Page 6 - South Korea

South Korea weighs penalty against Tesla for exaggerating mileage

Tesla, on its website, says its Model 3 can travel 528 km (328 miles) on a single charge; the KFTC says however that the range may fall short of that should the temperature drop below freezing

Ex-US President Trump, former VP Pence speak at global forum in South Korea

Former US President Donald Trump has criticised the Biden administration over its handling of North Korea, at an event in South Korea that included as a guest speaker former Vice-President Mike Pence. Several former leaders and top officials participated virtually or in-person at the weekend event in Seoul jointly sponsored by the Cambodian government and the Universal Peace Federation, an organisation linked to the South Korea-based Unification Church, a religious group known for its mass weddings and global business and media interests. Pence, Cambodian Prime Minister Hun Sen and former UN Secretary-General Ban Ki-moon were among those who attended the event and spoke in person. Trump appeared in a recorded video message that was screened on Sunday at the forum. He alleged that a recent return to escalation that has seen North Korean leader Kim Jong Un launch missile tests would never have happened if I were president. He also urged North Korea not to undertake any actions that

S Korean government to create a fund to cope with supply chain challenges

The President said the government will make a list of raw materials and other items essential for 'economic security' purposes and manage them to protect local companies against shortages

South Korea to evacuate citizens from Ukraine amid looming tensions

A total of 281 Korean nationals, including diplomatic staff, are staying in Ukraine as of Monday, and about 100 reportedly plan to leave the nation by Tuesday

South Korea fines Netflix, Google over unfair paid subscription business

Along with the fine, a South Korean regulator ordered them to correct their business practices

Status quo not an option for Korean Peninsula: S Korean foreign minister

Maintaining that the status quo is not an option when it comes to the Korean Peninsula, said Chung Eui-yong, South Korea's Foreign Minister, while urging the North to quickly return to dialogue.

Top nuke envoys of S Korea, US, Japan meet over ways to engage with N Korea

The top nuclear negotiators of South Korea, Japan and the US met in Honolulu to discuss ways to restart dialogue with reclusive North Korea.

South Korea's outgoing president Moon Jae-in calls for US-North Korea talks

Moon has expressed concern over N Korea's expanding weapons program and the possibility it could resume nuclear and long-range missile tests that would revive fears of war in the region.

Google sues South Korean regulator to overturn $173 million fine

Google has filed a lawsuit against South Korea's antitrust regulator to overturn the regulator's decision to penalise the global technology giant for pressing smartphone makers into only using Android

Top headlines: India summons Korean envoy; Airtel Q3 net profit declines 3%

Business Standard brings you the top headlines on Tuesday

India summons South Korean envoy over Hyundai Pakistan post on Kashmir

This matter concerned India's territorial integrity on which there could be no compromise, says MEA on Hyundai Pakistan's social media post

S Korean FM expresses regret with Jaishankar on Hyundai Pak's post on J&K

This comes as India summoned the South Korean envoy over Hyundai Pakistan's social media post on Kashmir

UK, South Korea to sign deal to strengthen supply chains for key products

Monday's meeting is a precursor to formal trade negotiations, which are expected to begin later this year, to improve an existing agreement

Global stocks higher with China, Korea closed for Lunar New Year

Global stocks rose Monday following a big Wall Street gain at the start of a week when China, South Korea and Southeast Asian markets will close for the Lunar New Year holiday. London and Frankfurt opened higher. Tokyo and Hong Kong advanced while Sydney declined. Markets in China, South Korea and Taiwan were closed. Hong Kong and Southeast Asia were due to close later in the week. Wall Street's benchmark S&P 500 index rose 2.4% on Friday, breaking a three-week losing streak and giving major indexes their biggest gains this year. Investors have been rattled by the Federal Reserve's decision to try to cool inflation by accelerating plans to raise interest rates and wind down bond purchases and other stimulus that is boosting stock prices. Prospects of rising rates and shrinking global liquidity compressed within a much shorter time-frame brings with it appreciable risks of unsettling markets, Vishnu Varathan of Mizuho Bank said in a report. In early trading, the FTSE 100 in London

South Korean startup Zigbang acquires Samsung SDS' home IoT business

South Korean proptech startup Zigbang is acquiring Samsung SDS' home internet of things unit for an undisclosed sum

Covid-19 pandemic: South Korea's daily caseload hits record high

The recent resurgence was attributable to cluster infections in the Seoul metropolitan area amid the spread of the Omicron variant, which the health authorities said became a dominant strain here

LG Energy Solution jumps in debut to become S Korea's second-most valuable

LGES shares opened at 597,000 won versus an IPO price of 300,000 won. But the shares fell as much as 25% in early trading

S Korea's daily Covid count tops 8,000 for first time amid Omicron spread

The new record came amid the spread of the more transmissible but less deadly Omicron variant, which became dominant in the country last week

South Korea's GDP growth at 11-year high in 2021 as exports boom

Bank of Korea data on Tuesday showed GDP expanded 4.0% in 2021, as demand for exports soared

South Korea sets high of 8,000 new virus cases ahead of holiday

Omicron has become the dominant variant in many countries and more easily infects those who have been vaccinated or had COVID-19 previously.