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West Asia

Kuwait News Reports Ashraf Dali, 2014 Manhae Grand Prize Awardees

Kuwait’s newspaper Al-Rai reported Ashraf Dali who is a 2014 Manhae Grand Prize Awardees. Ashraf Dali, the president of the Asia Journalist Association (AJA) Middle East chapter was determined as one of the awardees of the Manhae Grand Prize 2014 in the field of arts and literature. Ashraf Dali (1963~)…
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West Asia

[AJA Global Report] Growing Distrust Between Poland and Russia

Growing Distrust Between Poland and Russia The Ukraine Crisis, Russian ban on Polish pork, energy and military security are just few conflict points in the Poland-Russia bilateral relations. Having its roots deep in both countries history, the growth of distrust between two countries and its societies seems to be unstoppable…
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West Asia

[AJA Global Report] Pride of Uzbekistan

Last Saturday (July 5th) Ravshan Irmatov, football referee from Uzbekistan, set up a record at the FIFA 2014 World Cup held in Brazil, reported Jahon information agency. Four-time Asian Football Confederation (AFC) “Referee of the Year” award winner Ravshan Irmatov officiated the quarter-final match between Netherlands and Costa Rica. He…
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East Asia

DAEWOO E&C’s operating profit increased

DAEWOO E&C’s operating profit is 222.5 billion won which is 2.2% increase. DAEWOO E&C’s operating profit for the first half year is over 200 billion won. As of 25th, according to statement of accounts for the first half year, the total sales of the company is 4.58 trillion won. Operating…
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East Asia

Pantech’s new opportunity

Three wireless/mobile service providers (SK Telecom, KT Corporation and LG Uplus) decided to delay Pantech’s repayment schedule for 2 years. This will help Pantech to earn some time to normalize its financial situation. Three providers released the press release together in 24th saying that they will postpone Pantech’s repayment schedule…
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East Asia

Oil money rushing into Korean stock market

Recently, oil money has been rushing into Korean stock market. According to Financial Supervisory Service as of 23, foreign investors bought 2.79 trillion won worth Korean stocks. They sold 3.18 trillion won worth stocks for the first quarter, but in the second quarter, they turned into net buyers by purchasing…
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East Asia

Hyundai Engineering and Construction Co. won new contract from Singapore firm

Hyundai Engineering and Construction Co. in 22th revealed that the company formed a consortium with other companies such as Samsung C&T and Japan’s Penta-Ocean Construction and won $775 million worth contract in Singapore. JTC Corporation, a Singapore’s public company, ordered this contract. This contract is a project about constructing a…
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East Asia

Demand for Korean cosmetics increases rapidly in Asia

Due to the popularity of Korean wave ‘Hallyu’ such as K-POP, cosmetics made in South Korea are selling very well. According to KOREA CUSTOMS SERVICE as of 22, monthly sales of cosmetics on June are $152 million which is the highest since January, 2000. By countries, China bought $44.8 million,…
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East Asia

Hana Financial Group done well in the first half

Hana Financial Group’s net profit for the first half year increased by 91.2 billion won or 17.6% increase compared to the same period in the last year. Hana Financial Group in 18th announced that its net profit for the second quarter is 417.4 billion won and the total net profit…
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East Asia

Korean Air heiress becomes Children’s book writer.

Cho, Hyun-Min, the executive vice president of Korean Air and Cho, Yang-ho (Hanjin Group chairman)’s daughter, published a children’s storybook on Wednesday. The book’s title is ‘Jini’s Dazzling World Adventure – Okinawa, Japan.’ The main character is Jini, a 12-year old girl who wants to be a flight attendant. She…
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