A long-running international dispute over Hyundai Elevator’s paid-in capital increase has ended with a win for the South Korean government. The Ministry of Justice said on the 14th that the arbitral tribunal at the Permanent Court of Arbitration dismissed all claims from Schindler Holding AG, the Swiss elevator maker

Kakao Mobility announced on the 13th that it will pivot to a “physical AI-based technology company,” aiming to lead the future of mobility by leveraging the data and operating infrastructure it has accumulated. CEO Ryu Geung-seon told employees in a letter that the company will become a technology firm that

In Pohang, a local candidate for the city council who shares the name of former President Yoon Suk-yeol has emerged in campaign materials, drawing attention as South Korea’s local elections approach. Photos show the candidate wearing a red campaign shirt with the People Power Party emblem and his name

The Middle East conflict, which began with airstrikes by the United States and Israel, reached the two-week mark as global oil prices closed above $100 per barrel for a second straight day. On May 13 local time, Brent crude for May delivery settled at $103.14 a barrel, up 2.

Korea’s Deputy Prime Minister and Finance Minister Goo Yoon-cheol visited Tokyo on the 13th to present a Korea economic investment briefing to about 100 global investors, hosted by Bloomberg’s Tokyo bureau. The event aimed to strengthen foreign investor confidence in Korea’s economy. At the briefing, Goo highlighted

Debris from a projectile suspected to be a drone struck the exterior wall of Dubai’s International Financial Centre (DIFC) in the city’s downtown area on the 13th of the month, local time. Dubai’s government information office said that after an interception, debris hit the building’s outer

Washington revealed new allegations about Iran’s leadership on Tuesday, when Defense Secretary Pete Hegseth, speaking at a Pentagon briefing with the Chairman of the Joint Chiefs of Staff, Dan Cane, said he believed Mojtaba Khamenei, widely described as the newly emerging supreme leader, had likely been injured in an

WASHINGTON, D.C. — South Korea’s Prime Minister Kim Min-seok met with U.S. Vice President Kamala Harris at the White House on Thursday afternoon local time. The Prime Minister’s Office said Kim explained that the National Assembly’s passage of a Special Act on U.S. investment would

Seoul, South Korea — A prominent YouTuber and broadcaster, Kim Eo-jun, has become the focal point of a fierce political dispute after a guest on his channel raised a claim that a key aide to President Lee Jae-myung tried to trade the dismissal of a criminal case against the president with

South Korea began enforcing an "oil price ceiling" on fuel from midnight on the 13th, aiming to curb domestic price spikes driven by global tensions in the Middle East. The policy sets a maximum supply price that refiners can charge for gasoline, diesel, and kerosene, with the ceilings