
China's fines e-commerce firms for irregular pricing
Jan 01, 2021 02:04 am UTC| Economy
Chinas market regulator had fined e-commerce giant JD, Alibaba Groups business-to-customer platform Tmall, and discount e-retailer Vip.com $76,650 each for irregular pricing. The State Administration for Market...

S. Korea posts 10.9 million 5G users in November
Jan 01, 2021 01:36 am UTC| Business Economy
South Korea registered 10.9 million users on fifth-generation (5G) wireless networks as of end-November, accounting for 15.5 percent of the total 70.5 million mobile subscriptions. According to data compiled by the...

PetroChina ensures sufficient gas supply during heating season
Dec 31, 2020 22:38 pm UTC| Economy
China National Petroleum Corporation (PetroChina) has maximized domestic gas production while ensuring sufficient gas imports during the cold snap. PetroChina, the countrys largest oil and gas producer by annual output,...

Robust export demand boosts China's factory activity in December
Dec 31, 2020 22:23 pm UTC| Economy
Chinas manufacturing activity expanded in December due to increased export demand, although it was hampered by higher labor and transport costs. While the countrys official manufacturing Purchasing Managers Index (PMI)...

Pandemic delays sale of Woori stake
Dec 31, 2020 20:37 pm UTC| Economy
South Koreas Financial Service Commission (FSC) blamed the high market volatility caused by the pandemic for the postponement of its sale of Korea Deposit Insurance Corp.s (KDIC) stake in the Woori Bank. The FSC, which...

S. Korea's 5G network faster by 33.91 Mbps in H2
Dec 31, 2020 20:29 pm UTC| Economy
The 5G download speed posted by South Koreas three major mobile carriers -- SK Telecom Co., KT Corp., and LG Uplus Corp. -- stood at 690.47 megabits per second (Mbps) in the second half of the year, up 33.91...

China and EU finalizing investment deal
Dec 31, 2020 20:13 pm UTC| Economy
The EU will get better access to the Chinese market and improve competition conditions after it finalizes a long-awaited business investment deal with China this week. The deal would open up Chinas manufacturing,...