DIRS.INFO The most relevant business & tech news

☆ South Korea to provide more demining equipment to Ukraine
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +1 min

SEOUL, July 16 (Reuters) - South Korea will provide more demining equipment to Ukraine, a South Korean official said on Sunday, following President Yoon Suk Yeol's visit to Kyiv on the weekend where he pledged more military and humanitarian aid in the fight against Russia. "We are thinking to expand support on mine detectors and demining equipment as Ukraine's demand for them was assessed to be desperately huge," Yoon's deputy national security adviser, Kim Tae-hyo, told a briefing. South Korea is a U.S. ally and major arms exporter but it has been resisting Western pressure to help arm Ukraine directly, citing business ties with Russia and Moscow's influence over North Korea. In a press conference after the meeting on Saturday, Yoon has said South Korea will provide "a larger scale of military supplies" to Ukraine this year, following last year's provision of non-lethal supplies such as body armour and helmets. Reporting by Soo-hyang Choi; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoon Suk, Kim Tae, Yoon, Volodymyr Zelenskiy, Soo, hyang Choi, Michael Perry Organizations: South Korean, Russia, NATO, Thomson Locations: SEOUL, South Korea, Ukraine, Kyiv, Lithuania, Poland, U.S, Russia, North Korea

Powerful monsoon rains swept across South Korea, burying homes, knocking down trees, canceling flights and trains, and cutting power to thousands of residents, officials said on Saturday. The downpour caused flooding and landslides in the country’s central region, leaving at least 22 people dead and 14 others missing as of Saturday evening, the Interior Ministry said, adding that the rainfall was expected to intensify in the coming days. Heavy monsoon rains are typical in South Korea in the summer, and its mountainous topography makes it susceptible to landslides. But the number of casualties reported on Saturday was unusual. “The death toll is surprisingly high,” Cheong Tae Sung, an expert in flooding with South Korea’s National Disaster Management Research Institute, said in an interview, adding that there were a couple of possible reasons for this.

Persons: Cheong Tae Sung Organizations: Interior Ministry, Disaster Management Research Institute Locations: South Korea

☆ The return of perms
▼ + stars: | 2023-06-30 | by ( Yola Mzizi | ) edition.cnn.com time to read: +4 min

Perms, or the permanent wave, have been a fixture of American culture since the late 19th century and reached peak popularity in the 1970s and 1980s. While beauty trends, like fashion, are cyclical, perms today differ greatly from those once seen on stars like Cher and Stevie Nicks, thanks to gentler products and digitized heat technology. Digital perms, or hot perms, have also become popular. “It certainly helps that K-Pop and K-Dramas are popular and the stars get perms, so that has made it more culturally acceptable,” said Chen. Wella’s Munz is hopeful the resurgence of perms will also encourage brands to further engage with the multicultural consumer.

Persons: Charles Chen, “, ”, Cher, Stevie Nicks, perms, Roland Munz, Briana Dunning, Dunning, BTS’s, Kim Tae, Gong Yoo, Lydia Wolfe, Jack, Wolfe, Chen, Wella’s Munz Organizations: The, Fashion, CNN, Wella, Korean, Busan ”, perms Locations: perm, Manhattan, TikTok, perm ”, Euromonitor, Gen, Los Angeles, “, Striiike, Korean, Korean perm, American perm, Busan, London

☆ North Korea fires two short-range missiles after warning of response to allied drills
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 15 (Reuters) - North Korea fired two short-range missiles off its east coast on Thursday, the South Korean military said, less than an hour after Pyongyang warned of an "inevitable" response to military drills staged earlier in the day by South Korean and U.S. troops. The latest action by North Korea came as U.S. President Joe Biden's national security adviser, Jake Sullivan, was in Tokyo for meetings with his Japanese and South Korean counterparts. The government was due to hold a National Security Council meeting, Kyodo news reported separately. North Korea's ballistic missile and nuclear weapons programmes are banned by United Nations Security Council resolutions that have sanctioned the country. South Korea sued North Korea on Wednesday for $35 million in compensation for a liaison office that North Korea blew up in 2020, in a case highlighting the breakdown of ties between the neighbours as the North presses on with its weapons programmes.

Persons: Joe Biden's, Jake Sullivan, Cho Tae, Takeo Akiba, Yoon Suk, Heekyong Yang, Josh Smith, Tim Kelly, John Stonestreet, Alex Richardson, Chizu Organizations: South Korean, Korean, South, National, National Security Council, Kyodo, North Korea's Ministry of National Defence, United Nations, Thomson Locations: SEOUL, North Korea, Pyongyang, U.S, Tokyo, Japan, Hegura, Ishikawa prefecture, South Korea, Korea, Seoul

☆ BTS 10th anniversary: Superfans make pilgrimage to South Korea to celebrate the K-pop band that conquered the globe
▼ + stars: | 2023-06-13 | by ( Kathleen Magramo Yoonjung Seo Paula Hancocks | Kathleen Magramo | Yoonjung Seo | ) edition.cnn.com time to read: +10 min

Scroll through the gallery to see how the K-pop group went global. ilgan Sports/Multi-Bits/Getty Images BTS fans at the "Love Yourself" North American Tour at the Staples Center on September 9, 2018 in Los Angeles. Andrew Lipovsky/NBC/Getty Images BTS won all three awards they were nominated for at the 2021 American Music Awards held in Los Angeles. Theo Wargo/Getty Images BTS addressed Asian inclusion and representation at the White House in Washington, DC on May 31, 2022. “Being in America and not seeing that much of Asian representation, when I saw that seven Asian guys were trending … that totally like piqued my interest immediately.

Persons: Rowan Joss, Katie Myles ’, they’re, ’ ”, Joss, HYBE, Myles, Kim Tae, Jung Ho, Kim Nam, Kim Seok, Jeon Jung, kook, Min Yoon, Psy’s, ”, Chelsea Guglielmino, Jimmy Fallon, Andrew Lipovsky, Matt Winkelmeyer, Theo Wargo, Kent Nishimura, CedarBough Saeji, ” Saeji, Katie Myles, –, hasn’t, Anthony Wallace, ’, Lisa Trinh, Diana Phung, they’ve, Trinh, they’ll, Jimin, Hwang Young, Startrip, Yoonjung Seo, Jungkook, dad, Justin Bieber, Selena Gomez, Ariana Grande, Shawn Mendes, it’s, Michelle Cho, It’s, Phung Organizations: Seoul CNN —, BTS, Records, YouTube, ilgan, Staples Center, Chelsea, NBC, Getty, White, Los Angeles Times, East Asian Studies, Pusan National University, ARMY, Ministry of Culture, Tourism, Tower, CNN, The, Guinness, Spotify, University of Toronto Locations: Hong Kong, Seoul, South Korea, Scotland, Los Angeles, Washington , DC, Korean, AFP, Seoul’s, California, Gangwon province, Busan, Korea, Cafe, America

☆ One of the most dangerous hours in America is now 11 o’clock on Sunday morning
▼ + stars: | 2023-06-10 | by ( John Blake | ) edition.cnn.com time to read: +19 min

It would also foreshadow a disturbing trend that has only worsened in subsequent years: 11 o’clock on Sunday morning is now one of the most dangerous hours of the week in America, pastors and church security officials say. Brady Boyd, senior pastor of New Life Church, the same church where Assam confronted a gunman 16 years ago. And in 2018, a gunman killed 11 worshippers at the Tree of Life synagogue in Pittsburgh. But his church security does not have a monopoly on Sunday morning firepower. Consider this sobering Sunday morning scenario:A spiritual seeker visits a church and finds it filled with metal detectors and armed security guards carrying walkie-talkies.

Persons: Jeanne Assam, He’s, Beretta, Jake Stephens, Brian Snyder, ”, Brady Boyd, Boyd, “ That’s, Scott Olson, Rabbi Hillel Norry, Beth David, Norry, “, Kwon, Jeff Swensen, ” Norry, that’s, Shaukat Warraich, Dwayne Harris, Harris, Hope, ” Harris, Darren Hauck, Tim Russell, ‘ I’m, David Swanson, Pastors, Jesus ’, ” Boyd, Jesus, Tommy Mason, Mason, Joe Biden, Jill Biden, Saint Joseph, Beau Biden, Brendan Smialowski, Jerilee Bennett, George W . Bush, “ You’re Organizations: CNN, New, Church, Emanuel African Methodist Episcopal Church, Reuters Churches, New Life, White, Texas Church of Christ, Baptist, Security, Police, House Church, Geneva Presbyterian, Colorado Springs, Marion County Baptist Association, Service, Brandywine Catholic, “ Police, AP, Minneapolis Police Department Locations: Colorado, Assam, Colorado Springs, America, Charleston , South Carolina, Sutherland Springs , Texas, Texas, Orange County , California, Oak Creek , Wisconsin, Pittsburgh, Georgia, Pittsburgh , Pennsylvania, That’s, New Zealand, Missouri, ”, Geneva, Laguna Woods , California, Marion, Alabama, Saint, Brandywine, Brandywine Catholic Church, Wilmington , Delaware, AFP, AP Assam

☆ Canada's Trudeau to visit South Korea; focus on minerals, security
▼ + stars: | 2023-05-16 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, May 16 (Reuters) - Canadian Prime Minister Justin Trudeau will arrive in South Korea on Tuesday for a summit with President Yoon Suk Yeol as the two countries seek to boost cooperation on security and critical minerals used in batteries. Yoon and Trudeau are scheduled to hold a summit and joint press conference on Wednesday, followed by an official dinner, said Yoon's deputy national security advisor, Kim Tae-hyo. The two U.S. allies have been exploring ways to deepen cooperation on critical minerals used in electric vehicle (EV) batteries and step up intelligence sharing. Yoon and Trudeau will sign an agreement on key mineral supply chains, clean energy conversion and energy security cooperation, a South Korean government official told Reuters, requesting anonymity as the deal was not finalised. The two countries have also sought to step up security cooperation including intelligence sharing, while navigating an intensifying rivalry between the United States and China.

☆ Investors in South Korea are cautious, but remain opportunistic: JPMorgan
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors in South Korea are cautious, but remain opportunistic: JPMorganTae Jin Park of JPMorgan says there are "macro headwinds" in 2023 that will lead to more uncertainty for investors.

☆ Factbox: What's on the agenda at the South Korea-US summit?
▼ + stars: | 2023-04-24 | by ( Ju-Min Park | ) www.reuters.com time to read: +4 min

Yoon has been pushing to increase South Korea's say in operating "extended deterrence" while calls are growing in South Korea for it to develop its own nuclear weapons. At the summit, Biden will pledge "substantial" steps to underscore the U.S. commitment to deter a North Korean nuclear attack, a senior U.S. official said. South Korea's defence ministry said the allies have been exploring ways to support Ukraine but declined to confirm specific discussions. His comments prompted an angry exchange of words between Beijing and Seoul with South Korea summoning the Chinese ambassador. South Korea's comment on Taiwan was "the worst" since the establishment of diplomatic relations between China and South Korea in 1992, China's state-run Global Times said on Sunday.

☆ S.Korea's Yoon to meet Biden as doubts grow over nuclear umbrella
▼ + stars: | 2023-04-24 | by ( Hyonhee Shin | ) www.reuters.com time to read: +4 min

More than 64% supported South Korea developing its own nuclear weapons, with about 33% opposed. Yoon has been pushing to boost South Korea's say in operating the U.S. extended deterrence but exactly what that might entail has not been spelt out. A senior U.S. official said on Friday that Biden, during the summit with Yoon, would pledge "substantial" steps to underscore U.S. commitments to deter a North Korean nuclear attack. South Korea, a major producer of artillery shells, says it has not provided lethal weapons to Ukraine, citing its relations with Russia. South Korea tries to avoid antagonising Russia, due chiefly to business interests and Russian influence over North Korea.

☆ South Korea says leaked US intel document 'untrue' amid US spying allegations
▼ + stars: | 2023-04-11 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

REUTERS/Erin ScottSEOUL, April 11 (Reuters) - A senior South Korean security official said on Tuesday that information contained in purportedly leaked U.S. confidential documents that appeared to be based on internal discussions among top South Korean officials is "untrue" and "altered." But internally, top South Korean officials were worried that the U.S. would divert them to Ukraine. South Korea has said its law forbids supplying weapons to countries engaged in conflict, meaning it can't send arms to Ukraine. Earlier, U.S. Secretary of Defense Lloyd Austin held phone talks with his South Korean counterpart on Tuesday and discussed recent media reports on the leak of confidential U.S. documents, South Korea's defence ministry said. During the phone conversation, which took place at the request of Austin, the Pentagon chief vowed to closely communicate and cooperate with South Korea on the issue, the ministry said.

☆ North Korea says U.S.-South Korea drills push tension to 'brink of nuclear war'
▼ + stars: | 2023-04-05 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

Yonhap via REUTERS/File PhotoSEOUL, April 6 (Reuters) - North Korea on Thursday accused the U.S. and South Korea of escalating tensions to the brink of nuclear war through their joint military drills, vowing to respond with "offensive action," state media KCNA reported. KCNA released a commentary by Choe Ju Hyon, whom it called an international security analyst, criticising the exercises as "a trigger for driving the situation on the Korean peninsula to the point of explosion." "Now the international community unanimously hopes that the dark clouds of a nuclear war hanging over the Korean peninsula will be removed as early as possible," it added. "The drills have turned the Korean peninsula into a huge powder magazine which can be detonated any moment," it added. North Korea has reacted furiously to the exercises, calling them a rehearsal for invasion.

☆ South Korea data shows uneven economic recovery, suggests steady rates
▼ + stars: | 2023-03-30 | by ( Choonsik Yoo | ) www.reuters.com time to read: +2 min

SEOUL, March 31 (Reuters) - South Korea's factory output slumped while retail sales jumped in February, data showed on Friday, signalling an uneven economic recovery and bolstering the market's view that the central bank will keep rates on hold for the rest of the year. The industrial output index fell 3.2% in February from the month before after a 2.4% gain in January, while the retail sales index jumped 5.3% month-on-month after a 1.1% drop in January, according to Statistics Korea. South Korea's central bank, which started raising interest rates in August 2021 ahead of most central banks, has raised the policy rate by 300 basis points from just 0.5% but kept it unchanged at its latest meeting in February. Bank of Korea Governor Rhee Chang-yong told reporters after the February decision that the central bank would not resume its rate hikes if inflation continued to moderate. Economists said the robust retail sales data could be temporary given the worsening outlook for exports, which influence a wide range of economic activity in South Korea.

☆ Top security aide for S.Korea's Yoon offers to resign
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

SEOUL, March 29 (Reuters) - A top security adviser for South Korean President Yoon Suk Yeol said on Wednesday he had offered to step down. His resignation comes ahead of Yoon's summit with U.S. President Joe Biden next month. Media reports said earlier National Security Adviser Kim Sung-han could be replaced over planning issues related to Yoon's visit to Washington. He added that Yoon's upcoming trip to the United States was being well prepared so his successor could take over smoothly. Yoon nominated Cho Tae-yong, ambassador to the United States, as Kim's successor, Yonhap news agency reported following the announcement.

[1/2] Kim Tae-hyun, Chairman & CEO of South Korea's National Pension Service, speaks during an interview with Reuters in Seoul, South Korea, March 3, 2023. National Pension Service/Handout via REUTERSSEOUL, March 6 (Reuters) - South Korea's National Pension Service (NPS), manager of the world's third-largest public pension fund, will collaborate with foreign exchange authorities when needed to help stabilise the market, its chairman told Reuters. "Based on last year's experience, we have prepared measures aimed at easing dollar demand and volatility in the foreign exchange market," Kim said. "A predictable and stable foreign exchange rate is also advantageous to us," he said, adding that cooperation with foreign exchange authorities would be based on achieving good investment returns. With the fund expected to be depleted by 2055, his top priority is to provide support for the government's plan to reform the national pension system, he said.

On Monday, South Korean President Yoon Suk Yeol announced that the United Arab Emirates had pledged a staggering $30 billion in investment in the Asian country. The news came after the leaders of the two nations held talks in Abu Dhabi on Sunday, in a landmark trip that marked the first-ever state visit to the UAE by a South Korean president, according to a statement from Yoon’s office. In total, representatives from approximately 100 South Korean companies traveled with the president, according to his office. Some South Korean firms also agreed to build farms for tomatoes and strawberries in the UAE, a country that relies heavily on imports of agricultural products. Going forward, South Korea “will be a key partner in the global supply chain,” using its expertise in sectors such as semiconductors and steel-making to help stabilize supply chains, he pledged.

"Dick Clark's New Year's Rockin' Eve" will kick off at 8 p.m. You can watch it on ABC, or livestream it via services like Hulu + Live TV and YouTube TV. Here's how to stream "Dick Clark's New Year's Rockin' Eve," along with a full breakdown of performers. Where to watch 'Dick Clark's New Year's Rockin' Eve 2023'You can watch "Dick Clark's New Year's Rockin' Eve" on ABC at 8 p.m. Who is performing at 'New Year's Rockin' Eve 2023'?

☆ Viral chatbot ChatGPT will be overhyped, then overlooked, and then, perhaps, essential
▼ + stars: | 2022-12-20 | by ( Emilia David | ) www.businessinsider.com time to read: +7 min

Emerging technology like ChatGPT is usually called overhyped until it becomes essential. ChatGPT lets users ask its bot questions or give it prompts using GPT-3, an impressive piece of natural-language-processing AI tech. ChatGPT and the Gartner Hype CycleIn layman's terms, ChatGPT is a chatbot using GPT-3, a state-of-the-art AI model that uses a massive amount of data to generate humanlike text. It's all very exciting and new, which is where the Gartner Hype Cycle, from the tech-research and consulting firm Gartner, comes in handy. To be sure, the rise of generative AI and more forms of ChatGPT aren't assured.

U.S. scientists have achieved “ignition” — a fusion reaction that produced more energy than it took to create — a critical milestone for nuclear fusion and a step forward in the pursuit of a nearly limitless source of clean energy, Energy Department officials said Tuesday. The process imploded a tiny capsule inside the hohlraum that is filled with deuterium and tritium, creating a fusion reaction. Lawrence Livermore National Laboratory"We have taken the first tentative steps toward a clean energy source," said Jill Hruby, the Energy Department's National Nuclear Security Administration. The Inflation Reduction Act provided millions in new funding for fusion projects and the White House this year convened the first fusion summit and developed a 10-year plan to commercialize fusion technology. A technician reviews an optic inside the preamplifier support structure at the Lawrence Livermore National Laboratory in Livermore, Calif., in 2012.

☆ Chief of South Korea's SK Group told to transfer property of $51 mln in divorce
▼ + stars: | 2022-12-06 | by ( Hyunsu Yim | ) www.reuters.com time to read: 1 min

SEOUL, Dec 6 (Reuters) - A South Korean court ordered the chairman of No. 2 conglomerate SK Group to transfer 66.5 billion won ($50.68 million) in a division of property, as part of a divorce ruling on Tuesday. It was not immediately clear if the transfer by Chairman Chey Tae-won would include stock in the group's holding company, SK Inc (034730.KS). Kim Hyeon-jung, a judge of the Seoul Family Court, said the estranged wife, Roh Soh-yeong, would also receive alimony of 100 million won. Chey holds 17.5% of SK Inc, the company's regulatory filings show, with a value of 2.7 trillion won at Monday's closing price.

☆ South Koreans cheer dramatic win, shed joyful tears with Son
▼ + stars: | 2022-12-03 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

They celebrated striker Son Heung-min's tearful post-match interview and munched Ghana-branded chocolates to honour the plucky performance by the African nation whose match result ensured South Korea's berth in the knockout round. Cheers erupted from apartment complexes and the streets across South Korea. "I felt absolutely thrilled - we were cornered going into injury time, and Sonny was running like crazy," said Lee Tae-woo, referring to Tottenham Hotspur striker Son, after watching the game with friends. Many on social media circulated Son's interview, in which he said through tears he had not performed well, thanking his team mates for pulling off the dramatic win. The term "Ghana chocolate" was trending on South Korean Twitter, referring to a brand by Seoul-based Lotte Confectionery Co Ltd (280360.KS) using cacao beans from Ghana.

☆ Proud Son endured 'longest six minutes' before Korea advanced
▼ + stars: | 2022-12-03 | by ( Michael Church | ) www.reuters.com time to read: +3 min

"It was the longest six minutes of my life, but in the circle we were really positive," said Son, who will be playing in the World Cup knockout rounds for the first time in his career. Korea's win over the Portuguese carried echoes of their 2-0 victory over Germany in Russia four years ago, which eliminated the then-defending champions. The Koreans will next take on tournament favourites Brazil on Monday with Son praising the unity within Paulo Bento's squad. "We're really, really close. I'm really grateful to those who didn't play, they could be sad but they didn't show their disappointment.

☆ Park Seo-joon joins cast of 'The Marvels,' among growing list of Korean talent joining Disney projects
▼ + stars: | 2022-11-30 | by ( ) www.nbcnews.com time to read: +2 min

Korean actor Park Seo-joon will star in the upcoming superhero movie “The Marvels” to be released in July 2023. He joins a growing roster of Korean talent that is joining Disney-backed content and was one of many Korean names dropped Wednesday at a Disney content showcase in Singapore. Earlier this month, “Squid Games” star Lee Jung-jae was announced as joining Star Wars series “The Acolyte,” for Disney +. So too did Japanese director Miike Takashi, whose Korean-made series “Connect” Disney+ will upload early next month. Disney has announced plans to green-light 50 local shows in the Asia-Pacific region by the end of 2023 and is keen to catch up with Netflix in the scale of its Korean content roster.

☆ South Korea debates scrapping Cold War-era ban on North's propaganda
▼ + stars: | 2022-11-22 | by ( Hyonhee Shin | ) www.reuters.com time to read: +5 min

SEOUL, Nov 22 (Reuters) - Debate is brewing in South Korea over efforts to scrap a decades-old ban on North Korean media, as changing attitudes fuel renewed calls to review a national security law dating from the Cold War. South Korea's National Security Act blocks access to the North's government websites and media, barring efforts at "praising, inciting or propagating" its activities. In a statement to the court before the hearing, the national rights watchdog had called the clauses vague, disproportionate and damaging to fundamental rights. North Korean films, songs and other content are already widely available on YouTube and elsewhere, they added. "The North will likely produce television shows and publications specifically designed to sow more division in the South," said defector Kim Tae-san, a former North Korean ambassador to the Czech Republic.

☆ CMA Awards 2022: See the full list of winners
▼ + stars: | 2022-11-09 | by ( Dan Heching | ) edition.cnn.com time to read: +3 min

CNN —Country music threw a party on Wednesday night as the CMA Awards were presented. First-time nominee Lainey Wilson topped the list of nominees going into the show and ended the night with major wins, including new artist of the year and female vocalist of the year. The emotional Wilson declared in one acceptance speech: “I know I’m new to a lot of folks, but I won’t let y’all all down. I promise you.”Luke Combs also had a big night, taking the stage both as a performer and winner. Other performers included Kelly Clarkson, who performed with Kelsea Ballerini and Carly Pearce, and Luke Bryan, who pulled double duty as host alongside Peyton Manning.

Search resuls for: "Tae"

25 mentions found