US urged to block solar products from China's Xinjiang due to forced labor

Mar 17, 2021 00:04 am UTC| Economy

The largest US labor federation is calling for a ban on solar products importation from Chinas Xinjiang region over human rights concerns. The leader of the AFL-CIO, Richard Trumka, had written Secretary of State Antony...

S. Korean air shipments soar to $183 billion

Mar 16, 2021 23:57 pm UTC| Economy

South Koreas airfreight export deliveries reached $183 billion in 2020 to account for 36 percent of the countrys combined $512.5 billion exports last year, according to the data compiled by the Korea International Trade...

Japan orders record number of Taiwanese pineapples to counter China's ban

Mar 15, 2021 23:59 pm UTC| Economy

Japan has ordered a record number of 10,000 tons of Taiwanese pineapples after China suspended imports of the fruit on March 1 in an apparent attempt to squeeze its economy. Shunsuke Shirakawa, chairman of the Japan...

Central Banking Series

BOK to prop up S. Korea's modest economic recovery

Mar 11, 2021 23:44 pm UTC| Economy

The Bank of Korea (BOK) will continue monetary easing to prop up an expected modest recovery in South Koreas economy. According to the BOK, it will pay close attention to household debts and financial imbalances as...

S. Korea's exports from March 1 to 10 surge 25.2%

Mar 11, 2021 08:38 am UTC| Economy

South Korea exported goods worth US$16.3 billion in the March 1-10 period, jumping 25.2 percent from the $13 billion last year, mainly due to shipments of chips, according to the data from the Korea Customs...

S. Korean shipbuilders 56% of new orders in Feb.

Mar 10, 2021 23:19 pm UTC| Economy

South Korean shipbuilders won new orders of 43 ships or 1.56 million compensated gross tons (CGTs) to account for 56 percent of new orders in the global shipbuilding market in February. There were 92 ships or 2.82...

Electric Vehicle Series

Tesla adds $106 billion to market capitalization after shares surge almost 20%

Mar 10, 2021 08:05 am UTC| Economy

Tesla Inc shares soared nearly 20 percent on Tuesday, its largest daily gain in a year that added $106 billion to its market capitalization, due to increased China sales and improved ratings on the stock by New Street...