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West Asia
Cairo airport free of cigarette smell thanks to Korean company
A South Korean company donated two cigarette smoke purifiers to Cairo International Airport on Tuesday 15th December. The Korean agency for promoting trade and investment announced that the Korean company “airtech21” held the ceremony for the donation event in Cairo’s international airport. The device is composed of a special colander to remove…
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Business
South Korea donations revive Honduras and Guatemala
South Korea’s government decided to send some humanitarian help to Honduras and Guatemala to help them deal with the disastrous effects of climate change. 15% of people in Honduras suffer from acute shortage of food and nutrients because of the worst drought to hit the country in 50 years. Guatemala has…
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Business
South Korea and Laos agree to work on hydropower project
South Korean Prime Minister Hwang Kyo-Ahn and his Lao counterpart, Thongsing Thammavong, agreed Monday to work closely on a hydro-power project in the Southeast Asian country, a South Korean official said. The two sides had planned to sign a deal on the development of Sepon III hydro-power plant at their…
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Business
Alibaba buys newspaper to ‘improve China’s image’
Chinese e-commerce giant Alibaba has confirmed that it’s agreed to buy Hong Kong English-language newspaper “South China Morning Post”, similar to Amazon CEO Jeff Bezos’s $250 million buyout of The Washington Post. The deal is worth just over HK$2 billion, or about $266 million, and includes other SCMP Group properties…
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Business
Hyundai Motors, most reliable company in the US
Hyundai Motors was chosen as the most reliable company in engine repair and the rates of engine repair cost in the American market. According to Yonhap news, the industrial sector reported that Hyundai came in the first spot from the top ten companies specializing in making cars, in being the most…
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West Asia
Saudi Arabia’s financial situation sparks attention
When Saudi Yasser Khalifa came up on “Non-Summit”, Korean entertainment program, to discuss the welfare of Saudi society, it instantly became a hot topic in South Korea. Khalifa talked of the economical situation of Saudi citizens, explaining that there more rich people than poor ones in Saudi Arabia. He explained…
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Business
Samsung’s chairman donates 20 billion won for youth fund
Lee Kun Hee, Samsung’s chairman, announced that he donated 20 billion won for “Hope for Youth” fund aiming to provide more job opportunities for youth. Some of Samsung’s executives and presidents are expected to donate 5 billion won to the fund as well. Lee Joon, head of communication team in…
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Business
China and Korea fight illegal fishing
Korean oceans and fisheries ministry announced that starting from Wednesday 21st of October, a joint campaign with China will take effect to investigate illegal fishing in exclusive economical regions. In that context, three executives from the Chinese government will board a Korean patrol boat, while three executives from the Korean…
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West Asia
Korean government awards S-oil executive manager and others
South Korean government awarded 53 foreign executives from international companies with investments that manage to promote local economy with golden medals. Among the executives was S-oil’s executive manager, Naser Al-Mahasher. The ministry of finance and industry organized a ceremony celebrating international companies for 2015 in Intercontinental Hotel in Seoul. Executive…
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Business
Deaton claims Nobel Prize in Economy
The Royal Swedish Academy of Sciences has awarded The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 to Angus Deaton of Princeton University, NJ, USA. Deaton claimed the award for his analysis of consumption, poverty, and welfare. To design economic policy that promotes welfare and reduces poverty, we must…
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