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Seoul, South Korea CNN —Raising a child in South Korea is no easy task. As a result, the hagwon industry in South Korea is massive, and profitable. Of the nearly 60,000 middle and high school students surveyed nationwide, almost a quarter of males and one in three females reported experiencing depression. Activists say South Korea needs deeper change instead, such as dismantling entrenched gender norms and introducing more support for working parents. Some agreed the private education sector needed reform, but doubted the effectiveness of this move.

Persons: Lee Ju, Lee, “, ” Lee, Anthony Wallace, Jung Yeon, Lee –, Yelim Lee, hagwons, ”, Critics, Kim Hong Organizations: South Korea CNN, South Korean, College, Education, Getty, South, Ministry of Education, Organization for Economic Co, Development, OECD, Ministry of Health, Twitter Locations: Seoul, South Korea, AFP, South Korea's, South, Haiti, Iceland, United States, United Kingdom, Korean, Korea, Japan

SEOUL, June 30 (Reuters) - A South Korean chip executive imprisoned over industrial espionage charges rejected allegations he had sought to build a copycat chip factory in China with sensitive information developed by Samsung Electronics. Choi is in custody at a detention centre in Suwon, a city south of Seoul where Samsung has its headquarters. Neither Foxconn or companies contracted build the Samsung plant were accused of any wrongdoing. A NAND flash chip is a storage chip that retains data even when a device is turned off, unlike a DRAM chip which loses data when the power is off. "What we were planning to build was a R&D fab and there is no R&D fab at (Samsung's) Xian plant.

Persons: Choi Jinseog, Choi, Taiwan's Foxconn, aren't, Foxconn, Kim Pilsung, XIAN Choi, Roh Hwa, Kim, Heekyong Yang, Josh Ye, Ben Blanchard, Miyoung Kim, Lincoln Organizations: Samsung Electronics, Reuters, Prosecutors, Samsung, Hai Precision Industry Co, Thomson Locations: SEOUL, Korean, China, KS, Xian , China, Suwon, Seoul, Xian, Qingdao, South, Hong Kong, Taipei

☆ Robot takes podium as orchestra conductor in Seoul
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

[1/3] An android robot, EveR 6, is seen as it takes the conductor's podium to lead a performance by South Korea's national orchestra, in Seoul, South Korea, June 30, 2023, in this handout picture. National Theater of Korea/Handout via REUTERSSEOUL, June 30 (Reuters) - An android robot, EveR 6, took the conductor's podium in Seoul on Friday evening to lead a performance by South Korea's national orchestra, marking the first such attempt in the country. The two-armed robot, designed by the Korea Institute of Industrial Technology, made its debut at the National Theater of Korea, leading musicians in the country's national orchestra. "Movements by a conductor are very detailed," Choi Soo-yeoul, who led Friday's performance alongside the robot, said. The humanoid robot guided three of five pieces showcased on Friday evening, including one jointly conducted with Choi.

Persons: Choi Soo, Choi, Lee Young, Lee, Daewoung Kim, Jimin Jung, Soo, hyang Choi, Emma Rumney Organizations: South, Theater of, REUTERS, Korea Institute of Industrial Technology, National Theater of, Thomson Locations: Seoul, South Korea, Theater of Korea, REUTERS SEOUL, National Theater of Korea

☆ North Korea: "No intention to examine" Hyundai Group chief's bid to visit
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

SEOUL, July 1 (Reuters) - North Korea has no intention to "examine" South Korea's Hyundai Group chief's plan to visit the North's Mount Kumgang, the country's foreign ministry said in a statement on Saturday. Hyundai Group Chairwoman Hyun Jeong-eun has been seeking to visit North Korea in August and submitted applications to South Korea's unification ministry, Yonhap news agency reported on Friday, citing an unnamed official at the ministry. Hyundai's late founder, Chung Ju-Yung, was born in North Korea. Mount Kumgang is on North Korea’s east coast near the demilitarised zone separating the two countries. North Korea has long rejected criticism of its rights conditions as part of a plot to overthrow its rulers.

Persons: Kumgang, Hyun Jeong, Chung, Yung, Yoon Suk, Heekyong Yang, Sandra Maler, William Mallard Organizations: Korea's Hyundai, Hyundai, DPRK, Thomson Locations: SEOUL, North Korea, Korea, North Korea’s, Kaesong, Pyongyang

The announcement did not name Choi and gave only limited details, although some media subsequently identified Choi and his links with Foxconn. The unreleased 18-page indictment, reviewed by Reuters, provides details in the case against Choi, including how he is alleged to have stolen Samsung's trade secrets and details about the planned Foxconn plant. Choi's Singapore-based consultancy Jin Semiconductor won the contract with Foxconn around August 2018, according to the indictment. According to the indictment, the new Foxconn plant had planned capacity of 100,000 wafers per month using 20-nanometre DRAM memory chip technology. However, Foxconn ended the contract just a year later and only paid salaries related to the project, the lawyer said.

Persons: Kim Hong, Choi Jinseog, Taiwan's Foxconn, Choi, Kim Pilsung, Cho Young, sik, Samoo, Choi's, Chung Chan, Kim, Foxconn, Cho, HanmiGlobal, Chung, Lee Jong, Lee, Jin Semiconductor's, Yoon Suk, 1,294.4600, Heekyong Yang, Ben Blanchard, Chen Lin, Josh Ye, Miyoung Kim, Lincoln Organizations: Samsung Electronics, REUTERS, Samsung, South, Prosecutors, Reuters, Jin Semiconductor, Foxconn, Samoo Architects & Engineers, Google, SK Hynix, Samsung's, Sangmyung University, Hai Precision Industry Co Ltd, South Korean, Thomson Locations: Suwon, South Korea, SEOUL, China, Choi's Singapore, Xian , China, HanmiGlobal, South, CHINA, United States, Taipei, Singapore, Hong Kong

☆ South Korea aims to curb private education spending, axe 'killer questions'
▼ + stars: | 2023-06-26 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

"We will cut the vicious cycle of killer questions in exams, which leads to excessive competition among students and parents in private education," education minister Lee Ju-ho told a briefing. The ministry also vowed to crack down on private education "cartels" by ramping up efforts to monitor what it termed false and exaggerated advertising by private schools targeting exam preparations. Local media have reported on alleged connections between the private education industry and government education officials in drawing up college entrance exams that require private tutoring to master. Nearly eight in 10 students use in private education products such as cram schools, known as "hagwons", according to the report. Shin So-young, an activist at civic group The World Without Worry About Private Education, said the planned changes may not be enough to contain the competition.

Persons: Yoon Suk, Lee Ju, Yoon, Shin, Woongjin Thinkbig, 1,302.0300, Soo, hyang Choi, Hyunsu Yim, Jack Kim, Ed Davies, Gerry Doyle Organizations: South Korea, Education, Thomson Locations: South, SEOUL, South Korea's, South Korea, KS, MegaStudyEdu

☆ Musk picks Vegas for Zuckerberg 'cage match' challenge
▼ + stars: | 2023-06-22 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

(Photo by Alain JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via Getty Images)Twitter owner and Tesla CEO Elon Musk suggested Vegas for the location of a "cage match" after reportedly being challenged to a fight by Facebook co-founder Mark Zuckerberg. Another user cautioned Musk saying, "Better be careful @elonmusk I heard he does the ju jitsu now." Zuckerberg reportedly has a white belt in Brazilian jiu-jitsu. That sparked a comment from Musk that suggested he is up for a fight with the Zuckerberg. The Verge tech publication confirmed that Zuckerberg is "serious about fighting Elon Musk and is now waiting on the details" if Musk decides to follow through.

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Mark Zuckerberg, Musk, Zuckerberg, Mario Nawfal, Dave Camarillo Organizations: SpaceX, Twitter, Porte de, Getty, Facebook, UFC, Blockchain Consulting, Meta, Guerilla Jiu Jitsu, CNBC Locations: Paris, AFP, Vegas

☆ Elon Musk wants to have a cage match with his tech world nemesis, jiu-jitsu enthusiast Mark Zuckerberg
▼ + stars: | 2023-06-21 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Elon Musk said he'd be up for fighting his tech world nemesis, jiu-jitsu lover Mark Zuckerberg. Elon Musk says he'd be up for settling his beef with Mark Zuckerberg in the ring. On Tuesday night, Musk took to Twitter to respond to unsubstantiated rumors that Meta might soon launch a rival to Musk's Twitter, called Threads. While we can only assume Musk's cage fight proposition is a joke, Musk and Zuckerberg have in the past traded words over their respective tech kingdoms. In the very, very slim chance that Musk and Zuckerberg were to meet in the cage, Musk would find a tough opponent in his tech world nemesis: Zuckerberg has been looking totally shredded lately.

Persons: Elon Musk, he'd, Mark Zuckerberg, Musk, Vladimir Putin, Musk's, Zuckerberg, Putin, Ramzan Kadyrov, Dmitry Rogozin . Organizations: Morning, Twitter, SpaceX, Facebook, Boring, Meta Locations: Ukraine, Redwood City , California, Russian

The Defense... Read moreSEOUL, June 16 (Reuters) - South Korea has recovered from the sea part of a rocket used in North Korea's failed attempt to launch its first military satellite last month, the Joint Chiefs of Staff said on Friday. The announcement came about two weeks after North Korea unsuccessfully tried to launch its first spy satellite, with the booster and payload plunging into the sea. South Korea began retrieving debris shortly after the launch, and had already recovered smaller parts. Lee Choon-geun, a honorary research fellow at South Korea's Science and Technology Policy Institute, said the newly retrieved object appeared to be a fuel tank. On Friday, the U.S. guided-missile submarine USS Michigan arrived in South Korea for the first time since 2017 for joint special warfare exercises aimed at improving responses to North Korean threats, the South Korean navy said.

Persons: North Korea's, Lee Jong, Lee Choon, Chang Young, Chang, Soo, hyang Choi, Hyonhee Shin, Ed Davies, Gerry Doyle Organizations: South Korean, The Defense, Joint Chiefs, Staff, North, Korea's Defence, South Korea's Science, Technology Policy Institute, Korea Aerospace University, North Korean, Thomson Locations: Korea, South Korea, SEOUL, North, North Korea, United States, Seoul, Washington, Pyongyang, U.S, Michigan

☆ 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

☆ British man detained climbing South Korean skyscraper
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

[1/2] A British man climbs South Korea's tallest building, the 123-storey Lotte World Tower, without a rope before being forced to abandon the climb more than halfway up, in Seoul, South Korea, June 12, 2023. South Korea's Songpa Fire Station/Handout via REUTERSSEOUL, June 12 (Reuters) - A British man attempted to scale the world's fifth tallest building without ropes on Monday until South Korean authorities forced him to abandon his climb more than half way up the 123-storey Lotte World Tower in Seoul. The 24-year-old man, wearing shorts, made his way up the landmark skyscraper for more than an hour as police and fire crews gathered below. British media reported he was arrested and jailed for climbing the Shard building in London in 2019. In 2018, police arrested “French Spiderman” Alain Robert as he was more than half-way up the Lotte World Tower.

Persons: George King, Thompson, “, ” Alain Robert, Robert Birsel Organizations: Lotte, REUTERS, South, Chosun Ilbo, Thomson Locations: British, Seoul, South Korea, Handout, REUTERS SEOUL, London

☆ South Korea vows support for its chip sector amid China-US tension
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 8 (Reuters) - South Korea pledged support for its chip sector on Thursday, with President Yoon Suk Yeol describing competition in the industry as an "all-out war" amid heightened Sino-U.S. tension. The government plans to help expand research and development, bolster smaller players, strengthen legal protection for chip technology and set up a chip testing facility, the industry ministry said in a statement. South Korea has sought to avoid becoming embroiled in a tit-for-tat row between China and the United States over semiconductors. On one hand, chipmakers Samsung Electronics Co Ltd (005930.KS) and SK Hynix Inc (000660.KS) depend on U.S. technology and equipment. At the same time, about 40% of South Korea's chip exports go to China, trade ministry data showed.

Persons: Yoon Suk, Yoon, Fitch, Joyce Lee, Edwina Gibbs, Christopher Cushing Organizations: Companies, Samsung Electronics Co, SK Hynix Inc, Washington, Samsung, SK Hynix, SK Hynix's, SK, Thomson Locations: SEOUL, South Korea, United States, Korea, China, U.S

SINGAPORE, June 3 (Reuters) - South Korea's defence minister said on Saturday that some countries were "ignoring North Korea's unlawful behaviour", which he said threatens to weaken U.N. sanctions against its missile and nuclear programmes. On Wednesday, North Korea launched its first spy satellite into space, although it ended in failure with the booster and payload plunging into the sea. The South Korean minister reiterated that coordination with the United States and Japan to deter North Korea was important. The three countries have agreed to begin sharing North Korean missile warning data in real time "within this year", South Korea's defence ministry said in a statement after a meeting between the South Korean, U.S. and Japanese defence chiefs. North Korea argues it has a sovereign right to space development.

Persons: Lee Jong, Lee, Kanupriya Kapoor, Raju Gopalakrishnan, Robert Birsel, Edwina Gibbs Organizations: . Security, North, " Defence, South, South Korean, Thomson Locations: SINGAPORE, U.N, China, Russia, U.S, North Korea, United States, Singapore, Pacific, Japan, North

☆ South Korea slaps sanctions on North's hacking group after failed satellite launch
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

SEOUL, June 2 (Reuters) - South Korea on Friday announced new sanctions against a North Korean hacking group, Kimsuky, it accused of being involved in the North's latest satellite launch attempt. The United States and South Korea also issued a joint advisory saying the group conducts "large-scale" cyber attacks at think tanks, academic institutions and news outlets. "North Korean hacking groups including Kimsuky have been, directly or indirectly, engaged in North Korea's so-called 'satellite' development by stealing cutting-edge technologies on weapons development, satellite and space," the South Korean ministry said in a statement. The U.S., South Korea and Japan said any launch by Pyongyang using ballistic missile technology violates multiple U.N. Security Council resolutions. South Korea's ministry said the latest sanctions demonstrate Seoul's will to make North Korea pay for its provocations.

Persons: Korea's, Soo, hyang Choi, Rami Ayyub, Chris Reese, Richard Chang Organizations: Friday, Wednesday North Korea, Korean, North, Thomson Locations: SEOUL, South Korea, Korean, United States, Korea's, U.S, Japan, Pyongyang, North Korea, Washington, Seoul

[1/2] Ukrainian artillery fires towards the frontline during heavy fighting amid Russia's attack on Ukraine, near Bakhmut, Ukraine, April 13, 2023. Following Ukraine President Volodymyr Zelenskiy's visit to Japan during the Hiroshima G7 leaders summit last month, Kishida agreed to donate jeeps and trucks. Japan is one of dozens of friends and allies that Washington is asking to help arm Ukraine as it wrestles with stretched military supply chains. Reuters contacted 22 explosives makers listed on the Japan Explosives Industry Association's website. The only one that said it made industrial TNT was Chugoku Kayaku, an Hiroshima-based firm that supplies Japan's military.

Persons: Kai Pfaffenbach, Lloyd Austin, Washington, Fumio Kishida, Volodymyr Zelenskiy's, Kishida, Tsuneo Watanabe, Austin, Akihisa Nagashima, Tim Kelly, Nobuhiro Kubo, Yukiko Toyoda, Kaori Kaneko, Idrees Ali, David Crawshaw Organizations: REUTERS, TNT, Russian, Reuters, Panasonic, Defense, U.S, Japan's Ministry of Trade, Industry, Technology, Logistics Agency, U.S . State Department, Ukraine, TNT Washington, Japan Explosives Industry, Liberal Democratic Party, Thomson Locations: Ukraine, Bakhmut, TOKYO, United States, Japan, Washington, U.S, Tokyo, China, Taiwan, East Asia, Kyiv, Hiroshima, Sasakawa, South Korea, Chugoku, Japan's, Russia, Seoul

SEOUL, May 31 (Reuters) - Rare wailing air raid sirens and mobile phone alerts calling for evacuations rattled residents of the South Korean capital, Seoul, early on Wednesday after North Korea launched what it said was a satellite. North Korea launched the rocket southward, South Korea's military said, prompting emergency alerts and evacuation warnings in parts of South Korea and Japan. [1/2] People watch a TV broadcasting a news report on North Korea firing what it called a space satellite toward the south, in Seoul, South Korea, May 31, 2023. The two countries are still technically at war seven decades after the Korean War ended in an armistice. "Alerts" and "evacuation" were the most trending topics on Twitter in South Korea on Wednesday morning, with confused tweets scrambling to grasp what was going on or to find evacuation areas.

Persons: Lee Juyeon, Lee, Kim Hong, Kim Jong, Ed Davies, Lincoln, Gerry Doyle Organizations: North, REUTERS, Twitter, Thomson Locations: SEOUL, Seoul, North Korea, South, South Korea, Japan, Korean, Seoul's

[1/6] People watch a TV broadcasting a news report on North Korea firing what it called a space satellite toward the south, in Seoul, South Korea, May 31, 2023. The launch prompted emergency alerts and brief evacuation warnings in parts of South Korea and Japan, which were then withdrawn with no danger or damage reported. South Korea's military said it was still analysing whether the launch was successful, while media in South Korea and Japan said governments there were examining the possibility that it failed. North Korea had said it would launch its first military reconnaissance satellite between May 31 and June 11 to boost monitoring of U.S. military activities. North Korea has previously attempted five satellite launches, with two satellites placed in orbit, including during its last such launch in 2016.

Persons: Kim Hong, Leif, Eric Easley, Chol, Brian Weeden, Hyonhee Shin, Josh Smith, Chang, Ran Kim, David Brunnstrom, Chris Reese, Sonali Paul Organizations: REUTERS, Ji, Ewha University, Ocean, Central Military Commission, Workers ' Party, U.S, U.S . State Department, Korean, United Nations, State Department, Secure, Foundation, Thomson Locations: North Korea, Seoul, South Korea, Ji SEOUL, TOKYO, Japan, Korean, China, Pyongyang, Tokyo, Okinawa, Korea's, U.S, Washington

The apparent alteration of a mosque belonging to the Hui ethnic group in Najiaying village, Yunnan province comes amid a sweeping campaign unleashed by China’s leader Xi Jinping to “sinicize” religion. Ma Ju, a prominent Hui activist who now lives in the United States and has kept close contact with Najiaying residents, said about 30 people were arrested. Clashes broke out between police officers and Najiaying residents outside the mosque. In 2018, thousands of Hui residents in Ningxia, in the country’s northwest, staged a sit-in protest for three days to prevent authorities from demolishing a newly constructed mosque. “After they trampled on your dignity, they will suppress you step by step, and assimilate the Hui ethnic group completely into the Han, generation by generation.

[1/6] People watch a TV broadcasting a news report on North Korea firing what it called a space satellite toward the south, in Seoul, South Korea, May 31, 2023. REUTERS/Kim Hong-JiSEOUL/TOKYO, May 31 (Reuters) - A satellite launch conducted by North Korea on Wednesday ended in failure after the rocket's second stage malfunctioned, sending the craft plunging into the sea, North Korean state media said. The new "Chollima-1" satellite launch rocket failed due to instability in the engine and fuel system, state news agency KCNA reported. The launch was the nuclear-armed state's sixth satellite launch attempt, and the first since 2016. It was supposed to launch North Korea's first spy satellite into orbit.

Persons: Kim Hong, KCNA, Hyonhee Shin, Josh Smith, Chang, Ran Kim, David Brunnstrom, Chris Reese, Sonali Paul, Christian Organizations: REUTERS, Ji, North, Thomson Locations: North Korea, Seoul, South Korea, Ji SEOUL, TOKYO, North Korean, Tokyo, Washington

☆ North Korea launches rocket likely connected to military spy satellite, South Korea says
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: +4 min

North Korea launched a purported rocket Wednesday, a day after the country announced a plan to put its first military spy satellite into orbit, South Korea's military said. It wasn't immediately clear whether a North Korean spy satellite would significantly bolster its defenses. Since the beginning of 2022, North Korea has conducted more than 100 missile tests, many of them involving nuclear-capable weapons targeting the U.S. mainland, South Korea and Japan. North Korea says its testing activities are self-defense measures meant to respond to expanded military drills between Washington and Seoul that it views as invasion rehearsals. U.S. and South Korean officials say their drills are defensive and they've bolstered them to cope with growing nuclear threats by North Korea.

Persons: Kim Jong Un, Kim Ju, Kim Il, Ri, Lee Choon Geun, Kim Organizations: North, Korean Central News Agency, Chiefs, Staff, North Korean, South Korea's Science, Technology Policy, U.S Locations: Pyongyang, North Korea, South Korea's, Seoul, Korea, United States, Korean, South Korea, Washington, Japan

SEOUL/TOKYO, May 29 (Reuters) - North Korea has notified Japan of a plan to launch a satellite between May 31 and June 11, a Japanese coast guard official said on Monday. North Korea informed the Japanese coast guard of the planned launch, the coast guard official told Reuters, confirming earlier reports by public broadcaster NHK and other Japanese media. The Japanese prime minister's office urged North Korea to refrain from the launch and said it would work closely with allies. "We strongly urge North Korea to refrain from launching," the prime minister's office said on Twitter, adding it would cooperate "with relevant countries such as the U.S. and South Korea". North Korean leader Kim Jong Un in May inspected a military satellite facility, North Korean state media KCNA reported.

SEOUL, May 27 (Reuters) - A passenger on an Asiana Airlines (020560.KS) flight told police he opened a door on the plane minutes before it landed in Daegu, South Korea, on Friday because he was "uncomfortable", Yonhap News Agency reported. He told police that he opened the door because he "wanted to get off the plane quickly," Yonhap said on Saturday, citing the Daegu Dongbu Police Station. The man opened the door when the plane was about 700 feet (213 metres) above the ground, causing panic onboard. [1/2] Asiana Airlines' Airbus A321 plane, of which a passenger opened a door on a flight shortly before the aircraft landed, is pictured at an airport in Daegu, South Korea May 26, 2023. Police sought an arrest warrant for the detained man on Saturday for violation of the Aviation Security Act and other offences, Yonhap said.

SEOUL, May 26 (Reuters) - South Korea's Hyundai Motor Group and LG Energy Solution Ltd (LGES) (373220.KS) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits. Vehicles from Hyundai Motor Co (005380.KS) and sister automaker Kia Corp (000270.KS) are currently not eligible. [1/2] 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. LGES and Hyundai Motor Group, which houses Hyundai Motor, Kia and autoparts maker Hyundai Mobis Co Ltd (012330.KS), will each own 50% of the joint venture. In April, Hyundai Motor finalised a $5 billion EV battery joint venture in the United States with SK On, a battery unit of SK Innovation Co Ltd (096770.KS), boosting electrification efforts in its largest market.

SEOUL, May 17 (Reuters) - Canadian Prime Minister Justin Trudeau said on Wednesday his country is ready to partner with South Korea on critical minerals and clean energy projects, and to fend off North Korea's nuclear and missile threats. Addressing South Korea's parliament, Trudeau said Canada was committed to increase military engagement to mitigate threats to regional security, while working together with Seoul to denuclearise North Korea. "Canada is ready to strengthen our partnership with friends like Korea on everything from critical minerals to high-tech innovation to clean energy solutions," Trudeau said. Yoon and Trudeau will sign an agreement on key mineral supply chains, clean energy conversion and energy security cooperation, a South Korean government official has said. "Canada is committed to increase not just our trade, but also our military engagement as a means of mitigating threats to regional security," Trudeau said.

☆ Kim Jong Un inspected North Korea's first military spy satellite, says its launch is an 'urgent requirement' for the defense of his country
▼ + stars: | 2023-05-17 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Kim Jong Un inspected North Korea's first finished military spy satellite on Tuesday, per reports. Photos show Kim and his daughter, Kim Ju Ae, inspecting what appears to be components of the military spy satellite. Beforehand, Kim met with the non-permanent satellite-launching preparatory committee, a group tasked with launching the satellite, Reuters reported, citing North Korean media. North Korean leader Kim Jong Un and his daughter Kim Ju Ae meet with members of the non-permanent satellite-launching preparatory committee on May 16, 2023. KCNA via REUTERSTensions between North Korea and its southern neighbor, as well as with the US, continue to be frought.

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