Tag: South Korea

• Friday, March 10th 2017 - 07:33 UTC

  Korean constitutional court removes President Park; fears of street clashes

  

  In a historic, unanimous ruling on Friday, South Korea's Constitutional Court formally removed impeached President Park Geun-hye from office over a corruption scandal that has plunged the country into political turmoil and worsened an already-serious national divide.

• Friday, February 17th 2017 - 10:46 UTC

  Korea's Hanjin Shipping, world's seventh largest, goes down

  

  Hanjin Shipping used to be one of the world's top 10 shipping companies, but now it faces the final curtain. This Friday is the deadline for the firm to be declared bankrupt by a South Korean court after months of uncertainty. Hanjin's collapse is the largest to hit the shipping sector and it sent shockwaves through the industry.

• Friday, October 31st 2014 - 06:38 UTC

  Korea's largest shipbuilder announces record losses worse to come

  

  South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of 1.8 billion dollars and warned it's heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship orders.

• Tuesday, September 30th 2014 - 04:51 UTC

  South Korea constructing Bolivia's longest bridge to be delivered in 35 months

  

  South Korea's Hyundai-Byucksan consortium started construction of a bridge 1,440 meters long in eastern Bolivia, a span that will be the country's longest and will require an investment of 49.9 million dollars, some of which will come from a loan from Seoul.

• Tuesday, August 19th 2014 - 08:20 UTC

  South Korea was a feast, but more important China warmed up to Pope Francis

  

  Pope Francis ended his first official visit to Asia on Monday with a fresh overture to China and a call for reconciliation between South Korea and its totalitarian neighbor, North Korea. As the pope flew across Chinese airspace on his return flight to Rome, he sent a telegram — his second during the trip — to President Xi Jinping, expressing his “divine blessings” for the powerful leader and the Chinese people.

• Thursday, November 28th 2013 - 11:22 UTC

  Washington pledged support for Japan in dispute with China over islands

  

  The United States pledged support for ally Japan in a growing dispute with China over islands in the East China Sea and senior US administration officials accused Beijing of behavior that had unsettled its neighbors.

• Monday, April 1st 2013 - 09:05 UTC

  Unasur calls on all sides involved to ensure peace and security in the Korean peninsula

  

  The Union of South American Nations, Unasur expressed deep concern and called on all sides involved to ensure the preservation of peace and security in the Korean peninsula.

• Friday, February 22nd 2013 - 04:16 UTC

  Colombia signs free trade agreement with South Korea eliminating 96% of tariffs

  

  Colombia on Thursday signed a Free Trade Agreement (FTA) with South Korea in Seoul. The FTA includes a wide range of elements to boost bilateral trade and investment, according to the trade ministry.

• Monday, January 7th 2013 - 13:49 UTC

  Koreans again in love with US beef following aggressive campaign from industry

  

  Only four years ago 100.000 South Koreans lined the streets of Seoul to protest the return of US beef to Korea. Consumer confidence in US beef was at an all-time low to the extent that media outlets would not even accept paid ads promoting the products for fear of getting pulled into the protest backlash – instead joining the outrage by declaring US beef to be unsafe from BSE (bovine spongiform encephalopathy) or ‘mad cow’.

• Monday, October 1st 2012 - 22:18 UTC

  Shell contracts four dynamically positioned ultra-deepwater drill-ships

  

  Transocean Ltd. today announced on Monday it has been awarded 10-year contracts for four new build dynamically positioned ultra-deepwater drill-ships by Royal Dutch Shell (Shell).