Monday, September 28
North Korea is set to open a major new tourist site next week on its east coast. Called the Wonsan-Kalma coastal tourist zone, the site is being promoted as a big step forward for the country’s tourism plans. However, it will only be open to local tourists for now. There's still no clear date on when foreign travellers will be allowed back in.According to state media, the new coastal zone has hotels, sports facilities, restaurants, and can host nearly 20,000 guests. People can swim, play games, and enjoy meals by the sea.North Korean leader Kim Jong Un visited the site on Tuesday and officially opened it with a ribbon-cutting ceremony. He called the site “one of the greatest successes this year” and said it was “the proud first step” in building a stronger tourism industry.The ne
Panasonic Holdings is downsizing its consumer electronics business in India by exiting loss-making categories like refrigerators and washing machines where the Japanese electronics manufacturer has failed to gain significant market shares, said two industry executives.Panasonic is also shuttering the production line for these products at its factory in Jhajjar, Haryana, the executives said. The unit is currently operating as a contract manufacturer for other brands.While the Indian arm is still evaluating the number of workers that will be laid off due to the restructuring exercise, the executives said it will be in high double digits, as the company is trying to relocate some workforce including in the factory.122076874Following the revamp, Panasonic will operate in two major electronic c
