SEOUL– Crown Prince Guillaume Jean Joseph Marie of Luxembourg met a Korean War veteran in Seoul on Tuesday as part of an event to honor the sacrifices of troops from the European country who fought in the 1950-53 conflict, the veterans ministry said. The ministry set up the meeting between the crown prince and … Read more
SEOUL– South Korea’s central bank said Tuesday it will sell 7.8 trillion won (US$5.9 billion) worth of monetary stabilization bonds (MSBs) in December. The amount is about 2.1 trillion won smaller than the MSB sale planned for this month, according to the Bank of Korea. The MSB is a policy tool devised to … Read more
Jeito Capital demonstrates European biopharma leadership with first exit with AstraZeneca acquisition of Neogene Therapeutics Deal validates Jeito’s unique investment model of selecting high–quality assets developed by world-leading teams in therapeutic areas with high unmet need Paris, France, November 29th 2022 – Jeito Capital (“Jeito”), the largest fully independent international private equity firm dedicated to […]
SEOUL– Hyundai Motor Group said Tuesday it has signed an initial pact with car battery maker SK On Co. to secure batteries for its dedicated electric vehicle (EV) plant in the United States. The two South Korean companies have signed a memorandum of understanding for the supply of batteries and future business opportunities in … Read more
SEOUL/PAJU, Nov. 29 (Joint Press Corps-Yonhap) — Unification Minister Kwon Young-se made his first visit to the inter-Korean truce village of Panmunjom as Seoul’s top point man on Pyongyang on Tuesday. He expressed hope for “even a warm breeze” to help warm frosty relations between the two Koreas as he toured Panmunjom, which often … Read more
SEOUL— South Korea’s financial regulator said Tuesday that it will exempt Musicow Inc. from punishment as the music copyright trading platform has carried out all required steps to improve investors’ protection. “It has been confirmed that Musicow has carried out all conditions for business overhaul required by the Securities and Futures Commission,” the Financial … Read more
SEOUL– President Yoon Suk-yeol said Tuesday his government will take all possible measures to deal with the prolonged strike by unionized truckers, as long as they stick to “unjustified” demands. Yoon made the remarks while presiding over a weekly Cabinet meeting to approve an executive return-to-work order for striking cement-field cargo truck drivers, as … Read more
SEOUL– South Korea invoked a return-to-work order on truckers of the cement industry, the finance minister said Tuesday, pointing out their on-going strike weighs down on the national economy. The decision came as thousands of truckers have been on a strike since Thursday, demanding the government extend temporary rules guaranteeing minimum freight rates, which … Read more