Search Results for: Korean

AN INFLUX of big-brand café and convenience retail chains is whetting China’s appetite for sweet bakery, including in smaller cities. Brands are diversifying and moving upmarket, offering coffee and seating.

Take Beijing’s Beixinqiao, in the city’s older quarter, a busy intersection of residential blocks and a hub for restaurants and youth-focused fashion stores.…

THE HONG Kong Institute of Certified Public Accountants (HKICPA) has welcomed the launch by the Hong Kong government of proposals to reform the special administrative region’s regulatory regime for auditors of listed companies and other organisations.

There will be three months of consultation (ending September 20) on the proposals whose goal is enhancing the independence of Hong Kong’s audit regulators.…

AFTER in November 2013 Typhoon Haiyan (local name: Yolanda) smashed into the Philippines’ Visayas island chain, killing 6,000 people and destroying or damaging about 1 million homes, plus schools and other infrastructure, a lot of repainting and recoating was required.

However, while the country’s government spoke of committing some USD8 billion for reconstructing and rehabilitating the devastated areas, nine months on, few replacement housing units have been built, indeed some May local press reports suggest none at all have been constructed.…

A SUPERVISOR of an American company in Vietnam’s Binh Duong Province has told just-style how she saw demonstrations against foreign ownership of clothing and textile companies turn into ugly riots. But industry insiders in other Asian countries claim the resulting damage will not seriously deter future foreign investment.…

Foreign companies setting up production bases in Vietnam will have to take additional care when hiring staff because of a new labour law decree, a union official has told just-style.

Dr Tran Thi Thanh Ha from the labour relations department of the Vietnam General Confederation of Labour stressed that the new ‘Decree No 03/2014’, which came into force on March 15 (2014) would increase controls strengthened last year by another law (Decree No.…

The reorientation of South Korea’s steel plate makers towards clients making marine installations for offshore oil and gas companies might guarantee future business, but there is a risk of falling margins, a report has warned.

UK-based energy industry market researchers and consultants Douglas-Westwood has warned especially that such energy work can need eight to ten times less plate per USD of order value compared to conventional ships.…

THE INTERNATIONAL Trade Centre (ITC) and the Cambodian ministry of commerce are trying to revive Cambodia’s silk production sector, as the country is importing almost all its total 400 tonnes annual raw silk requirement.

Currently, only five tonnes of Cambodian silk, which is noteworthy because of its natural yellow colour, is produced in the country each year.…

At this year’s Vietnam Textile & Garment Industry Expo, which bills itself as “the biggest and the most important event in the textile and garment industry of Vietnam”, only 60 of the 502 companies exhibiting were Vietnamese. WTiN.com visited the show, in Ho Chi Minh City, last month noting that 283 exhibitors were Chinese companies, with fabric, accessories and machinery manufacturers of 22 other countries making up the rest.…

A FREE trade agreement signed between Canada and South Korea could see increased investment by the nuclear fuel hungry Korea in Canada’s abundant uranium resources.

The agreement – inked on March 11, and Canada’s first with an Asian country – lays down rules on how South Korean investments should be made in Canada, with a focus on boosting transparency and predictability, according to a note from the Canadian government Prime Minister’s Office (PMO).…

An official at the Korea Automobile Manufacturers Association (KAMA) has predicted to Steel First that the trade agreement struck between Canada and South Korea on Tuesday could increase demand for Korean-made steel.

The official, who had worked on the trade deal talks, explained that there were currently “no fixed plans” to create Korean car plants in Canada and also that any increased demand for Korean cars in Canada arising from the deal would probably not be met by the two Korean-owned plants in the USA (in Georgia and Alabama.)…