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☆ Samsung Elec sold more ASML shares in Q3 -company filing
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Nov 15 (Reuters) - South Korea's Samsung Electronics (005930.KS) cut its stake in semiconductor manufacturing equipment maker ASML (ASML.AS) further in the third quarter, the company's latest financial statement showed. Samsung Electronics more than halved its stake in ASML earlier this year. The stake Samsung sold is worth around 726.7 million euros ($789.92 million) based on the latest share prices. That brought Samsung Electronics' holding in the Dutch chip equipment maker down to 0.4%, or 1.58 million shares, according to the report. Samsung Electronics did not have an immediate comment.

Persons: Ed Davies Organizations: Samsung Electronics, Samsung, Thomson Locations: SEOUL, ASML

☆ South Korea court grants ex-Samsung exec bail in industrial espionage case
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Employees walk past the logo of Samsung Electronics during a media tour at Samsung Electronics' headquarters in Suwon, South Korea, June 13, 2023. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Nov 14 (Reuters) - A South Korean court has granted bail to a former executive of Samsung Electronics (005930.KS) accused of stealing sensitive information developed by the technology giant, court records showed on Tuesday. The district court in Suwon, south of Seoul, accepted a bail request for Choi on November 10, court records showed, without providing further details. Lawyers for Choi were not immediately available for comment, but a source close to Choi confirmed he had been released on bail. Samsung Electronics did not immediately provide a comment.

Persons: Kim Hong, Choi Jinseog, Choi, Ed Davies Organizations: Samsung Electronics, REUTERS, Rights, Thomson Locations: Suwon, South Korea, Rights SEOUL, South Korean, China, Seoul, South

US Secretary of Defense Lloyd Austin attends a welcome ceremony before an annual security meeting with South Korean Defence Minister Shin Won-sik at the Defence Ministry in Seoul, South Korea on November 13, 2023. Washington has accused North Korea of supplying military equipment to Russia for use in its war with Ukraine, and Moscow of providing technical military support to help the North. "If the countries that backed North Korea during the Korean War ever try to help again, then those countries will also receive grave punishment from the international community along with North Korea." China and North Korea are parties to the armistice with the UNC. The defence chiefs also agreed to step up joint drills and cooperate with Japan to deter and better prepare for any North Korean attack.

Persons: Defense Lloyd Austin, South Korean Defence Minister Shin Won, sik, JUNG YEON, Lloyd Austin, Austin, We're, Shin Won, Shin, Jack Kim, Ed Davies, Gerry Doyle Organizations: Defense, South Korean Defence Minister, Defence Ministry, Rights, . Defense, . Command, UNC, Security, Democratic People's, DPRK, ., Defence, Korean, United Nations, Command, Soviet Union, U.N, U.S ., Thomson Locations: Seoul, South Korea, Rights SEOUL, China, Russia, North Korea, Pyongyang, People's Republic of China, North, Democratic People's Republic of Korea, Washington, Ukraine, Moscow, . North Korea, Russia's, North Korea's, Soviet, United States, Britain, Australia, Turkey, U.S, Austin, Japan

☆ San Francisco Cleans Up for Xi. Why Not for Thee?
▼ + stars: | 2023-11-13 | by ( James Freeman | ) www.wsj.com time to read: 1 min

Chinese Communist dictator Xi Jinping in Beijing on Friday. Photo: Ju Peng/Zuma PressAfter only recently agreeing to normalize trade relations with the United States, San Francisco now seems to be granting most favored visitors status to a group including a ruthless dictator. This week Chinese communist thug Xi Jinping will enjoy a city that has been spruced up for the Asia-Pacific Economic Cooperation summit. San Francisco residents are asking why they can’t enjoy streets that are safe and clean all the time. Morris reports for The San Francisco Chronicle:

Persons: Xi Jinping, Ju Peng, Morris Organizations: Communist, Zuma Press, Economic Cooperation, San Francisco Chronicle Locations: Beijing, United States, San Francisco, Asia

U.S. Defence Secretary Lloyd Austin met his South Korean counterpart Shin Won-sik in Seoul on Sunday with Japanese defence minister Minoru Kihara joining the meeting online. U.S. President Joe Biden agreed with South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida at an Aug. 18 summit that by the end of this year the three countries would share North Korea missile warning data in real time. The ministers also condemned growing military cooperation between North Korea and Russia as a violation of U.N. resolutions, the South Korean defence ministry said in a statement, and also stressed the importance of peace and stability across the Taiwan Strait. Brown, chairman of the U.S. Joint Chiefs of Staff, held talks with his South Korean counterpart in Seoul on Sunday, the South Korean military said. In his first visit to South Korea since he took office in October, the top U.S. general discussed the "continuous provocations" of North Korea including missile launches, and reaffirmed the United States' commitment to the defence of South Korea, the South Korean joint chiefs of staff said in a statement.

Persons: Kim Jong Un, Lloyd Austin, Shin Won, Minoru Kihara, Kihara, Joe Biden, Yoon Suk Yeol, Fumio Kishida, Charles Q, Brown, Tetsushi Kajimoto, Miral Organizations: North, Korean Central News Agency, REUTERS, Rights, Defence, Korean, Sunday, . Defence, South Korean, Korea, U.S . Joint Chiefs of Staff, Thomson Locations: Rights TOKYO, SEOUL, South Korea, Japan, United States, South, Sunday ., Seoul, North Korea, Russia, Taiwan, TOKYO

☆ South Korea inflation likely to ease in November, finance minister says
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Nov 12 (Reuters) - South Korean inflation is likely to ease in November to about 3.6% as prices of agricultural products have started to fall, the finance minister said on Sunday. South Korea's consumer price index stood 3.8% higher in October from a year ago, the fastest inflation rate since March 2023 and above the 3.6% forecast by a Reuters poll. If this is the trend, the inflation rate will be around 3.5% to 3.6%, and this kind of price stabilisation will happen gradually, albeit slowly," Finance Minister Choo Kyung-ho told public broadcaster KBS TV. Consumer inflation accelerated for a third month in October amid higher food costs, keeping policymakers on edge as they are monitoring whether current interest rates are tight enough to bring inflation to heel. Reporting by Ju-min Park and Jihoon Lee; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Choo Kyung, Jihoon Lee, Simon Cameron, Moore Organizations: KBS TV, Thomson Locations: SEOUL

☆ South Korea's Yoon to Attend APEC Summit, Visit Europe
▼ + stars: | 2023-11-08 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

SEOUL (Reuters) - South Korean President Yoon Suk Yeol will attend the APEC summit in San Francisco on Nov. 15-18, Yoon's office said on Wednesday. After the U.S. trip, Yoon is set to pay a state visit to Britain on Nov. 20-23 following an invitation from King Charles and visit France on Nov. 23-26 as part of efforts to bolster support for hosting the 2030 World Expo, Yoon's deputy national security adviser Kim Tae-hyo said. The host country for the 2030 expo is expected to be decided this month by a vote of the member states of the International Bureau of Expositions, the expo organising body. Yoon will also visit the Netherlands on Dec. 12-13 following an invitation from King Willem-Alexander, local media reported, in what would be the first state visit by a South Korean president since the countries established diplomatic ties in 1961. (Reporting by Soo-hyang Choi, Ju-min Park; Editing by Ed Davies)

Persons: Yoon Suk, Yoon, King Charles, Kim Tae, hyo, King Willem, Alexander, Soo, hyang Choi, Ed Davies Organizations: APEC, International, South Locations: SEOUL, San Francisco, U.S, Britain, France, Paris, Netherlands, South Korean

SEOUL, Nov 8 (Reuters) - Operations at Kia Corp's (000270.KS) assembly plant in South Korea have been suspended due to disruptions in parts supplies, the carmaker said on Wednesday. Poongki Industrial Co Ltd, a Kia supplier that makes chassis parts, suffered a fatal accident that resulted in the death of one worker on Tuesday and halted its own operations, causing supply disruptions at Kia's plant, a Kia spokesperson said. Labour authorities are investigating the accident, putting a halt to forklift truck operations at the Kia supplier's factory, a labour ministry spokesperson said. Kia is checking on alternative sources for Poongki's components, according to the Kia spokesperson. The plant located in the southwestern city of Gwangju produces about 2,000 vehicles a day, according to media reports.

Persons: Kia Corp's, Poongki, Kia, Lee Jae, Heekyong Yang, Ed Davies Organizations: Kia, Poongki Industrial Co Ltd, Labour, Eugene Investment, Securities, Thomson Locations: SEOUL, South Korea, Gwangju

☆ Kakao faces growing regulatory risks as political scrutiny rises
▼ + stars: | 2023-11-03 | by ( Joyce Lee | ) www.reuters.com time to read: +4 min

The Kakao messaging application and the Kakao T taxi booking application are seen on a mobile phone in this illustration photo March 13, 2018. South Korean President Yoon Suk Yeol told a public meeting on Wednesday that the market behaviour of Kakao Mobility's taxi-hailing service was monopolistic and required a review. Its regulatory troubles escalated last month when one of its executives was arrested for suspected stock market manipulation during its acquisition of K-Pop agency SM Entertainment (041510.KQ). Last week, regulator Financial Supervisory Service (FSS) said it will refer Kakao, its affiliate Kakao Entertainment and executives involved in the SM Entertainment acquisition to public prosecutors for suspected violation of the Capital Markets Act. "It is necessary to pay attention to legal risks, as problems may arise in the status of KakaoBank depending on the probes' results."

Persons: Thomas White, Yoon Suk Yeol, Kakao, Oh Dong, hwan, Joyce Lee, Miyoung Kim, Sam Holmes Organizations: REUTERS, Kakao Corp, Naver Corp, Reuters, Mobility, SM Entertainment, Financial Supervisory Service, Kakao Entertainment, Pension Service, NPS, Samsung Securities, Thomson Locations: SEOUL, Korean, Kakao

☆ North Korea's chances of succeeding in spy satellite launch high -S.Korea
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Nov 1 (Reuters) - North Korea is in the final stages of preparations for the launch of a spy satellite and the chances of the third attempt succeeding are high, Yonhap news agency reported on Wednesday, citing South Korea's intelligence service. North Korea has made two attempts to launch its first reconnaissance satellite this year that ended in failure as stages of the boosters experienced malfunctions. The North had previously pledged to make a third attempt in October, but has so far shown no indication that it was going ahead with the launch. "North Korea is also seen to be trying to use the Israel-Hamas war in a multifaceted way," Yoo was quoted as saying after the spy agency briefing. The spy agency also said that North Korea dispatched a delegation that mainly consists of experts on artillery to Russia in mid-October, news reports said.

Persons: Yoo Sang, Kim Jong, Kim, Vladimir Putin, Yoo, Jack Kim, Ed Davies Organizations: National Intelligence Service, NIS, Israel, Thomson Locations: SEOUL, North Korea, Russia, Ukraine, Korea, Russian, Moscow, South Korea, Japan, United States, Israel

☆ North Korea's Chances of Succeeding in Spy Satellite Launch High -S.Korea
▼ + stars: | 2023-11-01 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

SEOUL (Reuters) - North Korea is in the final stages of preparations for the launch of a spy satellite and the chances of the third attempt succeeding are high, Yonhap news agency reported on Wednesday, citing South Korea's intelligence service. North Korea has made two attempts to launch its first reconnaissance satellite this year that ended in failure as stages of the boosters experienced malfunctions. The North had previously pledged to make a third attempt in October, but has so far shown no indication that it was going ahead with the launch. "North Korea is also seen to be trying to use the Israel-Hamas war in a multifaceted way," Yoo was quoted as saying after the spy agency briefing. The spy agency also said that North Korea dispatched a delegation that mainly consists of experts on artillery to Russia in mid-October, news reports said.

Persons: Yoo Sang, Kim Jong, Kim, Vladimir Putin, Yoo, Jack Kim, Ed Davies Organizations: National Intelligence Service, NIS, Israel Locations: SEOUL, North Korea, Russia, Ukraine, Korea, Russian, Moscow, South Korea, Japan, United States, Israel

☆ South Korea economic growth to exceed potential rate in 2024, Yoon says
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

President of South Korea Yoon Suk-Yeol speaks at the opening session of Saudi Arabia's Future Investment Initiative conference in Riyadh, Saudi Arabia, October 24, 2023. South Korea's potential growth rate - the maximum economic growth that can be achieved without triggering inflationary pressure - is estimated to be around 2%, policymakers have said. In a Reuters survey conducted early this month, economic growth was forecast to slow to 1.2% in 2023 from 2.6% in 2022, followed by a recovery to 2.1% in 2024. The government in August unveiled its 2024 budget plan that included the smallest increase in two decades amid weakening tax revenue due to slower economic growth. He also pledged South Korea would maintain mutually beneficial cooperation with China, South Korea's largest trading partner.

Persons: South Korea Yoon Suk, Yoon Suk Yeol, Yoon, 1,348.7800, Jihoon Lee, Ed Davies Organizations: South, Saudi, Future Investment Initiative, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Gross, Bank of, Thomson Locations: South Korea, Riyadh, Saudi Arabia, Rights SEOUL, United States, Bank of Korea, Washington, China, South

☆ Asiana Airlines shares jump ahead of board meeting on merger with Korean Air
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

If approved, the move might help South Korea's biggest carrier Korean Airlines (003490.KS) to win European Union antitrust approval for acquiring Asiana Airlines. Asiana Airlines said on Friday that it would hold a board meeting on Monday to discuss whether to accept Korean Air's proposal to the EU, according to its regulatory filing. Reuters reported earlier that Korean Air would offer to sell Asiana's air cargo business and divest routes to four EU cities. Separately, Korean Air will convene a board meeting on Monday, said a company official who declined to share further details. At the board meeting, the carrier is expected to finalise a revised proposal to gain EU approval for its merger with Asiana Airlines, Maeil Business Newspaper reported.

Persons: Heekyong Yang, Ed Davies Organizations: Korea's Asiana Airlines, Korean Air Lines, Korea's, Korean Airlines, Asiana Airlines, Reuters, Korean Air, Maeil Business, Thomson Locations: SEOUL, Korea's, KS, Asiana

Seoul, South Korea CNN —When fighting broke out in Kang Hyeon-joo’s elementary school classroom, her heart would beat so fast she could not breathe and her vision would blur. Tens of thousands of teachers have been protesting in recent months, calling for more protection from students and parents. But we couldn’t do anything, if we teach them, we could be accused,” said Ahn Ji-hye, an elementary school teacher who helped organize previous protests. Mourners lay flowers in front of a memorial altar for an elementary school teacher who died in an apparent suicide in July at an elementary school in Seoul on September 4, 2023. South Korea’s education minister Lee Ju-ho initially warned teachers that a mass strike would be an illegal act.

Persons: Kang Hyeon, ”, Kang, ” Kang, Charles Miller, Sung Youl, kwan, “, Ahn Ji, Ahn, Jung Yeon, Lee Ju, Sung, Chung Sung, –, ” Sung Organizations: Lifeline, South Korea CNN, CNN, Police, Kyung Hee University, “, Getty, National Assembly, Child Welfare, ”, Federation of Teachers ’ Labor Union Locations: Seoul, South Korea, Korean

☆ South Korea says holds first joint air drill with Japan and US
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +1 min

A U.S. Air Force B-52 strategic bomber, C-17 aircraft along with South Korea's Air Force F-35As take part in a joint drill, South Korea, December 20, 2022. The Defence Ministry/Handout via REUTERS/File Photo Acquire Licensing RightsSEOUL, Oct 22 (Reuters) - South Korea, together with Japan and the United States, held a joint aerial exercise near the Korean peninsula on Sunday, the South Korean military said, marking the first such collaboration between the three countries. The drill aimed to expand the countries' response capabilities against North Korea's nuclear and missile threats, South Korea's air force said in a statement. At the Camp David summit in August, leaders of Japan, South Korea and the United States agreed to carry out annual, multi-domain trilateral exercises and set up a hot line for crisis communications. Also on Sunday, South Korean and U.S. navies completed a joint anti-submarine exercise called Silent Shark, the South Korean navy said.

Persons: Barbara Lewis Organizations: U.S . Air Force, South Korea's Air Force, The Defence Ministry, REUTERS, Rights, South Korean, United, Thomson Locations: South Korea, Rights SEOUL, Japan, United States, U.S, Washington, North Korea, Korean

☆ Hyundai to build Saudi car plant jointly with Saudi wealth fund
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +1 min

The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsRIYADH, Oct 22 (Reuters) - South Korea's Hyundai Motor Group (005380.KS) will build a car plant in Saudi Arabia jointly with the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, South Korea's President Yoon Suk Yeol said on Sunday. Hyundai Motor Group, the world's No. Yoon visited Saudi Arabia where he met with Saudi Crown Prince Mohammed bin Salman, the kingdom's de facto ruler. Yoon traveled with a delegation of business leaders including Hyundai Motor Group Executive Chair E.S.

Persons: Andrew Kelly, Yoon Suk Yeol, Yoon, Saudi Crown Prince Mohammed bin Salman, Chung, Prince Mohammed, Pesha Magid, Heekyong Yang, Aziz El Yaakoubi, John Stonestreet, David Holmes Organizations: Hyundai Motor, New York, REUTERS, Rights, Hyundai Motor Group, Public Investment Fund, South, Hyundai, South Korean, Saudi Crown, Thomson Locations: Manhattan , New York City, U.S, Rights RIYADH, KS, Saudi Arabia, Saudi, Riyadh, Gulf

☆ Fearing China, South Korea targets firms building Taiwan navy submarines
▼ + stars: | 2023-10-16 | by ( Ju-Min Park | ) www.reuters.com time to read: +10 min

SI Innotec, which was fined in August 2022, and Park, who received a suspended prison sentence, deny wrongdoing and have appealed. The equipment was not designed solely for military purposes and did not involve sensitive technology, SI Innotec told Reuters. SI Innotec said the contract, at CSBC's request, listed the equipment's primary use as for wind power generation. "The accused were fully aware that the subject equipment would be used to manufacture a military submarine", the court ruled. It was at this point that Seoul's foreign ministry told DAPA it disapproved of the deal, one of them said.

Persons: Tsai Ing, Narwhal, Carlos Garcia Rawlins, Park Mal, sik, China's, DAPA, Moon Jae, Taiwan's, Innotec, SI Innotec, Moo, sik —, —, Yang Hyang, Yang, KHNT's, KHNT, Cho Hyeon Gyu, 1,343.1000, Ben Blanchard, Faith Hung, Tian, Katerina Ang, Josh Smith Organizations: REUTERS, Rights, Reuters, Administration, Keumha Naval Technology, South, Police, Foreign Ministry, Democratic Progressive Party, Indigenous Defense, South Korean, Foreign Trade, SI, Thomson Locations: Kaohsiung, Taiwan, Rights SEOUL, Beijing, Seoul, U.S, China, South Korea, Park, Taipei, Netherlands, Pacific, Beijing . U.S, Changwon, Korea

A cartoon soldier is depicted on part of a warning sign on barbed wire on the Chinese side of the border between Russia, China and North Korea near the town of Hunchun, China, November 24, 2017. Any forced repatriation of North Koreans goes against international norms and South Korea viewed it as regrettable, Koo Byoung-sam, a spokesman for South Korea's Unification Ministry, told a media briefing. "It appears to be true that a large number of North Koreans in China's three northeast provinces have been repatriated to the North," Koo said. South Korea had been unable to determine the number of people involved and whether there were defectors among them. China has never recognised fleeing North Koreans as defectors and instead calls them "economic migrants".

Persons: Damir Sagolj, Koo Byoung, Koo, Tae Yong, Kim Hyuk, Kim Cheol, Jack Kim, Hyonhee Shin, Eduardo Baptista, Ed Davies, Robert Birsel Organizations: REUTERS, Rights, Koreans, South Korea's Unification Ministry, Former North, Korean, Rights Watch, The North, Thomson Locations: Russia, China, North Korea, Hunchun, Rights SEOUL, South Korea, North, Korea, China's, Former North Korean, Korea's, Beijing, North Koreans, Koreans, The, The North Koreans, Korean, Jilin province

☆ How ‘Moving’ became Disney+’s first big Korean hit
▼ + stars: | 2023-10-06 | by ( Jane Sit | ) edition.cnn.com time to read: +4 min

CNN —Following the success of “Squid Game” on Netflix and “Pachinko” on Apple TV+, “Moving” has landed Disney+ its first Korean hit. “Moving” is a thriller following the fates of low-profile Korean superheroes and their families. Ahead of the awards on October 8, CNN caught up with Ryu to discuss his character, why he thinks the show has resonated with a global audience, and his big hopes for a second season. Korean-style superheroesIn "Moving," actor Cha Taehyun plays a character who has the ability to generate electricity. The actor says the focus on family helps “Moving” resonate with international audiences.

Persons: Kang, Ryu Seungryong, Ryu, Cha Taehyun, Jang Ju, “, ” Ryu, ”, we’re, dote, you’re, don’t, ” That’s, Ryu, “ Kang Organizations: CNN, Netflix, Apple, Disney, Hulu, Star Wars, Marvel, Busan, Film Locations: Asia Pacific, South Korea’s, South Korea, Park Chan, Hulu

☆ Day two: Kaiser Permanente unionized health care workers strike across California, Colorado, Washington and Oregon
▼ + stars: | 2023-10-05 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

CNN —The largest health care strike in US history is now in its second day after more than 75,000 Kaiser Permanente workers began walking off the job on Wednesday. In a statement, Kaiser Permanente said that labor shortages are an industry-wide problem. Striking Kaiser Permanente workers hold signs as they march in front of the Kaiser Permanente San Francisco Medical Center on October 04, 2023 in San Francisco, California. “So, their best choice is to be Monday through Friday in their cars.”In a statement, Kaiser Permanente said it is a leader in pay. This is the first ever national strike effort at Kaiser Permanente.

Persons: Kaiser Permanente’s, Andrew Caballero, Reynolds, Hilary Costa, Kaiser, Caroline Lucas, Anna Isaiah, transcriber, ”, “ It’s, Samuel Braslow, James Bell, Kaiser Permanente, Picketers, Permanente, Justin Sullivan, Rocio Chacon, ” Chacon, “ Organizations: CNN, Kaiser Permanente, Employees, Union, Professional Employees International Union, Getty, ”, Kaiser, Healthcare, Workers, Permanente, Kaiser Permanente San Francisco Medical Center Locations: California , Colorado, Washington and Oregon, Kaiser, Virginia, Washington, DC, Kaiser Permanente Springfield, Springfield , Virginia, AFP, Los Angeles, Los Angeles , California, San Francisco , California, Southern California, United States

☆ UK business confidence slips in September: Lloyds Bank
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

Companies Lloyds Banking Group PLC FollowLONDON, Sept 29 (Reuters) - British business confidence declined in September as optimism about the economic outlook faded, a survey showed on Friday, adding to signs of a slowdown in the economy. The Lloyds Bank Business Barometer, which surveys around 1,200 companies across the economy, fell to 36% from August's 18-month high of 41%. Hann-Ju Ho, senior economist at Lloyds Bank Commercial Banking, said the BoE's decision - taken after the survey was conducted - could underpin business confidence in the coming months. While Lloyds said its gauge of pricing expectations inched higher in September, hiring intentions cooled. The proportion of companies planning to raise salaries also fell, although remained around the average for the year.

Persons: Hann, Ju Ho, Andy Bruce Organizations: Lloyds Banking Group, Lloyds Bank, P Global PMI, Lloyds, Bank of England, Lloyds Bank Commercial Banking, National Statistics, Thomson

She cited unpublished information from Vietnam's Ministry of Natural Resources and Environment, which did not respond to requests for comment. In recent years, Japanese investors Toyota Tsusho and Sojitz abandoned projects at Dong Pao after China ramped up supply, pummelling prices. Reuters GraphicsStill, rare earths at Dong Pao are relatively easy to access and are mostly concentrated in bastnaesite ores, according to the Hanoi University of Mining and Geology. The plant has capacity to process 5,000 tons of REO a year but the company plans to treble that to accommodate input from Dong Pao, Tuan said. The metallization process is controlled by China, which produces 90% of rare-earth metals, according to the U.S. Department of Energy.

Persons: Dong Pao, Blackstone, VTRE, Tessa Kutscher, Anh Tuan, Joe Biden, Kutscher, Sojitz, Dylan Kelly, Vingroup, Rivian, Dong, Tuan, David Merriman, John Rockhold, Dudley Kingsnorth, Francesco Guarascio @fraguarascio, Khanh, Melanie Burton, Trevor Hunnicutt, Mai Nguyen, Phuong, David Crawshaw Organizations: REUTERS, Australia's Blackstone Minerals Ltd, Vietnam's Ministry of Natural Resources, Earth JSC, U.S, . Geological Survey, Reuters, Toyota, Terra Capital, Blackstone, Hanoi University of Mining, REO, White House, Department of Commerce, U.S . Chamber of Commerce, Strategic, ASM, Reuters Graphics Reuters, U.S . Department of Energy, Western Australian School of Mines, Curtin University, Thomson Locations: Nam, Lai Chau, Vietnam, Pao, HANOI, Dong, Beijing, China, Hanoi, U.S, Dong Pao, VTRE, South, Khanh Vu, Melbourne, Seoul, Washington, Phuong Nguyen

☆ Rifle, fur hat, drones: North Korea's Kim returns with gifts from Russia
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +4 min

North Korean leader Kim Jong Un waves as he boards his train at a railway station in the town of Artyom outside Vladivostok in the Primorsky region, Russia, September 17, 2023. Following are some of the items he is bringing back to the "friendship" museum, where gifts received by the North's three generations of leaders are kept. GIFTS FROM RUSSIAAfter his summit with Russian President Putin, Kim received a Russian-made rifle "of the highest quality," according to Kremlin spokesman Dmitry Peskov. Kim received a fur hat from Defence Minister Sergei Shoigu in Vladivostok, where he inspected Russian nuclear bombers, fighter jets equipped with hypersonic missiles and a warship. And Comrade Kim Jong Un liked it,” Matsegora said.

Persons: Kim Jong, Putin, Kim, Dmitry Peskov, Oleg Kozhemyako, Sergei Shoigu, Alexander Matsegora, It’s, Kim Jong Un, ” Matsegora, Yuri Gagarin, Kim Il Sung, Jimmy Carter, Francois Mitterrand, Michael Jordan, Madeleine Albright, Fidel Castro, Propaganda, Kim Dae, Kim Jong Il, Chung, yung, Jack Kim, Lidia Kelly, Gerry Doyle Organizations: REUTERS, Rights, Russian, North, TASS, Moscow, WHO, U.S, Hyundai, Hyundai Group, Thomson Locations: Artyom, Vladivostok, Primorsky, Russia, Russia's Primorsky Krai, Rights SEOUL, Russian, Ukraine, Pyongyang, Russia's, Khasan, North Korea, Paris, North, Cuban, South, North Korean, Seoul, Melbourne

☆ Kim Jong Un discusses stronger North Korea ties with Russia in a 'fresh heyday'
▼ + stars: | 2023-09-16 | by ( Ju-Min Park | ) www.reuters.com time to read: +3 min

[1/4] North Korean leader Kim Jong Un walks with Russia's Defence Minister Sergei Shoigu, as he visits Vladivostok, Russia, September 16, 2023 released by the Korean Central News Agency on September 17, 2023. During his visit to Russia, Kim inspected Russian nuclear-capable strategic bombers, hypersonic missiles and warships on Saturday, accompanied by Russian Defence Minister Sergei Shoigu. South Korea and the U.S. said on Friday military cooperation between North Korea and Russia would violate U.N. sanctions against Pyongyang and that the allies would ensure there was a price to pay. Moscow is discussing joint military exercises with North Korea, Shoigu told Russian media. Earlier this month, North Korea launched its first operational "tactical nuclear attack submarine".

Persons: Kim Jong, Sergei Shoigu, Kim, Vladimir Putin, Kim's, KCNA, Shoigu, Lidia Kelly, Daniel Wallis, David Gregorio, William Mallard Organizations: Russia's, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, Russian Defence, North Korean, DPRK, Democratic People's, Pyongyang, Fleet, Thomson Locations: Vladivostok, Russia, Rights SEOUL, Pyongyang, Russian, Democratic People's Republic of Korea, Ukraine, United States, North Korea, South Korea, U.S, Soviet Union, Moscow, Melbourne

☆ Why these Korean moon jars sell for millions at auction
▼ + stars: | 2023-09-15 | by ( Christy Choi | ) edition.cnn.com time to read: +9 min

‘Owning a piece of happiness’The first moon jars were created in the royal kilns in Gwangju (a city just outside Seoul, not the larger southern city of the same name) from 1650 to 1750. A modern-day moon jar made by South Korean potter Kwon Dae Sup, who said: "To appreciate a moon jar properly, you should look beyond its simple shape. He works out of a studio in Gwangju, where the royal kilns that produced moon jars were once located. Moon Duk Gwan/Axel Vervoordt GalleryKwon Dae Sup lifts a large moon jar into a kiln. Moon Duk Gwan/Courtesy Axel Vervoordt GalleryThere’s a great deal of preparation that goes into making a moon jar traditionally.

Persons: Alain de Botton, London’s Victoria, Beth McKillop, ”, Angela McAteer, “ You’ve, it’s, Yanagi Soetsu, Bernard Leach, Leach, Lucie Rie, Charlotte Horlyck, Sotheby’s, Kwon Dae, Axel Vervoordt, Choi Sunu, South Korea’s, Yu Woo, you’ve, Mark, Rothko, “, Ceramist Kim Syyong, Yun, Choi Bo Ram’s, Kwon, Duk Gwan, Duk, There’s, ” Kwon, Axel Vervoodt Organizations: CNN, Albert Museum, British Museum, Boston’s Museum of Fine Arts, University of London’s School of Oriental, African Studies, Art Bulletin, National Museum of, BTS Locations: New York, Americas, Europe, Gwangju, Seoul, British, South Korean, National Museum of Korea, ”, South, Korean

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