Page 7 - South Korea

Uber CEO says growth in South Korea promising despite 'underdog' status

Uber first entered the South Korean market in 2013, but pulled out due to regulations that only allow companies with taxi licenses to offer ride services

Court orders S Korea to specify plans to cut carbon emissions through 2049

South Korea's Constitutional Court on Thursday ordered the government to back its climate goals with more concrete plans for action through 2049, handing a partial victory to climate campaigners who say the country's failure to cut emissions faster amounts to a violation of their rights. The court, which weighs the constitutionality of laws, issued the assessment while ruling on four climate cases raised by 254 plaintiffs, including many young people who were children or teenagers when they began filing the complaints against the government and lawmakers in 2020. They argued that South Korea's current goal of cutting carbon emissions by 35 per cent from 2018 levels by 2030 is inadequate to manage the impact of climate change and that such objectives weren't backed by sufficient implementation plans. They also pointed out that the country has yet to establish plans to reduce carbon emissions after 2031, despite its outstanding goals of achieving carbon neutrality by 2050. The ...

South Korea's Prez pledges urgent reform of $830 bn public pension fund

Yoon said there had been a loss of confidence in the pension system across generations

South Korean lithium battery maker CEO arrested over deadly fire incident

Park Soon-kwan, the CEO of Aricell, which is majority owned by S-Connect, apologised after the fire

Hyundai Motor eyes 30% rise in sales by 2030 as it doubles hybrid lineup

The world's No. 3 automaker by sales, along with affiliate Kia Corp, announced its mid- to long-term goals and strategy at its CEO Investor Day

S Korea to ask Telegram, social media cos to help tackle digital sex crimes

For companies that don't have offices in South Korea, it wants to set up a face-to-face channel for regular consultation

Seoul welcomes Super 30 famed, Ambassador of Korean Tourism Anand Kumar

The function, where Kumar was felicitated took place at the Korea Tourism Organisation (KTO) headquarters in Segye-ro, Wonju-si, Gangwon State on August 23

South Korea police blames quality failure for fatal fire at battery maker

The Labour Ministry and police had sought arrest warrants for several executives including the CEO for alleged safety violations and negligence, officials said at a news conference

S Korean hotel fire kills 7, matters made worse by lack of sprinklers

A fire that killed seven people in a South Korean hotel was possibly made worse by the lack of sprinklers, fire officials said Friday, as they investigated the cause of the blaze. At least 12 people were being treated for injuries related to the fire that broke out Thursday evening at the nine-story property in the city of Bucheon, just west of the capital, Seoul. Officials say the fire didn't spread broadly after starting in an unoccupied room on the 8th floor. But with the room was unprotected by sprinklers and toxic smoke quickly filled the upper floors. Most of the victims were found in the rooms and hallways of the eighth and ninth floors. Lee Sang-don, an official with the Bucheon Fire Station, said the hotel, which was built in 2003, wasn't mandated to have a sprinkler system. While South Korea began requiring sprinklers on all buildings with more than six floors starting in 2017, the requirement wasn't retroactively applied to most older buildings, except for some medical ..

Local manufacturing will offer 25K cr annual opportunity for vendors: ICRA

Currently, India imports nearly 50 per cent of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others

US, S Korea begin military drills, N Korea says invasion rehearsal

US and South Korean troops kicked off a large-scale exercise Monday aimed at strengthening their combined defence capabilities against nuclear-armed North Korea, which again accused the allies of practicing an invasion. The annual summertime exercise comes amid heightened tensions on the Korean Peninsula as the pace of both North Korea's weapons demonstrations and the US-South Korea combined military exercises have intensified in a cycle of tit-for-tat. The exercise began hours after North Korea's Foreign Ministry issued a statement repeating the North's contention that such exercises are provocative war drills for aggression. It said the North's nuclear ambitions are thus justified, adding that it is crucial to "constantly maintain the balance of power for preventing a war by stockpiling the greatest deterrence. The United States and South Korea described their joint drills as defensive in nature and have been expanding and upgrading their training in recent years to cope with the

Samsung Electronics' main SK union to strike over pay from Thursday

Lee Hyun-kuk, vice president of the National Samsung Electronics Union (NSEU), said in a live YouTube broadcast: "This strike is strategically designed to damage the company."

Mercedes, BMW reveal names of EV battery makers amid fire fears in Korea

At a meeting Tuesday, the government said it planned to advise all EV makers to voluntarily disclose the names of battery suppliers

S Korea and US to start summer military drills next week to counter threats

South Korea and the United States will begin their annual joint military exercises next week with a focus on improving their combined capabilities to deter and defend against growing North Korean nuclear threats, the allies said Monday. The drills could trigger a belligerent response from North Korea, which portrays them as invasion rehearsals and have used the allies' military cooperation as a pretext to advance the development of nuclear weapons and missile systems. South Korean and US military officials said this year's Ulchi Freedom Shield exercise, scheduled for August 19-29, will include computer-simulated exercises designed to enhance readiness against such threats as missiles, GPS jamming and cyberattacks, and concurrent field maneuvers and live-fire exercises. The allies in particular aim to further strengthen (their) capability and posture to deter and defend against weapons of mass destruction, South Korea's Joint Chiefs of Staff said in a statement. The South Korean and

South Korea holds emergency meeting as EV fires raise consumer fear

Early this month, Kia Corp's electric crossover EV6 with South Korean battery maker SK On's batteries caught fire

Telangana CM secures over Rs 31,500 cr plans in US tour, leaves for S Korea

The pharma/life sciences sector saw fresh investments from nearly dozen American companies

North Korea has flown more trash balloons towards South Korea: Seoul

North Korea recently has flown more than 2,000 balloons carrying waste toward South in retaliation toward South civilian activists flying anti-Pyongyang propaganda leaflets

South Korea to require EV makers to disclose battery brands after fire

Automakers in South Korea currently need to disclose certain information about vehicles, including size and fuel efficiency

Nuclear weapons would fracture US ties: South Korean defence chief

The prospect of another term for former U.S. President Donald Trump, who complained about the cost of the U.S. military presence in South Korea and launched unprecedented talks with the North

Japan, South Korea, and UAE tourists can now avail visa-on-arrival in India

Visa-on-arrival is available at six designated airports: Bangalore, Chennai, Delhi, Hyderabad, Kolkata, and Mumbai