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Korea Zinc Makes Strategic Entry into Deep-Sea Mining Market Worth Quadrillions — Invests in Canadian Seabed Exploration Firm

Korea Zinc Makes Strategic Entry into Deep-Sea Mining Market Worth Quadrillions — Invests in Canadian Seabed Exploration Firm

Photo=Korea Zinc Korea Zinc has made a strategic investment in the U.S. Nasdaq-listed deep-sea mining company The Metals Company (TMC), acquiring approximately 5% of its shares for over $85 million. The deal also grants Korea Zinc the right to purchase additional shares at a discounted price if TMC’s valuation increases. This move is part of Korea Zinc’s broader effort to

Jun 17 2025
11:00 AM PDT
Seoul to Host Major K-Culture Festival at Olympic Park, Over 20,000 Fans Expected

Seoul to Host Major K-Culture Festival at Olympic Park, Over 20,000 Fans Expected

(Photo=South Korea’s Ministry of Culture) A large-scale K-culture festival bringing together global fans and content industry leaders will take place this week in Seoul. South Korea’s Ministry of Culture, Sports and Tourism, along with the Korean Foundation for International Cultural Exchange (KOFICE), announced that the inaugural “2025 MyK FESTA” will be held from June 19 to 22 at Olympic Park

Jun 16 2025
07:04 PM PDT
KAI Proposes Establishment of KT-1B Assembly Line in Indonesia

KAI Proposes Establishment of KT-1B Assembly Line in Indonesia

Photo=KAI Korea Aerospace Industries (KAI) is seeking to expand exports of its KT-1 basic trainer aircraft to Indonesia. Through a "Made in Indonesia" strategy, the company aims to contribute to the development of the country's defense industry. Following collaboration on the next-generation fighter project (IF-X), KAI is now looking to broaden cooperation by targeting Indonesia’s aerospace and defense market, which

Jun 16 2025
11:00 AM PDT
Hyundai Selects Shell as Official Engine Oil Supplier in the Philippines

Hyundai Selects Shell as Official Engine Oil Supplier in the Philippines

(Photo=Hyundai Motor Group) Hyundai Motor Group, South Korea’s largest automaker and a global leader in mobility solutions, has signed an exclusive engine oil supply agreement with Shell Philippines, introducing custom-formulated lubricants tailored for Hyundai vehicles to service centers across the country. Several industry sources reported on June 16 that Hyundai Motor Philippines signed a deal with Shell’s local affiliate to

Jun 16 2025
10:00 AM PDT
Dunamu’s 4-Year Cybersecurity Spending Hits $28M

Dunamu’s 4-Year Cybersecurity Spending Hits $28M

(Photo=UPbit) Dunamu, the South Korean fintech company behind the cryptocurrency exchange Upbit, announced on June 16 that it invested approximately $10.8 million in cybersecurity in 2024, continuing its steady commitment to strengthening information security. Since 2021, Dunamu has consistently increased its cybersecurity budget and dedicated personnel. This year’s $10.8 million allocation accounts for 9.6% of the company’s total IT investment

Jun 16 2025
09:00 AM PDT