Search Results for: Korean

Saudi Arabia is pushing ahead with ambitious plans to build 16 nuclear reactors, both small and large, to generate 17GWe by 2040. While no tenders have yet been awarded, the kingdom is working with numerous international partners to develop its nuclear infrastructure and safety systems.…

JAPAN’S long-standing exposure to organised crime groups such as the Yakuza means that however effective the country’s anti-money laundering and combatting the financing of terrorism (AML/CFT) systems maybe, they will continue to face sophisticated challenges.

Despite enhanced criminal and civil legislation targeting Japan’s underworld groups, such as the February 2000 Act on the Punishment of Organised Crimes and the March 2007 Act on Prevention of Transfer of Criminal Proceeds (See part 4 at https://www.npa.go.jp/sosikihanzai/jafic/en/maneron_e/manetop_e.htm),…

WHILE Mongolia is a low-income country, with an annual per capita income of approximately USD3,590 in 2016 (said the World Bank), its economy is heavily reliant on mining, so increasing foreign investment in the sector is boosting the risk of dirty money entering the country.…

CONSUMERS do not like sales tax, and they are particularly sensitive to tax-based price increases when new taxes are introduced. So, it is maybe no surprise that personal care product sales in the Middle East have been dampened by the introduction of value added tax (VAT) in both Saudi Arabia and the United Arab Emirates (UAE) in January 2018, inflating beauty product prices.…

THE AUTOMOTIVE sector is a hotbed of growth for industrial performance materials like nonwovens. And the global market for such materials have the potential to cross the EUR2 billion mark soon, according to Germany-based Freudenberg Performance Materials Holding SE & Co KG.…

The trend to combine the brand power of cosmetics and food products, or ‘foodmetics’, has become prominent across global beauty markets, with consumers increasingly convinced about the strong connection between good food and beauty.

Consumers trust that healthy eating directly impacts their appearance, and this is opening up a range of possibilities for cosmetics manufacturers wanting to tap into the marketing power of using food ingredients.…

Consumers in the home of cosmetics, France, appear to be combining the long-established traditions of French-made products with the ultra-modern twist of Korea-inspired ‘K-beauty’ items in their latest personal care trends.

Traditionally, mention France and cosmetics in the same breath and an image of class and sophistication is brought to mind.…

Shinsegae Food, the baking unit of South Korea’s leading retail conglomerate Shinsegae Group, on October 30 in a filing to the KRX Korea Stock Exchange announced that it plans to invest South Korean Won KRW51.9 billion (USD46.6 million) boost its bakery output.…

With its history of currency counterfeiting, drug trafficking, proliferation of weapons of mass destruction (WMD) and the laundering of related proceeds and payments, there is surely no state worldwide that has a worse money laundering track record than that of the Democratic People’s Republic of Korea (DPRK, North Korea).…

Money laundering in South Korea (formally the Republic of Korea – RoK) has been associated by law enforcers with domestic criminals, official corruption and ethnic Koreans living abroad – which is not particularly unusual.

But, South Korea has an additional exposure to money laundering – its close and difficult relationship with the world’s most isolated pariah state – North Korea.…