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☆ France's Digital Virgo to list in U.S. in $513 mln SPAC deal
▼ + stars: | 2022-11-17 | by ( Joyce Lee | Soo-Hyang Choi | ) www.reuters.com time to read: +1 min

Nov 17 (Reuters) - Digital Virgo said on Thursday it would list in the United States in a blank-check deal that values the French mobile payments platform at $513 million, including debt. Digital Virgo is among a few companies that have opted to list in the United States at a time of severe market turbulence. read moreGoal Acquisitions Corp (PUCK.O) will acquire Digital Virgo shares at $10 apiece, with the deal providing the latter at least $100 million. A special purpose acquisition company (SPAC) is a listed company lacking an inherent business model, formed solely to take other firms public via mergers. Goal is led by sports executives including Harvey Schiller, Bill Duffy and basketball star Michael Jordan's former agent, David Falk.

☆ Atos in talks to sell Italian unit to Lutech
▼ + stars: | 2022-11-17 | by ( Joyce Lee | Soo-Hyang Choi | ) www.reuters.com time to read: +1 min

PARIS, Nov 17 (Reuters) - Atos (ATOS.PA), under pressure from investors to boost profitability and its share price, said on Thursday it had entered into exclusive negotiations with Italian engineering company Lutech to sell its Italian unit for cash. The proposed transaction accounts for 2% of the group's total revenue in 2021, Atos said in a statement. The deal would be part of a 700 million euro asset sale programme Atos is undertaking to finance its turnaround plan, which entails splitting the group in two separate entities. Atos has already sold its remaining stake in French payments services company Worldline (WLN.PA) for 220 million euros. With the expected sale of the Italian unit, two thirds of the asset sales would be completed, Atos said.

☆ North Korea fires missile, vows 'fiercer' responses to U.S., allies
▼ + stars: | 2022-11-17 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

SEOUL, Nov 17 (Reuters) - North Korea fired a ballistic missile on Thursday as it warned of "fiercer military responses" to U.S. efforts to boost its security presence in the region with its allies, saying Washington is taking a "gamble it will regret". South Korea's military said the ballistic missile was launched from the North's east coast city of Wonsan at 10:48 a.m. (0248 GMT). The United States has been saying since May that North Korea is preparing to conduct its first nuclear test since 2017, but its actual timing remains unclear. South Korea's Unification Minister Kwon Young-se, who handles intra-Korea affairs, said the North might postpone its nuclear test for some time, citing China's domestic political schedule. "North Korea has also achieved some political effects by codifying its nuclear law in August, so it might not have immediate needs for a nuclear test," Kwon said in an interview with Yonhap news agency released on Thursday.

It was a rare, candid glimpse of the Chinese leader and a reminder of Beijing's testy relations with the West. Besides Biden, Trudeau and Australia's Anthony Albanese, Xi also met the leaders of South Korea, Italy, Argentina, Holland and France for bilateral talks in Bali. Xi was ferried around Bali in his own Hongqi (Red Flag) limousine - Mao Zedong used an earlier model - China's version of the U.S. presidential "Beast" limo. Returning to in-person diplomacy also gives Xi a platform to push Chinese initiatives that further cement its stature as leader of the emerging world. "I think in the coming years you'll see China indeed making a serious effort to implement its major power diplomacy," he said.

SEOUL, Nov 17 (Reuters) - South Korean and Saudi Arabian leaders pledged stronger ties on Thursday in the fields of energy, defence industry and building projects, as the oil-rich kingdom signed investment agreements worth $30 billion with South Korean companies. "In particular, he said he would like to drastically strengthen cooperation with South Korea in the areas of defence industry, infrastructure and construction," Yoon's office said. Saudi-based Asharq TV quoted the kingdom's investment minister as saying deals signed on Thursday were worth $30 billion. "The (South Korean) government will actively support the successful implementation of cooperative projects which apply Korea's state-of-the-art architecture ... in NEOM," said South Korea's trade minister, Lee Chang-yang. Shares in Lotte Fine Chemical (004000.KS), which signed an agreement for chemical industry cooperation with the Saudi Ministry of Investment, rose 2.1%.

☆ Saudi crown prince arrives in Seoul - state news agency
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: 1 min

[1/6] Crown Prince of Saudi Arabia, Mohammed bin Salman is received by South Korean Prime Minister, Han Duck-soo upon his arrival in Seoul, South Korea, November 16, 2022. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERSCAIRO, Nov 16 (Reuters) - Saudi Crown Prince Mohammed bin Salman arrived in South Korea, state news agency (SPA) reported on Wednesday. He was received by the South Korean prime minister in the capital Seoul, it added. Reporting by Moataz Mohammed and Yasmin Hussein; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

At stake is an unresolved dispute over compensation for the Korean wartime labourers used by Japanese firms during World War Two, which had worsened bilateral relations in recent years. The South Korean presidential office also said that the two leaders agreed to continue discussions for prompt resolution of the pending issues. A South Korean court has ordered the seizure of assets of Japanese companies accused of not compensating some of their colonial-era labourers. read moreTokyo says the issue of compensation was settled under a 1965 treaty normalizing diplomatic ties and providing South Korea with economic assistance, and has warned of serious repercussions if the orders are enforced. Japan has urged South Korea to present a solution, and a Seoul official said it would devise a proposal that can win consent from both South Korean victims and Tokyo.

☆ Biden says U.S., Japan, South Korea are 'more aligned than ever' on North Korea
▼ + stars: | 2022-11-13 | by ( Nandita Bose | ) www.reuters.com time to read: +3 min

PHNOM PENH, Nov 13 (Reuters) - The United States, Japan and South Korea are "more aligned than ever" on North Korea's "provocative behaviour," U.S. President Joe Biden said on Sunday, as his national security adviser promised a joint response if Pyongyang carries out a seventh nuclear test. Speaking in Cambodia after a trilateral meeting with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk-yeol, Biden called their countries "critical allies" that share the United States' concerns about North Korea's missile tests. Yoon said North Korea's recent provocations showed its regime's "nature against humanitarianism", while Kishida said its actions were "unprecedented". "I look forward to strengthening the coordination between the U.S., South Korea and Japan to respond firmly" to North Korea's actions, he added. In October, North Korea test fired a ballistic missile farther than ever before, sending it soaring over Japan for the first time in five years and prompting a warning for residents there to take cover.

☆ South Korea's Yoon says North Korea's provocations becoming more aggressive
▼ + stars: | 2022-11-13 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

SEOUL, Nov 13 (Reuters) - South Korean President Yoon Suk-yeol said on Sunday that North Korea is conducting more "aggressive" provocations based on confidence over its nuclear and missile programmes, calling for strong cooperation with the United States and Japan. "North Korea is conducting more hostile and aggressive provocations based on confidence over its nuclear and missile capabilities," Yoon said in remarks broadcast on South Korean television. In a separate bilateral meeting with Biden, Yoon stressed the need to strengthen extended deterrence against North Korea's growing threats, and said they should show Pyongyang that it would gain nothing with its nuclear and missile programmes, according to Yoon's office. Biden said South Korean companies' large contribution to the U.S. economy should be considered when implementing the new rules, according to Yoon's office. Reporting by Soo-hyang Choi; Editing by William Mallard and Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.

That’s what you work so hard for … That’s why you play,” Rooney reminisces. The club went into administration after debts spiraled and it failed to play players their wages. “He was great to play for, he’s the reason I signed for Manchester United to play for him. Then Manchester United manager Sir Alex Ferguson congratulates Wayne Rooney after his final Premier League title win in 2013. While Rooney was in Dubai, goals from Fred and Bruno Fernandes gave the Manchester club a dominant victory over Tottenham Hotspur.

☆ Your boss denied your promotion request. Here's a CEO's simple advice for what to do next
▼ + stars: | 2022-11-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

If your boss rejects your request for a promotion because you lack experience with a certain program, try addressing that weakness before asking again. When you're ready, Soo advises telling your boss: "This is how I improved and what I've accomplished since the last time. If you think you're clearly qualified for the role, try forming a stronger argument for why you deserve it. Clearly outline why you're qualified — or at least close to being that — and why it would be a smart decision for your boss to choose you. The task gets harder if you're asking your boss to create a completely new role for you.

☆ North Korea fires ballistic missile toward sea, South says
▼ + stars: | 2022-11-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

SEOUL, South Korea — North Korea fired at least one ballistic missile toward its eastern sea on Wednesday as it extended a recent barrage of weapons demonstrations including what it described as simulated attacks on South Korean and U.S. targets last week. Some experts earlier said the results of the U.S. elections were not likely to change the Biden administration’s policies on North Korea. North Korea fired dozens of missiles last week, including an intercontinental ballistic missile that set off evacuation warnings in northern Japan, in an angry reaction to the U.S.-South Korea military exercises. Some experts say it’s possible that North Korea reached into the inventory of some of its older weapons to support the expanded scale of last week’s launches. “It may be in North Korea’s interest to hold some of its modern capabilities in reserve and test them at opportune occasions.

☆ North Korea fires ballistic missile -South Korea military
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Nov 9 (Reuters) - North Korea has fired a ballistic missile off its east coast, South Korea's military said on Wednesday, but no further details, such as the projectile's flight range, were immediately available. The launch is the latest in a record year of missile testing by the North, including an ICBM test last week, at a time of growing fears that Pyongyang could be preparing for its first test of a nuclear device since 2017. read more read moreReporting by Soo-hyang Choi; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea's Yoon to attend ASEAN, G20 summit meetings this month
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Nov 9 (Reuters) - South Korean President Yoon Suk-yeol will attend meetings of ASEAN and the Group of 20 industrialised nations this month, a senior administration official said on Wednesday. South Korea is arranging a possible bilateral summit between Yoon and U.S. President Joe Biden as well as a trilateral summit involving the United States and Japan on the sidelines of the events, according to South Korea's Yonhap news agency. "We are arranging summits with key countries on the occasion of attending the ASEAN and G20 meetings," Yoon's national security adviser, Kim Sung-han, told a briefing. Nothing has been decided regarding a possible one-on-one meeting between Yoon and Japanese Prime Minister Fumio Kishida, Yonhap said. Yoon, who took office in May, has been keen to improve relations with Tokyo at a time when both countries face North Korea's evolving nuclear and missile threats.

☆ In Halloween crush, South Koreans see young people being failed again
▼ + stars: | 2022-11-07 | by ( Soo Youn | ) www.nbcnews.com time to read: +8 min

Then they placed white chrysanthemums on a memorial altar for the 156 mostly young victims of the Halloween crowd crush, and wrote condolences for scores of people who had departed this life decades too soon. Older generations, she said, failed them like they failed the costumed partygoers on Oct. 29. “Why couldn’t the police have gotten there sooner?”South Koreans across the country are asking the same questions. On Monday, Yoon apologized for the crowd crush, vowing to improve police and safety management systems and hold accountable anyone found responsible. The anti-Yoon protests have been going on for weeks with a heavy police presence, including the night of the Halloween crush, which has also angered critics, as has Yoon’s move out of the official presidential residence into a luxury apartment building.

☆ North Korea denies arms dealings with Russia, says it has no plans to do so
▼ + stars: | 2022-11-07 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

[1/2] A general view shows a drill by North Korean Korean People's Army (KPA) artillery units on the front in this image released by North Korea's Korean Central News Agency (KCNA) in Pyongyang December 2, 2016. KCNA/ via REUTERSSEOUL, Nov 8 (Reuters) - North Korea said on Tuesday it has never had arms dealings with Russia and has no plans to do so, its state media reported, after the United States said North Korea appears to be supplying Russia with artillery shells for its war in Ukraine. White House National Security spokesperson John Kirby said last week the United States has information that indicates North Korea is covertly supplying Russia with a "significant" number of artillery shells. A North Korean defence ministry official called the allegations a rumour and said Pyongyang has "never had 'arms dealings' with Russia" and has "no plan to do so in the future." North Korea was one of the only countries to recognise the independence of breakaway Ukrainian regions, and it has expressed support for Russia's proclaimed annexation of parts of Ukraine.

☆ South Korea steps up monitoring in crowded subways after Halloween crush
▼ + stars: | 2022-11-04 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

[1/4] A police officer stands guard at the exit of a subway station as people gather to pay their respects following a crowd crush that happened during Halloween festivities, in Seoul, South Korea, November 1, 2022. REUTERS/Kim Hong-Ji/File Photo/File PhotoSEOUL, Nov 4 (Reuters) - South Korea is beefing up monitoring at crowded subway stations following a deadly Halloween crush that killed more than 150 people in Seoul, officials said on Friday. It was the first Halloween event in three years virtually free of COVID-19 restrictions. Starting on Friday, police will be deployed to subway stations in the capital to join metro officials in crowd control activities, the prime minister said. Proper crowd and traffic control by the authorities could have prevented or at least reduced the surge of Halloween partygoers in alleys, experts said.

☆ South Korea scrambles jets after detecting 180 North Korean warplanes north of border amid tensions
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Nov 4 (Reuters) - South Korea's military said it scrambled fighter jets after detecting about 180 North Korean warplanes flying north of the military border over four hours on Friday. The North Korean aircraft flew north of the so-called tactical measure line, drawn to up 20 kilometres (12 miles) north of the Military Demarcation Line (MDL), South Korea's military said in a statement. South Korea scrambled 80 aircraft, including, F-35A stealth fighters, in response. A flight of 10 North Korean warplanes made similar maneuvers last month, prompting South Korea to scramble jets. The launches prompted the United States and South Korea to extend air drills that have angered Pyongyang.

SEOUL, Nov 2 (Reuters) - A North Korean ballistic missile landed less than 60 kilometres off South Korea's coast on Wednesday, the first time an apparent test had landed near the South's waters, leading to air raid warnings, officials said. The missile was one of three short-range ballistic missiles fired from the North Korean coastal area of Wonsan into the sea, South Korea's Joint Chiefs of Staff (JCS) said. The JCS said at least one of the missiles landed 26 kilometres south of the Northern Limit Line (NLL), a disputed inter-Korean maritime border. The missile landed 57 kilometres from the South Korean city of Sokcho, on the east coast, and 167 kilometres from Ulleung, where air raid warnings were issued. It was the first time a North Korean ballistic missile had landed near South Korean waters, JCS said.

☆ South Korea PM urges police to explain response to Halloween crush emergency calls
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] South Korean President Yoon Suk-yeol and Prime Minister Han Duck-soo stand near floral tributes as they visit the scene of a crowd crush that happened during Halloween festivities, in Seoul, South Korea, November 1, 2022. REUTERS/Kim Hong-JiSEOUL, Nov 2 (Reuters) - South Korea's Prime Minister Han Duck-soo said on Wednesday police will have to explain how they responded after receiving multiple emergency calls hours and minutes before a Halloween party crush killed more than 150 people in Seoul. The crush on Saturday night killed 156 and injured 151, leaving 29 in serious condition. A transcripts of emergency calls released by the police on Tuesday showed the first warning of a possible deadly crush roughly four hours before the disaster. Police received 10 other similar calls before the chaos was known to have turned fatal, according to the transcripts.

[1/2] People watch a TV broadcasting a news report on North Korea firing three ballistic missiles into the sea, in Seoul, South Korea, November 2, 2022. South Korean warplanes fired three air-to-ground missiles into the sea north across the NLL in response, the South's military said. The South's launches came after Yoon's office vowed a "swift and firm response" so North Korea "pays the price for provocation". The North Korean weapon was one of three short-range ballistic missiles fired from the North Korean coastal area of Wonsan into the sea, South Korea's Joint Chiefs of Staff (JCS) said. It was the first time a North Korean ballistic missile had landed near South Korean waters, JCS said.

☆ South Korea vows tough action, moving to quell anger over Halloween crush
▼ + stars: | 2022-11-01 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

[1/3] South Korean President Yoon Suk-yeol walks at the scene where many people died and were injured in a stampede during a Halloween festival in Seoul, South Korea, October 30, 2022. The death toll from the crush at a crowded Halloween street party on Saturday climbed to 156 with 151 injured, 29 of whom were in serious condition. The country's chief security officer, Interior Minister Lee Sang-min, had said deploying more police would not have prevented the disaster. President Yoon Suk-yeol has declared a week of national mourning, saying the country had too many safety disasters. On social media, some Koreans said precautions were inadequate for an event that had been expected to draw large crowds.

Seoul, South Korea CNN —ln a cavernous Seoul gymnasium Tuesday, grieving families inspected neat rows of belongings left behind at the scene of the deadly street crush in Itaewon. Another younger woman, wearing a cast on her left arm, walked into the gymnasium to find her lost shoe. This woman, who didn’t want to be named, said she was in front of a bar in the alley when the crush happened. Police walk among personal belongings retrieved from the scene of a fatal Halloween crowd surge. Anthony Wallace/AFP/Getty ImagesOn Tuesday, South Korea’s Prime Minister Han Duck-soo said a “lack of institutional knowledge and consideration for crowd management” was partly to blame for the crowd crush.

☆ Emergency calls reveal growing desperation before South Korea Halloween crush
▼ + stars: | 2022-11-01 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +4 min

[1/5] A police officer stands guard near floral tributes at the scene of a crowd crush that happened during Halloween festivities, in Seoul, South Korea, November 1, 2022. The transcripts of emergency calls released by the police showed the first warning of a possible deadly surge was made at 6:34 p.m. on Saturday, roughly four hours before the crush turned deadly. The transcripts, released to media, give a chilling prediction of how the tragedy would unfold. Police received 10 other similar calls before the chaos was known to have turned fatal - and released all those transcripts on Tuesday. "The police will speedily and rigorously conduct intensive inspections and investigation on all aspects without exception to explain the truth of this accident," police commissioner Yoon told a news conference earlier.

SEOUL, South Korea — The South Korean government will conduct a thorough investigation into the Halloween crowd crush that killed more than 150 people in the capital over the weekend, officials said Monday, as the country mourned its worst disaster in years. Tens of thousands of people had gathered on Saturday in Itaewon, a nightlife district of Seoul that is popular with foreigners, when a crowd surge began in a sloped and narrow alleyway, setting off a deadly panic. South Korean President Yoon Suk-yeol pays tribute in front of City Hall in Seoul on Monday. The crowd surge is the country’s deadliest peacetime accident since the 2014 sinking of the Sewol ferry. Stella Kim and Thomas Maresca reported from Seoul, and Jennifer Jett reported from Hong Kong.

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