Korean firms ramp up spending on lobbying in US
Posted : 2021-06-01 16:38
By Baek Byung-yeul
Samsung Electronics, SK hynix and other Korean firms are increasing their spending on lobbying in the United States to respond agilely to the fast-changing business environment amid the escalating trade conflict between China and the U.S
At a time when Korean firms are in a tricky situation in between the world s top two economies, industry officials said Tuesday that they are trying to improve their lobbying of the U.S. government, politicians and other social organizations to make sure that their voices are delivered.
President Biden and his allies raked in campaign cash from a top Russia lobbyist in 2020, just months before his administration’s decision to scrap sanctions on a controversial firm building a Russian oil pipeline to Germany.
HEADLINES & GLOBAL NEWS
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(Photo : Richard Harrington/Three Lions/Getty Images)
According to a new document submitted by the Department of Justice, the Chinese Communist Party s (CCP) propaganda outlet has maintained to pour millions of dollars into American periodicals to boost its sway.
A report dated May 24, China Daily, an English-language news organization overseen by Beijing s propaganda arm, spent roughly $3 million for critical Western outlets and publication firms over the previous six months, reported the Epoch Times.
Reported payouts to media outlets
The Los Angeles Times, Foreign Policy, Financial Times, and Time Magazine each got approximately $1.6 million in advertising dollars. The Globe and Mail, a Canadian newspaper, earned a further $329,898.