Samsung workers in South Korea stage their first-ever strike, organized by the Nationwide Samsung Electronics Union (NSEU) due to failed negotiations over pay and bonuses, impacting nearly a quarter of the company's workforce and coinciding with a strategic day off.
Asia/Pacific
US Sanctions Several Firms in Hong Kong, UAE for Involvement in Russian Gold Trade
The US has imposed sanctions on several companies based in Hong Kong and the UAE for involvement in the trade of gold produced by a sanctioned Russian miner.
Two Texan Men Get More Than 3 Years in Prison for Conspiracy to Sell Iranian Oil to China
Two Texas men were sentenced to 45 months in prison for trying to sell Iranian oil to a refinery in China in violation of US sanctions.
US Bans Imports From 3 More Chinese Companies Tied to Uyghur Forced Labor
The US has added three more firms to a list that blocked imports from companies that are allegedly linked to Uyghur forced laborers in China.
OCBC Bank to Bolster Corporate Banking with Expanded Software Engineering Team in Shenzhen
OCBC Bank plans to hire 300 highly skilled engineers in China over the next three years to strengthen its corporate banking business, expanding its Shenzhen office where it currently has over 260
Latest News
China's export growth picked up in May despite US trade tensions, according to customs data. China's export growth picked up in May faster than in over a year despite US trade tensions, according to customs data released on Friday, June 7.
A Samsung Electronics union in South Korea protested over pay and working conditions on Friday when it staged its first-ever walkout.
Google has unveiled its plan for a $2 billion investment in Malaysia. Google has unveiled its plan for a $2 billion investment in Malaysia, signaling its intent to bolster its presence in the country's burgeoning tech landscape.
North Korea's criticism of China's involvement in discussions on the Korean Peninsula's denuclearization highlights a divergence in views between the two countries.
North Korea has escalated tensions with South Korea by sending balloons carrying what they call "filth and garbage" across the border.
China has launched its largest semiconductor investment fund to date to boost its domestic chip industry.
Iran plans to boost its oil production to four million barrels per day. Iran plans to boost its oil production to four million barrels per day. Iran Approves Plan to Increase Its Oil Production The country's Tasnim news agency said Sunday that an economic council headed by Iran's interim president Mohammad Mokhber approved this increase in its oil output.
South Korean President Yoon Suk-Yeol, Japanese Prime Minister Fumio Kishida, and Chinese Premier Li Qiang are to hold a trilateral summit in Seoul which would focus on resuming talks on a free trade agreement, among other matters.
Chinese Premier Li Qiang welcomed Samsung's investment in China before a historic summit involving South Korea and Japan.
