SEOUL

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.

MVL Successfully Completes RWA Tokenization Pilot Project, Paving the Way for E-Vehicles Assetization with NFTs

Retrieved on: 
Wednesday, April 3, 2024

MVL's vehicle RWA NFTs incorporate vehicle assets and rental revenue, providing investors with profits upon maturity.

Key Points: 
  • MVL's vehicle RWA NFTs incorporate vehicle assets and rental revenue, providing investors with profits upon maturity.
  • In 2021, MVL launched the Vehicle RWA NFT, initially integrating it with their ONiON vehicles as a part of trials to prove the feasibility of the model.
  • As of now, MVL has successfully finalized the setup of the entire infrastructure, marking a significant milestone in their endeavors.
  • Having achieved the success of the pilot project, MVL is gearing up to bring the mass adoption of E-Vehicle RWA Tokenization into the world.

Fashion Hong Kong 2024 pop-up store in Paris draws strong response

Retrieved on: 
Tuesday, March 26, 2024

11 emerging designer brands showcasing sustainability, art and culture and craft design

Key Points: 
  • 11 emerging designer brands showcasing sustainability, art and culture and craft design
    HONG KONG, Mar 26, 2024 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) launched a series of Fashion Hong Kong 2024 campaigns this month, introducing the global fashion industry to the unique charm of Hong Kong's designer brands.
  • Fashion Hong Kong has joined renowned events such as international fashion weeks since 2015 to showcase Hong Kong's unique and diverse designers.
  • In parallel with the Paris pop-up store, Fashion Hong Kong will also hold promotional campaigns in Thailand and Shanghai, and will continue to promote Hong Kong brands, supporting their expansion into markets in Mainland China and overseas.
  • The Paris pop-up store featured 11 Hong Kong designer brands and brought a series of personalised designs focusing on sustainable fashion, art, culture and craftsmanship to global fashion capital Paris.

WizMediBio Signs Contract with the Wisconsin Alumni Research Foundation (WARF) for Botulinum Toxin Strain

Retrieved on: 
Tuesday, April 9, 2024

The A1 botulinum toxin currently dominates the market and as a novel subtype, A6 presents itself as a challenger.

Key Points: 
  • The A1 botulinum toxin currently dominates the market and as a novel subtype, A6 presents itself as a challenger.
  • Therefore, the future course of the A6 strain as a BOTULINUM TOXIN provides a new opportunity in the botulinum field.
  • The company aims to capture the botulinum toxin market based on maximized utilization of its distribution network and experience.
  • "We will enhance the global market, especially the U.S., with novel botulinum toxin products," said Choi Yong-hoon, the CEO of WizMedi Bio.

Lotus Technology Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, April 8, 2024

In its first year of BEV delivery, the Company achieved a revenue of $679 million and a gross profit margin of 15% in 2023.

Key Points: 
  • In its first year of BEV delivery, the Company achieved a revenue of $679 million and a gross profit margin of 15% in 2023.
  • Revenue in the fourth quarter of 2023 was $361 million, representing a 92% quarter-on-quarter increase.
  • The Company delivered 6,970 vehicles in 2023, an annual record in the 76-year history of the Lotus brand, with BEV models representing 63% of total deliveries.
  • Vehicle deliveries in the fourth quarter of 2023 increased nearly 110% quarter-over-quarter to 3,749.

Captivision Showcases Entertainment Partners for Framework in the Desert Event

Retrieved on: 
Monday, April 8, 2024

Captivision will deliver a unique media glass installation over three nights from Friday, April 12 through Sunday, April 14.

Key Points: 
  • Captivision will deliver a unique media glass installation over three nights from Friday, April 12 through Sunday, April 14.
  • This collaboration marks the inception of a new area of strategic focus for Captivision dedicated to pushing boundaries and redefining the live entertainment experience.
  • The Captivision installation will play digital content from the entertainment partners and Framework including art, trailers, and advertisements throughout the Framework in the Desert event at the Atlantic Aviation airport hangar in Thermal, California.
  • “We are excited to join forces with Framework and our entertainment partners to energize the Framework in the Desert audience,” said Gary Garrabrant, Captivision Chairman & CEO.

Golden State Wealth Management proudly welcomes Kathleen Stephens, Founder of Solaris Wealth Management, to its team

Retrieved on: 
Thursday, April 4, 2024

SOUTH COAST METRO, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Golden State Wealth Management (“Golden State”) announced today the addition of Kathleen Stephens, who operates under the DBA, Solaris Wealth Management (“Solaris Wealth”) located in Poway, California.

Key Points: 
  • SOUTH COAST METRO, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Golden State Wealth Management (“Golden State”) announced today the addition of Kathleen Stephens, who operates under the DBA, Solaris Wealth Management (“Solaris Wealth”) located in Poway, California.
  • She boasts a rich background shaped by her family's immigration journey from Seoul, Korea to Hawaii in the 1970s.
  • Because her parents did not speak any English, Kathleen was responsible for the family finances at an early age.
  • We couldn't be more delighted to have Kathleen as a part of our team," says Daniel R. Catone, Founder and CEO of Golden State Wealth Management.

NEXEN Tire expands its original equipment portfolio line for premium quality N’FERA SPORT tires

Retrieved on: 
Tuesday, April 2, 2024

SEOUL, South Korea, April 02, 2024 (GLOBE NEWSWIRE) -- NEXEN Tire, a leading global tire manufacturer, announced its OEM approval for the latest model of the 11th generation of the Mercedes-Benz E-Class, which is provided for use on vehicles sold worldwide.

Key Points: 
  • The N'FERA SPORT is a European premium sports tire manufactured at NEXEN Tire’s European plant.
  • It provides excellent drainage performance with a 3+1 wide groove and an asymmetric pattern suitable for high-speed driving, demonstrating excellent performance on wet and dry roads.
  • It also took the main prize in the product design category of the "Red Dot Design Awards" in Germany.
  • NEXEN Tire is supplying its N'FERA SPORT tires in size 225/55 R18 102Y XL.

DoubleDown Interactive Announces Results of 2024 Annual General Meeting

Retrieved on: 
Friday, March 29, 2024

SEATTLE, March 29, 2024 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading developer and publisher of digital games on mobile and web-based platforms, announced today that at its annual general meeting of shareholders held on March 29, 2024 at 11:00 a.m., Korea Standard Time (March 28, 2024 at 10:00 p.m., U.S. Eastern Time) in Seoul, Korea, the following actions were taken by the shareholders of record as of December 29, 2023 on the proposed resolutions:

Key Points: 
  • SEATTLE, March 29, 2024 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading developer and publisher of digital games on mobile and web-based platforms, announced today that at its annual general meeting of shareholders held on March 29, 2024 at 11:00 a.m., Korea Standard Time (March 28, 2024 at 10:00 p.m., U.S. Eastern Time) in Seoul, Korea, the following actions were taken by the shareholders of record as of December 29, 2023 on the proposed resolutions:
    Approval of the 16th financial statements for the fiscal year ended December 31, 2023;
    Approval of the aggregate remuneration limit of KRW5,000,000,000 for independent directors and executive officers for the fiscal year ending December 31, 2024; and
    Approval of the amendment to the Regulations on Executive Retirement Payment.

Bombardier’s Industry-Leading Global 7500 Aircraft Actively Touring Asia, Showcasing its Unrivalled Performance and Design Attributes

Retrieved on: 
Wednesday, March 27, 2024

Simply put, the Global 7500 is the most luxurious, reliable and productive business jet in the skies today.

Key Points: 
  • Simply put, the Global 7500 is the most luxurious, reliable and productive business jet in the skies today.
  • With a top speed of Mach 0.925 and an industry leading range of 7,700 nautical miles (14,260 km), the Global 7500 aircraft features outstanding performance capabilities.
  • The incredible attributes of the Global 7500 aircraft will be enhanced even more with the introduction of the Global 8000 (2) aircraft, announced in 2022.
  • For customers interested in exploring the Global 7500 during its tour of Hong Kong, Beijing and Seoul, visits are available by appointment.