Business

South Korean President Lee to Meet U.S. Business Leader on Economic Cooperation

South Korean President Lee Jae Myung is set to meet Evan G. Greenberg, chair of the U.S.-Korea Business Council and CEO of Chubb Group, to discuss strengthening economic cooperation...

Trump’s Russian Diesel Deal Raises Questions About US Sanctions Policy on Moscow

In a striking policy shift, U.S. President Donald Trump has announced a deal with Russian President Vladimir Putin...

Trump Threatens High Tariffs on Foreign Firms Without US Manufacturing Plants

U.S. President Donald Trump has issued a stern warning to foreign companies, stating they could face tariffs ranging...

Russia to Boost 2027 Defence Budget by 27% amid Rising Deficit

Russia is set to significantly increase its defense spending, with plans to allocate 17.1 trillion rubles (approximately $202.6...

Russia’s 2027 Budget Draft Proposes Tax Increases on Passive Income and Dividends

Russia's Finance Ministry has unveiled a draft federal budget for 2027-2029, introducing several new tax measures aimed at...

LG Electronics Expands Focus to Robotics Actuators and B2B Appliances

LG Electronics is strategically focusing on robotic actuators and business-to-business (B2B) appliances as key growth sectors. The company is gearing up for potential large-scale...

U.S., South Korea Actively Plan Investments in Semiconductor Sector

South Korea and the United States are currently engaged in discussions regarding semiconductor investments within the U.S., according to a statement from a South...

India to Purchase Five Additional S-400 Air Defense Systems

India is advancing its efforts to procure five more S-400 Triumf air defence systems from Russia, as the Russian government has already submitted a...

South Korea and Qatar Enhance Economic and Financial Partnership Efforts

Qatar and South Korea are looking to bolster their economic and financial ties, with discussions aimed at expanding cooperation in areas of shared interest....

South Korea Trials Container Ship on First Arctic Route Journey

In a significant move towards exploring alternative shipping routes, South Korea has embarked on its inaugural trial voyage through the Arctic's Northern Sea Route....

Heatwaves, Conflicts Drive Global Food Prices to Three-Year Peak

In July, global food prices soared to their highest in over three years, mainly due to extreme weather conditions, crop yield worries, and disruptions...