SEOUL, May 9 (Korea Bizwire) — Korean Air Lines Co., South Korea’s leading air carrier, said Friday it will acquire a 10 percent stake in WestJet, Canada’s second-largest airline, in a bid to strengthen its presence in the North American market. The South Korean airline’s board approved the US$220 million deal earlier in the day, [...]
DUBAI, United Arab Emirates, May 09, 2025 (Korea Bizwire) – Bitget, the leading cryptocurrency exchange and Web3 company, has announced its strategic partnership with SWEAT, the pioneering movement economy ecosystem, lowering entry barriers for Web2 audiences while seamlessly connecting them to Web3. The alliance was unveiled at Dubai Esports Festival 2025 (DEF), where attendees experienced the future first-hand [...]
Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has entered into an agreement to divest a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Mitsui O.S.K. Lines (MOL). Construction of Fengmiao I is expected to be completed by the end of 2027 COPENHAGEN, Denmark, [...]
VICTORIA, Seychelles, May 08, 2025 (Korea Bizwire) – BitMEX, the safest crypto exchange, announced today the launch of its Market May-hem Trading Competition, allowing traders to compete for their share of a 300,000 USDT prize pool. The competition will run from 8 May 2025 at 11:00 AM (UTC) to 31 May 2025 at 11:59 PM (UTC). Users [...]
SEOUL, May 8 (Korea Bizwire) — The South Korean baseball league announced Thursday the average time of a nine-inning game has been cut by 13 minutes in 2025, the first year of the pitch clock. The Korea Baseball Organization (KBO) said through Wednesday’s action, nine-inning games had taken an average of 2:57. Last year, those [...]
SEOUL, May 8 (Korea Bizwire) — South Korea’s top military officer on Thursday called for maintaining “overwhelming” readiness against North Korean threats, hours after Pyongyang’s launch of ballistic missiles into the East Sea, the Joint Chiefs of Staff (JCS) said. JCS Chairman Adm. Kim Myung-soo made the call as he visited the Air Force’s [...]
SEOUL, May 8 (Korea Bizwire) — Netmarble Corp., a South Korean game developer, said Thursday it swung to a net profit in the first quarter on the successful launch of its new title, RF Online Next, and steady sales of its webtoon-based game Solo Leveling: ARISE. Netmarble’s net profit for the January-March period totaled 80.2 [...]
SEOUL, May 8 (Korea Bizwire) — South Korean media giant JoongAng Group and retail conglomerate Lotte Group signed an agreement Thursday to merge their respective affiliates that operate Megabox and Lotte Cinema — the country’s third- and second-largest movie theater chains. JoongAng Group announced that it signed a memorandum of understanding (MOU) with Lotte Group [...]
SEOUL, May 8 (Korea Bizwire) — Korea Zinc Co., the world’s biggest refined zinc smelter, said Thursday that it plans to cancel over 2 million of its own shares valued at 1.82 trillion won (US$1.29 billion) this year to boost share value. The retirement of the 2.04 million treasury shares represents 9.85 percent of its [...]
SEOUL, May 8 (Korea Bizwire) — Democratic Party presidential candidate Lee Jae-myung on Thursday stepped up a push to promote his pro-business and economic policies ahead of the June 3 election, capitalizing on eased legal risks following the postponement of his retrial over election law violations. Lee attended a meeting with the heads of South [...]