Author: Seoul Reporter

POSCO Worldwide accomplished the complete worth chain of its palm oil enterprise by way of the acquisition of an Indonesian plantation firm and the completion of a palm oil refinery within the Southeast Asian nation.The buying and selling and vitality arm of POSCO Group stated Thursday that its Singapore-based subsidiary acquired a 65.72 % stake in Sampoerna Agro for $566 million. The entire funding is anticipated to achieve as much as $862 million, given Indonesia’s monetary rules requiring POSCO Worldwide to make a young supply for the remaining shares held by minority traders.“With this acquisition, POSCO Worldwide has added 128,000…

A medical evacuation helicopter (Medion) flies within the sky. (Picture courtesy of KAI) Korea Aerospace Industries (KAI) introduced on Nov. 20 that it has signed a contract with the Protection Acquisition Program Administration for the second section mass manufacturing of medical evacuation helicopters price roughly 163 billion received. This contract consists of medical evacuation helicopters, technical manuals, spare elements, and different built-in system help components, with a contract interval extending till December 2028. The medical evacuation helicopters are designed to safe golden time for emergency sufferers and offering affected person evacuation and aid help throughout nationwide disasters. The…

Actor Heo Sung-tae, famend for his chilling villainous roles, notably in “Squid Recreation” Season 1, makes a dramatic and hilarious shift in his first main movie, “The Informant.”The action-comedy facilities on Oh Nam-hyuk (Heo), a burned-out cop dreaming of retirement. He seeks to tug off a remaining operation by using Jo Tae-bong (Jo Bok-rae), his informant inside a smuggling ring. When Tae-bong betrays Nam-hyuk and steals the money, Nam-hyuk will get kidnapped. This forces each of them to work collectively on a harmful case to outlive.Heo’s efficiency is a serious spotlight of this movie as he broke away from his…

CAIRO — President Lee Jae Myung is ready to carry summit talks with Egyptian President Abdel Fattah El-Sisi on Thursday and description South Korea’s new initiatives for the Center East throughout his three-day go to to Egypt.Lee arrived in Cairo from Abu Dhabi, the United Arab Emirates, on the second leg of his four-nation journey, which can even take him to South Africa and Turkey.On Thursday, Lee is scheduled to carry a summit assembly with Egyptian President El-Sisi to debate bilateral cooperation in varied fields.The 2 leaders are anticipated to debate methods to increase commerce, funding and cultural exchanges as…

Kim Ah-hyun, 27, an activist who was detained by Israel final month after becoming a member of a Gaza help flotilla, was awarded this yr’s Korean Church buildings Human Rights Award, the oldest human rights prize in Korea, given to those that advance human dignity.The Korean Church buildings Human Rights Middle stated Monday that Kim was honored for elevating consciousness of the struggling of Palestinian refugees and actively participating in humanitarian aid efforts.Kim, a member of Thousand Madleens to Gaza — a volunteer coalition that sends help flotillas to problem the Gaza blockade — is the primary Korean to participate…

The Hanwha Eagles signed coveted free agent slugger Kang Baek-ho to a multiyear deal on Thursday, making an enormous splash in a comparatively skinny market.The Eagles mentioned Kang, 26, agreed to a four-year contract value as much as 10 billion received ($6.8 million). Kang obtained a signing bonus of 5 billion received and his complete wage over the period of his contract will likely be 3 billion received. He could make one other 2 billion received in incentives.Kang, who throws proper and bats left, has spent his complete eight-year profession within the Korea Baseball Group (KBO) up so far with…

WASHINGTON — U.S. President Donald Trump mentioned he’ll meet New York Metropolis Mayor-elect Zohran Mamdani on the White Home on Friday in what can be the primary assembly of the Republican chief with the democratic socialist who received this month’s mayoral election.Mamdani and Trump have been crucial of one another, with Trump having backed Mamdani’s opponent, Andrew Cuomo.Mamdani, for his half, has been crucial of the Trump administration’s insurance policies, together with its crackdown on immigration and U.S. assist for Israel through the Gaza conflict.”We have now agreed that this assembly will happen on the Oval Workplace on Friday, November…

The Coast Guard on Thursday detained the primary mate and the helmsman of a passenger ferry that ran aground off the southwestern coast, resulting in the rescue of all 267 individuals aboard.The primary mate, in his 40s, and the helmsman, an Indonesian nationwide in his 40s, have been apprehended on expenses of inflicting damage by gross negligence after each have been discovered to have uncared for their duties earlier than the accident Wednesday.Not one of the passengers have been severely injured, however some have been taken to hospitals after complaining of gentle pains or nervous breakdowns.In keeping with investigators, the…

The PLANS Fujian, China’s new cutting-edge, indigenously designed plane provider. (Xinhua/Yonhap) The Fujian, China’s third commissioned plane provider, returned to port after finishing its first live-force maritime workouts, which included precise firing.This comes at a time when friction between Beijing and Tokyo has been intensifying within the wake of Japanese Prime Minister Sanae Takaichi’s remarks concerning the potential train of Japan’s collective self-defense authority within the occasion of an emergency involving Taiwan.The speedy chill in relations between the 2 sides has some analysts predicting the Chinese language army and coast guard might broaden its army actions within the waters round…

Samsung Heavy Industries Co., considered one of South Korea’s prime three shipbuilders, has secured a landmark order for seven container carriers value almost 2 trillion received ($1.4 billion), giving the yard considered one of its largest single contracts and sending its shares increased on Thursday.The corporate mentioned in a regulatory submitting that an Asia-based shipowner on Wednesday positioned the order, valued at about 1.92 trillion received, equal to roughly 19% of the corporate’s most up-to-date annual gross sales. The vessels are scheduled for supply between late 2025 and late 2029.With the brand new contract, Samsung Heavy has booked a complete…