Two Indian officials were released unharmed early yesterday after being held hostage for 10 hours by activists who oppose expansion plans by the South Korean steel company they work for, police said.
The officials, who work for the South Korea-based Posco, the world's third largest steel-maker, were kidnapped on Friday by villagers concerned that the company's plan to build a steel plant in the eastern state of Orissa would displace thousands of people.
"They were released hours after midnight," Deputy Superintendent of Police S.K. Upadhaya said.
"No harm has come to them, but they are being examined by doctors," Upadhaya said.
Three Posco officials had traveled to the village of Gobindapur to meet with farmers about acquiring land when they were kidnapped.
One of the three officials, a woman, was released soon after being taken hostage, but the two others were kept by the group for 10 hours.
Abhay Sahu, the president of an activist group dedicated to fighting the Posco project, had said the hostages would not be released until the company pledged it would not develop the site, the Press Trust of India news agency reported.
But they were released after the villagers received assurances from Posco that the company's staff would not enter their village, PTI quoted Sahu as saying.
Posco's steel plant -- which would be the largest single foreign investment in India -- was approved by the Indian government last year as a special economic zone, making it eligible for tax breaks and exempt from some government duties.
Posco has said it will invest about US$10.8 billion to build the plant and develop the area.
Many residents are strongly opposed to the project because they say it would require the displacement of about 20,000 people.
Police said the Posco officials had been warned by residents not to enter their villages without permission, but the three did not heed the warning.
Shiina Ito has had fewer Chinese customers at her Tokyo jewelry shop since Beijing issued a travel warning in the wake of a diplomatic spat, but she said she was not concerned. A souring of Tokyo-Beijing relations this month, following remarks by Japanese Prime Minister Sanae Takaichi about Taiwan, has fueled concerns about the impact on the ritzy boutiques, noodle joints and hotels where holidaymakers spend their cash. However, businesses in Tokyo largely shrugged off any anxiety. “Since there are fewer Chinese customers, it’s become a bit easier for Japanese shoppers to visit, so our sales haven’t really dropped,” Ito
The number of Taiwanese working in the US rose to a record high of 137,000 last year, driven largely by Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) rapid overseas expansion, according to government data released yesterday. A total of 666,000 Taiwanese nationals were employed abroad last year, an increase of 45,000 from 2023 and the highest level since the COVID-19 pandemic, data from the Directorate-General of Budget, Accounting and Statistics (DGBAS) showed. Overseas employment had steadily increased between 2009 and 2019, peaking at 739,000, before plunging to 319,000 in 2021 amid US-China trade tensions, global supply chain shifts, reshoring by Taiwanese companies and
Taiwan Semiconductor Manufacturing Co (TSMC) Chairman C.C. Wei (魏哲家) and the company’s former chairman, Mark Liu (劉德音), both received the Robert N. Noyce Award -- the semiconductor industry’s highest honor -- in San Jose, California, on Thursday (local time). Speaking at the award event, Liu, who retired last year, expressed gratitude to his wife, his dissertation advisor at the University of California, Berkeley, his supervisors at AT&T Bell Laboratories -- where he worked on optical fiber communication systems before joining TSMC, TSMC partners, and industry colleagues. Liu said that working alongside TSMC
TECHNOLOGY DAY: The Taiwanese firm is also setting up a joint venture with Alphabet Inc on robots and plans to establish a firm in Japan to produce Model A EVs Manufacturing giant Hon Hai Precision Industry Co (鴻海精密) yesterday announced a collaboration with ChatGPT developer OpenAI to build next-generation artificial intelligence (AI) infrastructure and strengthen its local supply chain in the US to accelerate the deployment of advanced AI systems. Building such an infrastructure in the US is crucial for strengthening local supply chains and supporting the US in maintaining its leading position in the AI domain, Hon Hai said in a statement. Through the collaboration, OpenAI would share its insights into emerging hardware needs in the AI industry with Hon Hai to support the company’s design and development work, as well