HYDERABAD, India , March 24, 2022 /PRNewswire/ -- ISG has named ValueLabs a Product Challenger for its excellence in Managed Container Services. In its report, ISG cited ValueLabs' product versatility, its extensive partnership network, and its highly skilled workforce. Key highlights mentioned by ISG include: Product versatility: Simplicity and innovation are the major differentiators of Va...

Hong Ra-hee, Samsung Electronics Vice Chairman Lee Jae-yong’s mother, reportedly sold her shares in the company worth 1.3 trillion won ($1.06 billion) in a block trade Wednesday, the latest stake sale by the Samsung family being carried out apparently to pay inheritance taxes. According to industry sources on Thursday, Hong entrusted the sale of her 0.33 percent stake in Samsung Electronics to K...

SINGAPORE , March 24, 2022 /PRNewswire/ -- ONE Championship today announced a multi-year partnership with TUMI , one of the world's leading premium lifestyle and luxury performance brands. TUMI is proud to be named the official premium luggage partner to ONE Championship. The partnership includes live broadcast integrations and the development of a bespoke travel case and sling exclusively ...

The Seoul High Court on Thursday temporarily suspended the punishment imposed by financial authorities on Hana Financial Group Chairman-nominee Ham Young-joo for improper sales of derivatives-linked products. The decision follows Ham’s move last week to file an appeal against a lower court’s ruling that found him guilty of the charges. The Seoul High Court accepted an injunction to delay the im...

- Offering Next Generation Air Transportable Galley/Lavatory (NG-ATGL), Aeromedical and VIP Modular Solutions and Palletised Seating Systems for the Indian Aerospace Market . BANGALORE, India , March 24, 2022 /PRNewswire/ -- Knight Aerospace and Rossell Techsys have teamed up to provide quick-change roll-on/roll-off palletised solutions for cargo aircraft conversion including next generation...

South Korea's financial regulator called Thursday for local insurers to increase their loan loss reserves as part of efforts to better cope with potential risks facing the industry amid increasing financial market uncertainty. Jeong Eun-bo, head of the Financial Supervisory Service (FSS), made the call in a meeting with top officials of insurance firms in Seoul and voiced worries that there are ...

Shareholders of Hyundai Motor Co. have reelected Chairman Euisun Chung as executive director for another three years, the company said Thursday. Chung will begin his extended director role on April 1 to lead the South Korean automotive group's transition into the provider of future mobility solutions, such as autonomous driving and electric vehicles, Hyundai said. The chairman's three-year dire...

SAN MATEO, Calif. , March 24, 2022 /PRNewswire/ -- AI anchor Wang, the first AI anchor adopted by the Chinese Central Television (hereinafter referred to as CCTV), will be introduced this March through a featured program. AI anchor Wang also will be actively used in news and economic programs from this year. The AI anchor of CCTV, with its natural voices and facial expressions, is an AI human ...

South Korean steel giant Posco said Thursday it has broken ground on a lithium hydroxide plant in Argentina. The $830 million project calls for the establishment of the plant near the Salar del Hombre Muerto salt lake in northern Argentina, with an annual production capacity of 25,000 tons of lithium hydroxide. The plant is expected to be completed in the first half of 2024, and the capacity is...

President Moon Jae-in has sent a letter to Chinese President Xi Jinping to express condolences over the recent crash of a Chinese airliner, Moon's office said Thursday. In the letter, Moon offered deep sympathy to victims and their bereaved families, presidential spokesperson Park Kyung-mee said in a statement. The China Eastern flight crashed in southern China with 132 people on board earlier ...

- Started construction of a 25,000-ton lithium plant based at Salar del Hombre Muerto… Completion by 2024 - Construction of an additional 25,000-ton plant is scheduled to begin within this year... Expand to 100,000 tons by 2028 SEOUL, South Korea , March 24, 2022 /PRNewswire/ -- POSCO Holdings started construction of a plant to commercialize brine lithium in Argentina . The POSCO Group is Ar...

WASHINGTON -- Expanding and maintaining channels of high-level dialogue between countries, especially in times of crises, is a key to ensuring security in the Northeast Asian region, including the Korean Peninsula, a transnational group of experts and leaders said Wednesday. They also stressed the importance of promoting cooperation between the countries in areas such as disaster relief to build...

The Tongyeong International Music Festival (TIMF), a leading annual classical music gala in South Korea, will begin this year's edition Friday as it marks its 20th anniversary. The 2022 festival will run through April 3 in Tongyeong, on the southern coast, presenting some 30 classical concerts and performances under the theme "Vision in Diversity." The 2020 edition of TIMF was canceled due to t...

South Korea's exports of snacks hit a record high last year on the back of demand by stay-at-home consumers amid the COVID-19 pandemic and the popularity of the Korean pop culture, customs data showed Thursday. Exports of snacks came to an all-time high of $466 million last year, up 13.1 percent from a year earlier and extending their gains to the second straight year, according to the data from...

South Korea’s import prices of grain has jumped nearly 50 percent over the past two years to a near nine-year high amid the prolonged coronavirus pandemic, data showed. Prices of imported grains came to $386 per ton in February, up 26 percent from a year earlier and 47.4 percent from two years earlier, according to the data from the Korea Customs Service and industry sources. The February pe...