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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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East Asia
Accumulated earnings of Samsung and Hyundai Motors increased more than double.
Accumulated earnings of ten biggest conglomerates in Korea are doubled in 5 years. CEO SCORES, the website that evaluates company’s manageability, released the new report evaluating 10 biggest conglomerates and their 81 listed companies. The report stated that the total accumulated earnings of following companies were 515.9 trillion won. This…
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East Asia
Sharp increase in imported beer sales in Korea
The amount of imported beers in Korea of the first half of 2014 recorded the highest since 2000. According to KOREA CUSTOMS SERVICE as of 16th, the total amount of imported beers in Korea is 53,618 tons which is 29.2% higher than that of previous year. This means that about…
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East Asia
Young Korean monochrome painter to make debut in France
The 26-year-old young artist Hwang Young-soo was selected to participate in two major invitational art exhibitions later this year in France. Hwang will participate in the Salon des Indépendants at the Grand Palais and the Société Nationale des Beaux Arts at the Carrousel du Louvre in November and December respectively.…
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East Asia
[AJA Global Report] 510 thousand Hong Kong people participated in a demonstration
Latest Hong Kong News Roundup Massive crowds sang “Do you hear the people sing?” as they unfurled banners and posters proclaiming “Universal suffrage Go! Screening No!” in what could be the biggest July 1 handover anniversary protest march since 2003. Organizers Civil Human Rights Front claimed 510 thousand people turned…
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East Asia
[AJA Global Report] Russia and Korea: 150 years together
This year 130 years turned since establishing diplomatic relations between Russia and Korea and 150 years – since voluntary settlement of Korean to Russia. Russia is multinational country (more than 200 nations are living together), but even though contribution of “Koryo saram” (self-designation of Russian Koreans) is remarkable; they won…
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East Asia
[Asia Round-up] Life without Google: search engine alternatives
Google processes 100bn search requests a month, or about 3.3bn per day. It’s become such a dominant force in web search that its name has become a verb: people don’t “look up something online,” they “google it.” But there are other commercial alternatives out there, even beyond Yahoo and Microsoft’s…
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