Urgent.News

What's breaking now, across thousands of outlets.

Business

Japan Govt to Provide Subsidies to Shipbuilders

Tokyo, Sept. 4 (Jiji Press)--The Japanese government will provide up to 213.1 billion yen in subsidies to three domestic shipbuilders as part of efforts to double the country's shipbuilding capacity in 10 years, transport minister Yasushi Kaneko said Friday. The subsidies to the three companies--Imabari Shipbuilding Co., its Japan Marine United Corp. unit and Namura Shipbuilding Co.--mark th...

We haven't written up this one. Nippon.com News has the full story — the link below goes straight to it.

Read the original at nippon.com →

More in Business

Korea Southern Power Repatriates $100 Million

The first case has emerged of a public power corporation repatriating large-scale profits earned from investments in United States power generation assets back to South Korea.

  • Korea Southern Power repatriates $100 million in profits.
  • Profits from $1.085 billion combined cycle gas plant in Michigan.
  • Funds used to repay borrowings and fund domestic renewables.

Korean Financial Workers Launch General Strike

The Korean Financial Industry Union held a large-scale rally around Sejong-daero in Gwanghwamun, Seoul, on Sep. 4 and launched a general strike.

  • Korean Financial Industry Union launched a general strike on September 4.
  • Union members voted 96.05% in favor of the strike on August 12.
  • Union leader Yoon Seok-koo argued for reduced working hours and job sharing.

More from Friday 4 September →