Hanwha Hanwha Chairman has got a sentence of 4 years to serve in jail after being found guilty of using company cash for personal use (all $4.5 million of it) and spending an additional $250 million to help his brother. Note Hanwha is one of the top 10 chaebols of South Korea and entered the […]
The US imposition of duties on Solar panel imports from China has raised the hackles of the Chinese Government which considers the solar industry to be strategic to its future growth. While it will not affect the Chinese exports in a big way considering the easy workarounds, it has the potential of making the Chinese […]
China does not have many friends in its neighborhood,in fact it does not have any friends with relations with most countries being quite tense.The only friends it has is a tinpot communist dictatorship North Korea which has managed to keep its citizens in the Stone Age and Pakistan which is well on its way to become a failed state with a suicide bombing a day.What is interesting is that China holds the world record for sharing borders with the maximum number of countries,so one would consider it prudent to hold good relations with a large number of them.On the contrary China has had tense relations with almost all of them with low level military incidents the order of the day.China has a very cagey relationship with India where tensions have risen all the time with numerous friction points like Tibet,Arunachal Pradesh,supplying Pakistan with arms and building ports in smaller countries.South Korea alleged cyberattack a few months ago from hackers close to the Chinese government as well.
Samsung SDI one of the many companies of the largest Korean Chaebol Samsung has become the Green Sword Arm.Note Samsung SDI already is responsible for the Lithium Battery and Flat Panel Manufacturing for the Samsung Group.Now Samsung Electronics the parent company of the Group has transferred the solar panel business to Samsung SDI for 161 […]
Seoul witnessed Radioactive Rain as winds blew from neighboring Japan which has witnessed the second biggest nuclear energy accident after Chernobyl.Though the the Rain contains cesium and iodine particles they are well within the safety limits according to the South Korean Nuclear Safety Regulator.South Korea has already protested against the lack of information about the Nuclear Emissions and the Deliberate Dumping of Toxic Seawater by TEPCO.However many schoolchildren stayed at home as worried parents were concerned about the impact of the radiation.China the other major close nation in proximity to Japan has also detected low levels of iodine in spinach in 3 provinces.China had earlier reported trace levels of radiation in Guangdong and Shanghai.Note Iodine has a very low half-life so that problem should not persist for long.However cesium is another matter as it can lodge inside human body and keep emitting for a long time internally.
The massive dumping of radiation seawater by TEPCO into the Pacific Ocean has triggered outrage amongst various stakeholder groups.Fishermen are angry at is will massively affect the marine life who are bound to get poisoned by the 11,500 tons of radioactive water which is 100 times over the legal limit.A fishing industry group in Fukushima prefecture has asked Tepco to stop releasing toxic water into the sea near the power plant as Radioactive iodine and cesium were found in fish caught off the coast of Ibaraki, north of Tokyo.The Fishermen are already facing a bad time are bound to get hit even worse from this.Green Groups are protesting this deliberate ejection and say that it might be unethical to dump the water if not illegal under international laws.Green Groups are protesting the fact that more efforts could not have been made to store the water in ship tankers or overland facilities instead of taking the easy way out and dumping it in the Pacific.Note the radioactivity spewed from the Japanese Nuclear Plants is affecting nations globally.South Korea which lies very close to Japan has expressed concerns over the toxic water being dumped into the ocean.