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BEIJING - China's Tianjin Municipality and Hunan Province have dismantled production facilities for inferior-quality steel bars following a national inspection by the State Council. Chinese Premier Li Keqiang recently called for steadfast efforts to push overcapacity cuts after the inspection found that certain steel mills were trying to resume production of inferior-quality steel bars.

SEOUL – South Korea’s President, Moon Jae-in, has told U.S. President Donald Trump that South Korea will never accept the recurrence of a second tragedy of war on the Korean Peninsula. The two Presidents spoke by telephone yesterday to discuss ways to co-operate in jointly responding to North Korea.

SEOUL – South Korea’s President, Moon Jae-in, has called for a "stern response to North Korea’s ceaseless provocations with nuclear missile test launches" to be put into action, "not just words alone”.
His remarks came during an emergency meeting of the National Security Council (NSC) held immediately after the North’s launch in Mupyong-ri, Jagang-do Province, of what is believed to have been an intercontinental ballistic missile (ICBM).

GUANGZHOU - LG’s planned Guangzhou display-panel factory will be 30% owned by joint-venture partner Guangzhou-Kaide Technologies Development Co., sources close to the matter told Caixin. The South Korean home-appliances giant announced on Tuesday that it would build a facility to produce large-panel organic light-emitting diode (OLED) displays in Guangzhou’s Economic and Technological Development Zone.

MELBOURNE - Victoria International Container Terminal (VICT), a subsidiary of Philippines’ headquartered port developer and manager ICTSI, has named 18 not-for-profit community organisations within the Port Phillip and/or Hobsons Bay communities as this year's recipients of grants from the VICT Community Investment Fund.

HANGZHOU - The Central Chinese Government approved the establishment of the first cyberspace court in China.  The Cyberspace Court has been established in Hangzhou, capital of China's Zhejiang province and home to many technology companies, to cater to an increasing number of internet-related disputes.

SEOUL - The narrative on growth in South Korea changed in Q2 2017. The most important change was that exports declined 0.1% y/y (-3.0% q/q sa) – this marked the first contraction in eight quarters, says ANZ Bank.