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S Korean president to embark on state visits to Saudi Arabia, Qatar

S Korean president to embark on state visits to Saudi Arabia, Qatar
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Yoon set for state visits to Saudi Arabia, Qatar

South Korean President Yoon Suk Yeol will embark on state visits to Saudi Arabia and Qatar this weekend to bolster economic and future-oriented tech collaborations with the Middle East countries, amid mounting regional security concerns over the Israel-Hamas conflict. Kim Tae-hyo, first deputy director of South Korea's National Security Office, told reporters Thursday that Yoon is scheduled to visit Riyadh, the .

Lawmakers want to grill business tycoons over decision to rejoin FKI

The heads of Samsung, SK, Hyundai Motor and LG business groups are once again facing the prospect of appearing as witnesses at a National Assembly audit of the government next month, according to sources familiar with the matter, Friday.

Lotte Group chairman highest-paid biz leader in S Korea during H1

Lotte Group Chairman Shin Dong-bin was rated as the highest-paid business tycoon among South Korea's major conglomerates in the first half of 2023, data showed Friday. Shin received a total of 11.2 billion won (US$8.4 million) in paychecks over the January-June period from six affiliates, slightly up from 10.2 billion won tallied a year earlier, according to the group's regulatory filing. Of the total, he r.

More than 120 biz leaders to accompany Yoon on US state visit

President Yoon Suk Yeol will be accompanied by an entourage of more than 120 Korean business leaders during his state visit to the United States next week. The trip comes as the two countries mark the 70th anniversary of their alliance and seek to strengthen economic partnerships in advanced technologies. The two countries are also expected to sign a raft of memoranda of understanding (MOU) during the trip to deepen bilateral cooperation in various industrial fields, such as chips, batteries, electric vehicles (EV) and biotechnology.

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