BMW agrees to give China car dealers RMB 5.1 billion in subsidies to address dealer concerns. China’s Ministry of Commerce (MOFCOM) terminates 17 rare earth mineral export quotas. Li Keqiang to attend Davos Forum for the first time in six years. Shanghai Husi lashes out at Shanghai Food and Drug Administration. China promises US $250 billion in investment in Latin America over next 10 years. China Construction Bank (CCB) wins branch license from the UK Prudential Regulation Authority and Financial Conduct Authority. Honda slapped with US $70 million fine by US National Highway Transportation Safety Administration. Sony’s satire “The Interview” (about North Korea) proves to be a success on the Internet despite hacker threats. US FBI states there is strong evidence that North Korea was guilty of cyber attack against Sony. FDI into Korea in 2014 jumped due to free trade agreements and government policy initiatives. Korea Trade Investment Promotion Agency to step up efforts to realize government inward foreign direct investment goals for 2015.
