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.
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.
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
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.
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…)
Novo Nordisk certified as one of the Best Places to Work in Thailand
Novo Nordisk Thailand certified as one of the Best Places to Work. An exclusive interview with John Dawber, Vice President...
ASEAN and EU conclude the world’s first bloc-to-bloc Air Transport Agreement
The AE CATA is the world’s first bloc-to-bloc air transport agreement and will bolster connectivity and economic development among the...
Download 1xBet app and play all over the world
Whereas Singapore and The Philippines have lax gambling laws, Thailand has some of the strictest gambling laws in Southeast Asia....
Thailand confirms No Quarantine plan for Foreign Visitors under Phuket “Sandbox” Scheme
Phuket will be reopened to fully vaccinated international travellers without quarantine from 1 July, 2021, but ‘final’ official details are...
Thailand’s Prime Minister concerned over illegal gambling during Euro 2020
Police in Thailand is tasked with monitoring illegal gambling. Raids regularly take place resulting in fines and or jail time...