Business South Korea's Korea Aerospace Industries Ltd (KAI) said on Wednesday it had paid US$150,000 for consulting services on accounting matters to a firm set up by U.S. President Donald Trump's private lawyer Michael Cohen. 09 May 2018 05:10PM Bookmark SEOUL: South Korea's Korea Aerospace Industries Ltd (KAI) said on Wednesday it had paid US$150,000 for consulting services on accounting matters to a firm set up by U.S. President Donald Trump's private lawyer Michael Cohen.The arrangement came as the company, backed by state-owned Export-Import Bank of Korea, is competing to sell trainer jets to the U.S. Air Force in an auction that could be worth up to US$16 billion.Payments by KAI and other companies including AT&T to Essential Consultants, a company that paid porn star Stormy Daniels US$130,000 in October 2016 just before the U.S. presidential election, were described on Tuesday by her lawyer Michael Avenatti.Neither Avenatti nor Cohen responded to requests from … [Read more...] about South Korea’s KAI says paid firm of Trump’s lawyer US$150,000 for accounting advice
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REUTERS: Shares of Asian telecom players have already priced in the impact of investments for setting up fifth generation (5G) mobile networks and potential monetization uncertainty, JP Morgan Securities analysts said on Monday (Apr 30).The Asian telecom sector has underperformed the broader market by 18 per cent in the past 12 months due to investor concerns stemming from uncertainties related to 5G spending and potential monetization, JP Morgan analysts said.They, however, believe it is now time to revisit the sector, with spectrum auctions due in Korea and Australia in 2018 and Japan and China in early 2019.JP Morgan recommended investors buy telecom stocks in Japan, South Korea, China and Australia, saying these companies were unlikely to build significant standalone 5G networks until a business case emerges.However, their rivals in Hong Kong, Singapore and Taiwan face more competitive spectrum auctions, which are not expected until 2020, due to limited availability of 5G … [Read more...] about Asian telecom stocks face minimal 5G risks: JP Morgan
SEOUL: In the freewheeling democracy of South Korea, views of the authoritarian North, the prospects for reunification, and Friday's (Apr 27) summit between President Moon Jae-in and Pyongyang's leader Kim Jong Un vary widely.Attitudes differ along both generational and political lines, and AFP spoke to three South Koreans with very different perceptions of the situation.THE SURVIVORRetired English professor Lew Je-bong was a teenager during the Korean War and remembers walking miles across the war-ravaged country with his family in search of safety after Pyongyang invaded.He is still wary about the North's intentions and warns the South should not play into its hands.Pyongyang is the "world's best liar", he said angrily, and Seoul should learn from its history of broken promises."My hope for the South-North summit on Apr 27 is that our president does not get tricked," Lew said."They will never give up nuclear weapons, and if they don't, nothing should be negotiated."During … [Read more...] about Generation gap: South Koreans fear, welcome and ignore the North
PHUKET MEDIA WATCH – Thailand news compiled by Gazette editors for Phuket’s international community Thailand ripe for investment, says PM in Seoul Phuket Gazette / The Nation In a speech in Seoul yesterday during a luncheon meeting hosted by South Korea’s four leading business organizations, including the Federation of Korean Industries, she said the Thai economy would expand by 5.5-6 per cent this year, supported by strong economic fundamentals despite last year’s flood disaster. Meanwhile, the Fiscal Policy Office yesterday revised its economic growth projection for the year to 5.5 per cent from the 5 per cent it had forecast in December. Siam Commercial Bank’s Economic Intelligence Center also adjusted its target for growth in gross domestic product to 5.6-5.8 per cent from the 4.7 per cent estimated in January. These developments follow the Bank of Thailand’s announcement last week of an increase in its 2012 GDP growth target to 5.7 per cent. … [Read more...] about Phuket Gazette: PM touts Thailand in Korea; 3G saga continues; Thais getting oiled
Despite Philippine President Rodrigo Duterte's announcement that he wanted a China Telco firm to be the third telco player in the Philippines, telco firms from Japan, US, Korea and Australia have also signified to become the third internet service provider in the Philippines that could target a potential 50 million prospective internet subscribers. This was announced by Eliseo Rio, the officer-in-charge of the Department of Information and Communication Technology. However, Rio did not specify the name of the foreign firms. "Telco firms from Japan, South Korea , US and Australia have shown interest to partner with local firms to become the third player, " Rio said during a press conference. There are two telco companies operating in the Philippines, namely Globe and SMART but subscribers of these companies have been complaining of the very slow signal of these internet companies services. A number of Filipinos are involved in online work and the slow internet service has adversely … [Read more...] about Japan, US, Korea, Australia telco firms want to open in Philippines: Will this solve country’s internet problem?