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Private equity firms (PEFs) opted to invest huge sums of money into low-cost carrier (LCC) businesses amid the worst hardships stemming from the pandemic. Now that international travel numbers are again soaring, the PEFs are eyeing a successful exit from their LCC stakes in the coming years. ....
Korea should diversify its export destinations for more sustainable economic growth, Trade Minister Ahn Duk-geun said Monday, adding that the country is heavily dependent on exports at a time when large economic regions such as the United States, China and Europe are using on-shoring strategies to add value their own economies. ....
The year 2023 marks the 70th anniversary of the U.S.-Korea Alliance, which has been a linchpin to defend the freedom, security, stability and prosperity in the region. The U.S. and Korea have shared a long history of cooperation based on mutual trust, shared values of democracy, common strategic interests and an enduring friendship. We have come a long way, not just in terms of the economic partnership but also in the steadfast military alliance and people-to-people exchange. ....
Fourteen nations, including Australia, Japan and the United States, expressed support for Canada's bid to join the Indo-Pacific Economic Framework as they concluded on Dec. 15 the first round of in-person negotiations under the U.S.-led initiative for setting trade rules and standards in response to China's growing clout in the region, delegates said. ....