DP

South Korean President Yoon faces foreign policy challenges after the National Assembly election

Retrieved on: 
Friday, April 19, 2024

South Korea’s parliamentary election of April 10, 2024, was widely seen as a referendum on President Yoon Suk Yeol’s first two years in office.

Key Points: 
  • South Korea’s parliamentary election of April 10, 2024, was widely seen as a referendum on President Yoon Suk Yeol’s first two years in office.
  • With a relatively high turnout of 67%, voters handed Yoon’s conservative People’s Power Party defeat, with its share of the 300-seat National Assembly dropping from 114 to 108.

Growing domestic pressure

  • Subsequently, Yoon’s government has seen key parts of its agenda for education, labor and pension reforms blocked.
  • But the election saw the DP and other opposition parties amass 192 seats, just short of a veto-proof, two-thirds majority.
  • Though Yoon retains veto power, there is now growing uncertainty over whether ruling PPP assembly members will continue defending the president’s actions if and when the two probes move forward.

A trickier foreign policy climate

  • Under South Korea’s political system, the presidency has greater leeway in national security and foreign affairs than in domestic policy.
  • As such, the Yoon government will likely continue its foreign policy of expanding trilateral partnerships with the U.S. and Japan, building ties with NATO and striving to be a “global pivotal” state in the Asia-Pacific region.
  • The opposition might not directly stop Yoon from pursuing his foreign policy, but they are likely to pressure the president to pay attention to domestic political issues.
  • If the Yoon government cannot demonstrate diplomatic successes, opposition parties are likely to frame his foreign policy as one-sided “subservient diplomacy.” Yoon has three years to show that his foreign policy has paid dividends; South Korea’s next presidential election is in the spring of 2027.


Jong Eun Lee does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Phio Pharmaceuticals Reports 2023 Year End Financial Results and Provides Business Update

Retrieved on: 
Tuesday, April 2, 2024

MARLBOROUGH, Mass., April 02, 2024 (GLOBE NEWSWIRE) -- Phio Pharmaceuticals Corp. (Nasdaq: PHIO), a clinical stage biotechnology company whose proprietary INTASYL™ RNAi platform technology is designed to make immune cells more effective in killing tumor cells, today reported its financial results for the year ended December 31, 2023 and provided a business update.

Key Points: 
  • The latter clearance was significant since there are no drugs specifically approved to treat early stages I and II of cSCC.
  • As of February, the first two patients in our first cohort have completed treatment with PH-762 with no reported adverse events.
  • In 2023 we implemented a cost rationalization program driven by our transition from discovery research to product development.
  • At December 31, 2023 we had cash of $8.5 million as compared with $11.8 million at December 31, 2022.

DP World Appoints Francia Paramo as Regional Freight Forwarding Branch Manager for Mexico

Retrieved on: 
Tuesday, April 2, 2024

CHARLOTTE, NORTH CAROLINA, April 02, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in supply chain solutions, has named Francia Paramo as Regional Freight Forwarding Branch Manager for Mexico.

Key Points: 
  • CHARLOTTE, NORTH CAROLINA, April 02, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in supply chain solutions, has named Francia Paramo as Regional Freight Forwarding Branch Manager for Mexico.
  • This strategic appointment accelerates the expansion of DP World’s presence in the Mexican market as it continues to enhance and expand its logistics and freight forwarding operations across the Americas .
  • In her new role, Paramo will be responsible for steering DP World’s freight forwarding operations across Mexico, aiming to drive sales results, enhance operational productivity and efficiency, oversee product development initiatives, and lead procurement efforts at the country level.
  • We are confident that her strategic insights and innovative approach will significantly contribute to our growth and success in Mexico.”
    Francia Paramo, Regional Freight Forwarding Branch Manager for Mexico, said: “I am eager to join DP World and to contribute to the growth of a region with such significant potential.

DP World Names Tim Gates as Vice President of Freight Forwarding for USA and Mexico

Retrieved on: 
Wednesday, March 27, 2024

CHARLOTTE, NORTH CAROLINA, March 27, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in supply chain solutions, announces the appointment of Tim Gates as Vice President of Freight Forwarding for USA and Mexico.

Key Points: 
  • CHARLOTTE, NORTH CAROLINA, March 27, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in supply chain solutions, announces the appointment of Tim Gates as Vice President of Freight Forwarding for USA and Mexico.
  • Gates is filling the newly created role as DP World accelerates its recently announced global expansion of its freight forwarding operations.
  • Glen Clark, CEO of DP World US/Mexico, said: “Tim's appointment marks a significant step forward for our freight forwarding operations in the USA and Mexico.
  • We are thrilled to have him on board.”
    Tim Gates, VP of Freight Forwarding US/Mexico, said: “I am honored to join DP World and lead the freight forwarding division for the USA and Mexico.

Rumo and DP World Announce Agreement to Develop a New Grain and Fertilizer Terminal at Brazil’s Port of Santos

Retrieved on: 
Tuesday, March 26, 2024

SANTOS, BRAZIL, March 26, 2024 (GLOBE NEWSWIRE) -- Rumo, Brazil’s leading railway operator, and DP World , a global leader in supply chain solutions, have signed an agreement to build a new port terminal for grains and fertilizers at the Port of Santos, Brazil.

Key Points: 
  • SANTOS, BRAZIL, March 26, 2024 (GLOBE NEWSWIRE) -- Rumo, Brazil’s leading railway operator, and DP World , a global leader in supply chain solutions, have signed an agreement to build a new port terminal for grains and fertilizers at the Port of Santos, Brazil.
  • The project will be installed in DP World's private-use terminal on the port’s left bank.
  • The agreement provides for an initial operating period of 30 years, with an option for extension subject to DP World approval.
  • DP World will oversee the ensuing port operations, including cargo movement, solidifying its position as Brazil’s premier multipurpose port operator.

THE CONJURING producer tapped to run the world's first studio dedicated exclusively to AI generated production

Retrieved on: 
Tuesday, April 9, 2024

LOS ANGELES, April 9, 2024 /PRNewswire/ -- Fresh off it recent two-project deal with Cinveverse, Atrium Separate IP Holdings, a film and television production company with deep roots in proprietary patented DLT, AI and advertising technology, today announced the creations of Atrium AI Studios.

Key Points: 
  • Generative AI for film and television production is not just the future, it is here and now."
  • - CONJURING Producer Tony DeRosa-Grund
    Atrium has tapped THE CONJURING producer Tony DeRosa-Grund to lead the new studio.
  • Atrium previously worked with DeRosa-Grund as a work for hire writer and producer on its projects with streamer Cineverse.
  • Atrium AI Studios also announced its initial production, entitled DECLASSIFIED written by DeRosa-Grund under his work-for-hire deal with Atrium Holdings.

DP World Announces New Investment of $50 Million for Expansion of Container Operations at Brazil’s Port of Santos

Retrieved on: 
Thursday, March 21, 2024

SANTOS, BRAZIL, March 21, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in supply chain solutions, announces a new investment of USD$50 million (approximately R$250 million) in the acquisition of new port equipment for its terminal located on the left bank of the Port of Santos, Brazil.

Key Points: 
  • SANTOS, BRAZIL, March 21, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in supply chain solutions, announces a new investment of USD$50 million (approximately R$250 million) in the acquisition of new port equipment for its terminal located on the left bank of the Port of Santos, Brazil.
  • The investment is the latest phase of a USD$85 million (R$425 million) terminal expansion project, which also includes the USD$35 million (R$175 million) extension of the dock by an additional 190 meters announced in 2023 .
  • The new equipment also allows the terminal to expand capacity to 1.7 million TEUs, boosting DP World’s ability to support Brazil’s strong economic growth.
  • Fabio Siccherino, CEO of DP World in Brazil, said, “The investments by DP World in Brazil aim to meet robust growth in Brazil’s container market in the post-pandemic era, as well as to maintain Santos’ role as a Hub Port for South America.

DP World Boosts Freight Forwarding Network with Americas Expansion

Retrieved on: 
Wednesday, March 13, 2024

Charlotte, North Carolina, March 13, 2024 (GLOBE NEWSWIRE) -- DP World, a global leader in supply chain solutions, announces that it is expanding its freight forwarding operations across the Americas as part of its global strategy to build a comprehensive end-to-end supply chain network.

Key Points: 
  • Charlotte, North Carolina, March 13, 2024 (GLOBE NEWSWIRE) -- DP World, a global leader in supply chain solutions, announces that it is expanding its freight forwarding operations across the Americas as part of its global strategy to build a comprehensive end-to-end supply chain network.
  • Within the last eight months, DP World has opened 100 new freight forwarding offices across six continents, including 15 new offices strategically positioned across the Americas.
  • Expanding its freight forwarding offerings will enable DP World to deploy its “toolbox” of owned global assets made up of ports, terminals, warehouses, trucks, rail, and shipping services to help enhance visibility, control, resilience, and efficiency across the industry.
  • Terry Donohoe, Senior Vice President of Freight Forwarding at DP World Americas, highlights the strategic intent behind the expansion: “Our growth across the Americas underscores DP World's dedication to our customers and the critical role the Americas play in our global strategy.

Jordan Weber (-9) Wins NEXT Golf Tour Season Finale, Tops Order of Merit

Retrieved on: 
Wednesday, March 20, 2024

It was Weber’s second win of the seven-event season, pushing his total earnings to $90,319, including a $15,000 bonus for topping the Order of Merit.

Key Points: 
  • It was Weber’s second win of the seven-event season, pushing his total earnings to $90,319, including a $15,000 bonus for topping the Order of Merit.
  • As the NEXT Golf Tour champion, Weber will also receive three Challenge Tour exemptions and a start on the DP World Tour this summer.
  • The top 100 players on the Order of Merit through Round 6 qualified for the Season Finale.
  • Season 2 of the NEXT Golf Tour included 1,545 players from 55 countries who earned $1,269,800 overall.

DP World Launches Global Freight Forwarding Network

Retrieved on: 
Tuesday, March 12, 2024

DP World now operates 100 branches, launched in the last eight months in a bold move that has expanded its global freight forwarding offer, with significantly more branches to come

Key Points: 
  • DP World now operates 100 branches, launched in the last eight months in a bold move that has expanded its global freight forwarding offer, with significantly more branches to come
    DUBAI, UAE, March 12, 2024 /PRNewswire/ -- DP World has inaugurated the latest in a string of more than 100 freight forwarding offices across the world, marking a significant expansion aimed at supporting customers navigating the complexities of global trade.
  • Beat Simon, Group Chief Commercial Officer, Logistics at DP World, said: "Our expansion in freight forwarding complements our end-to-end supply chain solutions and capabilities.
  • "As we continue to grow our freight forwarding footprint, we are building a network that will cover more than 90% of global trade.
  • Marco Nazzari, VP Commercial Freight Forwarding at DP World said: "Our freight forwarding service uses our proprietary digital technology solutions to simplify global trade for our customers and give them more control.