Latest Machinery Industry News & Updates

South Korea’s Business Sentiment Turns Positive for March After Four Years

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Seoul, Feb 24 (IANS) South Korea’s business sentiment turned positive for March, marking the first rebound in four years, due to the country’s robust exports of chips and automobiles, a poll showed on Tuesday.The business survey index (BSI) of the country’s top 600 companies by sales stood at 102.7 for next month, according to the monthly poll by the Federation of Korean Industries (FKI), reports Yonhap news agency.A reading below 100 means pessimists outnumber optimists, while a figure above th…

Kim Jong-un Fires Vice Premier Over Machinery Plant Issues

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Seoul, Jan 20 (IANS) North Korean leader Kim Jong-un has sacked a vice premier of the North’s cabinet over the official’s irresponsibility in modernising a machinery plant, state media reported on Tuesday, in a rare public dismissal ahead of a key party congress. Kim dismissed Vice Premier Yang Sung-ho ‘on the spot’ at an inauguration ceremony of the first-stage modernisation project at the Ryongsong Machine Complex on Monday, according to the North’s Korean Central News Agency (KCNA)Kim said th…