Chung Yong-jin, chairman of South Korean retail conglomerate Shinsegae Group, was set to meet with Donald Trump Jr., the eldest son of U.S. President-elect Donald Trump, at the president-elect’s Florida resort this week, the group said Wednesday. Chung is visiting the Mar-a-Lago resort Tuesday and Wednesday (U.S. time) to meet with Donald Trump Jr., according…
South Korean artificial intelligence (AI) startup Twelve Labs said Friday it has attracted a combined US$30 million investment from companies from here and abroad, unveiling plans to strengthen strategic cooperation with them. Twelve Labs received investment from Snowflake Inc. and Databricks Inc., both U.S.-based data and cloud computing companies, as well as South Korean telecommunications…
Korean Air Co. plans to finalize its acquisition of a controlling stake in rival Asiana Airlines Inc. on Wednesday, completing the merger deal between South Korea’s leading carriers that has been sought over the past four years, according to company officials. Korean Air plans to invest 1.5 trillion won (US$1.07 billion) in a third-party share…
U.S. President-elect Donald Trump’s transition team is seeking to cut off support for electric vehicles (EVs) and impose tariffs on all battery materials, Reuters reported Monday, citing a document from the team tasked with writing a strategy to implement new automotive policies. The proposals represent a departure from the Biden administration’s policy that has encouraged…
