Korea

LG Electronics to shift TV production in Thailand to Vietnam

South Korea’s LG Electronics Inc, the world’s second largest television maker, will shift its TV production in Thailand to Vietnam this year for efficiency, logistics and costs, a top executive at its Thai unit said on Tuesday.

Published

5 years ago

May 12, 2016

Boris Sullivan

The group wants to have one regional base with new machines for TV production comparable with those at its South Korean plants, and considers Vietnam to be the best place, Nipon Wongsaengarunsri, marketing director of LG Electronics (Thailand) Co, told Reuters in a telephone interview.

“Our parent company has considered Vietnam as the most worthwhile country to invest in. Wages are one factor… but the main one is to ensure quality, as well as for logistics,” he said.

LG produces about 600,000 television sets a year in Thailand worth 8 billion baht ($243 million), with 100,000 sets for exports, Nipon said.

Source: LG Electronics to shift TV production in Thailand to Vietnam | Business | Thanh Nien Daily

Hong Kong

Hong Kong’s Star is Fading – Where Will Asia’s Next Financial Center Be?

Rising concerns over the interventionist policies of the Chinese government have led to Hong Kong losing its luster

Published

2 years ago

April 16, 2019

Chris Green

Not too long ago, it was universally agreed among the traders and bankers of the world that the city-state of Hong Kong was the place to do business in Asia.

(more…)

Korea

There Is Still Time to Develop a Solution to the North Korea Crisis

This isn’t the first time an unpleasant, hostile, and threatening government acquired weapons of mass destruction and the means to attack the United States.

Published

3 years ago

December 6, 2017

Headline Editor

North Korea conducted its highest missile test yet. So much for the Trump administration’s forlorn hope that Pyongyang’s two-month pause of missile tests indicated that the Kim regime was prepared to negotiate terms of surrender with Washington. (more…)

Korea

Singapore’s Ascendas-Singbridge Buys Seoul Office Tower for $92M

The acquisition by Ascendas Asset Management Co boosts the group’s assets under management in Korea to $590.8 million

Published

3 years ago

November 28, 2017

Daniel Lorenzzo

Singapore’s Ascendas-Singbridge is adding to its office acquisitions in South Korea by picking up a newly-completed, mid-rise office building in Seoul’s Gangnam district for S$124.3 million ($91.8 million). (more…)