Today World Business
The United States became the world’s top crude oil producer in 2017, surpassing Russia and Saudi Arabia, according to the International Energy Agency. The US produced 14.3 percent of the world’s oil, and Saudi Arabia stood in second place with 12.9 percent with Russia close behind at 12.2 percent. In terms of the volume of oil they produced in 2017, the three countries produced more oil than the next seven countries on the list combined.
Major South Korean mobile carrier KT said Sunday it has discussed business cooperation with Russia’s biggest telecom firm, Mobile TeleSystems, to boost their partnership in the fifth-generation cellular network. KT’s chief Hwang Chang-gyu met with MTS Group CEO Alexey Kornya on Friday at KT’s headquarters in downtown Seoul. MTS is the largest mobile operator in Russia, with more than 100 million subscribers in Russia and neighboring countries. KT’s chief Hwang Chang-gyu(left) shakes hands wit
In any tense military confrontation, diplomats start looking for an “off ramp” that could de-escalate tensions. But in the current standoff between the United States and Iran, it’s hard to find any such exit route. The US-Iran faceoff is one of those odd situations where both players appear eager to set off sparks, although neither seems to want a raging fire. They seem comfortable in a halfway zone of conflict, where nations use force in deniable ways across different domains, hoping they don’t
Donald Tusk’s term as president of the European Council will end Nov. 30, which is perfect timing for the Polish opposition. After the parliamentary election in late October, Poland will hold its presidential election in April 2020, and opposition voters already see Tusk as the only viable candidate.For the past year, Tusk has been dropping hints that he intends to return to Polish politics. “No one expects that after the conclusion of my term I will just be watching politics on television,” he
Junction, a Finnish nonprofit organization that has successfully organized world-leading hackathons in Europe since 2015, hopes to expand its presence in Korea.As a part of this process, the Junction Head of Global Operations Antti Hammainen will be visiting Korea and participate in EXIT Daejeon 2019, global startup event that will be held at Daejeon Convention Center from May 21 to 23. More details on the event are available at http://www.startup-exit.com. Junction Head of Global Operations Ant
All over the world, countless startups come and go. For investors, this means it has become tougher to pick the right one.According to Moaffak Ahmed, a Finnish serial entrepreneur and early-stage investor, team dynamics usually provide a good gauge in the early days of a startup. Slush board member Moaffak Ahmed“In the very early stage, when there are little or no metrics and evidence about business success, it’s really mostly about the team,” Ahmed said in an email interview with The Investor.
Major securities firms saw their operating profits rise in the January to March period this year, mainly boosted by the expansion of investment banking business, Financial Supervisory Service data showed Sunday.According to the watchdog’s electronic disclosure board, NH Investment & Securities, Mirae Asset Daewoo and Meritz Securities all saw the contribution of the IB sector to total quarterly profit surpass 30 percent. Leading the trend was Mirae Asset Daewoo, which logged 142 billion won ($11
South Korea’s fifth-largest metropolitan city is poised to host the Global Startup Festival Daejeon 2019 from Tuesday through Thursday as part of its efforts to become a global hub for startup-driven innovation. The three-day Exit Daejeon 2019 event will take place at Daejeon Convention Center. It is co-sponsored by Daejeon Metropolitan City, Herald Corp., Daejeon Center for Creative Economy & Innovation and CEO Clubs Korea.The conference is expected to host 300 participants, including SME and S
A video released by the police to refute public criticism of a female police officer’s handling of violence has proved counterproductive, as more criticism has emerged, this time citing the video.Guro Police Station on Friday disclosed a two-minute video footage showing two police officers confronting drunk men on Monday night on the street in Daerim-dong, Yeongdeungpo-gu, Seoul.(Video released by Guro Police Station)On Wednesday, a shorter version of the video uploaded online by a citizen had s
Renault Samsung Motors, the Korean unit of French automaker Renault Group, said its research and development center, Renault Technology Korea, will play a key role in the group’s vehicle design, safety tests and production technology. Located in Yongin, Gyeonggi Province, Renault Technology Korea was formerly a Samsung Motors research center established in 1997. It was renamed following Renault Group’s acquisition of the Korean carmaker in 2000. Renault Samsung Motors CEO Dominic Senora speaks