-
South Asia
“Civil Aviation” Announces the Start of Preparations for the Launch of “Emerging Airports Conference and Exhibition
Launched Under the Auspices of Minister of Communication Issa Al-Kandari on October 20 to 21, 2015 The General Manager of the Directorate General of Civil Aviation, Engineer Yousef Sulaiman Al-Fawzan, announced the commencement of preparations for the launch of Emerging Airports Conference and the accompanying exhibition (EACE) – Kuwait…
Read More » -
East Asia
Indian PM Modi, President Park talk defense, economic ventures partnership
Indian Prime Minister, Narendra Modi arrived in South Korea on Monday, 18th May 2015, in an effort to strengthen the diplomatic ties between the two countries and deepen cooperation in defense sector as they signed seven agreements including on avoidance of double taxation. PM Modi, who had been on a…
Read More » -
Corruption probe expands to SK Innovation
SK Innovation, an energy unit of SK Group, will be the next target for the prosecution’s investigation into the failed “energy diplomacy” of the Lee Myung-bak administration. The Seoul Central District Prosecutors’ Office said Thursday they are looking into allegations that the company offered bribes to ranking government officials in…
Read More » -
Korea asked to invest more in mobile patents
Mobile technologies are delivering huge benefits to consumers in Korea, small- and medium-enterprises (SMEs) and the local economy as a whole. However, the government should be more aggressive and invest more in patents. The Boston Consulting Group (BCG) said in its latest analysis that incentivizing technology innovators through strong patent…
Read More » -
LG Uplus vows to lead 5G, IoT at new Yongsan office
LG Uplus’ new headquarters building in Yongsan, central Seoul. LG Uplus said Sunday it will shore up efforts to develop fifth-generation network and Internet of Things (IoT) technologies at its new headquarters in Yongsan. “LG Uplus has changed from the past when it was busy keeping up with other carriers…
Read More » -
Business
China’s Alibaba Committed to Help Empower Small Businesses in India
China’s e-commerce giant Alibaba’s executive chairman Jack Ma committed that would help empower small businesses in India, when he met with Indian Prime Minister Narendra Modi on Monday (March 30, 2015) in New Delhi. Modi also noted “Had a very good meeting with Jack Ma”. Modi reportedly is keen to…
Read More » -
Business
Global Use of the Renminbi is to Fall
Use of the renminbi in global payments fell in March. The Chinese currency broke into the top5 most used payments currencies last year, overtaking the Canadian and Australian dollars. But in February, renminbi use dropped to 1.8% of global payments from 2.2%, nudging it back down to 7th in the…
Read More » -
Chinese Property Developers Suffer Big Price War
Chinese property developers are forced to sacrifice profits to boost sales, as the downturn in the housing market saddles. Most of the record were listed steady rise in revenue, but sharp declines in profit for many are a symptom of aggressive price-cutting. Agile Property, increased 8% in 2014, but profits…
Read More » -
Business
Lenovo and Xiaomi Make New Friendship with Windows Phone
Microsoft has announced that it will develop smart devices with help of its Chinese friends-smart phone makers Lenovo and Xiaomi. It has been confirmed that Lenovo and Xiaomi had made commitment to run the latest version of Windows operating system. Lenovo is planning to launch Windows-based smartphones this summer according…
Read More » -
Business
3 Free-trade Zones Will Be Added in China
China is getting ready to build for three more free-trade zones. AFP(Shanghai) reported. On Tuesday, President Xi supported Politburo meeting to approve 3 new FTA zones in the southern province of Guangdong, eastern province of Fujian and northern city of Tianjin, depending on Xinhua. Guangdong FTZ(Free-trade Zones) is designed to…
Read More »