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Search resuls for: "Seoul CNN —"


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☆ BTS mastermind on K-pop deal: We’re not ‘trying to take over the whole industry’
  + stars: | 2023-03-03 | by ( Michelle Toh Richard Quest | Michelle Toh | Richard Quest | ) edition.cnn.com   time to read: +6 min
Hong Kong/Seoul CNN —The billionaire mastermind behind some of the world’s biggest K-pop stars is pushing back on accusations that he’s trying to monopolize the Korean music industry. “It wouldn’t be correct to say that we’re trying to take over the whole industry,” Bang told CNN in an exclusive interview in Seoul. Bang Si-Hyuk, who chairs the HYBE management agency, spoke with CNN's Richard Quest on Tuesday. “When the two companies are combined, a monopoly and oligopolistic group of companies that account for approximately 66% of total market sales will be created,” it told CNN. The company would then announce the outcome and next steps, it told CNN on Friday.
☆ South Korea secures $30 billion UAE investment and vows to help shore up supply chains at WEF
  + stars: | 2023-01-20 | by ( Michelle Toh Yoonjung Seo Jake Kwon | Michelle Toh | Yoonjung Seo | ) edition.cnn.com   time to read: +3 min
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.
☆ North Korea blames ‘reckless military hysteria’ of US and allies for missile tests
  + stars: | 2022-11-07 | by ( Yoonjung Seo Hilary Whiteman | Yoonjung Seo | Hilary Whiteman | ) edition.cnn.com   time to read: +6 min
North Korea accused the United States and South Korea of provoking tensions on the peninsula. “I think we should focus on the facts not on what North Korea claims.”North Korea didn't release information about the specific missile models test fired last week. North Korea missile launches, unknown location, North Korea, November 2022. “What if North Korea conducted tests to obtain certain data it wanted to verify during the missile development?” Kim asked. Shin said the multiple launches could be a sign that North Korea is racing to prove its capabilities.
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