• East Asia

    Hyosung, the one that brings the smiles back to Vietnamese citizens ‘Smile Searchers’

    Korean Companies for Asia (1) In Dong Nai, a province near Ho Chi Min City, Vietnam, a lot of people that are sick do not receive medical attention. In most cases, a simple cough medicine requires a day’s labor for them or that there is no money to commute going…

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  • East Asia

    South Korea and Canada to sign FTA

    By Joel Lee South Korea and Canada will sign a free trade agreement (FTA) on Tuesday, which would eliminate nearly all tariffs on the mutually agreed products for the next 10 years. As part of a state visit address in Ottawa on Sunday, South Korean President Park Geun-hye said the…

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  • East Asia

    China’s central bank cuts RP rate to spur growth

    By Joel Lee China’s central bank cut its repurchase agreement rate to the lowest level since Jan 2011 in a bid to counter the slower-than-expected growth. The People’s Bank of China (PBOC) announced Thursday it has sold 10 billion yuan ($1.6 billion) of 14-day contracts at 3.5 percent – a…

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  • Politics

    [AJA Global Report] Algeria’s relations with China and South Korea

    Over the past decade Algeria received growing interests by many Asian countries and its relations with China are hot topics of discussion for scholars and journalists. The Algeria-Korea relation will be the topic of this discussion in this article. This article aims to analyze the growing interest of East Asian…

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  • Business

    [AJA Global Report] Asian Alternative for Polish Apples

    The Russian embargo on Polish fruits and vegetables created great panic among Polish fruit farmers. Especially apple exporters are afraid of the new laws, that cause them to look for a new market for over 700 000 fruits. Even Polish government launched special campaign “Eat Polish Apples” trying to raise…

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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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  • 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

    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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  • East Asia

    Korea shipbuilding companies take the lead

    Korea’s shipbuilding companies reclaimed the number one spot beating China. As of 12, according to CLAKSONS Research, international research institution, said domestic shipbuilding companies’ amount of order is 1.399 million CGT (Compensated Gross Tonage) which exceeds the amount of order for Chinese companies (1.223 million CGT) An official from the…

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