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...The vessels, which are North Korean-flagged and classified as oil products tankers, all visited the same berth operated by a Russian oil company at Vostochny Port, where they appeared to load....
...“The problem for Cruise as a business is GM is dependent on it for all the software [revenue] targets the company has set,” said one....
...“We will provide full support, together with SK Hynix, to ensure that our companies won’t fall behind in the global chip cluster race,” South Korea’s industry minister Ahn Duk-geun told SK Hynix executives...
...GM notched $43bn in revenue in the three months to December, and posted $2.1bn in net income, beating consensus estimates on both figures....
...Lamborghini, 90 per cent whose Korea sales last year were as company vehicles, recorded a 22 per cent fall in the first quarter from a year earlier....
...The report, which Cruise commissioned from law firm Quinn Emanuel, provides new details of the company’s response to the crisis, which has dealt a major blow to its expansion ambitions and renewed concerns...
...GM said the company would be spending less on the unit in the future.Mo ElShenawy, Cruise’s president and chief technology officer, said in a memo headcount will be reduced “in operations and other areas...
...The report, which Cruise and GM commissioned from law firm Quinn Emanuel, provides new details of the company’s response to the crisis, which has dealt a major blow to its expansion ambitions and renewed...
...Troy Stangarone, senior director at the Korea Economic Institute of America, said that Korean companies, which have invested billions into the US, had already made their “long-term strategic bet” on the...
...South Korea is a large market for derivatives and structured financial products, despite frequent market meltdowns....
...In this context, some of Korea’s companies are also stepping up....
...“Korea lacks auto software engineers and Hyundai is weak in that field, so it is expanding co-operation with foreign tech companies....
...Mirroring Japan’s reforms, the Korean proposals include a new “Korea Value-Up index” to highlight companies that have improved capital efficiency, as well as tax incentives for businesses that prioritise...
...The new Korean measures include tax incentives for companies that prioritise shareholder returns and a new “Korea Value-Up Index” for those that improve corporate governance....
...boards at companies with assets of more than Won2tn....
...In total, South Korea, with a population of 52mn people, is home to 124 companies in the latest FT ranking....
...Alibaba plans to invest $1.1bn over the next three years to build a logistics network in South Korea in order to shorten delivery time, according to Korea’s state news agency....
...Cruise’s fully autonomous cars, based on GM’s Chevrolet Bolt, had become a familiar sight on San Francisco streets in recent months, particularly in the evening when the company operated a fleet of 300 vehicles...
...General Motors-owned company from the state’s roads....
...Officials also worry that South Korea is at risk of losing its historic technological edge over China in a range of areas, in part because of a campaign by Chinese companies to accumulate South Korean expertise...
...Commercial banks will also provide mid-sized companies with Won15tn of financial aid through various programmes....
...Whatever the exact trigger, shares in Korea’s four biggest K-pop management companies — Hybe, JYP Entertainment, SM Entertainment and YG Entertainment — have fallen over the past nine months in an across-the-board...
...Last week, the US government imposed sanctions on a Russian citizen and three companies allegedly involved in the transfer and testing of North Korean ballistic missiles, after the White House accused Russia...
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