Photo: Times Now
KIA Motors India Becomes KIA India Pvt Ltd With New Logo, Slogan
South Korean carmaker KIA has officially changed its Indian corporate name from KIA Motors India to KIA India Private Limited after securing permissions by the Ministry of Corporate Affairs. The company also changed its logo at its Andhra Pradesh manufacturing facility. Besides, it has introduced a new brand slogan: "Movement that inspires". While the company entered India back in 2019, it has now emerged as the fourth biggest automobile … read-more
Tags: South Korea, KIA Motors, KIA India, Ministry of Corporate Affairs, Andhra Pradesh
Courtesy: Hindustan Times
Photo: The Guardian
Japan Announces To Release Million Tonnes Treated Water Into Ocean
Japan government announced the release of more than a million tonnes of treated water from 2011-tsunami affected nuclear plant 'Fukushima' into the ocean. Japan scheduled this project a few years later and assured the treated water will be free from radioactive substances. But the local fishermen, South Korea opposed the decision and China called it 'extremely irresponsible.' The USA and the International Atomic Energy Agency (IAEA) have… read-more
Tags: Fukushima Nuclear Power Plant, Japan, IAEA, China, South Korea, Tsunami
Courtesy: NDTV
Photo: Tech Junkie
LG To Shut Its Smartphone Manufacturing Vertical; Cites Heavy Loss
South Korea-based electronic giant LG on April 5 announced its departure from the smartphone market, citing heavy loss. The company had earlier revealed of suffering $4.5 billion loss in the past six years. Interestingly, in the smartphone market, now led by Apple and Samsung, LG had become the third-largest player in 2013 due to its innovations. With the exit, LG aims to focus on electric vehicles, artificial intelligence and smart-homes.… read-more
Tags: LG, business, Smart Phone, South Korea
Courtesy: BBC
Photo: NME
BTS Declared As 2020's Most Tweeted About Musicians; Kanye West 2nd
K-pop sensation BTS has swept the board as 2020's most tweeted about musicians in the US for the fourth consecutive year. According to the Twitter survey, BTS ruled a whopping 6.7 billion tweets in 2020. Globally, maximum tweets about the boy band emanated from Twitter users in Indonesia and India, followed by South Korea. Succeeding BTS, rapper Kanye West, singer Beyonce, and Drake were ranked second, third, and fourth respectively.
Tags: BTS, K-POP, Twitter, Kanye West, Beyonce, Indonesia, India, South Korea
Courtesy: Wion News
Photo: The Korea Herald
Samsung Chief Imprisoned For 2.5 Years Over Corruption Charges
Samsung's vice-chairman and de facto chief Lee Jae-yong has been sentenced two-and-half-year jail after being convicted of a corruption scandal. The sentencing was a retrial-conclusion of corruption scandal regarding Lee and former South Korean President Park Geun-hye. Lee "actively provided bribes" in millions of dollars to Park in return of government favours, pronounced Seoul's Central District High Court. Meanwhile, experts believe Lee's… read-more
Tags: South Korea, Seoul, Lee Jae-yong, Park Geun-hye, Samsung
Courtesy: Money Control
Photo: CNN
South Korea Records More Deaths Than Births In 2020; Alarm Raised
South Korea, having world’s lowest birth rate, has recorded more deaths than births in the year 2020. Against the 2,75,800 births, the country recorded 3,07,764 deaths last year. Sensing the alarming figures, the government has launched several polices, including cash incentives, to tackle low birth rates. It has announced 2 million won cash bonus to every newborn till they turn one. Moreover, it plans to increase the incentive to 500,000 won… read-more
Tags: Low birth rates, South Korea, MOON JAE IN, Cash incentive, Deaths, Depopulation
Courtesy: BBC
Photo: Samsung Global Newsroom
COVID Blues: Samsung Records Decade-Low Shipment In 2020
Going by reports, the pandemic-stricken South Korean smartphone maker Samsung has sold the lowest number of handsets in 2020 during the last decade. The statistics show that the company's third-quarter end shipment stood at 189.4 million units and annual shipment might conclude around 270 million. However, the company is hopeful to increase sales as it prepares to launch 5G mobile phones in 2021 along with various other 'affordable' products… read-more
Tags: Samsung, South Korea, 2020, Covid-19 Effect, Sale Drop, Smartphone
Courtesy: Hindustan Times
Photo: The Times of Israel
US Sanctions Refrain Iran From Procuring Vaccine, Says Officials
As US sanctions on Iran remain, Irani officials have stated the vaccine-procurement process is hampered since they are unable to utilize the payment system. Reportedly, Iran had planned to deploy funds worth billions in won-denomination of South-Korean banks but was taken aback as the transaction has to be cleared by the US. Though the US had issued 'Office on Foreign Assets Control' license, Iran said it had 'little effect'.
Tags: USA, Iran, South Korea, Won, Coronavirus Vaccine
Courtesy: Hindustan Times
Photo: Vulture
South Korea: BTS Granted Temporary Exemption From Military Service
K-Pop band BTS have been temporarily exempted from the South Korea's mandatory military service until they attain age of 30 years. It was done through a legislation passed in the parliament on December 1. The Military Service Act has been amended for the band members, besides classical musicians and athletes, as they contribute to the economy and improve the country's cultural-status. However, the 7-member band have confirmed to serve… read-more
Tags: BTS, South Korea, Korean Pop, Military Service Act
Courtesy: The Indian Express
Photo: The Canberra Times
South Korea: Leader Of Sex Abuse Group Gets 40-Year Imprisonment
For running a South Korean online sex abuse group, Cho Ju-bin has been sentenced to 40-years of prison on November 26. The 25-year-old college graduate was the mastermind of a group, which harassed girls for sexual contents. The group posted sexual content on pay-to-view secretive chatrooms. Reportedly, out of 74 people exploited, 16 girls were underaged. The matter became a national controversy after five million people signed petitions for… read-more
Tags: South Korea, sexual harrasment, sexual abuse, Crime
Courtesy: BBC News
