SEOUL, Nov 21 — In an upscale Seoul neighbourhood two years ago, a white Tesla Model X smashed into a parking lot wall. The criminal trial about to begin in South Korea hangs on questions about the safety of Tesla cars, at a time when the EV maker faces a range of lawsuits and increased scrutiny by regulators. A lawyer for the family of Yoon Hong-geun, who owned the car and died in the crash, declined to comment. Tesla sold 17,828 vehicles in South Korea in 2021, registration data shows. Judge Park Won-gyu said that he plans to call Tesla engineers to testify and that the safety of Tesla vehicles would be examined at trial.
The battlefield is full of KOLs to compete for state-of-the-art Philips Gaming Monitors made especially for gamers! Find out who will win the battle and obtain a Philips Gaming Monitor! Far from the known gaming stereotype, Evnia adds freshness, classiness, and elegance to the mixture. Philips monitors stand for excellent picture quality, and providing innovative solutions to problems people really care about. To reflect this Philips commitment, Philips has created the slogan: 'Innovation and You'.16 days ago Malay Mail
S&P 500 futures dipped 0.2 per cent, while Nasdaq futures NQc1 lost 0.3 per cent. Two-year yields edged up to 4.42 per cent, after diving as deep as 4.29 per cent on Friday. S&P 500 futures dipped 0.3 per cent and Nasdaq futures lost 0.5 per cent. EUROSTOXX 50 futures gained 0.4 per cent, while FTSE futures tacked on 0.1 per cent. The dollar index was up a fraction on Monday at 106.920, but still well short of last week’s 111.280 top.17 days ago Malay Mail
$7,500 tax credit for North American-built EVs - a sore spot for some leaders and ministers at the just-concluded G20 leaders summit. The move angered foreign governments and foreign-owned carmakers who say the change will disqualify a majority of their EV fleets from North American markets. South Korean President Yoon Suk-yeol also spoke to Biden about the issue during a bilateral meeting at the G20 summit, according to Yoon’s office. The Treasury is working to define the rules for some US$278 billion worth of tax credits on EVs, solar and wind power investments and a range of other technologies. While a number of countries have said the US tax credits likely violate World Trade Organization rules, none have sought to file a formal challenge.14 days ago Malay Mail
Juyeol Lee will remain President of Lockton Korea, working in conjunction with Ben and driving one of the key areas of the Korean business and various initiatives. Juyeol has been with Lockton Korea since 2001. "As we welcome Ben, Lockton Korea will embark on another phase of the company's journey," said Warren Merritt, CEO of Lockton Asia, "Ben will be leading our Korean business with continued focus on reinsurance and retail operations. "I am honoured and truly proud to be appointed to lead the team at Lockton Korea. said Ben Son, CEO of Lockton Korea.Hashtag: #LocktonAsiaAbout Lockton KoreaLockton Korea is a key member of the Asia operations of Lockton, a world-leading privately held insurance brokerage with 9,500+ associates doing business in over 125 countries, focusing primarily on clients' risk, insurance and people needs.1 month ago Malay Mail
A woman places a floral tribute near the scene of a crowd crush that happened during Halloween festivities, in Seoul November 1, 2022. — Reuters picKUALA LUMPUR, Nov 1 — Several Malaysians were caught up in the crowd crush that killed 155 people and injured scores more in Seoul on Saturday night. The national daily reported that among the crowd was 32-year-old Malaysian, Aziani Ashary, who managed to leave the area before the situation grew dangerous. “I went to Itaewon with a friend from the United Kingdom to witness the Halloween celebration on Saturday night. The day after the tragedy, Aziani visited Itaewon again to find the alley was still blocked off by authorities.1 month ago Malay Mail
The private sector survey was in line with an official PMI survey released yesterday that showed China's factory activity unexpectedly fell in October. South Korea's factory activity shrank for a fourth straight month in October as orders for exports fell for an eighth month, the PMI showed. That followed data that showed South Korea's exports fell the most in 26 months with shipments to China, its largest market, extending declines. Factory activity in Indonesia expanded at a slower pace in October with the PMI standing at 51.8, down from 53.7 in September. India was an outlier with factory activity expanding at a stronger pace in October as demand remained solid.1 month ago Malay Mail
President Yoon Suk-yeol declared a period of national mourning and designated Seoul’s popular Itaewon district a disaster zone after the Saturday night disaster. It was the first Halloween event in Seoul in three years to be virtually free of Covid-19 restrictions and social distancing. A street in Itaewon district is pictured full of people before a stampede during Halloween festivities killed and injured many in Seoul, South Korea, in this image released by Yonhap on October 30, 2022. A parent of a victim reacts at a community service center after a stampede during Halloween festivities in Seoul, South Korea, October 30, 2022. The sinking of the Sewol, and criticism of the official response, sent shockwaves across South Korea, prompting widespread soul-searching over safety measures in the country that are likely to be renewed in the wake of Saturday’s crush.1 month ago Malay Mail