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Shinhan Financial acquires Lotte Insurance for $518 mil.

Shinhan Financial Group headquarters in central Seoul / Courtesy of Shinhan Financial Group Shinhan Financial Group Inc., a major banking group, has decided to take over a midsize non-life insurer for 693 billion won ($518 million) to diversify its business portfolio, industry sources said Tuesday. Shinhan Financial’s board of directors approved the acquisition of a…

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Arms agency to accelerate development of nuclear-powered subs, AI-driven combat systems

President Lee Jae Myung, center, participates in a defense strategy meeting in Changwon, South Gyeongsang Province, May 26. Yonhap The arms procurement agency said Tuesday it will speed up the development of nuclear-powered submarines and acquisition of artificial intelligence (AI)-based combat assets, including unmanned and counter-drone systems. The Defense Acquisition Program Administration (DAPA) unveiled the…

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N. Korea opens new defense museum featuring ICBMs, other advanced weaponry

North Korean leader Kim Jong-un, center right, alongside his wife and daughter, inspect a newly built defense museum in this photo released by the Korean Central News Agency, Tuesday. Yonhap North Korea has opened a new defense museum featuring a wide range of weaponry, including its new intercontinental ballistic missiles (ICBMs), with leader Kim Jong-un…

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Trump insists energy ceasefire holds as Ukraine reports new Russian strikes | Russia-Ukraine war News

United States President Donald Trump has insisted that Russia and Ukraine have agreed to stop striking each other’s energy infrastructure, as he called on both sides to end the “ridiculous” war. Trump’s comments on Monday came even as Ukrainian President Volodymyr Zelenskyy said Russian forces had struck at least six Ukrainian energy facilities since the…

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