- April 2nd, 2025
Pony AI Inc., a leading autonomous-driving technology company, is pivoting its focus towards diversifying its supply chain and targeting international markets beyond the United States. This strategic shift, announced by CEO James Peng, comes amid escalating geopolitical tensions between Beijing...
The Bank of Korea (BOK) cut its seven-day repurchase rate by a quarter percentage point to 3% on Thursday, marking its second consecutive rate reduction in less than two months. The unexpected decision came alongside a downgraded economic growth forecast...
South Korea's central bank lowered its benchmark interest rate on Thursday for the second consecutive month. The Bank of Korea (BOK) cut its policy rate by 0.25 percentage points to 3%, signaling a shift towards more accommodative monetary policies in...
South Korea remains deeply divided over the prospect of directly supplying arms to Ukraine, even as international calls intensify following reports of North Korean troops bolstering Russia’s war efforts. Recent surveys reveal significant public opposition to such military aid, placing...
Hyundai Motor Company announced on Wednesday that it will initiate a significant share buyback program worth 1 trillion won (approximately $715.79 million). The program will begin on Thursday and is slated to run over the course of three months, according...
The South Korean-made K239 Chunmoo Multiple Rocket Launcher System (MRLS) has been observed in Saudi Arabia for the first time. This revelation comes from images shared by South Korean defense observer @mason_8718 on the social media platform X (formerly Twitter)....
North Korean leader Kim Jong Un has declared that past diplomatic engagements with the United States only confirmed Washington's enduring hostility toward his regime, state media reported on Friday. The remarks come months ahead of former President Donald Trump's anticipated...
At the edge of the bustling industrial city of Changwon in southern South Korea, a groundbreaking shift in global geopolitics may be taking shape. Workers at the Hanwha Aerospace factory, the country’s largest defense contractor, are meticulously assembling components for...
The United States' commitment to bolstering its Indo-Pacific allies, the U.S. Department of State has approved a potential $6.2 billion Foreign Military Sale (FMS) to South Korea. The sale includes advanced equipment and services aimed at upgrading the Republic of...
South Korean President Yoon Suk Yeol has announced a significant 45% increase in the nation's contribution to the World Bank's International Development Association (IDA), signaling South Korea's commitment to global development. This pledge, totaling approximately 845.6 billion won (US$608.26 million),...
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