Search Results for: Korean

BY KEITH NUTHALL
THE EUROPEAN Commission has fined Ajinomoto Co. Inc. of Japan and South Korean companies Cheil Jedang Corp. and Daesang Corp respectively Euro 15.54 million, Euro 2.74 million and Euro 2.28 million each for participating in a price-fixing cartel in the flavour enhancer nucleotides.…

BY MARK ROWE
A SOUTH Korean firm has begun selling canned “clean air,” tapping into mounting environmental concerns about industrial and car pollution in the capital Seoul and other major cities. Officials at CJ Corp said that it was the first company to market natural air, as opposed to processed oxygen or perfumed air in South Korea.…

BY ALAN OSBORN AND PHILIP FINE

THE EUROPEAN Commission’s competition authority has cleared the purchase

by General Motors of a series of production and sales outlets of the South

Korean car manufacturer Daewoo.

GM is to acquire some of Daewoo’s production facilities for passenger cars

and light commercial vehicles in Korea and Vietnam together with sales

subsidiaries in Austria, the Benelux region, (Belgium, Netherlands and

Luxembourg), France, Germany, Italy, Spain and Switzerland.…

BY JONATHAN THOMSON
The European Parliament has accepted last year’s voluntary agreement between the European Commission and the European Automobile Manufacturers Association on pedestrian safety, so long as Brussels proposes a Framework Directive underpinning the deal with legal commitments.

The move is seen as a compromise between MEP’s opposing a detailed Directive laying down specific rules on car design and those in the European Parliament that do not trust carmakers to introduce measures to protecting pedestrians.…

BY MARK ROWE
DAEWOO Shipbuilding Marine Engineering Co, the world’s second largest shipbuilder, has won a US$426 million order so supply an oil and gas rig to Angola. The South Korean firm said it would build the rig in the west African state for US oil giant ChevronTexaco Corp by the end of 2003.…

Keith Nuthall
THE VOLUNTARY strategy on pedestrian safety design standards for motor vehicles adopted by the European Commission with the European, Japanese and South Korean auto manufacturers has been undermined by a key European Parliament committee, which has called for EU legislation on the subject.…

BY MARK ROWE
THE THAI government has imposed provisional anti-dumping duties between five and 25 per cent on hot and cold rolled steel products from Japan, Korea, Taiwan, Spain and Germany, launching a definitive duty inquiry. Preliminary investigations by a government committee concluded that hot-rolled steel in sheets and coils, cold-rolled steel in coils, coated steel and stainless steel from these countries were being dumped in Thailand.…

BY MARK ROWE
THE INTERNATIONAL Atomic Energy Agency has made its first visit to a nuclear establishment in North Korea since 1994, when the isolationist Asian state withdrew its membership of the agency.

The visit is understood to have been facilitated by the North Koreans’ desire to move ahead with their stalled plans for the development of two light water nuclear reactors.…

BY MARK ROWE
THE THAI government has imposed provisional anti-dumping duties between five and 25 per cent on hot and cold rolled steel products from Japan, Korea, Taiwan, Spain and Germany, launching a definitive duty inquiry. Preliminary investigations by a government committee concluded that hot-rolled steel in sheets and coils, cold-rolled steel in coils, coated steel and stainless steel from these countries were being dumped in Thailand.…

BY KEITH NUTHALL
THE UNITED States has lost a disputes panel case at the World Trade Organisation over definitive safeguard duties that it had imposed on imports of circular welded carbon quality line pipe from South Korea.

Although the panel rejected a number of South Korean complaints, it upheld enough of them to conclude that the US should “bring its safeguard measure into conformity with its WTO obligations.”…