Washington/Seoul, May 11 (IANS) A South Korean naval destroyer will participate in a fleet review and multinational field exercise in the United States over the next two months, the Navy said Monday. The 4,400-ton ROKS Munmu the Great destroyer will leave a naval base on Jeju Island later in the day to take part in an international fleet review in New York, scheduled for July 3-8, the Navy said in a release.The warship is among some 100 other naval vessels of around 50 countries participating in…
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Seoul, Jan 26 (IANS) South Korea’s antitrust watchdog said on Monday that it has decided to block a Singapore-based private equity fund (PEF) from acquiring the country’s largest vehicle rental company, citing concerns that the deal would significantly restrict market competition.Careena Transportation Group Ltd., controlled by private equity firm Affinity Equity Partners, has been barred from buying a 63.5 percent stake in Lotte Rental Co., the Fair Trade Commission (FTC) said, noting that Affi…