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Korean travel platform operator Yanolja announced Monday that it is participating in the 2025 World Economic Forum in Davos, Switzerland, running through Friday, to showcase its vision for artificial intelligence-driven travel solutions. Kim Jong-yoon, CEO of Yanolja Cloud, will speak at the panel session “Bridging Borders: Travel and Tourism’s Role in Building Trust” on Tuesday. He will present Yanolja’s Vertical AI technology and its applications in accommodation, transportation and leisure se
Hana Financial Group Chairman Ham Young-joo and top executives of Bain Capital, a leading global private equity firm, recently met in Seoul to discuss expanding bilateral collaboration. Bain Capital’s delegation included co-managing partners John Connaughton and David Gross, as well as partner Lee Jung-woo. The discussions revolved around strengthening communication to facilitate increased investment in the Korean market, according to Hana Financial officials Sunday. Hana Financial and Bain Capi
South Korea’s National Pension Service is set to give the upper hand to the current management of Korea Zinc, supporting management proposals such as cumulative voting in the shareholders’ meeting slated to take place Thursday. Holding a 4.51 percent stake in the zinc smelter, the decision by the NPS could swing the outcome of the proxy fight. On Friday, the NPS trustee commission decided to vote for the proposals made by the current management of Korea Zinc, including the adoption of a cumulati
Protecting forests -- the lungs of our planet -- seems no longer a matter of choice in the face of intensifying climate crises worldwide. To tackle these challenges, Nam Song-hee, director general of the International Forest Affairs Bureau of the Korea Forest Service, drew attention to the Reducing Emissions from Deforestation and Forest Degradation Plus, or REDD+, a forest conservation initiative under the United Nations Framework Convention on Climate Change. Designed to combat climate change
High-ranking delegates from Korean shipbuilder Hanwha Ocean met with Indian shipbuilding authorities, raising expectations of potential collaboration to boost India’s shipbuilding industry. India’s Ministry of Ports, Shipping and Waterways announced Wednesday on social media that Hanwha's delegation led by Senior Vice President Lee Jin-su visited the ministry's Secretary Shri T.K. Ramachandran to discuss opportunities for strengthening partnerships between the company and Indian shipyards. The m
Agreement expected to clear hurdle for Korea to successfully ink contract for Czech nuclear power plant bid Korea Hydro & Nuclear Power and Korea Electric Power Corp. have reached a settlement with Westinghouse, a US nuclear power firm, over an intellectual property dispute, bolstering the group's chances to successfully secure a contract with the Czech Republic to build two nuclear reactors there. According to the two Korean state-run energy companies on Friday, they decided to come to an agree
South Korean design software developer ZYX Technology announced Friday that it has signed a memorandum of understanding with Pusan National University to provide ZYX CAD licenses valued at approximately $10 million. As part of the three-year agreement, the company will supply instructional licenses to students and faculty to foster future software talent in the nation’s second-largest city. ZYX CAD is computer-aided design software available through the Korean Public Procurement Service. Compati
Coupang founder and CEO Bom Kim will attend US President-elect Donald Trump's inauguration ceremony in Washington, DC, on Jan. 20, according to industry sources Thursday. Kim, who leads the New York-listed e-commerce giant, received an official invitation to the event, sources said, and will participate in the inaugural ball afterward. He did not attend Trump's first inauguration. During these events, he is expected to engage in discussions with key figures on economic cooperation between Korea
A handful of proxy advisory firms here and abroad have endorsed Korea Zinc’s proposal for an extraordinary general shareholders meeting next week, supporting the current leadership of the world’s largest zinc smelter amid its fierce takeover battle with the MBK Partners-Young Poong alliance. Most of the proposals by Korea Zinc's board have won the backing of Glass Lewis, a US-based leading global proxy advisory firm, and other Korean advisers, including Korea ESG Research Institute, Sustinvest a
Doosan Enerbility subsidiary expected to serve as outpost for European nuclear power deals Doosan Skoda Power, the turbine subsidiary of Korean nuclear power plant builder Doosan Enerbility, is eyeing an initial public offering on the Prague stock exchange in the Czech Republic, as Doosan aims to score more overseas contracts amid rising demand for energy in Europe. Doosan Skoda Power held an intention-to-float, or ITF, meeting with local media and stakeholders of the related industry in Prague
Despite strong 2024, Shinhan Financial’s profit dips in Q4
Use of facial recognition grows in Korean finance, with Toss in lead
Top hotel chains eye Hilton Seoul redevelopment
LG CNS posts record profit in 2024
LG CNS becomes Korea’s first SAP Asia-Pacific strategic services partner
KB Financial logs industry's first W5tr annual earnings