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SiriusPoint Reports Eighth Consecutive Quarter of Underwriting Profits and Seventh Consecutive Quarter of Positive Net Income

HAMILTON, Bermuda, Oct. 31 (Korea Bizwire) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its third quarter ended September 30, 2024 Third quarter net income of $5 million, impacted by completion of the previously announced CMIG shareholder transaction. Underlying net income1 of $89 million, up 69% versus prior year driven by higher [...]

Sabin Sends More Marburg Vaccines for Rwanda’s Outbreak

WASHINGTON, Oct. 31 (Korea Bizwire) — In continued collaboration with Rwanda to address the Marburg virus outbreak, the Sabin Vaccine Institute has dispatched approximately 1,000 additional investigational vaccine doses for a randomized clinical trial arm within the ongoing open-label study. More than 1,500 frontline workers have already been vaccinated in Rwanda with the Sabin vaccine. [...]

NUAIR and SRAA Celebrate New Headquarters and Highlight Central New York’s Leadership in Advanced Air Mobility and Drone Innovation

Central New York welcomes Assemblymembers Magnarelli, Hunter, and Stirpe along with key partners and industry leaders for the ribbon cutting of NUAIR’s new headquarters in Syracuse Hancock International Airport SYRACUSE, N.Y., Oct. 31 (Korea Bizwire) — Just outside the glass doors of Terminal A at Syracuse Hancock International Airport, NUAIR’s newly established headquarters sits immediately [...]

Major South Korean Department Stores Unveil Elaborate Christmas Displays for Holiday Season

SEOUL, Oct. 31 (Korea Bizwire) – In a coordinated seasonal effort, South Korea’s leading department stores are preparing to transform their spaces into festive wonderlands, with all major retailers set to reveal their Christmas decorations on December 1. Lotte Department Store announced on October 30 that it will progressively roll out its “Wonderful Showtime” themed decorations [...]

South Korea’s New Car Registrations Plunge to 11-Year Low Amid High Interest Rates, EV Slowdown

SEOUL, Oct. 31 (Korea Bizwire) – New car registrations in South Korea have fallen to their lowest level in 11 years during the first three quarters of 2024, according to data released by the Korea Automobile Mobility & Industry Association (KAMA) on October 30. Total new vehicle registrations for January through September reached 1,209,154 units, marking [...]

Brain Supplements Sold Online Found to Contain Banned Substances in South Korea

SEOUL, Oct. 31 (Korea Bizwire) – South Korean authorities have discovered multiple prohibited pharmaceutical ingredients in imported brain health supplements that claim to boost memory and concentration, according to a report released on October 30. The Korea Consumer Agency and the Ministry of Food and Drug Safety jointly examined 19 foreign-made brain health supplements sold on [...]

N. Korea Launches New Solid-fuel ICBM ahead of U.S. Election

SEOUL, Oct. 31 (Korea Bizwire) — North Korea fired what appeared to be a new type of solid-fuel intercontinental ballistic missile (ICBM) toward the East Sea on Thursday, South Korea’s military said, in a move apparently aimed at bolstering Pyongyang’s leverage head of the U.S. presidential election next week. Thursday’s launch also came hours after [...]

Samsung Heavy Wins W358 Bln LNG Ship Order in Asia

SEOUL, Oct. 31 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Thursday it has received a liquefied natural gas (LNG) ship order for 358 billion won (US$259 million). Samsung Heavy will build the LNG carrier for an unidentified shipper in Asia by June 2027, the company said in a [...]

S. Korea to Promote Korean Name ‘Gim’ for Seaweed Products Overseas

SEOUL, Oct. 31 (Korea Bizwire) — The oceans ministry said Thursday it will work to establish the Korean name “gim” as a globally recognized term for seaweed products as part of efforts to boost their exports. “South Korea has been facing hurdles in promoting its gim products, as they have been referred to by various [...]

Hyundai Motor Unveils New Hydrogen-based EV Concept

SEOUL, Oct. 31 (Korea Bizwire) — Hyundai Motor Co. on Thursday unveiled the concept of its upcoming passenger hydrogen fuel cell electric vehicle (FCEV) named Initium that comes with an extended driving range and ample hydrogen fuel storage capacity. Initium is a concept by Hyundai that reflects the product and design direction of a passenger [...]