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Korean investors

Q&A: Why Korean is Such a Critical Language

October 29, 2018 globalatlanta Leave a Comment

Jiyoung Daniels teaches all levels of Korean at the University of North Georgia. Editor’s note: As the state’s military academy, the University of North Georgia offers Korean language at various levels in hopes of inspiring some students and cadets to take their study on to fluency. The language has been designated as “critical” by the U.S. Department of Defense, meaning that it’s eligible to receive increased government funding to drive proficiency. But beyond national security, Korean has also grown increasingly important globally, as Korea continues to export both its culinary traditions and its pop culture. In Georgia, home to an estimated 150,000 people of Korean descent and a growing parade of Korean investors, the language is also becoming more vital to navigating business with what has become the world’s ninth largest economy.  UNG published the below interview with Jiyoung Daniel, who teaches all levels of Korean at the university, to … [Read more...] about Q&A: Why Korean is Such a Critical Language

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Korean companies encouraged to back highly contentious giant coal mine in Australia : Indybay

October 3, 2018 indybay Leave a Comment

The subsequent communication from Seoul to Canberra described Korea’s interest in encouraging its own financial institutions, engineering and construction companies to back Australian infrastructure, specifically noting the Australian and Queensland Governments’ support for the Adani project. Fast forward to 2018 and Adani is trying to sell part of its Abbot Point coal export terminal. It has already been reported that Adani is in talks with Korean investors over that sale. If successful the Abbot Point sale would unlock hundreds of millions of dollars that could then be used to finance the Carmichael mine and rail projects. We urgently need to push back. Can you take a minute to send a message to Korea’s embassy and financial institutions? They need to be warned that investing in Abbot Point would be helping Adani to build the most environmentally contentious project in Australia's history. https://www.marketforces.org.au/korean-companies-encouraged-to-back-adani/ … [Read more...] about Korean companies encouraged to back highly contentious giant coal mine in Australia : Indybay

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Korean Solar Manufacturer to Create 500 Jobs in Georgia’s Carpet Country

May 31, 2018 globalatlanta Leave a Comment

Hanwha Q CELLS Module Production in South Korea. Photo: www.hanwha-qcells.comA Korean firm will put a $150 million solar module factory in northwest Georgia by next year, creating 500 jobs in a segment of the state that still hasn’t fully recovered from a housing crisis a decade ago.  Hanhwa Q CELL becomes the first Korean investor in Dalton, Ga., whose strong flooring sector is was hit hard during the downturn. Construction is set to begin this year, with production beginning in 2019, according to a news release from Gov. Nathan Deal‘s office.  The firm joins a cohort of about 80 facilities operated by Korean firms, one of the state’s largest source nations for foreign investment since Kia Motors opened a massive auto plant here in 2006, followed in due course by many parts suppliers.  Hanwha is the latest foreign solar manufacturer to announce a U.S. plant in the wake tariffs President Donald Trump imposed in January on solar cells and modules. … [Read more...] about Korean Solar Manufacturer to Create 500 Jobs in Georgia’s Carpet Country

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Two charged in NY for currency fraud targeting Korean-Americans

April 12, 2018 robert Leave a Comment

NEW YORK (Reuters) - Two men from the New York City borough of Queens were arrested on Thursday and charged with causing roughly $1.1 million of losses in a currency fraud targeting Korean-American investors. U.S. prosecutors accused Tae Hung “Kevin” Kang, 55, of Bayside, and John Won, 49, of Flushing, of “preying upon the kinship of their target group” by enticing victims to invest in or open accounts with their company, Forexnpower. Both defendants pleaded not guilty at an afternoon hearing in Brooklyn federal court. Prosecutors said Kang and Won overstated their trading expertise and falsely touted how their “Aset” and “Super Power-Bot” algorithmic trading methods would generate big returns. According to the indictment, some investors were enticed by ads in Korean-language newspapers offering “a secret trading method generating more than 10% monthly profit” and the chance “to make $1 million and more within three … [Read more...] about Two charged in NY for currency fraud targeting Korean-Americans

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Two charged in NY City for currency fraud targeting Korean-Americans

April 12, 2018 robert Leave a Comment

NEW YORK (Reuters) - Two men from the New York City borough of Queens were arrested on Thursday and charged with causing roughly $1.1 million of losses in a currency fraud targeting Korean-American investors. U.S. prosecutors accused Tae Hung “Kevin” Kang, 55, of Bayside, and John Won, 49, of Flushing, of “preying upon the kinship of their target group” by enticing victims to invest in or open accounts with their company, Forexnpower. Prosecutors said the defendants overstated their trading expertise and falsely touted how their “Aset” and “Super Power-Bot” algorithmic trading methods would generate big returns. According to the indictment, some investors were enticed by ads in Korean-language newspapers offering “a secret trading method generating more than 10% monthly profit” and the chance “to make $1 million and more within three to five years.” Investors allegedly lost more than $700,000 investing in … [Read more...] about Two charged in NY City for currency fraud targeting Korean-Americans

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