A shortage of urea has shaken the entire South Korean society simply because of its heavy reliance on Chinese imports. In fact, there are 1,850 types of urea-like commodities that South Korea imports from China. South Korean society is becoming increasingly aware of the risk of a sudden shortage due to the country’s reliance on communist China…
Dependence on China for 1,850 Commodities Could Collapse South Korea at Any Time
South Korea to Allow Operation of Boeing 737 MAX Aircraft From Nov. 22
SEOUL—South Korea’s transport ministry said on Friday it will allow the operation of Boeing 737 MAX aircraft starting Nov. 22 after two deadly crashes in Indonesia and Ethiopia led to the plane’s grounding in March 2019. The Ministry of Land, Infrastructure, and Transport said in a statement that it had decided to allow the resumption…
China, Russia Bombers Hold Joint Patrol Over Sea of Japan
Chinese and Russian strategic bombers held a joint patrol in the Asia-Pacific region on Nov. 19, the third of its kind between the two countries, the Chinese and Russian defense ministries announced in a joint release. Two H-6K bombers from China and two Tu-95MC bombers from Russia were sent to carry out a joint patrol…
South Korean Tech Companies Double Down on US Investments, Shifting Away From China
November 19, 2021
admin
Asia & PacificBusiness & EconomyEconomieselectric vehicleglobal supply chainSouth Koreasupply chainWorld
0 Comment
Earlier this month, South Korea’s tech conglomerate SK Group announced plans to invest $52 billion in the United States. Experts suggest the group’s latest commitment signals South Korea’s big shift from the Chinese supply chain. On Oct. 31, South Korean President Moon Jae-in attended a global supply chain summit convened by U.S. President Joe Biden…
South Korea and Japan: Statesmanship and American Help Needed
Commentary For years, American diplomats and military leaders have been asking the South Koreans and the Japanese: “Can’t we all just get along?” The answer is no—at least according to Lee Jae-myung, the ruling Democratic Party’s candidate for next year’s South Korean presidential election. In a recent interview, he ruled out the possibility of a…
South Korea’s Debt Growth Projects Fastest Among Developed Countries, Citing Super Aging Population
November 11, 2021
admin
aging populationAsia & PacificBusiness & Economydebt-to-GDPEconomiesgovernment debtlow birth ratesSouth KoreaWorld
0 Comment
South Korea’s debt-to-GDP ratio is projected to grow at the fastest pace among the world’s 35 most advanced economies over the next five years, and its potential GDP growth rate from 2030 to 2060 is also projected to be the lowest among the 38 OECD member countries. According to the International Monetary Fund’s (IMF) latest…
South Korea Tests System for Controlling Air Taxis
SEOUL—South Korea demonstrated a system for controlling urban air mobility vehicles (UAM) on Thursday, which it hopes will serve as taxis between major airports and downtown Seoul as soon as 2025, cutting travel time by two-thirds. Last year, South Korea announced a roadmap to begin commercial urban air travel by 2025. The transport ministry estimates…
Australia Soon to Have Travel Bubbles With Japan, Korea: Prime Minister
Australia is considering two-way quarantine-free travel bubbles with Japan and South Korea, according to Prime Minister Scott Morrison. Morrison said the Australian government was working to establish travel bubbles with the two Asian countries after it had arranged a similar one with Singapore. “Singapore opens up on the 21st of November,” he told the Victorian…
Citigroup Expects up to $1.5 Billion Charge From South Korea Retail Banking Exit
Citigroup Inc. said on Monday it expects to take a cash charge of nearly $1.2 billion to $1.5 billion related to the closure of its consumer banking business in South Korea. The bank had announced its plan to exit consumer businesses in 13 markets in Asia and EMEA (Europe, Middle East, and Africa), where it…
Google to Allow Third Party App Payments for First Time in South Korea
SEOUL—Alphabet’s Google said on Thursday it plans to allow third-party payment systems in South Korea to comply with a new law, marking the first time the U.S. tech giant has amended its payment policy for a specific country. Google’s announcement comes after a Korea Communications Commission’s (KCC) request for Google and Apple Inc. to come…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta