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Verisk’s AIR Worldwide Estimates Insured Losses for July Floods in Germany Could Approach EUR 5 Billion

Verisk’s AIR Worldwide Estimates Insured Losses for July Floods in Germany Could Approach EUR 5 Billion

BOSTON, July 28 (Korea Bizwire) — Extreme event modeling firm AIR Worldwide estimates insured losses in Germany from July flooding could approach EUR 5 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. Low pressure system “Bernd” parked itself over central Europe and brought about significant flooding from July 13 to 18. Germany’s Rhineland-Palatinate and North [...]

Germany Ramps Up Imports from S. Korea Despite Economic Downturn

Germany Ramps Up Imports from S. Korea Despite Economic Downturn

SEOUL, March 1 (Korea Bizwire) — Germany saw its imports decline last year due to the economic slump caused by the COVID-19 pandemic, but the country’s imports from South Korea turned out to have increased. The Frankfurt office of the state-run Korea Trade-Investment Promotion Agency analyzed data from 2020 released by the Federal Statistical Office [...]

S. Korea Publishes New Book on Germany’s Medical Aid in 1950-53 Korean War

S. Korea Publishes New Book on Germany’s Medical Aid in 1950-53 Korean War

SEOUL, Feb. 26 (Korea Bizwire) — The veterans affairs ministry published a new edition of its book on the history of the international medical assistance rendered to South Korea during the 1950-53 Korean War to add the long-forgotten contribution of Germany, officials said Sunday. U.N. “Sending States” had long been defined as 21 countries — [...]

Hyundai Glovis Establishes Strategic Foothold at Frankfurt Airport for Air Cargo Venture

Hyundai Glovis Establishes Strategic Foothold at Frankfurt Airport for Air Cargo Venture

SEOUL, Jan. 28 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has added air cargo to its business portfolio, establishing a strategic base of operations in Germany. The company announced on Wednesday that it recently opened a branch for a new air freight forwarding division at Frankfurt Airport. This move [...]

Civic Activists to Launch Legal Battle to Protect ‘Statue of Peace’ in Berlin

Civic Activists to Launch Legal Battle to Protect ‘Statue of Peace’ in Berlin

SEOUL/BERLIN, Oct. 12 (Korea Bizwire) — Civic activists based in Germany are planning to apply for an injunction Monday against Berlin city authorities’ removal order for a statue erected in the German capital of a girl symbolizing Korean victims of wartime sexual slavery, informed local sources said. The injunction application will be filed by Korea [...]

HDBank Issues Convertible Bonds to Strategic Partner Germany’s DEG

HDBank Issues Convertible Bonds to Strategic Partner Germany’s DEG

HO CHI MINH CITY, VIETNAM, Sept. 29 (Korea Bizwire) – The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) today announced the signing of an agreement to issue convertible bonds and enter into a strategic tie-up with DEG – DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH (“DEG”). DEG will invest in convertible [...]

Butterfly Effect Triggered by Korean Couple in Berlin to Fight Against Racism

Butterfly Effect Triggered by Korean Couple in Berlin to Fight Against Racism

SEOUL, May 28 (Korea Bizwire) — Last Friday, the front page of Süddeutsche Zeitung, Germany’s leading daily newspaper, covered the painful story of a Korean student couple. The article shed light on the racist violence that the couple suffered on the subway in Berlin on April 27. Lee Se-jin and his wife, Kim Hyun-eum, suffered [...]