Ruling party chief departs for Lula’s inauguration as presidential envoy

SEOUL– Ruling People Power Party (PPP) leader Chung Jin-suk left for Brazil on Friday to attend the inauguration of incoming Brazilian President Luiz Inacio Lula da Silva as a special presidential envoy.   The delegation led by Chung will attend the ceremony scheduled for Sunday (local time) and deliver a letter from President Yoon Suk … Read more

Samsung taps ex-Benz designer to lead mobile design team

SEOUL– Samsung Electronics Co. said Friday it has appointed Hubert H. Lee, a senior designer at Mercedes-Benz, as its new head of mobile business.   Lee will be in charge of Samsung’s Mobile eXperience (MX) Design Team, which oversees the design of its flagship Galaxy models like the S Series, Z Series and Galaxy Watch. … Read more

After BIGBANG, boy group iKON to leave YG Entertainment

SEOUL– All six members of K-pop boy group iKON will leave YG Entertainment with the expiration of their seven-year contracts with the agency, the company said Friday.   “After a long discussion about their future activities with iKON members (Bobby, Jay, June, Song, DK and Chan), we have agreed to end the exclusive management contracts … Read more

S. Korea’s nuclear envoy discusses N.K. issue with U.S., Chinese counterparts

SEOUL– South Korea’s top nuclear envoy on Friday held back-to-back phone consultations with his United States and Chinese counterparts to discuss ways to prevent North Korea from engaging in further provocations and make it return to denuclearization talks, Seoul’s foreign ministry said.   In their consultations, Kim Gunn, Seoul’s special representative for Korean Peninsula peace … Read more

Travel to Japan booms on visa-free entry, yen’s weakness

SEOUL– Travel demand to Japan has exploded in South Korea amid a weak yen and Japan’s easing of virus restrictions, industry data showed Friday.   Japan resumed visa-free entry of international travelers in early October, after two years of strict border control to contain the spread of the coronavirus. The Japanese yen also touched a … Read more

Saint Lucia updates its Citizenship by Investment regulations to remain competitive in the investment migration industry

Castries, Dec. 30, 2022 (GLOBE NEWSWIRE) — Saint Lucia has amended the regulations of its Citizenship by Investment Programme to remain increasingly competitive and ensure that the Caribbean country fulfils its mandate of growing demand for its investment products for the ultimate benefit of the people of Saint Lucia. As one of the youngest Citizenship […]

Principion and LDA Capital signed a Put Option Agreement for up to 10 million Azerion shares

Amsterdam, 30 December 2022 – Today, Azerion has announced that its largest shareholder, Principion Holding BV, has signed a put option agreement with LDA Capital Limited for the sale of up to 10 million ordinary shares in Azerion, with the primary purpose of supporting liquidity of Azerion’s shares and directing part of the proceeds to […]

Jeonbuk top K League’s payroll for 9th consecutive year

SEOUL– They may have fallen short of winning a championship this year, but Jeonbuk Hyundai Motors led South Korean football in payroll yet again.   The Korea Professional Football League (K League) released salary figures for 11 of the 12 clubs in the top-flight K League 1 on Friday, with an exception of the military … Read more