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KT CEO Ku Hyeon-mo speaks during a New Year's greeting event held at the company's office in Songpa District, southern Seoul, on Jan. 2. [KT] KT decided to reopen the candidacy for its CEO post in a board meeting Thursday, restarting the candidate review process from scratch. This is the second time that the candidate selection process for the top post has restarted. The latest announcement came after the National Pension Service (NPS), the largest shareholder of KT, voiced opposition to the telecom company’s decision to select incumbent CEO Ku Hyeon-mo as the final and only candidate for the post in December. “The board of directors decided to restart the process for CEO appointment through an open competition,” said KT in a release Thursday. Ku is expected to contend with other competitors. The application window will be open from Friday to Feb. 20. Internal directors of the company will not take part in the candidate review, and information regarding the screening … [Read more...] about KT reopens its CEO candidacy. Again.

"Good Luck Fish," lifestyle brand 2nd universe's updated version of the dried pollack tied with silk yarn tradition [2ND UNIVERSE] The city of Seoul has a fantastic collision of old and new. In between its modern buildings, the city boasts beautiful ancient palaces and traditional houses that harmonize with nature. Trendy buildings these days seem to be bringing that power of Seoul’s contrasting beauty into their designs as many of them have fused the modern with the traditional, like the renovated hanok (traditional Korean building) cafes in Samcheong-dong, or newer buildings that feature traditional Korean designs. Whatever the method may be, the vibe is still very natural, boosting the understated charm that represents Korea's capital city. Branching off of these efforts, many brands are taking on the challenge of mixing and matching traditional Korean elements while still staying up-to-date on trends. The following is a selection by the Korea JoongAng Daily of local … [Read more...] about Korean design jumps on the K-history bandwagon with traditional motifs

A sunset observatory design concept for Nodeul Island provided by the Seoul Metropolitan Government. [SEOUL METROPOLITAN GOVERNMENT] Seoul city government said it will significantly lift regulatory restrictions, including the floor area ratio and the building-to-land ratio, for creatively designed buildings that become major landmarks. The city will first apply the regulatory changes to transform Nodeul Island in the middle of the Han River. Seoul Metropolitan Government on Thursday announced a plan in turn the nation’s capital into a city of innovative architectural design. Seoul said it will benchmark the innovative designs incorporated into the Dutch city of Rotterdam, which attracts 10 million tourists and generates around 800 billion won (over $630 million) a year through tourism , as well as Guggenheim Museum Bilbao, which attracts 1.3 million tourists and makes 100 billion won a year. seoul Mayor Oh Se-hoon during a press briefing in Seoul on Thursday … [Read more...] about Seoul to ease regulations to promote creative design

Former Star Mobility chairman Kim Bong-hyun at court in November 2022. Kim Bong-hyun, the former chairman of Star Mobility at the center of a massive financial fraud, was sentenced to 30 years in prison by a Seoul court Thursday for embezzlement. The Seoul Southern District Court ruled that Kim had violated the Act on the Aggravated Punishment of Specific Economic Crimes by embezzling over 125.8 billion won ($99 million). It also fined him 76.93 billion won. The court said it determined that "severe punishment is necessary because Kim tried to evade his criminal responsibility by running away before the sentencing" and also based on the severity and degree of damages incurred by the economic crime. The sentencing comes around two years and nine months after he was first indicted in May 2020. Kim is a suspect in a financial fraud scandal surrounding Lime Asset Management which resulted in total damages amounting to nearly 1.7 trillion won in 2019. Investors suffered major … [Read more...] about Former Star Mobility chair gets 30 years for embezzlement

Does anyone give a worse speech than President Joe Biden? That alone should make us hope he doesn’t run again. His State of the Union speech was awful! But that was not unexpected. There were of course, the polite platitudes: “Mr. Speaker, I look forward to working together.” Ha! Can he really be looking forward to working with Speaker Kevin McCarthy! Not likely, but that’s just the obligatory politeness — and gives the audience a chance to get used to the sound of his voice. (RELATED: BASTASCH: You Might Have Missed This, But Biden Just Made A Stunning Admission About His Energy Agenda) Some of what he said was just ordinary political jaywalking: “Two years ago, COVID had shut down our businesses, closed our schools, and robbed us of so much.” Well, not exactly. COVID didn’t shut our businesses: people did—people in government, people we call politicians. And then some brave politicians looked at the facts and reopened their states, e.g., Governor Ron DeSantis. But then … [Read more...] about DANIEL OLIVER: The Simply Terrible, Unimaginably Awful Biden Speech To The Nation

Share to Twitter Share to Linkedin Have you seen the “green comet” yet ? If not, you had better get your skates on because this weekend presents the last good opportunity to easily see comet C/2022 E3 (ZTF) in a dark moonless sky from the northern hemisphere (though do use binoculars and don’t look directly at it !). After all, comet C/2022 E3 (ZTF) won’t be back for about 55,000 years. It’s what's called a long-period comet. It comes from a distant region around the edge of the solar system called the Oort cloud, where it hangs out with billions of other relics left over from the formation of our solar system. If you’re struggling to remember the name of the “green comet,” you’re not alone. Comets are cataloged when they're first spotted, typically taking the name of the telescope or observatory they were spotted with. However, there is one comet that's extremely well-known—and for which 2023 is a significant year. Halley’s comet … [Read more...] about Halley’s Comet: Why 2023 Is A Big Year For The Only Naked Eye Comet That Can Appear Twice In One Human Lifetime

Agencies Istanbul, Turkey   ● Thu, February 9, 2023 2023-02-09 13:31 0 d5259e4d93052b0e76bee70b050e2342 2 Middle East and Africa Turkey,Syria,earthquake,disaster,Recep-Tayyip-Erdogan,election Free The death toll from a huge earthquake that hit Turkey and Syria climbed to more than 16,000 on Thursday, as rescuers raced to reach survivors stuck under rubble in freezing weather. Officials and medics said 12,873 people had died in Turkey and 3,162 in Syria from Monday's 7.8-magnitude tremor, bringing the confirmed total to 16,035. Turkish President Tayyip Erdogan, who contests an election in May , said on a visit to the disaster zone on Wednesday that operations were now working normally and promised no one would be left homeless. Across a swathe of southern Turkey, people sought temporary shelter and food in freezing winter weather, and waited in anguish by piles of rubble where family and friends might still lie buried. The confirmed death toll … [Read more...] about Death toll rises to over 16,000 in Turkey, Syria quake