Seoul, April 7 (IANS) LG Energy Solution Ltd, South Korea’s leading battery maker, on Tuesday estimated it posted an operating loss in the first quarter, apparently due to the fallout from the US-Iran war.Operating loss came to 207.8 billion won (US$138.2 million) in the January-March period, shifting from a profit of 374.7 billion won a year earlier, the company said in a regulatory filing.Sales decreased 2.5 percent to 6.55 trillion won. Data for net earnings was unavailable, reports Yonhap ne…
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New Delhi, March 27 (IANS) India’s security agencies have flagged the increasing number of entry points through which fake currency is being circulated in the market. At first fake currency was being pushed into Nepal from Pakistan before making its entry into India. However, with the Indian agencies stepping up vigilance at the Nepal border, the focus shifted to Malda in West Bengal. The National Investigation Agency (NIA), which is probing a majority of these cases, found that Malda had soph…
Singapore, March 2 (IANS) South Korean President Lee Jae Myung is set to hold summit talks with Singaporean Prime Minister Lawrence Wong on Monday, with the two leaders expected to discuss ways to expand cooperation in artificial intelligence (AI), nuclear energy and other areas. The meeting will mark the second summit between Lee and Wong in four months, following their previous talks during Wong’s visit to South Korea for the Asia-Pacific Economic Cooperation (APEC) summit, where the two count…
Hyderabad, Feb 25 (IANS) Telangana Chief Minister A. Revanth Reddy has emphasised that constructive plans should be envisaged to invite investments from the leading global companies and promote Telangana as a manufacturing hub. Adobe CEO Shantanu Narayen paid a courtesy call on the Chief Minister at the latter’s residence here on WednesdayShantanu Narayen, who is also a member of Telangana Rising-2047 Vision Board, and the Chief Minister discussed the steps to be taken by the state government on…
Seoul, Feb 20 (IANS) Science Minister Bae Kyung-hoon on Friday co-chaired the Global Partnership on Artificial Intelligence (GPAI) council meeting with Singapore in New Delhi, discussing global strategies to promote human-centric artificial intelligence (AI), the science ministry said.The GPAI is a partnership of 44 countries, including members of the Organization for Economic Cooperation and Development (OECD), promoting the development and use of AI under the OECD AI Principles. South Korea an…
Washington, Feb 6 (IANS) Artificial intelligence has emerged as a priority risk for the US financial system, with Treasury Secretary Scott Bessent telling Congress that regulators are stepping up oversight of how AI is used across markets and institutions.Testifying before the Senate Banking Committee, Bessent said AI is one of four focus areas in the Financial Stability Oversight Council’s 2025 annual report. “The council is prioritizing the responsible use of artificial intelligence to str…
Seoul, Jan 26 (IANS) Seoul will construct two new nuclear reactors by 2038 at the latest as planned, the climate minister said on Monday, reflecting public support for the plan amid growing demand for clean energy.Climate Minister Kim Sung-whan announced the plan in a press briefing on the envisioned 12th basic plan for electricity supply and demand, which outlines the country’s power supply plan for the 2026-2040 period, reports Yonhap news agency.The government will conduct necessary procedure…
Seoul, Jan 25 (IANS) Lee Jae-yong, chairman of Samsung Electronics Co, has urged the company’s executives not to become complacent despite a sharp rebound in earnings, stressing that the company faces a “last chance” to restore its competitiveness, industry sources said on Sunday.Lee delivered the message during a recent seminar for Samsung Group executives, following the company’s announcement of a record operating profit of 20 trillion won (US$13.8 billion) for the fourth quarter amid a semico…
Seoul, Jan 23 (IANS) South Korean President Lee Jae Myung said Friday that public support is crucial for the government’s push for balanced regional growth, as it seeks to ease excessive concentration in the Seoul metropolitan area and foster new growth engines nationwide. Lee made the remarks as his administration is striving to develop five major regional hubs — the Seoul metropolitan area, the southeast, northeast, central and western regions — along with three special self-governing provin…
Tokyo, Jan 19 (IANS) India’s Ambassador-designate to Japan, Nagma Mallick held a meeting with Japan’s Minister of Economic Security in Tokyo on Monday, discussing various facets of bilateral partnership, including Economic Security, Artificial Intelligence (AI) and cultural connect. “Ambassador-designate Nagma M Mallick called on Minister Onoda Kimi. They discussed the various facets of India-Japan partnership, including Economic Security, AI and cultural connect,” the Indian Embassy in Japan po…