Tony's Feed
Jul 15, 2015

Asia Inc looks to post-sanctions Iran for demand spurt

SEOUL/NEW DELHI (Reuters) – From steelmakers to construction firms, industrial companies in Asia hope an end to sanctions in Iran can provide a new source of sorely-needed demand.

South Korean steelmaker POSCO has been in touch with Iranian firms seeking to do business with it once sanctions are lifted, and Indian industrial conglomerate Larsen & Toubro is eyeing opportunities in oil and gas extraction projects following Tuesday’s nuclear deal.

Jun 19, 2015

South Korea MERS outbreak has ‘levelled off’; one new case

SEOUL, June 19 (Reuters) – An outbreak of Middle East
Respiratory Syndrome (MERS) in South Korea appears to have
levelled off, a health official said on Friday, as the country
reported just one new patient, a day after Thailand reported its
first case.

A total of 166 people have been infected in the South Korean
outbreak, the largest outside Saudi Arabia. It has been traced
to a 68-year-old man who returned from a business trip to the
Middle East in early May.

Jun 17, 2015

WHO says South Korea’s MERS outbreak ‘wake-up call’ as new cases reported

SEOUL/GENEVA, June 17 (Reuters) – The World Health
Organization (WHO) said on Wednesday South Korea’s outbreak of
Middle East Respiratory Syndrome (MERS) is a “wake-up call” but
does not constitute a global emergency, as the country reported
eight new cases.

A total of 162 people have been infected and 20 people have
died in South Korea’s MERS outbreak, which began last month and
is the largest outside Saudi Arabia.

Jun 7, 2015

South Korea to track cellphones to prevent MERS spread; 5th patient dies

SEOUL (Reuters) – South Korean authorities will track the cellphones of hundreds of people under quarantine to prevent the spread of Middle East Respiratory Syndrome (MERS) and reported a fifth death in the outbreak, with the number of infections rising to 64.

The government, criticised over its lack of transparency in handling the outbreak, bowed to public pressure on Sunday and identified 24 health facilities where infections took place or MERS patients visited.

Jun 4, 2015

South Korea reports third MERS death as alarm grows

SEOUL, June 5 (Reuters) – South Korea on Thursday confirmed
that a man who died a day earlier had been infected with Middle
East Respiratory Syndrome (MERS), the third fatality in a virus
outbreak that has caused growing alarm in the country.

The 82-year old South Korean, in hospital with asthma and
bacterial pneumonia, had shared a room with others infected with
MERS and died on Wednesday night, the health ministry said.

May 19, 2015

U.N. chief Ban Ki-moon to visit North Korea industrial zone

SEOUL (Reuters) – U.N. Secretary-General Ban Ki-moon said on Tuesday he will visit the Kaesong industrial complex just north of the inter-Korean border, which will make him the first U.N. chief to enter the isolated country in more than two decades.

The Kaesong industrial complex, a special economic zone a few kilometers north of the heavily fortified border, is jointly run by North and South Korea.

Apr 22, 2015

South Korea seeks bigger role in global arms bazaar

SEOUL, April 22 (Reuters) – When South Korean president Park
Geun-hye stopped off in Peru this week, her diplomatic tasks
included drumming up interest in her country’s home-grown light
fighter jets.

While Park did not come away with a new contract, state-run
Korea Aerospace Industries (KAI) is in the running
for a contract to supply Peru with 24 of its FA-50 fighter jets,
worth as much as $2 billion.

Apr 18, 2015

South Korea police clash with protesters over ferry disaster

SEOUL (Reuters) – South Korean police clashed on Saturday with thousands of protesters, blocking their way to the presidential palace where they hoped to press for more government action in response to a ferry disaster that claimed more than 300 lives a year ago.

The rally on the main ceremonial thoroughfare in downtown Seoul was organized by a group representing families of the victims. It was the largest in recent weeks as the country marked the first anniversary of the April 16 disaster.

Dec 10, 2014

Special no more? Holding Korean chaebol to higher account

SEOUL (Reuters) – The uproar that forced a Korean Air Lines executive to resign after delaying a flight because she was unhappy with the way nuts were served points to growing intolerance of corporate bad behavior in a country dominated by family conglomerates.

Public frustration has long simmered over a culture of impunity that saw bosses of corporate groups known as chaebol often evading jail time for more serious offences. Due to poor governance and stingy dividend payouts, shares of South Korean companies trade at discounts to peers elsewhere.

Nov 5, 2014

Insight – For India, China-backed lender may be answer to coal investment

NEW DELHI/SEOUL (Reuters) – India is hoping a new China-backed multilateral lender will fund coal-based energy projects, an official said, putting it in direct conflict with the World Bank, whose chief has maintained that it would stick to its restrictions on such lending.

A senior Indian official told Reuters the Asian Infrastructure Investment Bank (AIIB), sponsored by China, is expected to allow funding of coal-fired power plants that the World Bank has almost totally blocked.