Author: Seoul Reporter

Park Jeong-won (left), chairman of Doosan Group, listens to explanations from Scott Park, vice chairman of Doosan Bobcat, whereas aboard a brand new mini excavator product that serves as Doosan Bobcat’s foremost providing within the European market throughout Bauma 2025 held in April this yr. (Picture courtesy of Doosan Bobcat) Doosan Bobcat has established an area subsidiary in Germany in a transfer to focus on the European market that has emerged as a blue ocean. The corporate established Doosan Bobcat Germany Frankfurt Restricted Co. in Germany final month. The institution of a German company is aimed toward increasing its affect…

ABU DHABI — President Lee Jae Myung held summit talks with United Arab Emirates (UAE) President Mohammed bin Zayed Al Nahyan on Tuesday to debate strategic cooperation within the areas of protection, superior applied sciences and power.Lee attended an official welcoming ceremony on the presidential palace in Abu Dhabi, which will likely be adopted by a ceremony to trade memorandums of understanding, together with within the synthetic intelligence, renewable power, aerospace and cultural sectors.In a written interview with UAE newspaper Aletihad, Lee stated he hopes his go to will lay the inspiration for a “new centennial part” in bilateral ties…

Russia’s spy businesses and Western safety providers are engaged in a secret wrestle to realize custody of a Russian operative suspected of coordinating assaults final yr that prompted air cargo packages to burst into flames in Europe, in response to safety officers and investigators from 5 Western nations.

Former President Moon Jae-in has launched a e book channel on YouTube, the place he’ll recurrently seem to introduce and discuss books of his selection, the net video-streaming service confirmed Tuesday.Moon, who led Korea from 2017-2022, appeared on “Pyeongsan Bookstore TV,” and beneficial a number of books, together with a poetry assortment for youngsters.The video footage, uploaded Monday, had hit greater than 35,000 views as of late Tuesday afternoon.After leaving workplace, Moon opened Pyeongsan Bookstore close to his residence in Yangsan, South Gyeongsang Province, the place he works because the bookstore’s keeper.Moon is anticipated to look on the YouTube channel…

Medium-sized firms in Korea on Tuesday signed export offers and memorandums of understanding (MOUs) price a mixed $16.3 million at an export promotion marketing campaign hosted by the Korea Commerce-Funding Promotion Company (KOTRA), the occasion organizer mentioned.The offers had been signed on the “world join” occasion organized for medium-sized corporations right here, in accordance with KOTRA, which collectively hosted the marketing campaign with the Ministry of Commerce, Business and Sources.Tuesday’s occasion was attended by round 100 world firms, together with U.S. chip large Intel, Thai retailer CP Axtra and Indonesian meals firm Sukanda Djaya.KOTRA mentioned the occasion was a part…

POSCO Worldwide Corp., the vitality and buying and selling arm of metal large POSCO Holdings Inc., has injected a further 1.26 trillion received ($862 million) into Agpa Pte Ltd., which oversees the South Korean firm’s vegetable oil refining enterprise in Southeast Asia.The capital injection, made via a rights providing subscription, raised POSCO Worldwide’s possession within the Singaporean holding agency to 100%.POSCO Worldwide started creating palm plantations in Papua, Indonesia in 2011 and began industrial manufacturing in 2016 as a part of its technique to increase its agri-food enterprise throughout Southeast Asia.It at present operates three oil extraction vegetation, producing 210,000…

A liquefied pure gasoline (LNG) service constructed by HD Hyundai Samho (Picture courtesy of HD Hyundai) HD Hyundai Samho has secured an order for 2 liquefied pure gasoline (LNG) carriers value 741.2 billion received from a North American shipowner, the corporate introduced on Nov. 18. The vessels are scheduled to be delivered sequentially by the second half of 2028. HD Korea Shipbuilding & Offshore Engineering, the intermediate holding firm for HD Hyundai’s shipbuilding division, has achieved 78.9% of its annual goal ($18.05 billion) by securing orders for a complete of 104 vessels ($14.24 billion), together with…

Saudi Crown Prince Mohammed bin Salman is ready to satisfy President Donald Trump on the White Home on Tuesday, a exceptional turnaround for the de facto ruler of Saudi Arabia who had been branded a pariah in 2018 after the CIA concluded that he had authorised the killing of Washington Submit columnist Jamal Khashoggi.

The presidential workplace mentioned Tuesday that South Korea has no hostile intent towards North Korea, hours after the North denounced the discharge of a joint reality sheet on current South Korea-U.S. commerce and safety agreements amounted to “formalizing” a confrontational coverage towards Pyongyang.Earlier within the day, North Korea issued a prolonged commentary carried by the Korean Central Information Company (KCNA), arguing that the U.S. approval of South Korea’s push to construct nuclear-powered submarines will result in a “nuclear domino” phenomenon within the area.”We are going to proceed to work constantly towards easing inter-Korean tensions and restoring belief between the 2…

Low-rise residences fill a neighborhood within the Hwagok neighborhood of Seoul’s Gangseo District. (Kang Chang-kwang/Hankyoreh) The proportion of households dwelling in dwellings that failed to fulfill the minimal housing requirements in Korea rose barely final 12 months, marking the primary improve in seven years. This means worsening housing situations for low-income teams amid deepening housing polarization.On Sunday, the Ministry of Land, Infrastructure and Transport launched a abstract of the findings of the 2024 Korea Housing Survey. The survey outcomes had been primarily based on interviews carried out by the Korea Analysis Institute for Human Settlements and Hankook Analysis, commissioned by…