Author: Seoul Reporter

A nighttime view of Yeocheon NCC Plant 1 (Captured from Yeocheon NCC web site) DL Chemical and Hanwha Options, co-shareholders of Yeocheon NCC, have determined to transform loans of as much as 300 billion received into fairness investments inside this yr. Negotiations on uncooked materials provide costs acquired from Yeocheon NCC can even be finalized by subsequent month. In accordance with the monetary sector on Nov. 13, DL and Hanwha are discussing normalization measures for Yeocheon NCC with these contents. A senior enterprise neighborhood official concerned within the consultations between the 2 corporations defined,…

Ahn Jung-hyun, president of the M&A Staff at Samsung Electronics’ Enterprise Help Workplace (Photograph courtesy of Samsung Electronics) Samsung Electronics Chairman Lee Jae-yong has just about accomplished all preparations for aggressive administration. Final week, the corporate established a merger and acquisition (M&A) group throughout the Enterprise Help Workplace, which serves because the management tower for Samsung Electronics’ operations, and entrusted the management to President Ahn Jung-hyun, a publicly recruited government who efficiently led the Harman acquisition in 2017 (price roughly 9 trillion gained on the time). Lee, who has already accomplished trillion-won-scale M&As this yr, is…

At the very least 9 individuals in southern Ethiopia have been contaminated with the lethal Marburg virus, a clinically related cousin to Ebola, within the East African nation’s first outbreak of the extremely contagious illness, the World Well being Group mentioned Friday. Ethiopia’s well being ministry additionally confirmed the outbreak.

Lee Yong-ho (second from left in again row), CEO of LX Pantos, takes a commemorative photograph with Zhang Yi (third from left), chairman of Sinotrans, and officers from each corporations at Sinotrans headquarters in Beijing, China on Nov. 13 for the signing ceremony of the Korea-China multimodal transportation specialised three way partnership institution contract. (Picture courtesy of LX Pantos) LX Pantos is establishing a three way partnership with China’s largest logistics firm to focus on the quickly rising sea-air multimodal transportation market. The corporate plans to construct a worldwide transshipment community primarily based on China-originated e-commerce…

An indication stands on the entrance of KAIST. (Picture courtesy of KAIST) KAIST has been chosen as a key collaborating establishment within the Lunit consortium for the “Nationwide AI Mannequin” challenge. KAIST introduced on Nov. 14 that it will take part within the “AI-Specialised Basis Mannequin Improvement Venture” by the Lunit consortium overseen by the Ministry of Science and ICT, formally starting the event of AI basis fashions specialised in medical science and bio sectors. By this challenge, KAIST will develop a medical science-specialized AI basis mannequin that encompasses your entire lifecycle of bio and medical information, main…

The logos of Warner Bros. Animation and Webtoon Leisure (Picture courtesy of Naver Webtoon) Naver Webtoon will produce animations primarily based on its webtoons in cooperation with a manufacturing firm below Warner Bros. The corporate is searching for to increase its animation enterprise past Japan and into the US to focus on abroad markets. Webtoon Leisure, the U.S. headquarters of Naver Webtoon, introduced on Nov. 12 (native time) its animation venture growth plan with Warner Bros. Animation. The 2 corporations will collectively produce ten webtoon-based animation titles with the aim of world distribution. Webtoon Productions, which…

Protection Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine returned to the White Home on Friday for a second consecutive day of deliberations centered on potential army motion in Venezuela, as U.S. forces within the area ready for doable assault orders, in accordance with folks acquainted with the matter.

AriBio’s CI (Photograph courtesy of AriBio) AriBio introduced on Nov. 13 that it has been chosen for a analysis venture by the Medical Analysis Council (MRC) in the UK and has begun medical analysis to increase the event of its oral Alzheimer’s drug candidate AR1001 right into a therapy for vascular dementia. For this analysis, the corporate will obtain analysis funding of two million kilos (roughly 3.9 billion received or $2.63 million), from the MRC. The MRC is a medical analysis assist company underneath the U.Ok. authorities that has funded primary and utilized analysis for 112…

The KOSPI and the won-dollar alternate price are proven on an digital board within the dealing room of Hana Financial institution’s headquarters in Euljiro, Seoul, on Nov. 14. (Captured from YTN) Regardless of the decline in worldwide oil costs, import costs final month rose almost 2 % as a result of affect of a excessive alternate price. Based on the “October 2025 Export and Import Value Index” launched by the Financial institution of Korea on Nov. 14, import costs in October elevated 1.9 % from the earlier month within the Korean gained phrases. This marks the…

NEW YORK — The U.S. shutdown has ended however the hangover is simply starting for traders, who fear gaps in financial knowledge will delay and even derail Federal Reserve charge cuts simply as worries over lofty AI inventory valuations have put recent strain on corporations’ shares and bonds.Concern drove the heaviest selloff for the rate-sensitive Nasdaq in a month on Thursday on the heels, every week in the past, of its largest weekly drop since April. The index, which has soared this 12 months with booming AI shares, is down about 5 % from October’s peak.Indexes rotated on Friday, with…