South Korea has signed a contract worth 170 billion won ($132.8 million) with a US aerospace firm, Bell Textron Asia, to purchase some 40 trainer helicopters by 2025, the state arms procurement agency said Monday. The Defense Acquisition Program Administration (DAPA) inked the deal with the firm on May 6 to procure the Bell 505 helicopters and eight simulators to train Army and Navy pilots, its ...

South Korean Lee Kyoung-hoon has successfully defended a PGA Tour title in Texas, holding off former world No. 1 Jordan Spieth for his second career victory. Lee shot a bogey-free round of nine-under 63 in the final round of the AT&T Byron Nelson at TPC Craig Ranch in McKinney, Texas, on Sunday (local time). Lee's day featured seven birdies and an eagle. At 26-under 262, Lee beat Spieth by one ...

PureSoftware is awarded for delivering a strong banking impact through Arttha – a Unified Fintech Platform SINGAPORE and NOIDA, India , May 16, 2022 /PRNewswire/ -- Committed to its pursuit of delivering new-age banking solutions to banks, financial institutions, fintech firms, and the ultimate banking consumer, 'PureSoftware' has developed the industry-leading unified fintech platform --...

SHANGHAI , May 16, 2022 /PRNewswire/ -- To realize full combustion and reduce emissions, the engine of automobile/motorcycle usually requires a temperature pressure sensor on the intake manifold (TMAP) to control the air-fuel ratio quickly and accurately, which can build a balance between power performance, fuel economy and emissions. The automotive absolute pressure sensor with response time ...

SAN JOSE, Calif. , May 16, 2022 /PRNewswire/ -- On May 13 , SID Display Week 2022, a prestigious event hailed as the "Oscars" in the display industry, wrapped up in California , the United States . As a global leader in the semiconductor display industry, BOE again caught the spotlight at the event. Its 86-inch chip-on-glass active matrix Mini LED (COG AM Mini LED) was selected as the Di...

SAN JOSE, Calif. , May 16, 2022 /PRNewswire/ -- Recently, BOE Technology Group Co., Ltd. successfully developed the world's first 55-inch 8K active matrix quantum dot light-emitting diode (AMQLED) display, which is currently exhibited in the SID Display Week 2022 in San Jose, CA. This is another innovation breakthrough in active matrix quantum dot display following the release of 55-inch ...

Double-Digit Internet Value Chain Growth at Risk if Infrastructure Investors Cannot Realise Meaningful Returns LONDON , May 16, 2022 /PRNewswire/ -- A new GSMA report warns market imbalances between network operators and online services providers may put global growth prospects at risk across multiple sectors of the internet-based economy. Policymakers, the report urges, must consider the int...

As of May 6, the bond market expected US consumer price inflation to average 2.5 percent between five and 10 years from now. That is the rate of inflation needed to equalize returns on inflation-indexed and nonindexed US Treasury securities. And given that CPI inflation has been running higher than the rate associated with the implicit price deflator for personal consumption expenditures, I count...

Finance Minister Choo Kyung-ho said Sunday the government will make it a top priority to stabilize rising product prices fueled by the Russia-Ukraine war and other external uncertainties. The government will set up measures for price stabilization through consultations with related ministries as quickly as possible, the finance minister said in a meeting in Seoul. “South Korea stands at...

“We have been doing business with collectors from Korea for many years. At first, the interest by collectors was primarily in important Modern and Postwar art. We now see increasing support for contemporary works by artists of international stature,” she said. “While the strength of the collecting community here is firmly established, the potential for growth is what is exciting to contemplate, ...

In 2021, South Korea’s art market was worth a record 922.3 billion won, based on transactions made at art fairs, auction markets and galleries’ sales, according to Korea Arts Management Service. While art fairs have been a popular destination for art fans to spot celebrity art-lovers, few celebrities were seen this year. “It seems some celebrities are holding off their appearance either at the ...

After holding down the fort for over two years, North Korea finally let COVID-19 slip through the cracks in its tightly sealed doors. Just days since the first cases were announced, North Korea’s total number of related deaths rose to 42, according to the state-run Korean Central News Agency on Sunday. The count of people with fever accumulated since late April reached 820,620, which is about 3 ...

Choi Eung-chon, an art history professor at Dongguk University, has been appointed the new head of the Cultural Heritage Administration. Choi previously served as chair of the Overseas Korean Cultural Heritage Foundation from 2019. He succeeds Kim Hyun-mo, who had served in the role since December 2020. Known as an expert in Buddhist art, Choi graduated from Dongguk University and holds a doct...

The world, particularly the construction sector, should also use more sustainably sourced wood, to protect the environment, the declaration said. Introducing data-based analytics to forest management is needed as well, to enable evidence-based forest and landscape decision-making, according to the declaration. The declaration also stresses that the forestry sector, stakeholders, and government ...