#FirstHand #17Dec
#Interview with Mr. Woo Seong Goo of the Korea Christian Action Organization: You need to have courage and be brave. Hongkongers will win
For 6 months and onwards, Hong Kong's Pro-democracy movement has led international community to pay more attention than ever to the city. A coalition from South Korea with its partnered associations visited the “Social Welfare Humantarian Crisis Assembly”, which was held at 1900 at Edinburgh Place, Central on December 17.
Guardians of Hong Kong/BWHK team has conducted an interview with Mr 우성구 (Woo Seong Goo), representative of the Joint Coalition, Korea Christian Action Organization regarding his views to the pro-democracy movement in Hong Kong.
Q1. What made you come to Hong Kong at this time?
A: Knowing about the movement, we wanted to visit Hong Kong and participate in the events personally as well as understand what exactly is happening there. As we may not be able to get a complete picture of the circumstances in Hong Kong in Korea, we decided that coming here could let us figure out ways to help Hong Kongers.
Q2. Is it the first event of the movement that you have participated in Hong Kong?
A: We had other schedules yesterday. As there are not as much activities this week, we came to this event to feel the atmosphere here.
Q3. What do you think about the movement in Hong Kong? How do you interpret “Five Demands, Not One Less”?
A: Koreans are quite concerned about the movement in Hong Kong, especially us. As in 70s and 80s, we also experienced dictatorship and a movement fighting for democracy.
Regarding “Five Demands, Not One Less”, we do not know the details of it, but we generally know that the five demands include releasing those arrested and imprisoned due to the movement, and fighting for Universal Suffrage etc..
Q4. I see that you are distributing this little sticker to Hong Kongers, can you tell us more about it?
A: The stickers are made by the Korea Association of Christian Women for Women Minjung. We heard from the news that many Hong Kongers, especially young people, got hurt while trying hard to fight for what they want. Besides, as the association mostly consist of female christians, we pay extra attention to sexual violence and sexual harrassment towards women. We want to support Hong Kongers, so we have made some simple little stickers.
Q5. What do you think about the Hong Kong Government’s responses and actions in response to their people's demands?
A: After we came across the dictatorship in the 70s and 80s, we understood that the most important thing for the Government to do is to have 'conversations'. It is with utmost importance to have a conversation with Hong Kongers at this critical moment, which needs to be followed by immediate action. Otherwise, it would lead to larger and more serious conflicts in Hong Kong.
Q6. Do Korean media report the movement and the situation of Hong Kong clearly?
A: Mainstream media in Korea do not have detailed reports about the movement and the situation of Hong Kong. Unless there are journalists coming from Korea, then we can learn more about the situation from them.
We reckon the reason behind this is due to the concerns of the relationship between China and South Korea.
Therefore, we usually gain the most updated information of Hong Kong via Facebook, Instagram and Twitter.
Q6. Is there anything you would like to say to Hong Kongers?
A: We would like to say to all front-liners and Hong Kongers that you need to have courage and be brave. Although you are facing powerful violence from the state and the Hong Kong Police, of which I believe must be terrifying, I believe that Hong Kongers would win. Please also spread this message to other young people and walk with them until the movement succeeds.
#GlobalSupport #SouthKorea
#Interview with Mr. Woo Seong Goo of the Korea Christian Action Organization: You need to have courage and be brave. Hongkongers will win
For 6 months and onwards, Hong Kong's Pro-democracy movement has led international community to pay more attention than ever to the city. A coalition from South Korea with its partnered associations visited the “Social Welfare Humantarian Crisis Assembly”, which was held at 1900 at Edinburgh Place, Central on December 17.
Guardians of Hong Kong/BWHK team has conducted an interview with Mr 우성구 (Woo Seong Goo), representative of the Joint Coalition, Korea Christian Action Organization regarding his views to the pro-democracy movement in Hong Kong.
Q1. What made you come to Hong Kong at this time?
A: Knowing about the movement, we wanted to visit Hong Kong and participate in the events personally as well as understand what exactly is happening there. As we may not be able to get a complete picture of the circumstances in Hong Kong in Korea, we decided that coming here could let us figure out ways to help Hong Kongers.
Q2. Is it the first event of the movement that you have participated in Hong Kong?
A: We had other schedules yesterday. As there are not as much activities this week, we came to this event to feel the atmosphere here.
Q3. What do you think about the movement in Hong Kong? How do you interpret “Five Demands, Not One Less”?
A: Koreans are quite concerned about the movement in Hong Kong, especially us. As in 70s and 80s, we also experienced dictatorship and a movement fighting for democracy.
Regarding “Five Demands, Not One Less”, we do not know the details of it, but we generally know that the five demands include releasing those arrested and imprisoned due to the movement, and fighting for Universal Suffrage etc..
Q4. I see that you are distributing this little sticker to Hong Kongers, can you tell us more about it?
A: The stickers are made by the Korea Association of Christian Women for Women Minjung. We heard from the news that many Hong Kongers, especially young people, got hurt while trying hard to fight for what they want. Besides, as the association mostly consist of female christians, we pay extra attention to sexual violence and sexual harrassment towards women. We want to support Hong Kongers, so we have made some simple little stickers.
Q5. What do you think about the Hong Kong Government’s responses and actions in response to their people's demands?
A: After we came across the dictatorship in the 70s and 80s, we understood that the most important thing for the Government to do is to have 'conversations'. It is with utmost importance to have a conversation with Hong Kongers at this critical moment, which needs to be followed by immediate action. Otherwise, it would lead to larger and more serious conflicts in Hong Kong.
Q6. Do Korean media report the movement and the situation of Hong Kong clearly?
A: Mainstream media in Korea do not have detailed reports about the movement and the situation of Hong Kong. Unless there are journalists coming from Korea, then we can learn more about the situation from them.
We reckon the reason behind this is due to the concerns of the relationship between China and South Korea.
Therefore, we usually gain the most updated information of Hong Kong via Facebook, Instagram and Twitter.
Q6. Is there anything you would like to say to Hong Kongers?
A: We would like to say to all front-liners and Hong Kongers that you need to have courage and be brave. Although you are facing powerful violence from the state and the Hong Kong Police, of which I believe must be terrifying, I believe that Hong Kongers would win. Please also spread this message to other young people and walk with them until the movement succeeds.
#GlobalSupport #SouthKorea
#FirstHand #17Dec #Interview Message from Korea Christian Action Organization to Hongkongers: You need to have courage and be brave. Hongkongers will win.
Exclusive Interwiew by BWHK/ Guardians of Hong Kong: https://t.me/guardiansofhongkong/13487
#GlobalSupport #SouthKorea
Exclusive Interwiew by BWHK/ Guardians of Hong Kong: https://t.me/guardiansofhongkong/13487
#GlobalSupport #SouthKorea
South Korean Ministry of Foreign Affairs: Moon Jae-in Did Not Give Comments on Hong Kong and Xinjiang Affairs
Editor's Note: The Chinese Ministry of Foreign Affairs and the Xinhua News Agency have purportedly spread fake news on very important diplomatic issues.
South Korean Ministry of Foreign Affairs clarified that President Moon Jae-in did not give an comment on whether the affairs concerning Hong Kong Kong and Xinjiang are part of China's internal affairs in his talk with his Chinese counterpart Xi Jinping.
Press releases from many mainland news agencies such as Xinhua News Agency said that “South Korea believes that Hong Kong affairs and Xinjiang-related questions are China's internal affairs,”; however, South Korean Ministry of Foreign Affairs clarified yesterday that it is a unilateral opinion from the Chinese government, stating that Moon Jae-in had only responded with “I have heard it clearly,” after hearing Xi Jinping's thoughts on Hong Kong and Xinjiang affairs.
Regarding the statements from the Chinese Ministry of Foreign Affairs, relevant officials of the Government of South Korea said that necessary communications had been processed through diplomatic channels between the two countries.
Source: RTHK
Related News: S. Korea conveys to China Moon's correct comments on Hong Kong, Xinjiang
#SouthKorea #China #Diplomacy #FakeNews
Editor's Note: The Chinese Ministry of Foreign Affairs and the Xinhua News Agency have purportedly spread fake news on very important diplomatic issues.
South Korean Ministry of Foreign Affairs clarified that President Moon Jae-in did not give an comment on whether the affairs concerning Hong Kong Kong and Xinjiang are part of China's internal affairs in his talk with his Chinese counterpart Xi Jinping.
Press releases from many mainland news agencies such as Xinhua News Agency said that “South Korea believes that Hong Kong affairs and Xinjiang-related questions are China's internal affairs,”; however, South Korean Ministry of Foreign Affairs clarified yesterday that it is a unilateral opinion from the Chinese government, stating that Moon Jae-in had only responded with “I have heard it clearly,” after hearing Xi Jinping's thoughts on Hong Kong and Xinjiang affairs.
Regarding the statements from the Chinese Ministry of Foreign Affairs, relevant officials of the Government of South Korea said that necessary communications had been processed through diplomatic channels between the two countries.
Source: RTHK
Related News: S. Korea conveys to China Moon's correct comments on Hong Kong, Xinjiang
#SouthKorea #China #Diplomacy #FakeNews
Yonhap News Agency
S. Korea conveys to China Moon's correct comments on Hong Kong, Xinjiang | Yonhap News Agency
SEOUL, Dec. 29 (Yonhap) -- South Korea said Sunday that it has conveyed the correct versio...
#SouthKorea made clarifications in response to Chinese media’s fake statement
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#SouthKorea #Protests
Koreans Demand Deportation of Chinese Nationals
As the coronavirus outbreak has spreaded to South Korea,
thousands of Koreans took to the street, demanding the deportation of PRC nationals before 15 April, to reduce the chance of transmission and the risk of infection.
Meanwhile, some netizens expressed that it is "thanks to the Communist Party of China" that the name PRC made "upon the past years of improvement is now ruined".
#Feb23 #ChinesePneumonia
Koreans Demand Deportation of Chinese Nationals
As the coronavirus outbreak has spreaded to South Korea,
thousands of Koreans took to the street, demanding the deportation of PRC nationals before 15 April, to reduce the chance of transmission and the risk of infection.
Meanwhile, some netizens expressed that it is "thanks to the Communist Party of China" that the name PRC made "upon the past years of improvement is now ruined".
#Feb23 #ChinesePneumonia
#Borders #ChinesePneumonia #Discrimination
Hong Kong Government's Discriminative Treatment: Open Borders with China; Ban Entry of Passengers from South Korea
Many people in Hong Kong asked, "What about China?".
On February 24, the Hong Kong government announced its policy of prohibiting passengers from South Korea, including those who have travelled to South Korea in the past 14 days, from entering Hong Kong starting from 6 am on February 25.
Until then, the Hong Kong-China borders remain open, despite the local population's vocal demands to have it closed.
As of February 24, there have been 833 cases of Wuhan pneumonia in South Korea and nearly 77,000 cases reported in China.
Meanwhile, China's Ministry of Culture and Tourism told PRC nationals not to go to the United States for the "unfair treatment" they would receive.
Source: Stand News; Now News
#Feb24 #ChineseDiplomacy #PRC #SouthKorea #HongKong
Hong Kong Government's Discriminative Treatment: Open Borders with China; Ban Entry of Passengers from South Korea
Many people in Hong Kong asked, "What about China?".
On February 24, the Hong Kong government announced its policy of prohibiting passengers from South Korea, including those who have travelled to South Korea in the past 14 days, from entering Hong Kong starting from 6 am on February 25.
Until then, the Hong Kong-China borders remain open, despite the local population's vocal demands to have it closed.
As of February 24, there have been 833 cases of Wuhan pneumonia in South Korea and nearly 77,000 cases reported in China.
Meanwhile, China's Ministry of Culture and Tourism told PRC nationals not to go to the United States for the "unfair treatment" they would receive.
Source: Stand News; Now News
#Feb24 #ChineseDiplomacy #PRC #SouthKorea #HongKong
South Korean TV Show on Hong Kong Pro-democracy Protests: "Why did Hongkongers Take it To the Street?"
Watch the Chinese-subtitled videos:
Part 1: https://dai.ly/x7tiani
Part 2: https://dai.ly/x7tibpy
#차이나는클라스 #GlobalSupport #SouthKorea #JTBC
Watch the Chinese-subtitled videos:
Part 1: https://dai.ly/x7tiani
Part 2: https://dai.ly/x7tibpy
#차이나는클라스 #GlobalSupport #SouthKorea #JTBC
Dailymotion
與別不同的一課 - 〈站在民主分岔口的香港,何去何從?〉 Part1 - 동영상 Dailymotion
美麗的自由都市——香港 他們為何要上街 ? 張禎娥教授說的「香港故事」 〈站在民主分岔口的香港,何去何從?〉 Part 2: https://dai.ly/x7tibpy By 沒有大台字幕組 影片出處:JTBC - I do NOT own this video nor the image featured in the video. All rights belong to it's rightful owner/owner's. No copyright infringement…
#SouthKorea
12 South Korean Newspapers Show Concerns Over the National Security Law in Hong Kong
Read more
⬇️⬇️⬇️⬇️⬇️
https://t.me/guardiansofhongkong/23442
12 South Korean Newspapers Show Concerns Over the National Security Law in Hong Kong
Read more
⬇️⬇️⬇️⬇️⬇️
https://t.me/guardiansofhongkong/23442
#SouthKorea #Newspaper #NationalSecurityLaw
12 South Korean Newspapers Show Concerns Ove the National Security Law in Hong Kong
The PRC's Standing Committee of the National People's Congress has forcefully passed a Hong Kong version of the National Security Law without any public consultation from the Hong Kong public. Nine comprehensive national newspapers and three major financial newspapers in South Korea have published this news with full-page coverage.
Of which, 6 newspapers headlined the news with relevant photos and 4 of them included written reports.
The following headlines are compiled by Korean Peninsula News Platform:
【Dong-a Ilbo】 Situation in Hong Kong Triggers Conflict between China and USA, Opening the Doorway to a Mass Exodus from Hong Kong
【Joong Ang llbo】 Political and Economic Freedom in Hong Kong are Stripped Away
【The Hankyoreh】 National Security Law Enacted in Hong Kong
【Seoul Shinmun】 China Passes National Security Law Despite US's Declaration of Removing Hong Kong’s Special Status
【Segye llbo】 China Forcefully Passes National Security Law, Ignoring US's Warning of Removing Hong Kong’s Special Status
【Kukmin llbo】 Polarized Reactions towards the Passing of National Security Law: One Side Objects with Protest while the Other Side Welcomes the Law with Celebration
Source: https://www.facebook.com/1449242832005268/posts/2656475081282031/
#Jun30
12 South Korean Newspapers Show Concerns Ove the National Security Law in Hong Kong
The PRC's Standing Committee of the National People's Congress has forcefully passed a Hong Kong version of the National Security Law without any public consultation from the Hong Kong public. Nine comprehensive national newspapers and three major financial newspapers in South Korea have published this news with full-page coverage.
Of which, 6 newspapers headlined the news with relevant photos and 4 of them included written reports.
The following headlines are compiled by Korean Peninsula News Platform:
【Dong-a Ilbo】 Situation in Hong Kong Triggers Conflict between China and USA, Opening the Doorway to a Mass Exodus from Hong Kong
【Joong Ang llbo】 Political and Economic Freedom in Hong Kong are Stripped Away
【The Hankyoreh】 National Security Law Enacted in Hong Kong
【Seoul Shinmun】 China Passes National Security Law Despite US's Declaration of Removing Hong Kong’s Special Status
【Segye llbo】 China Forcefully Passes National Security Law, Ignoring US's Warning of Removing Hong Kong’s Special Status
【Kukmin llbo】 Polarized Reactions towards the Passing of National Security Law: One Side Objects with Protest while the Other Side Welcomes the Law with Celebration
Source: https://www.facebook.com/1449242832005268/posts/2656475081282031/
#Jun30
#HKUSU #Statement
Students' Union of University of Hong Kong: "Hongkongers, We Shall Give Our Lives to Freedom"
The University of Hong Kong Students' Union released a frontpage statement on #AppleDaily on #Aug14. Conveying Hongkongers' determination to pursue freedom, the open letter quoted #WinstonChurchil 's speech in the #WWI and #HannahArendt 's works as well as the struggles for democracy in #Taiwan and #SouthKorea. The letter goes:
“Students were arrested, a newspaper office was raided, election was turned into ‘mere figurehead’, and a professor was dismissed. All of these are merely the prologue to a long gloomy night. It seems that the future of this city can only get ever duller. We might be weak confronting the totalitarian party-state, but we are not alone.
We have the free world walking with us."
The message is clear: "Hongkongers, We Shall Give Our Lives to Freedom"; and
“Through blood, toil, tears and sweat, we will strive on."
Read the full version here: HKUSU #Aug14
Students' Union of University of Hong Kong: "Hongkongers, We Shall Give Our Lives to Freedom"
The University of Hong Kong Students' Union released a frontpage statement on #AppleDaily on #Aug14. Conveying Hongkongers' determination to pursue freedom, the open letter quoted #WinstonChurchil 's speech in the #WWI and #HannahArendt 's works as well as the struggles for democracy in #Taiwan and #SouthKorea. The letter goes:
“Students were arrested, a newspaper office was raided, election was turned into ‘mere figurehead’, and a professor was dismissed. All of these are merely the prologue to a long gloomy night. It seems that the future of this city can only get ever duller. We might be weak confronting the totalitarian party-state, but we are not alone.
We have the free world walking with us."
The message is clear: "Hongkongers, We Shall Give Our Lives to Freedom"; and
“Through blood, toil, tears and sweat, we will strive on."
Read the full version here: HKUSU #Aug14
BTS Supporters Counterattack after Chinese Netizens Sniped BTS,
Zhao Lijian Tried to Calm them Down along with the Deletion of the Provocative Report by Global Times
South Korean K-pop boy band BangTan Sonyeondan (BTS) has gained an award for their efforts to promote South Korea-US relations. However, their award-winning speech, relevant to the Korean War, caused dissatisfaction among Chinese netizens and being sniped, such as claiming not to buy the endorsed products. BTS supporters, on the other hand, fought back on social networking sites. A netizen said, “thanks to the 50 Cent Army and the Little Pink, Korea has become anti-communist now!" Chinese Foreign Ministry spokesman Zhao Lijian then showed kindness, saying that "promoting friendship should be our (China and Korea) common pursuit". The Global Times also deleted its reports criticizing BTS. The Director of the Military Affairs Department of South Korea, Moo Jung-woo, responded yesterday (13 October) that the accusations made by Chinese netizens were "uncomfortable." The Ministry of Foreign Affairs of South Korea also stated that it would remain concerned about the situation.
Earlier, BTS gained the “James A. Van Fleet Award”. A member mentioned in their speeches that "we will always remember the painful history of our two countries and the countless sacrifices made by men and women". As a result, the Chinese netizens criticized BTS for not respecting the Chinese martyrs and not understanding the history of the anti-American war effort.
Global Times published a report on Monday (12 October), stating that "we cannot tolerate anything that involves our national dignity”. Chinese netizens urged not to purchase any BTS-endorsed product. Subsequently, a South Korean company Samsung removed the BTS-endorsed products from its Chinese online stores, and a manufacturer Hyundai and a sports brand FILA also removed BTS-relevant posts from their Chinese social media pages.
Source: Stand News #Oct14
https://bit.ly/3jdAGDf
#BTS #SouthKorea #Kpop #ChineseForeignMinistry #ZhaoLiJian #ChineseNetizens #GlobalTimes #China #JamesAVanFleetAward #Samsung #Hyundai #FILA
Zhao Lijian Tried to Calm them Down along with the Deletion of the Provocative Report by Global Times
South Korean K-pop boy band BangTan Sonyeondan (BTS) has gained an award for their efforts to promote South Korea-US relations. However, their award-winning speech, relevant to the Korean War, caused dissatisfaction among Chinese netizens and being sniped, such as claiming not to buy the endorsed products. BTS supporters, on the other hand, fought back on social networking sites. A netizen said, “thanks to the 50 Cent Army and the Little Pink, Korea has become anti-communist now!" Chinese Foreign Ministry spokesman Zhao Lijian then showed kindness, saying that "promoting friendship should be our (China and Korea) common pursuit". The Global Times also deleted its reports criticizing BTS. The Director of the Military Affairs Department of South Korea, Moo Jung-woo, responded yesterday (13 October) that the accusations made by Chinese netizens were "uncomfortable." The Ministry of Foreign Affairs of South Korea also stated that it would remain concerned about the situation.
Earlier, BTS gained the “James A. Van Fleet Award”. A member mentioned in their speeches that "we will always remember the painful history of our two countries and the countless sacrifices made by men and women". As a result, the Chinese netizens criticized BTS for not respecting the Chinese martyrs and not understanding the history of the anti-American war effort.
Global Times published a report on Monday (12 October), stating that "we cannot tolerate anything that involves our national dignity”. Chinese netizens urged not to purchase any BTS-endorsed product. Subsequently, a South Korean company Samsung removed the BTS-endorsed products from its Chinese online stores, and a manufacturer Hyundai and a sports brand FILA also removed BTS-relevant posts from their Chinese social media pages.
Source: Stand News #Oct14
https://bit.ly/3jdAGDf
#BTS #SouthKorea #Kpop #ChineseForeignMinistry #ZhaoLiJian #ChineseNetizens #GlobalTimes #China #JamesAVanFleetAward #Samsung #Hyundai #FILA
Hanbok or Hanfu? Chinese Dress Up Game Sparks Debate, South Korean Professor Demands Apology from Developer
Shining Nikki, a dress up game by the Chinese developer Papergames, has caused controversy earlier for launching a Korean-style outfit named “Gunyun Chonghua”. The outfit drew criticism from a number of Chinese players, who claimed it was not Korean hanbok but hanfu from the Ming dynasty, while some Korean players insisted that it is hanbok. As the row intensified, the developer closed its newly opened server in Korea while slamming some of its Korean players for having “insulted China” and stepped over the line. The shutdown did not put an end to the quarrel. According to the Yonhap News Agency, Seo Kyung-duk, a professor at South Korea’s Sungshin Women’s University, has written to Papergames in protest of the way it handled the incident and demanded that it apologize to South Korean netizens.
Source: Stand News #Nov26
#SouthKorea #China #Papergames #ShiningNikki #Games #Culture
https://bit.ly/3g5ebk8
Shining Nikki, a dress up game by the Chinese developer Papergames, has caused controversy earlier for launching a Korean-style outfit named “Gunyun Chonghua”. The outfit drew criticism from a number of Chinese players, who claimed it was not Korean hanbok but hanfu from the Ming dynasty, while some Korean players insisted that it is hanbok. As the row intensified, the developer closed its newly opened server in Korea while slamming some of its Korean players for having “insulted China” and stepped over the line. The shutdown did not put an end to the quarrel. According to the Yonhap News Agency, Seo Kyung-duk, a professor at South Korea’s Sungshin Women’s University, has written to Papergames in protest of the way it handled the incident and demanded that it apologize to South Korean netizens.
Source: Stand News #Nov26
#SouthKorea #China #Papergames #ShiningNikki #Games #Culture
https://bit.ly/3g5ebk8
Chinese Investors in South Korean listings Are Repeatedly Delisted; Fictitious mask Contracts Cost Korean Investors $2.7 billion
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is “made out of nothing”, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in China’s Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is “made out of nothing”, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in China’s Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
US and allies to build 'China-free' tech supply chain
U.S. President Joe Biden is set to sign an executive order as early as this month to accelerate efforts to build supply chains for chips and other strategically significant products that are less reliant on China, in partnership with the likes of Taiwan, Japan and South Korea.
The document will order the development of a national supply chain strategy, and is expected to call for recommendations for supply networks that are less vulnerable to disruptions such as disasters and sanctions by unfriendly countries. Measures will focus on semiconductors, electric-vehicle batteries, rare-earth metals and medical products, according to a draft obtained by Nikkei.
Source : NikkeiAsia #Feb24
https://asia.nikkei.com/Politics/International-relations/Biden-s-Asia-policy/US-and-allies-to-build-China-free-tech-supply-chain
#China #US #ChinaFree' #JoeBiden #Taiwan #Japan #SouthKorea
U.S. President Joe Biden is set to sign an executive order as early as this month to accelerate efforts to build supply chains for chips and other strategically significant products that are less reliant on China, in partnership with the likes of Taiwan, Japan and South Korea.
The document will order the development of a national supply chain strategy, and is expected to call for recommendations for supply networks that are less vulnerable to disruptions such as disasters and sanctions by unfriendly countries. Measures will focus on semiconductors, electric-vehicle batteries, rare-earth metals and medical products, according to a draft obtained by Nikkei.
Source : NikkeiAsia #Feb24
https://asia.nikkei.com/Politics/International-relations/Biden-s-Asia-policy/US-and-allies-to-build-China-free-tech-supply-chain
#China #US #ChinaFree' #JoeBiden #Taiwan #Japan #SouthKorea