 AM PDT · by CondoleezzaProtege · 36 replies
    Channel News Asia ^ | Oct 2021 | Tang See Kit
    For Netflix, Squid Game, which cost just US$21.4 million (S$29 million) to produce, has given it a subscriber boom, pushed up its share price and is set to create an outsized windfall of almost US$900 million. Media watchers said the global hit marked the latest, if not the biggest pop culture export so far from South Korea, whose TV shows, films and pop music have been making waves beyond the country for at least two decades. Notable K-drama hits over the years include Winter Sonata in the early 2000s...Idol groups like Girls’ Generation began breaking out of Asia by the...
  • S Korea test launches 1st domestically made space rocket

    10/21/2021 2:43:50 AM PDT · by blueplum · 2 replies
    AP ^ | 20 October 2021 | KIM TONG-HYUNG
    SEOUL, South Korea (AP) — South Korea test launched its first domestically produced space rocket on Thursday in what officials describe as an important step in the country’s pursuit of a satellite launch program. It wasn’t immediately clear whether the three-stage Nuri rocket succeeded in delivering a dummy payload – a 1.5-ton block of stainless steel and aluminum – into orbit 600 to 800 kilometers (372 to 497 miles) above Earth....
  • Arriving in fighter jet, S.Korea's Moon urges defence industry growth

    10/20/2021 1:45:00 AM PDT · by blueplum · 5 replies
    Reuters via msn ^ | 19 October 2021 | Josh Smith and Hyonhee Shin
    SEONGNAM, South Korea (Reuters) - South Korea should redouble its efforts to become a global defence industry leader, President Moon Jae-in told a military expo in the outskirts of Seoul on Wednesday, after landing at the site in an air force fighter jet. Clad in a flight suit, Moon arrived at the biennial Seoul International Aerospace & Defense Exhibition in the back seat of an FA-50 jet fighter, South Korea's first indigenous supersonic aircraft and a major defence export... ...At least 440 companies from 28 countries are participating in what organisers said was the largest ADEX ever. About 300 government,...
  • Jack Posobiec: Taiwan stuff heating up more than people realize. This isn't just posturing. There are top Chinese generals telling Xi they want the green light

    10/05/2021 7:00:43 PM PDT · by White Lives Matter · 78 replies
    Jack Posobiec on Twitter ^ | October 5, 2021 | Jack Posobiec
    Jack Posobiec @JackPosobiec ·1h Taiwan stuff heating up more than people realize This isn't just posturing There are top Chinese generals telling Xi they want the green light
  • South Korea looks to Germany for reunification pointers

    10/04/2021 12:54:13 AM PDT · by Olog-hai · 14 replies
    Deutsche Welle ^ | 10.03.2021 | Julian Ryall
    With just seven months left before he steps down as president of South Korea, Moon Jae-in and his government remain committed to their long-held dream of reuniting the two halves of the Korean Peninsula into a single nation. And, with Germany as one of the very few countries with recent experience of a similar amalgamation of two states, Unification Minister Lee In-young is traveling to Europe to discuss what can be learned from the events leading up to German reunification in 1990 and subsequent developments. Analysts suggest Moon and Lee have been “frustrated” by the failure to advance their agenda...
  • Why a hand gesture has South Korean companies on edge

    10/03/2021 9:03:13 PM PDT · by American Number 181269513 · 12 replies
    CNN Business ^ | October 3, 2021 | Jake Kwon
    It took three years for players to notice the "offensive" hand gesture lurking in one of South Korea's most popular multiplayer games. When players made their avatars laugh, talk or give the "OK" sign in "Lost Ark," they clicked an icon featuring a gesture that might have appeared benign to many: an index finger nearly touching a thumb. But some of "Lost Ark's" users began claiming in August that the gesture was a sexist insult against men, and they demanded its removal. What happened next underscores a trend in South Korea among anti-feminists, who have been increasingly pushing companies to...
  • Tokyo protests S. Korea court order to sell assets for WWII compensation

    09/28/2021 1:13:26 AM PDT · by blueplum · 19 replies
    AFP via msn ^ | 27 September 2021 | bur-cdl/slb
    A South Korean court has issued an unprecedented order for assets seized from Japan's Mitsubishi Heavy Industries to be sold to compensate World War II forced labourers, prompting Tokyo to protest on Tuesday. ...On Monday, the Daejeon District Court ruled that two patents and two trademarks held by Mitsubishi Heavy should be sold to compensate two female Korean plaintiffs in their 90s, according to South Korea's Yonhap News Agency....
  • Anti-China Sentiment and South Korea’s Presidential Race

    09/22/2021 3:32:16 AM PDT · by nickcarraway · 5 replies
    The Diplomat ^ | September 21, 2021 | Thomas Chan and Seong Hyeon Choi
    How will souring perceptions of China affect South Korea’s next election and its future foreign policy?As the March 2022 presidential election approaches in South Korea, the candidates of both ruling and opposing parties are competing over their platforms on various hot-button issues and promoting their prospects as the country’s next president. One of the biggest questions that the South Korean public has for these candidates concerns the shape of their foreign policy. South Korea’s position in Northeast Asia has experienced turbulence in the past two years. For example, North Korea destroyed the Joint Liaison Office in Panmunjom in June 2020...
  • Taliban Seeks Mining Cooperation With South Korea, China is Upset

    09/15/2021 9:25:59 PM PDT · by SeekAndFind · 7 replies
    Epoch Times ^ | 09/15/2021 | Winnie Han and Ellen Wan
    Afghanistan’s newly ensconced Taliban regime has been looking to China for major economic support, but the Taliban’s lithium-mining invitation to South Korea has displeased the Chinese Communist Party (CCP). To keep Beijing happy, the Taliban offered it copper mining rights.Enduring 20 years of war, Afghanistan is one of the poorest countries in the world. According to the World Bank, Afghanistan’s gross domestic product (GDP) in 2020 was $19.8 billion (compared to the United State’s $20.93 trillion), and its GDP per capita was only $508.8 (compared to United State’s $63,543.6). Former Afghan President Ashraf Ghani revealed last year that 90 percent...
  • Samsung Heir Is Getting Out of Jail Because of... the Chip Shortage?

    08/10/2021 12:43:53 AM PDT · by blueplum
    Gizmodo via msn ^ | 09 Aug 2021 | Victoria Song
    It was a huge deal when South Korea decided to convict Samsung heir Lee Jae-yong—also known as Jay Y. Lee in the west—for bribery in one of the most bizarre scandals in the country’s history. It was also massive when, after getting off easy in 2018, Lee was sent back to prison in January. Well, buckle up folks, because Lee is set to be released from prison... and it’s believed the global chip shortage may have been a factor.... ...The decision is a fraught one. Business leaders hope that Lee returning to his position will help Korea maintain its status...
  • South Korea to compensate nurse paralysed after COVID-19 shot

    08/08/2021 3:55:14 PM PDT · by SeekAndFind · 3 replies
    Reuters ^ | 08/06/2021 | Sangmi Cha
    For the first time in South Korea, a nursing assistant who was paralysed after receiving a COVID-19 vaccine was recognised as a victim of an industrial accident, making her eligible for government benefits and compensation. The nursing assistant, who has not been identified, received AstraZeneca's (AZN.L) shot on March 12 and later suffered from double vision and paralysis and was diagnosed with acute encephalomyelitis, the state-run Korea Workers' Compensation & Welfare Service said on Friday. The service said in a statement the woman did not have underlying conditions and there seemed to be a "a reasonable causal link between the...
  • Two delta-plus variant cases recorded in South Korea

    08/04/2021 6:35:08 AM PDT · by ChicagoConservative27 · 24 replies
    The Hill ^ | 08.04.2021 | Jordan Williams
    South Korea has recorded two new cases of the delta-plus variant of the coronavirus. The Korea Disease Control and Prevention Agency (KDCA) told Reuters that the first case was a man in his 40s with “no recent travel records.” Testing from 280 people who came in contact with the man found that only his son tested positive for COVID-19. However, it's unclear whether the son also had delta-plus
  • S.Korea on alert for new Delta Plus COVID-19 variant

    08/03/2021 7:20:58 PM PDT · by MNDude · 27 replies
    South Korea has detected its first two cases of the new Delta Plus COVID-19 variant, the Korea Disease Control and Prevention Agency (KDCA) said on Tuesday, as the country battles with its fourth wave of infections. The Delta Plus variant is a sub-lineage of the Delta variant first identified in India, and has acquired the spike protein mutation called K417N, which is also found in the Beta variant first identified in South Africa. read more Reports of Delta Plus cases have been few, and a handful of countries, including Britain, Portugal and India, have reported some cases. "The first case...
  • Covid: Seoul bans speedy songs in gyms to stop sweating

    07/12/2021 7:35:23 PM PDT · by Nextrush · 9 replies
    BBC News ^ | 7/12/2021 | BBC
    Gyms in South Korea's capital Seoul and its surrounding region have been told not to play music with a tempo higher than 120 beats per minute (bpm) in order to prevent the spread of COVID-19. Treadmills will be limited to a maximum of 6km/h (3.7 mph). A quick look at K-pop bpms suggests Blackjack fans might suffer a bit more than followers of BTS. South Korea is battling a new outbreak of the virus, with 1,100 new cases recorded on Sunday. Prime Minister Kim Boo-kyum warned on Friday that the country had reached "maximum crisis level". Those attending exercise classes...