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East Asia
[AJA Global Report] Movie Star Jackie Chan’s son detained in Beijing over drugs
The son of movie star Jackie Chan, Jaycee Chan, also known as Fang Zuming, and an award-winning Taiwanese actor, Ko Chen-tung, were detained by Beijing police for drug-related offences. Over 100 grams of marijuana were found and both Chan and Ko confessed to using drugs. The police put Chan under…
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Central Asia
[AJA Global Report] Russian become easily travel to Korea by Visa-free entry
Russia and Korea getting closer Korea became closer to Russian from this year – visa-free entry allows a great number of people easily travel between these countries. Russians were free to visit Jeju island before, but now they could travel all over South Korea and Koreans, in turn, could visit…
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East Asia
S. Korean economy strong against global risks
By Joel Lee South Korea’s economy will stay firm against global financial risk factors with strong fundamentals in foreign currency loan and liquidity position, the nation’s integrated financial regulator Financial Supervisory Service (FSS) projected Thursday. Korea’s foreign exchange reserves is the world’s 7th largest, with a 29-months record streak of…
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tobechecked
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East Asia
S. Korean economy up 0.5 pct in Q2: BOK
By Joel Lee South Korea’s economy expanded a seasonally adjusted 0.5 percent in the second quarter (Q2) from the first (Q1), supported by manufacturing growth, revised data by the Bank of Korea (BOK) showed Thursday. The figure is slightly lower than the July estimate of 0.6 percent growth. Korea’s gross…
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East Asia
S. Korean conglomerates boost R&D spending, cut facility
By Joel Lee South Korea’s top conglomerates boosted spending on research and development (R&D) as a future growth strategy, while trimming down on capital investments in first half characterized by low consumer spending and exports. 167 listed non-financial firms belonging to the country’s 30 largest business groups poured 16.2 trillion…
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East Asia
S. Korea imports more European oil after EU-Korea FTA
By Joel Lee The amount of European crude oil shipments to South Korea has swelled over the last five years after the EU-Korea Free Trade Agreement (FTA), diversifying the channel of supplies to the country that survives on energy imports to cover its high industrial needs. European oil, near nil…
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East Asia
S. Korea dominates Vietnam’s foreign investment in Q2
By Joel Lee South Korea topped the FDI in Vietnam in first (Q1) and second (Q2) quarter of this year, with the number of relocating firms soaring in recent months, General Statistics Office of Vietnam (GSO) reports. Korea came on top at 31.23% with near $2.5 billion investment. Hong Kong…
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tobechecked
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East Asia
Samsung Heavy and Engineering to merge in succession move for new Lee heirs
By Joel Lee South Korean conglomerate Samsung Heavy Industries announced its plan on Monday to absorb Samsung Engineering in a $2.5 billion merger and acquisition process to be completed by Dec. 1. The stock exchange ratio has been set at 2.36 shares of Samsung Engineering per one Samsung Heavy…
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