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News
Singapore marks 61st Independence Day in Seoul
1+ day, 15+ min ago (758+ words) “Your presence here is a testament to how Singapore’s journey as a country has never been a solitary one,” Singapore Amb. Wong Kai Jiun said as the city-state marked its 61st Independence Day in Seoul. The day falls on Aug. 9 every…...
LG teams up with NVIDIA on humanoid robots, AI factories
3+ day, 3+ hour ago (834+ words) South Korea’s LG Group announced on Aug. 14 that it has joined forces with NVIDIA to accelerate cooperation in humanoid robots, AI factories, and mobility, with plans to unveil a next-generation bipedal humanoid robot in the first quarter of next year....
Korea Zinc subsidiary KZAM begins supplying battery copper foil
3+ day, 21+ hour ago (381+ words) Korea Zinc announced on Aug. 13 that its battery materials subsidiary KZAM has begun mass-producing and supplying copper foil for batteries to a global battery manufacturer. The company said that the measure marks tangible progress in its push into the secondary…...
Korean Air, Asiana secure approvals for December merger
4+ day, 19+ hour ago (275+ words) South Korea’s Korean Air announced on Aug. 12 that the country's flag carrier and Asiana Airlines have secured the necessary board and shareholder approvals for their merger. The Seoul-based company noted that it has cleared a major hurdle toward the launch…...
Ecuador marks 217th Independence Day anniversary in Seoul
4+ day, 22+ hour ago (496+ words) Political relations between Ecuador and the Republic of Korea are at an excellent level, Ecuadorian Ambassador to Korea Patricio Esteban Troya Suárez said at a diplomatic reception on Aug. 10 marking the 217th anniversary of Ecuador’s Independence Day. The reception, held earlier…...
Mirae Asset Securities posts record quarterly profit
4+ day, 21+ hour ago (560+ words) South Korea’s Mirae Asset Securities announced on Aug. 12 that it has posted a record quarterly net profit of 1.91 trillion won ($1.4 billion) in the second quarter, up 90 percent from a year ago.. The Seoul-based brokerage has become the country’s first brokerage…...
Hana Bank opens foreign exchange capital transaction center in Seoul
5+ day, 4+ hour ago (453+ words) South Korea’s Hana Bank announced on Aug. 12 that it has opened a specialized foreign exchange capital transaction center in southern Seoul to strengthen its expertise in foreign exchange services. The major affiliate of Hana Financial Group said that it has…...
Tong Yang Life becomes wholly owned unit of Woori Financial
6+ day, 4+ hour ago (331+ words) South Korea’s Tong Yang Life Insurance announced on Aug. 11 that it has completed a comprehensive share swap with Woori Financial Group, becoming the latter’s wholly owned subsidiary. The Seoul-based insurer said that the transaction is expected to strengthen group-wide synergies…...
ABL Life strengthens captive sales channel
6+ day, 3+ hour ago (347+ words) South Korea’s ABL Life Insurance announced on Aug. 11 that it has strengthened its captive sales channel on the back of strong financial consultant retention and policy persistency rates. The insurer, an affiliate of Woori Financial Group, has made efforts to…...
Paris Baguette opens first store in Laos
6+ day, 4+ hour ago (265+ words) Paris Baguette announced on Aug. 11 that the corporation has opened its first store in Laos, becoming the first South Korean bakery chain to enter the Southeast Asian country. The launch expands Paris Baguette’s presence in Southeast Asia to seven countries,…...