S. Korea to invest 107 bln won in Gwangju AI complex project this year

SEOUL– South Korea plans to invest 107.6 billion won (US$90.1 million) this year to push ahead with a major project to build an artificial intelligence complex by 2024, the science ministry said Monday.   In November last year, South Korea broke ground for a mass-scale construction project in Gwangju, 330 kilometers south of Seoul, to … Read more

Unification minister to brief foreign envoys on N. Korea policy

SEOUL– South Korea’s minister in charge of inter-Korean relations will brief foreign ambassadors and international organizations on the government’s policy direction on North Korea later this week, a ministry official said Monday,   Unification Minister Lee In-young plans to share his assessment of the recent security situation on the peninsula during the Tuesday session to … Read more

7 Lee confidants pledge not to take any appointed post

SEOUL– Seven confidants of ruling party presidential candidate Lee Jae-myung said Monday they will not take any appointed post even if Lee is elected, as they appealed for support for Lee amid sluggish support.   The pledge from the seven former and current lawmakers, including the ruling Democratic Party’s secretary-general Rep. Kim Young-jin and Rep. … Read more

Yoon pledges to normalize military drills with U.S., enhance deterrence against North

SEOUL– Main opposition presidential candidate Yoon Suk-yeol promised Monday if elected, he will normalize the joint military exercises with the United States and enhance the allies’ extended deterrence against North Korea’s nuclear threats.   The former prosecutor general representing the conservative People Power Party (PPP) announced his campaign pledges on national security and foreign affairs … Read more

Philips delivers Q4 sales of EUR 4.9 billion and income from continuing operations of EUR 139 million; Adjusted EBITA margin amounts to 13.1%, operating cash flow is EUR 720 million; good demand drives mid-single-digit order intake growth

January 24, 2022 Fourth-quarter highlights Group sales amounted to EUR 4.9 billion, with a 10% comparable sales decline Comparable order intake increased 4%, driven by double-digit growth in the Diagnosis & Treatment businesses Income from continuing operations amounted to EUR 139 million and included an impact of EUR 220 million related to the addition to […]