Author: Seoul Reporter

[ad_1] Hyundai Motor, Korea’s main carmaker, stated Sunday it has signed an settlement with Singapore’s science and know-how company to cooperate on superior applied sciences on mobility options.The memorandum of understanding (MOU) between the automaker and Singapore’s Residence Staff Science and Expertise Company (HTX) was signed on Friday through the Ok-Tech Showcase occasion held within the southeastern metropolis of Gyeongju, North Gyeongsang Province, on the sidelines of the Asia-Pacific Financial Cooperation (APEC) summit.Established in 2019 beneath Singapore’s inner affairs ministry, HTX is a analysis company that develops superior applied sciences in public security, border safety, chemical and organic protection and…

[ad_1] Chinese language President Xi Jinping’s caravan passes via the tollbooth for Gyeongju on Oct. 30, 2025. (Yonhap) The 2025 Asia-Pacific Financial Cooperation financial leaders’ assembly formally kicked off in Gyeongju, North Gyeongsang Province, on Friday.The summit’s first session started on the Gyeongju Hwabaek Worldwide Conference Heart at 10 am.President Lee Jae Myung of South Korea attended the session in his capability as this 12 months’s APEC chair. Additionally on the session have been leaders of different main member nations, together with Chinese language President Xi Jinping and Japanese Prime Minister Sanae Takaichi, in addition to Sheikh Khaled bin Mohamed…

[ad_1] This yr’s Asia-Pacific Financial Cooperation (APEC) was a profitable international negotiation desk for Korean shipbuilders, as firms signed a number of partnerships to advance digitalized shipbuilding practices and develop their presence in APEC economies. HD Hyundai mentioned Sunday it has signed a strategic collaboration for U.S. shipbuilding revitalization with Siemens on the sidelines of the APEC CEO Summit, which came about from Oct. 29 to 31.By means of the memorandum of understanding, the 2 firms purpose to reinforce the general competitiveness of the U.S. shipbuilding business by bettering design high quality, minimizing course of dangers and decreasing prices. By…

[ad_1] President Xi Jinping of China is welcomed to Korea by International Minister Cho Hyun upon his arrival at Gimhae Worldwide Airport in Busan on Oct. 30, 2025. (Xinhua/Yonhap) China expressed unease about US President Donald Trump’s Thursday put up on Reality Social that he had given South Korea the inexperienced gentle to construct a nuclear-powered submarine. “Our Navy Alliance [with Korea] is stronger than ever earlier than and, based mostly on that, I’ve given them approval to construct a Nuclear Powered Submarine, somewhat than the old school, and much much less nimble, diesel powered Submarines that they’ve now,” the US…

[ad_1] Frank F&B, operator of the handcrafted burger franchise Frank Burger, was fined for partaking in unfair practices towards its franchisees, the antitrust regulator stated Sunday.The Truthful Commerce Fee (FTC) stated it imposed a fantastic of 641 million received ($448,032), together with corrective actions, for the corporate’s violations of the Franchise Enterprise Act.The corporate is accused of distributing franchise brochures containing false or exaggerated projected earnings to potential franchisees for a few yr from January 2021.It additionally allegedly pressured franchisees to buy 13 gadgets, together with forks and knives, completely from the headquarters, despite the fact that these weren’t obligatory…

[ad_1] The 2025 Asia-Pacific Financial Cooperation (APEC) CEO Summit completed its four-day program on an upbeat notice, drawing participation from the leaders of the 21 APEC member economies and a few 1,700 international enterprise executives.Held from Oct. 29 to 31, the occasion efficiently served as a platform for international financial leaders to debate the way forward for synthetic intelligence (AI), vitality and different key industries. Central to these discussions was SK Group, whose chairman, Chey Tae-won, additionally served as summit host, because the group’s associates offered progressive concepts and directed contributors’ efforts to discover alternatives.Chey Tae-won, chairman of SK Group…

[ad_1] SK Group Chairman Chey Tae-won mentioned Korea can play an important function “as a take a look at mattress” for the worldwide synthetic intelligence (AI) ecosystem, citing the nation’s power in adopting new applied sciences shortly and making use of them to the actual world.In an interview with Bloomberg TV on the sidelines of the Asia-Pacific Financial Cooperation CEO Summit in Gyeongju, North Gyeongsang Province, Chey mentioned Korea could not have as many sources as america or China, but it surely presents an excellent atmosphere for testing new AI applied sciences.“Our facet is nice for the take a look…

[ad_1] Samsung E&A Co. has secured a contract value $475 million (680 billion gained) to construct a low-carbon ammonia manufacturing plant within the US, marking its first-ever challenge within the rising clear ammonia sector.The South Korean engineering and development firm stated Thursday that it signed an engineering, procurement and fabrication (EPF) settlement with Wabash Valley Assets, a US-based power developer. The contract interval is 30 months.Below the challenge, Samsung E&A will assemble an eco-friendly facility in West Terre Haute, Indiana, able to producing 500,000 tons of ammonia per 12 months whereas capturing 1.67 million tons of carbon dioxide yearly. The…

[ad_1] The Nationwide Pension Service (NPS), South Korea’s state-run pension fund and the nation’s largest institutional investor, has posted a document revenue, buoyed by a robust rally in home equities that pushed the fund’s year-to-date return above 20% – the strongest efficiency amongst world public pension funds. [ad_2]

[ad_1] A particular counsel workforce has cited circumstances that Kim Keon Hee, spouse of former President Yoon Suk Yeol, might have been concerned in a collection of personnel requests for the presidential workplace below the earlier administration.On Wednesday, particular counsel Min Joong-ki’s workforce disclosed proof {that a} shaman concerned in Kim’s bribery case had requested the appointment of eight people to posts on the presidential workplace by Kim, shortly after the 2022 presidential elections.Two of them have been later confirmed to have labored on the presidential workplace, whereas one other was appointed as a consul common in September that yr.Investigators…