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East Asia
POSCO to spend 1.1 tln won on fine dust reduction
POSCO, South Korea’s leading steelmaker, said Tuesday that it plans to spend some 1.1 trillion won (US$984 million) by 2021 to sharply reduce fine dust. Under the plan, some 700 billion won will be spent to remodel or newly build its 21 power-generating facilities for a sharp reduction of fine…
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East Asia
LG Uplus stresses 5G security amid Huawei concerns
LG Uplus Corp., South Korea’s third-largest mobile carrier, said Monday that it will step up security measures on its 5G network that uses Huawei’s equipment, addressing concerns over the Chinese telecom gear maker that’s facing possible bans around the world. LG Uplus CEO Ha Hyun-hoi tried to assuage concerns of…
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East Asia
N. Korean leader in Hanoi for talks with Trump
North Korean leader Kim Jong-un checked into a Hanoi hotel Tuesday on the eve of his summit with U.S. President Donald Trump expected to focus on trading his nuclear program for economic and political rewards. A bulletproof Mercedes S600 Pullman Guard carrying Kim arrived at the five-star Melia hotel in…
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East Asia
S. Koreans traveling more but spending less
South Koreans traveling overseas spent a record amount last year, but spending per person declined, central bank data showed Wednesday. The current account for last year showed travel expenditures of US$31.97 billion, the highest since recordkeeping began in 2006. Past figures show increases from $15 billion in 2009 to $20…
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East Asia
S. Korea to allow imports of medical cannabis starting in March
South Korea will allow imports of medical cannabis starting next month, health authorities said Tuesday, as part of efforts to provide more treatment options for patients with rare diseases. The Ministry of Food and Drug Safety said the National Assembly has passed a bill to amend a relevant law…
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East Asia
S. Korea ranks top in number of low-paid women workers
South Korea remained the top country where women workers face low wages, a report from the Organization for Economic Cooperation and Development (OECD) said Monday. Data from 2017 showed that 35.3 percent of female workers in South Korea were being paid low wages. Employees who were getting less than two-thirds…
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East Asia
(2nd LD) (US-NK summit) Kim’s train runs in inland China for summit with Trump
North Korean leader Kim Jong-un’s special train arrived in the central Chinese town of Changsha on Monday on its way to Vietnam for a summit with U.S. President Donald Trump later this week, a source said. The train arrived in Changsha of Hunan Province around 1:10 p.m. after passing through…
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East Asia
VR games emerging as ‘killer’ 5G content for telecom firms
Telecom companies here are increasingly utilizing virtual reality (VR) games as “killer” content to captivate customers and reap profits in preparation for the launch of full-scale fifth-generation (5G) network services, officials said Tuesday. SK Telecom, KT and LG Uplus, which sent the first 5G signal Dec. 1 using mobile routers,…
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East Asia
Samsung to release 5G foldable smartphones in Korea in May
Galaxy S10 to hit market on March 8 Samsung Electronics took the cover off its first foldable smartphone Galaxy Fold in a bid to take on Apple’s iPhone in the premium smartphone market, in San Francisco, Thursday (KST). The firm also unveiled four next-generation Galaxy S10 smartphones ― the S10e,…
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East Asia
Seoul Motor Show losing appeal among carmakers
Korea’s largest car exhibition, Seoul Motor Show, is losing support from carmakers and parts suppliers as the show is no longer effective for promoting their products or provide new experience to visitors, according to industry officials Wednesday. They also criticized the organizers for still being obsessed with the number of…
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