Page 5 - South Korea

LG Electronics announces appointment Hong Ju Jeon as MD for India business

South Korean consumer electronics major LG on Wednesday announced the appointment of Hong Ju Jeon as the Managing Director of its India business. Former managing director of LG Electronics India Young Lak Kim has been promoted to the position of Executive Vice President and will be joining as Korea Sales & Marketing Head, a company statement said. Before this, Jeon was in charge of the Gulf region as subsidiary President of LG, it added. Additionally, he held other senior positions at LG Electronics as managing director of Iraq, Jordan, Lebanon and Syria subsidiaries. "India is a growing economy and is an interesting market with vast demographics therefore, we aim to further strengthen our consumer base by introducing a product portfolio that is developed basis the insights of the consumers," Jeon said. LG Electronics India, a wholly-owned subsidiary of LG Electronics, South Korea, was established in January 1997. It operates in consumer electronics, home appliances, HVAC, IT ...

Three South Korean EV battery maker's global market sinks in 2022

The market portion of LG Energy Solution fell to 12.3 percent from 19.6 percent during the period, with its global ranking dropping to third place from second

South Korea fines Tesla $2.2 million for EV range exaggeration: Report

The driving range of the American EV manufacturer's cars plunge in cold weather by up to 50.5% versus how they are advertised online, the KFTC said in a statement on Tuesday

Samsung veteran sounds alarm on S Korea losing a global chip war

"We're in a chip war," said Yang Hyang-ja, who helped shape the 84-year-old conglomerate's present dominance in global memory chipmaking

S Korea to require pre-entry Covid testing for travelers from HK, Macao

South Korea will require a negative Covid-19 PCR test for arrivals from Hong Kong and Macao, in addition to the planned requirement for travelers from China

Tesla fined $2.2 mn in S Korea for alleged violations of advertising law

Tesla falsely promoted and exaggerated the driving range and charging speed of its electric cars as well as the estimated savings on fuel costs by using its vehicles

US not discussing joint nuclear exercises with South Korea: Prez Joe Biden

The United States is not discussing joint nuclear exercises with South Korea, President Joe Biden said Monday. No, Biden said when a reporter asked him if he was discussing joint nuclear exercises with South Korea right now. Biden arrived at the White House from his New Year vacation Monday night. With his negative response, Biden rejected a proposal in this regard by his South Korean counterpart, Yoon Suk Yeol. "The nuclear weapons belong to the United States, but planning, information sharing, exercises and training should be jointly conducted by South Korea and the United States," Yoon told The Chosun Ilbo newspaper in an interview.

South Korea begins Covid-19 testing for people arriving from China

Under the new restrictions which came into effect from Monday, all arrivals from China are obliged to undergo a PCR test within the first day of their entry

South Korea asks US to take up more active role in managing nuclear weapons

South Korean President Yoon said the strategy of "nuclear umbrella" or "extended deterrence" is no longer reassuring for the public now that North Korea has developed nuclear weapons

North Korea opens New Year with short-range ballistic missile launch

North Korea fired a short-range ballistic missile toward its eastern waters Sunday, entering 2023 with another weapons test after a record number of missile firings last year. South Korea's military detected the launch from the North's capital region around 2:50 a.m. Sunday, the Joint Chiefs of Staff said in a statement. It said the missile travelled about 400 kilometers (250 miles) before falling into the waters between the Korean Peninsula and Japan. The Joint Chiefs of Staff called the launch a grave provocation that hurts peace and security on the Korean Peninsula and around the world. It said South Korea closely monitors North Korean moves in coordination with the United States and maintains a readiness to deal with any provocations. The U.S. Indo-Pacific Command said in a statement that the launch highlights the destabilising impact of North Korea's unlawful weapons programs. It said U.S. commitments to the defense of South Korea and Japan remain ironclad. North Korea test-fi

North Korea fires unspecified ballistic missile into East Sea: South Korea

North Korea fired an "unspecified ballistic missile," just hours after South Korea conducted a test flight of a solid-fuel space launch vehicle, according to Yonhap News Agency

South Korea conducts test flight of solid-fuel space vehicle successfully

South Korea on Friday successfully conducted a test flight of a solid-fuel space launch vehicle, the defence ministry said, nine months after its first test of the homegrown rocket.

South Korea's unannounced missile launch causes UFO scare in Seoul

South Korea's military confirmed it test-fired a solid-fuelled rocket on Friday after its unannounced launch triggered brief public scare of a suspected UFO appearance or a North Korean missile launch. The Defence Ministry said in a statement that the rocket launch was part of its efforts to build a space-based surveillance capability and bolster its defence posture. It said it didn't notify the general public of the launch in advance because it involved sensitive military security issues. A twisty tendril of vapour in white-to-red ombre could be seen snaking behind a bright white light in parts of South Korea's sky on Friday evening. South Korean social media and internet sites were abuzz with messages by citizens who said they saw a soaring object, rainbow-coloured vapour trail or other mysterious lights. Some also posted photos and videos. What is this? Is this a UFO? I'm scared, said one Twitter user. Another said they suspected it was a North Korean missile launch and worrie

South Korea's consumer price grows 5.1% y-o-y, hits 24-yr high: Govt data

The price of utility services gained 12.6 per cent on-year in 2022, as South Korea, which depends heavily on imports for its energy needs, was hit by soaring global prices of key resources

South Korea to pardon former leader Myung-bak Lee for corruption crimes

The South Korean government of President Yoon Suk Yeol said Tuesday it will grant a special pardon to ex-President Lee Myung-bak, who was sentenced to a 17-year prison term for a range of corruption crimes. The Justice Ministry said in a statement that Lee is among 1,373 convicts who will be pardoned Wednesday. It said it has decided to include some politicians, such as Lee, as part of efforts to promote a national unity. Lee, 81, was released from prison temporarily in June over health concerns. The CEO-turned-conservative hero had been convicted of taking bribes from big businesses including Samsung, embezzling funds from a company that he owned, and other corruption-related crimes before and during his presidency from 2008 to 2013. He was South Korea's first president with a business background and once symbolised the country's economic rise. He began his business career with an entry-level job at Hyundai Group's construction arm in the mid-1960s, before he rose to CEO of 10 ..

South Korea's leader calls for stealth drones to monitor North Korea

South Korea's president on Tuesday called for a stronger air defence and high-tech stealth drones to better monitor North Korea, a day after Seoul accused North Korea of flying five drones across the rivals' tense border for the first time in five years. South Korea's military fired warning shots and scrambled warplanes and attack helicopters in response Monday, but there has been no confirmation that any of the North Korean drones were shot down. That has raised a serious question about South Korea's air defence network at a time when tensions remain high over North Korea's torrid run of missile tests this year. We have a plan to create a military drone unit tasked with monitoring key military facilities in North Korea. But we'll advance the establishment of the drone unit as soon as possible because of yesterday's incident, President Yoon Suk Yeol said during a regular Cabinet Council meeting. We'll also introduce state-of-the art stealth drones and bolster our surveillance ...

Youth suicide rate up in South Korea; Covid-19 remains top reason of death

Youth suicide rate in S Korea increased in 2021 amid the Covid-19 pandemic to remain as their No. 1 cause of death, in yet another sign of a chronic problem that has plagued the country for years

South Korea fires warning shots after drones from North cross border

South Korea says it fired warning shots after North Korean drones violated the South's airspace. South Korea's Joint Chiefs of Staff said several unmanned North Korean drones crossed the inter-Korean border and were detected in the South's territory on Monday. It's the first time for North Korean drones to enter South Korean airspace since 2017. Monday's incident came three days after South Korea said North Korea test-launched two short-range ballistic missiles in its latest weapons tests.

South Korea's new Covid-19 cases fall below 30,000 due to fewer tests

The tally on Monday, which tends to be lower due to fewer tests over the weekend, is down by around 1,000 from a week ago

RT-PCR to be mandatory for passengers from 5 countries, says Mandaviya

Union Health Minister Mansukh Mandaviya on Saturday said RT-PCR test for the detection of COVID-19 would be made mandatory for passengers from China, Japan, South Korea, Singapore and Thailand for their travel to India. Any passenger from these countries found symptomatic or testing positive for coronavirus would be quarantined, he said. "Passengers from China, Japan, Singapore and Bangkok (Thailand) are being monitored through the 'Air Suvidha' portal," Mandaviya told reporters. In view of the pandemic situation, passengers of flights from China, Japan, South Korea, Singapore and Bangkok are required to upload their RT-PCR report in advance. Even after landing in India, they will undergo thermal screening, he said. "We have issued an order for them to be quarantined in the country if found positive or with fever," the minister said. With China and other countries witnessing a surge in Covid cases, Prime Minister Narendra Modi on Thursday cautioned against complacency, called for