Hanwha Aerospace announced on April 25 that it has signed an additional executive contract with Polish Armaments Agency for supplying 72 more Chunmoo Multiple Rocket Launcher Systems (MRLS).The deal was preceded by the framework contract and the first executive contract, both signed in 2022.Worth ar
Standard Chartered (SC) Bank Korea said on April 22 that it was carrying out an event to offer a higher interest option for new customers of money market deposit accounts (MMDAs).The Seoul-based lender promises up to 3.5 percent of annual interest rates for MMDAs clients, who newly deposit balances
South Korea’s Mirae Asset Global Investments announced on April 17 that its U.S. affiliate Global X ETFs had named Ryan O’Connor as its new CEO effective on April 8.He is an ETF specialist with almost two decades of experience in the U.S. ETF market.Before getting aboard Mirae Asset, O’Connor was a
Beginning on May 17 this year, South Korea’s Cultural Heritage Administration will be renamed the Korea Heritage Service as a part of efforts to revamp the agency.The outfit said that the name change was designed to provide better services to people. The term “national heritage” will be also used in
Bangladesh’s current government has diverse plans and multiple infrastructure projects underway to transform it into one of the advanced countries until 2041, according to the country’s envoy Md. Delwar HOSSAIN.The diplomat made he point in an event held in Seoul designed to mark the 53rd Bangladesh
Hanwha Aerospace announced on April 15 that the firm had rolled out its 10,000th military engine, achieving a major milestone for its indigenous development and manufacturing of aero engines.A ceremony was held at its Changwon plant to commemorate the rollout of the 10,000th aircraft engine, the F40
This is a contribution from IFAS Executive Committee Chairperson Askhat Orazbay. _ ED.Dear readers!My name is Askhat Orazbay and I am the Chairperson of the Executive Committee of the International Fund for Saving the Aral Sea (IFAS), in which Kazakhstan holds the chairmanship for 2024-2026.I would
Mirae Asset Global Investments said on April 12 that the company’s two ETFs investing in U.S. stocks had topped 3 trillion won ($2.2 billion) in terms of assets under management, respectively.The two financial vehicles of the top-tier asset management company in South Korea are the TIGER S&P500 ETF
South Korea’s H&U Company announced on April 8 that the outfit's exhibition of painter Kim Heungsou in Seoul had attracted so many art fans over the past month.In consideration of such positive feedback, H&U Company said that it would extend the exhibition by almost a month to May 3. It started midw
South Korea’s Icheon City announced on April 4 that it had signed a memorandum of understanding with Korea Polytechnic University’s Semiconductor Convergence Campus.Under the contract, the two sides agreed to foster working-level human resources for customized semiconductors.At the signing ceremony
Korean Air has introduced eco-friendly uniforms, which the firm’s maintenance, aerospace, cargo, and ground handling employees started wearing this month.South Korea’s leading flag carrier noted that the renewed uniforms had been designed to cater to the diverse needs of the airline’s staff.Korean A
South Korea’s Ministry of Foreign Affairs (MOFAT) held its Iftar dinner late last week at a downtown Seoul hotel. It is an annual gathering hosted by the ministry since 2004.The MOFAT said that this year’s event was the largest scale in history.As the capacity of the host country, Foreign Minister C
Korea Ginseng Corporation (KGC) announced on April 1 that the company had appointed Bin An as its new chief executive officer through a general shareholders’ meeting.After getting aboard KGC back in 2000, An has assumed various senior jobs at the world’s leading red ginseng company by any measure.Hi
Multinationa tech giant Merck announced on April 1 that M Chemical has been officially integrated into Merck Korea’s affiliate Versum Materials Korea as of the day.Going forward, M Chemical will be operating under the legal entity Versum Materials Korea while still belonging to Merck Korea, accordin
South Korea’s LS Group announced on March 29 that the conglomerate would continue to find new growth engines in such high-tech areas as batteries along with its suppliers.Toward that end, the group said that leaders from its affiliates and partners had convened together last September for the second
South Korea’s Hyundai Development Company (HDC) announced on April 29 that it would launch the so-called Project H1 this year of developing areas around Kwangwoon University Station in northern Seoul.Specifically, the Seoul-based builder is scheduled to start the work in the latter half of this year
The Embassy of Myanmar in South Korea held an event aimed at celebrating the 79th Armed Forces Day in Seoul earlier this week along with a host of participants.Myanmar Amb. U Thant Sin emphasized that historically, South Korea and Myanmar had been regularly proceeding with military training programs
The Tajikistan Embassy observed its 2024 Navruz International Day earlier this week at a Seoul hotel where diplomatic corps and media representatives took part.Tajikistan Amb. Salohiddin Kirom said that Nowruz plays a significant role in strengthening the ties among people based on mutual respect an
Korea Ginseng Corporation (KGC) announced on March 25 that the world’s leading ginseng maker would start an event in line with its female volleyball team’s advancement into the playoff in the 2023-24 V League season.Daejeon KGC, which chalked up seven consecutive wins in the final games to achieve t
Pakistan Amb. Nabeel Munir celebrated the country’s 2024 National Day in Seoul late last week. He noted that Pakistan’s worldview is rooted in friendship, goodwill, and a commitment to international peace and prosperity.Talking about special ties with South Korea, Amb. Munir addressed in front of ov