Author: Seoul Reporter

[ad_1] Hanwha Group headquarters exterior (Photograph offered by Hanwha) Main subsidiaries of Hanwha Group have launched into large-scale capital investments focusing on their US native companies. Based on digital disclosures on Nov. 24, Hanwha Options, Hanwha Programs, and Hanwha Ocean selected paid-in capital will increase totaling roughly 1.2151 trillion received (roughly $867 million). They generally purpose to safe financing for buying stakes in different companies. Hanwha Options selected a shareholder allocation paid-in capital enhance of roughly 285.3 billion received for its subsidiary Hanwha Q CELLS American Holdings. The brand new share issuance value is 1.472…

[ad_1] President Lee Jae Myung of South Korea enters the assembly corridor of the Nasrec expo middle in Johannesburg, South Africa, on Nov. 22, 2025, as he attends the G20 summit. (Yonhap) South Korea is about to host the 2028 Group of 20 summit, which is able to coincide with the twentieth anniversary of the framework’s launch.That is to be the primary time South Korea has hosted the occasion in 18 years, having final hosted in 2010.President Lee Jae Myung stated Sunday that he would “play my function with an infinite sense of duty to solidify the G20’s standing as…

[ad_1] US President Donald Trump and South African President Cyril Ramaphosa. (AFP/Yonhap) Leaders of the Group of 20 nations made the surprising transfer of adopting a declaration on the primary day of their summit in South Africa on Saturday. Usually, such statements are introduced on the closing day of multilateral summits, however South Africa made the aggressive transfer of asserting the declaration on the summit’s first day, regardless of specific opposition to the doc from the US. The workplace of the South African president introduced throughout a press convention in Johannesburg, the place the summit was held, that the leaders’ declaration…

[ad_1] The weakening of the received in opposition to the U.S. greenback at an accelerating tempo is resulting in greater costs for luxurious items at duty-free shops in comparison with common shops, in accordance with trade officers Monday.As objects at duty-free shops are priced in {dollars}, they’re turning into dearer when transformed to the received. The Korean forex is persistently remaining on the 1,400-won vary per greenback, a worrisome threshold.The received closed at 1,477.1 received per greenback throughout daytime buying and selling Monday, weakening by 1.5 received and renewing its seven-month low, a degree it reached on Friday.In consequence, a…

[ad_1] A complete of seven bio firms joined the ‘market cap 1 trillion received membership’ within the KOSDAQ market this yr. (Photograph: BusinessKorea DB) Newcomer bio firms that went public on the KOSDAQ this yr are successively breaking by way of a market capitalization of 1 trillion received (roughly $680 million) in lower than a yr. That is the primary time that bio firms have entered the 1 trillion received market cap membership of their first yr of itemizing. Ok-Bio firms which have approached a market cap of 1 trillion received in lower than a yr…

[ad_1] KT Wiz outfielder Ahn Hyun-min has been voted the perfect rookie in Korean baseball for the 2025 season.The 22-year-old slugger gained the Rookie of the Yr prize within the Korea Baseball Group (KBO) in a landslide Monday, incomes 110 out of 125 votes forged by media, after a extremely productive season for the Wiz.Hanwha Eagles pitcher Jeong Woo-joo completed a distant runner-up with 5 votes.Ahn led all freshmen with a .334 batting common, 22 residence runs, 80 RBIs, a .448 on-base share and a .570 slugging share. Ahn ranked first total in on-base share, second in batting common and…

[ad_1] ANKARA — President Lee Jae Myung on Monday paid tribute to the late Mustafa Kemal Ataturk, the founder and first president of Turkey, because the Korean chief started his official two-day state go to to Ankara geared toward increasing bilateral cooperation.”In honor of Ataturk, we are going to transfer ahead collectively for the shared prosperity of the brother nation that shed blood alongside us,” Lee wrote in a memorial ebook on the mausoleum of Ataturk. He then laid a wreath of white and crimson flowers, the colours of the Turkish flag, on the mausoleum.Turkey despatched the fourth-largest variety of…

[ad_1] Native electrical automobile (EV) makers are going through rising threats from their Chinese language and European friends, as they’re shifting to develop additional into the Korean market subsequent yr, as the federal government is ready to sharply enhance subsidies for all-electric vehicles.The federal government lately determined to allocate 936 billion received ($634 million) for EV subsidies in 2026, up 20 % from the earlier yr. The numerous enhance within the finances displays the federal government’s dedication to supporting the expansion of the native EV business and sustainable mobility.Abroad carmakers, significantly from China and Europe, want to capitalize on alternatives…

[ad_1] LNG vessel constructed by HD Hyundai Heavy Industries. (Photograph supplied by HD Hyundai Heavy Industries) The biggest-scale liquefied pure fuel (LNG) initiatives in historical past are getting on monitor, and the worldwide LNG service order cycle is predicted to speed up once more. Observations counsel that with last funding choices (FID) for main initiatives centered in america being confirmed in succession, large-scale LNG vessel orders will acquire momentum beginning subsequent 12 months. In response to the shipbuilding business on the twenty fourth, U.S. LNG improvement corporations’ initiatives are consecutively reaching the FID stage, revitalizing…

[ad_1] President Lee Jae Myung has warned dangers of unintended clashes with North Korea, saying Seoul should proceed to make efforts with endurance to renew dialogue with Pyongyang to scale back such dangers.Lee gave the evaluation on inter-Korean relations at a press convention aboard his flight from Johannesburg to Ankara on Sunday (native time), as a part of his four-nation journey to Africa and the Center East.Inter-Korean relations have turned extraordinarily hostile and confrontational, and North Korea is partaking in very excessive actions with out even probably the most primary stage of belief,” Lee advised reporters. “We’re in a really…