Marking the first anniversary of Hyundai Motor Group’s innovation hub in Singapore, Executive Chair Chung Euisun reaffirmed his commitment to addressing deepening domestic and international uncertainties. Alongside Chung, key executives from Hyundai Motor, including Chang Jae-hoon, president and CEO of Hyundai Motor Co., Jung Jun-cheul, executive vice president and head of manufacturing for Hyun...

Forbes highlighted Lee's role as CEO of Hotel Shilla, a leading hotel and duty-free company, and noted her estimated personal wealth of $2.4 billion. Forbes noted that Lee is often called "little Kun-hee" by the local press for her business acumen, as the eldest daughter of the late Samsung Chairman Lee Kun-hee. The list also highlighted her family's influence, mentioning her brother, Samsung E...

Mastern Investment Management, a South Korean real estate investment firm, announced Friday that it has finalized the sale of Center Point Gangnam, a newly built office tower near Gangnam Station in Seoul, to local fashion giant F&F for 351.9 billion won ($246 million). Center Point Gangnam features six basement levels and 14 above-ground floors, spanning a total floor area of 27,000 square mete...

The US government on Thursday offered rewards of up to $5 million for information related to North Korean IT workers and companies engaged in illegal activities including money laundering and "certain cyber activity that supports the DPRK's (North Korea's) weapons of mass destruction.” North Korean IT companies Yanbian Silverstar Network Technology Co., based in China, and Volasys Silverstar, ba...

A Sierra Leonean citizen named Obai Kamara died in Ansan on Wednesday without the resources to provide for a funeral, according to the Embassy of Sierra Leone. Kamara, who came to South Korea in 2022, had been battling serious health challenges. According to his close friends in Ansan, his condition worsened following a recent trip to Sierra Leone, and he returned to South Korea critically ill....

Samsung Electronics is set to participate in the first-ever project to deploy an Open Radio Access Network in Latin America by teaming up with US-based telecom giant Liberty Latin America. The Korean tech giant’s network division will supply its virtualized radio access network solutions for the commercial Open RAN network in Puerto Rico, according to industry sources on Friday. Samsung has par...

The main opposition Democratic Party of Korea Chair Rep. Lee Jae-myung, in a televised speech on Friday, urged ruling party lawmakers to vote in favor of the motion to impeach President Yoon Suk Yeol in the National Assembly's session on Saturday. "It's not Yoon Suk Yeol or your party that you're supposed to protect," said Lee, who leads the party that controls the majority in the Assembly. "It'...

Han Kang, this year's Nobel Prize laureate in literature, said South Korea's political turmoil following President Yoon Suk Yeol's short-lived martial law declaration is "not that awful," highlighting the courage and sincerity of citizens who have mobilized in response. Han, author of "Human Acts," which is about the stories of survivors and victims of the May 18, 1980, pro-democracy Gwangju upr...

Industry recognitions for excellence and personal achievement are awarded for 2024 SHANGHAI , Dec. 13, 2024 /PRNewswire/ -- Award-winning Shanghai -headquartered creative agency The Orangeblowfish has been honored with two prestigious awards in the past month. Adding to its already impressive accolades is a win for CEO and Co-Founder Natalie Lowe as one of the Campaign Asia-Pacific'...

FOSHAN, China , Dec. 13, 2024 /PRNewswire/ -- In a recent exclusive interview with JARN, a leading Japanese HVAC industry publication, Peter Guan , Vice President of Midea Group and President of Midea Building Technologies (MBT), shared insights into the evolving global heat pump market. Guan expressed optimism about the growth prospects of the European air-to-water (ATW) heat pump market a...

The National Assembly is set to hold a parliamentary session Friday to question the prime minister and other officials that attended a controversial Cabinet meeting shortly before President Yoon Suk Yeol's botched martial law declaration. The main opposition Democratic Party will also report a new impeachment motion against Yoon over his failed bid to impose martial law, days after he survived i...

South Korea's import prices rose for the second consecutive month in November due mainly to the weak local currency, central bank data showed Friday. The import price index rose 1.1 percent last month from a month earlier, following a 2.1 percent on-month increase in October, according to the preliminary data from the Bank of Korea. From a year earlier, the figure advanced 3.0 percent in Novemb...

Seoul shares opened slightly lower Friday, tracking overnight losses on Wall Street from discouraging US economic data. The benchmark Korea Composite Stock Price Index (Kospi) fell 1.66 points, or 0.07 percent, to 2,480.46 in the first 15 minutes of trading. Overnight, US stocks fell due to inflation concerns as US wholesale prices accelerated in November, coupled with higher-than-expected init...