South Korea

Saina, Kashyap, Sindhu advance in Korea Open

Parupalli-Kashyap-P-V-Sindhu-Saina-NehwaSeoul/New Delhi, Jan 9 : It was a good day in office for Indian shuttlers as Saina Nehwal, Parupalli Kashyap and P. V. Sindhu advanced to the second round of the $1 million Korea Open Super Series Premier in Seoul, Wednesday.

Saina, seeded third, came out on top in a tough 58-minute clash with Thailand's Sapsiree Taerattanachai 17-21, 21-9, 21-19 to advance to the women's singles pre-quarter-finals of the first and most expensive tournament of the season.

S. Korea okays restart of troubled nuclear reactor

/nuclear-reactor_Seoul, Jan 2 : South Korea has given the go-ahead to restart a nuclear reactor previously shut down for safety reasons, the country''s nuclear watchdog said Wednesday.

The Nuclear Safety and Security Commission said it approved the operation of the Unit 6 reactor at the Yeonggwang plant, located some 330 km southwest of Seoul, after safety checks.

Two reactors at the nuclear plant -- the Unit 5 and Unit 6 -- were forced to shut down in November after they were discovered to contain parts with forged quality and safety warranties.

Japan, China and South Korea to begin negotiations on trilateral FTA

Japan, China and South Korea to begin negotiations on trilateral FTAThe governments of Japan, China and South Korea will begin negotiations for a trilateral free trade agreement and discussions will begin next year.

Japan's minister for Economy, Trade and Industry Yukio Edano, Chinese Commerce Minister Chen Deming and South Korean Minister for Trade Bark Tae Ho came to an agreement to begin talks on free trade agreement during their meeting in Cambodia's capital. The development is a positive sign amid growing rift between Japan and China over disputed islands.

South Korea to hold consultations on storing nuclear waste

South Korea to hold consultations on storing nuclear wasteThe government of South Korea is planning to hold public consultations in order to address the issue of storing nuclear waste from its power plants.

Developed nations to double funding by 2015 for CBD

Developed nations to double funding by 2015 for CBDDeveloped nations have agreed to an new agreement in which aid to developing nations will be doubled by the year 2015 for funding on biodiversity.

Following rounds of intense negotiations, the developed nations have agreed to double aid to developing nations at the eleventh Conference of Parties (COP) to the Convention of Biological Diversity (CBD). The aid will help developing nations address biodiversity loss.

Samsung’s Galaxy Note II launched in India

samsungClose on the heels of announcing the release of the Galaxy Note II in South Korea on Wednesday, Samsung launched the second-generation smartphone-tablet hybrid in India on Thursday.

The Galaxy Note II phablet is the first Samsung device running the newest Android OS version – Android ‘Jelly Bean’ – and, according to the company, the device will hit the UK markets early next month; and the US by October-end. The phablet will be eventually rolled out in 128 countries via 260 carriers.

Hyundai to invest $130 mn in new plant in Mexico

Hyundai to invest $130 mn in new plant in MexicoMexico City, Aug 30 - South Korean automaker Hyundai Motors Company's Mexican unit said it planned to invest $130 million in a new plant that will manufacture aluminum auto parts in Tijuana, a border city in the northwestern state of Baja California.

The plant is expected to create 300 direct jobs and make up to 900,000 units of three new automotive products for different models sold in the US, Hyundai said.

Hyundai Translead chief Kenny Lee laid the cornerstone for the new plant, the automaker said.

South Korean Trade Surplus at $2.7 Billion

South Korean Trade Surplus at $2.7 BillionSouth Korean registered lower exports due to economic uncertainty in European markets. The trade surplus remained $2.76 billion for the July 2012 report.

The export figure during July was 8.8 per cent lower compared to same period last year. The imports were down by 5.4 per cent during the month.

The demand for automobile parts and display panels was higher during the period but the export figures for telecommunications industry witnessed a fall of nearly 25 per cent.

Police arrests two in South Korea for stealing details of 8 million mobile users

Police arrests two in South Korea for stealing details of 8 million mobile usersPolice have arrested two persons in South Korea for allegedly stealing personal details of about 8 million mobile phone subscribers and then selling the same information to marketing companies.

The case is one of the Asian country’s largest hacking scandals ever. The investigators said that the two men developed the hacking program and used it to steal names, residential registration numbers and phone numbers of customers of the country’s largest fixed-line telephone company and second largest mobile operator, KT.

Hyundai Motor posts operating profit

Hyundai Motor posts operating profitSeoul, July 26 - Hyundai Motor, South Korea's No. 1 automaker, posted 2.5 trillion won ($2.18 billion) in operating profit for the second quarter, a regulatory filing showed Thursday.

Consolidated operating profit, which includes profits from overseas affiliates, reached 2.5 trillion won during the April-June period, up 17.7 percent from a year earlier, according to the regulatory filing. From three months before, the profit expanded 9.6 percent, reported Xinhua.

LG Electronics posts operating profit

LG Electronics posts operating profitSeoul, July 25 -  LG Electronics, the world's third-largest mobile phone maker and the No. 2 TV manufacturer, posted 348.99 billion won ($304 million) in operating profit for the second quarter, a regulatory filing showed Wednesday.

Consolidated operating profit, which includes profits from its units, reached 348.99 billion won during the April-June period, up 120.55 percent from a year earlier, according to the regulatory filing. From three months before, the profit was down 22.13 percent, reported Xinhua.

Google facing inquiries in Argentina and South Korea

Google facing inquiries in Argentina and South KoreaInternet giant, Google has disclosed that it is facing inquires by authorities in Argentina and South Korea amid a global scrutiny of the company's competitive behavior and collection of private data.

Samsung dismisses reports of possible RIM takeover

South Korean electronics giant, Samsung Electronics has dismissed repots suggesting it will acquire Research In Motion (RIM), the maker of the popular BlackBerry family of smartphones.

The reports suggesting a possible buyout by Samsung resulted in a 8 percent increase share prices of Canada Based RIM. James Chung, a Seoul-based spokesman for Samsung pointed out that the company has never considered the possibility of acquiring RIM and there has been no contact between the firms.

M&M to showcase Ssangyong models in India

M&M to showcase Ssangyong models in India Auto major, Mahindra & Mahindra(M&M) is planning to showcase models manufactured by its Korean subsidiary Ssangyong at the Auto Expo next month in India. This will be the first time that Mahindra & Mahindra will display Ssangyong models to Indian customers. The models that will be displayed at the auto show in Delhi include sports utility vehicles Rexton and Korando. Both the models are expected to be launched in India soon.

Samsung files lawsuit against Apple in a German court

Samsung files lawsuit against Apple in a German court South Korean electronics giant, Samsung Electronics has filed a new lawsuit against Apple in a German court alleging that the American company has infringed upon four of its patents.

Samsung filed the claims with the Mannheim Regional Court in Germany on 16 December. The suits are linked to Samsung's telecommunications standard technology and user interface.

Samsung releases Galaxy Nexus smartphone

Samsung releases Galaxy Nexus smartphone South Korean Electronics giant, Samsung has unveiled its new Galaxy Nexus smartphone, which will be the first model to be powered by the latest version of Google's Android operating system dubbed, Ice Cream Sandwich.

The handset will directly aim to compete with the recently launched Apple iPhone 4S, which has already sold more than more than 4 million units. The smartphone as released at an event in Hong Kong on Wednesday.

Hyundai to begin export of ‘Eon’ from next year

Hyundai to begin export of ‘Eon’ from next year South Korean auto major, Hyundai Motor is planning to begin exporting its entry level compact car 'Eon' from India from next year, according to a company official. The company already exports cars that are manufactured at its Sriperumbudur facility near Chennai to more than 115 countries.

Samsung to develop newer version of Bada

Samsung to develop newer version of Bada South Korean Electronics giant, Samsung is working on the next version of its Bada mobile-phone operating system, according to a company official.

The company is looking to diversify the use of operating systems for its smartphones as it largely relies on Google's Android platform. Samsung had released the last version of the software in February offering mobile-payment support and other new features.

Government wants SAIL to join the Psoco project

Government wants SAIL to join the Psoco project The government wants the state-owned Steel Authority of India Ltd (SAIL) to partner South Korean steel giant, Posco in its proposed $12-billion steel plant in the Indian state of Orissa.

Mr Beni Prasad Verma, the Steel Minister informed Posco officials here on Wednesday that it wants SAIL to become a part of the project, which has faced severe hurdles and delays. Y. W. Yoon, Chairman and MD, Posco India Pvt Ltd has said that he will convey the government's intention to the board of Posco.

Samsung launches Premium Apps for Android app store in the UK

Samsung launches Premium Apps for Android app store in the UKSouth Korean electronics giant, Samsung has launches a new Premium Samsung Apps for Android app store offering paid apps for the customers in the UK.

The company's own-brand paid for app store will also offer in-bill charging to the UK customers. Zenonia, The Sims 3 HD, Need for Speed Shift HD and other such apps will be offered in the premium store.



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