Tuesday, February 27

South Korea

Samsung Objects to ACM’s Million-Dollar Fine
Business, News, South Korea, Tech

Samsung Objects to ACM’s Million-Dollar Fine

The regulator has announced that the electronics and tech group Samsung is objecting to a fine imposed by the Netherlands Authority for Consumers and Markets (ACM). The South Korean company was fined nearly 40 million euros last year for influencing the prices charged by stores for Samsung televisions, which made customers more expensive. ACM declares Samsung's objection to being unfounded. As a result, Samsung can now challenge the fine in court. Whether the company does this is currently unknown. In its appeal, Samsung argued, among other things, that it is incorrect that the company has continuously monitored sales prices. According to the competition watchdog, Samsung regularly determined online sales prices of Samsung televisions from seven retailers from January 2013 to...
At Least 25 Killed in Fire on South Korean Construction Site
News, South Korea

At Least 25 Killed in Fire on South Korean Construction Site

At least 25 construction workers have been killed in a fire at a construction site in Incheon, South Korea.   Based on sources, the Yonhap news agency reports to the fire department that there are at least seven injured. The fire broke out around 1:30 PM local time at a warehouse under construction. Authorities suspect that the basement fire started after an unexpected explosion when using urethane, a flammable substance used when installing insulation. "The fire appears to have spread quickly while the victims were unable to get to safety," said the fire brigade. Survivors are still being searched for in the disaster. Prime Minister Chung Sye-kyun has instructed the ministers of the Interior and Security, the fire brigade and the national police to use all means available.
Surprise Meeting Kim and Moon to Save Summit with the US
International, News, North Korea, South Korea, US

Surprise Meeting Kim and Moon to Save Summit with the US

North Korean leader Kim Jong-un and South Korean President Moon Jae-in have talked today about possible talks with US President Trump. The meeting follows after a turbulent week, in which Trump blew the summit in an open letter to Kim.   From the summit between Kim Jong-un and Moon Jae-in, moving images have been released, but without sound, reports eMedium. South Korea has announced that Moon and Kim have spoken for two hours in the demilitarised zone near the border. What the result of the talks between the leaders of the two Koreas, Moon is expected to announce tomorrow. Trump's spokesperson Sarah Huckabee Sanders said that an American preparation team would leave for Singapore this weekend as planned, "in case the summit continues". According to the American medium Politicobes...