Two major reservoirs in northern Taiwan, Shimen and Feitsui, have seen an increase in water levels as a result of heavy rain associated with Typhoon Hinnamnor, relieving water shortage in the areas. Feitsui reservoir’s water level increased to 76.2 percent of its capacity, as of Sept. 1, accumulating 60 million tons of water sufficient for…
Taiwan’s Reservoir Water Levels Rise After Typhoon-Induced Rainfall
‘Super Strong’ Typhoon Hinnamnor Forecast to Hit South Korea
Typhoon Hinnamnor, which is deemed to be the strongest typhoon in South Korea’s history, is forecast to strike the country’s southern region next week, according to the state weather agency. The Korea Meteorological Administration (KMA) forecasts the typhoon’s atmospheric pressure to reach 950 hectopascals when it hits South Korea, with a maximum wind speed of…
South Korea Seeks International Cooperation Over US Inflation Reduction Act
August 30, 2022
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Asia & PacificBusiness & Marketseconomic policiesInflation Reduction ActInternationalSouth KoreaThe United StatesUSWorld
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South Korea said on Aug. 30 that it will pursue “international cooperation efforts” while seeking strategic negotiations with the United States over the recently enacted Inflation Reduction Act (IRA). President Joe Biden signed the IRA into law on Aug. 16, which requires electric vehicles (EVs) to be assembled in North America to qualify for tax…
South Korea Accuses United States of Discrimination Over Electric Vehicle Tax Credit, Considers Legal Action
The Inflation Reduction Act (IRA) has been the law of the land for less than two weeks, but it’s already harming relations between the United States and its allies. On Aug. 10, South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) sent a letter to the U.S. Trade Representative, stating that certain sections in the…
South Korea Signs $2.25 Billion Deal With Russian Nuclear Company
SEOUL—South Korea landed a 3 trillion won ($2.25 billion) contract with a Russian state-run nuclear energy company to provide components and construct a turbine building for Egypt’s first nuclear power plant, officials said Thursday. The South Koreans hailed the deal as a triumph for their nuclear power industry, although it made for awkward optics as…
Bodies of Two Children Found in Suitcases in New Zealand, Relative Believed to Be in South Korea
The remains of the two children, aged between five and ten, have been discovered in two suitcases bought at an auction in New Zealand, prompting a homicide investigation. A possible relative of two children, whose bodies were found on Aug. 11, is believed to be in South Korea, Seoul Police said, according to the Associated…
Park Outside: Fire Risk Prompts Hyundai, Kia Hitch Recalls
DETROIT—Hyundai and Kia are telling owners of some of their large SUVs to park them outdoors and away from buildings after a series of fires involving trailer hitch wiring. The Korean automakers are recalling more than 281,000 vehicles in the U.S. because of the problem, but they haven’t figured out how to fix it yet….
South Korea Holds First Policy Meeting on North Korean Human Rights in Over 2 Years
South Korea will hold an interagency government meeting on North Korea’s human rights policies for the first time in over two years, as President Yoon Suk-yeol seeks to address Pyongyang’s human rights issues. The meeting will be held on Aug. 25 and be presided over by Vice Unification Minister Kim Ki-woong. Officials from the ministries…
South Korean Lotte Conglomerate Shifts Focus to Vietnam After China Withdrawal
August 23, 2022
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyCompaniesLotte GroupLotte ShoppingSouth KoreaVietnamWorld
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South Korean conglomerate Lotte Group has shifted focus to Vietnam’s retail market after a decision to withdraw from China in 2017, following China’s retaliation against the company over the U.S. anti-missile system deployment in South Korea. The company is looking to make Vietnam its third-largest market after Korea and Japan. Lotte Group entered Vietnam in 1998 with…
South Korea Begins Largest Military Drills With US Amid North Korea’s Provocations
August 22, 2022
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Asia & PacificInternationalNorth KoreaSouth KoreaThe United StatesUlchi Freedom ShieldUSUS NewsWorld
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The United States and South Korea on Monday began their largest combined military drills to bolster a deterrence posture, after years of downsizing their annual drills for diplomatic reasons with North Korea. The drills known as Ulchi Freedom Shield (UFS) will last until Sept. 1, and comprise a computer-simulation command post exercise, field training, and…
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