HAMILTON, Bermuda, Feb. 18, 2025 (Korea Bizwire) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its fourth quarter ended December 31, 2024 Combined ratio of 90.2% in the fourth quarter for Core business, representing a 3.2 point improvement versus prior year, resulting in a full year 2024 Core combined ratio of [...]
SEOUL, Feb. 18 (Korea Bizwire) — A South Korean court has ordered Iron Mace, a startup game developer, to pay 8.5 billion won to gaming giant Nexon in a trade secrets case that hinged on whether game design concepts and rules developed at a company constitute protected business secrets. The Seoul Central District Court ruled on [...]
SEOUL, Feb. 18 (Korea Bizwire) — Seoul’s retail sector is entering a slowdown phase as economic stagnation and reduced consumer spending take hold, according to a recent market analysis. Cushman & Wakefield Korea released its Q4 2024 Retail Market Report on Monday, forecasting that persistent inflation, a strong U.S. dollar, and rising household debt burdens [...]
WASHINGTON, Feb. 17 (Korea Bizwire) — A senior South Korean trade official said Monday he will seek to have “mutual beneficial” discussions during his planned talks with U.S. officials in Washington, amid concerns over the potential impact of President Donald Trump’s tariff policy on the Asian country. Deputy Minister for Trade Park Jong-won made the [...]
SEOUL, Feb. 18 (Korea Bizwire) — Nearly half of South Korean restaurant owners have raised their menu prices to offset mounting delivery app commission fees, which they cite as their biggest business burden, according to a new survey released on February 14. The Consumer Network for Public Interest surveyed 502 restaurant owners and found that delivery [...]
SEOUL, Feb. 18 (Korea Bizwire) – The Constitutional Court is set to hold the ninth hearing of President Yoon Suk Yeol’s impeachment trial Tuesday as deliberations have entered their final phase. During the hearing at 2 p.m., the legal representatives of Yoon and the National Assembly are each set to present a summary of their [...]
SEOUL, Feb. 18 (Korea Bizwire) – The government and the ruling People Power Party (PPP) were set to discuss Tuesday ways to improve competitiveness in the artificial intelligence (AI) industry. During their consultations, the two sides are expected to review AI trends and strategies related to DeepSeek, China’s generative AI service, and discuss ways to [...]
JEJU, Feb. 18 (Korea Bizwire) — Tangerine greenhouse farmers on South Korea’s Jeju Island are increasingly turning to smartphone-controlled irrigation systems, marking a significant shift toward smart farming in the country’s prominent citrus-growing region. A consortium including the Namwon Agricultural Cooperative in Jeju, the Jeju ICT Cooperative, and smart farm developer Mamkkot Garden has been selected [...]
SEOUL, Feb. 18 (Korea Bizwire) — The management rights of Inspire Entertainment Resort, a major integrated resort on Yeongjong Island near Incheon, have been transferred from U.S.-based Mohegan to global private equity firm Bain Capital. Inspire announced on Monday that Bain Capital had exercised its acquisition rights, taking over the management of its parent company, [...]
SEOUL, Feb. 18 (Korea Bizwire) — The defense ministry said Tuesday it will seek to recover the remains of more than 200 soldiers killed during the 1950-53 Korean War this year as part of an ongoing project to find and identify missing service members. Since 2000, the ministry has been working to recover the remains [...]