SEOUL, June 5 (Korea Bizwire) — President Lee Jae-myung has formed a policy planning committee to draw up the new government’s policy roadmap, which will effectively serve as a presidential transition team, his office said Thursday. The president appointed Lee Han-joo, head of the Democratic Party’s Institute for Democracy think tank, as the chair of [...]
SEOUL, June 5 (Korea Bizwire) — The floor leader of the People Power Party (PPP) announced his resignation Thursday, as the conservative party is reeling from a defeat in the presidential election earlier this week. Rep. Kweon Seong-dong told a meeting of party lawmakers at the National Assembly that he is resigning to take responsibility [...]
SEOUL, June 5 (Korea Bizwire) — The National Assembly on Thursday passed bills to launch special counsel probes into insurrection charges surrounding former President Yoon Suk Yeol over his failed martial law bid and allegations against Yoon’s wife. The bills were approved in a 194-3 vote with one abstention at a plenary session of the [...]
Singapore, June 05, 2025 (Korea Bizwire) — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”, “YYGH”, or the “Company”), is pleased to announce the acquisition of Uniforce Security Pte Ltd (UFS), marking a pivotal step in expanding the Company’s Integrated Facility Management (IFM) division. This strategic acquisition underscores the Company’s commitment to delivering comprehensive, cutting-edge [...]
In 2024, Philips Foundation initiated 22 new projects and 5 new impact investments expanding its impact and reach in innovative healthcare delivery to India and South America Celebrating a decade of impact with strong progress towards the Foundation’s 2030 goal to improve access to healthcare for 100 million people in underserved communities a year The [...]
ROTTERDAM, The Netherlands, June 05, 2025 (Korea Bizwire) — LyondellBasell (LYB) today announced that it has entered into an agreement and exclusive negotiations with AEQUITA for the sale of select olefins & polyolefins assets and the associated business in Europe. The sites to be sold have been part of the previously announced European strategic assessment [...]
June 5, 2025 (Korea Bizwire) Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), today announced that the exchange ratio for the dividend for the year 2024 is 1 new common share for every 23.6353 existing common shares. This ratio was based on the volume weighted average price on Euronext Amsterdam of May 30, June 2, [...]
SEOUL, June 5 (Korea Bizwire) — Naver Corp. Chief Executive Officer (CEO) Choi Soo-yeon met with top executives at Netflix in Los Angeles this week to discuss their ongoing membership partnership and explore further collaborations, the South Korean tech giant said Thursday. According to Naver, Choi visited Netflix’s Los Angeles office Tuesday (local time), where [...]
SEOUL, June 5 (Korea Bizwire) — LG Display Co., a global leader in display panel manufacturing, said Thursday it will invest 700 billion won (US$515 million) in its domestic organic light-emitting diode (OLED) production facilities. In September, LG Display sold its entire 80 percent stake in its large-size display panel and module plant in China’s [...]
SEOUL, June 5 (Korea Bizwire) — K-pop boy group Seventeen has appeared on U.S. NBC’s “The Kelly Clarkson Show,” performing “Thunder,” the lead track from its fifth full-length album “Happy Burstday,” according to the group’s agency, Pledis Entertainment. The performance, which aired Wednesday (U.S. time), featured synchronized choreography, dramatic lighting and props — including one [...]