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Saudi Arabia's Space Agency has partnered with Korea's Aerospace Administration through a memorandum of understanding to enhance cooperation in space exploration and technology. This collaboration aims to support Saudi Arabia's Vision 2030, focusing on deep space technologies, satellite launches, and knowledge-sharing to boost the space economy and international ties.
Saudi Arabia's Space Agency has partnered with Korea's Aerospace Administration through a memorandum of understanding to enhance cooperation in space exploration and technology. This agreement aims to support Saudi Arabia's Vision 2030, focusing on deep space technologies, satellite launches, and fostering innovation within the growing commercial space sector. The collaboration is set to strengthen international ties and elevate the global standing of both nations in the space economy.
Samsung Electronics has announced record spending for 2024, allocating approximately 35 trillion won (US$24.1 billion) for research and development, a 23.5% increase from the previous year. Facility investments also reached a high of 53.6 trillion won (US$36.9 billion), despite a challenging global market. The company reported annual revenue of 300.87 trillion won (US$207.3 billion), with net profit soaring 122.5% to 34.45 trillion won (US$23.7 billion).
Samsung Electronics has announced record spending for 2024, allocating approximately 35 trillion won (US$24.1 billion) for research and development, a 23.5% increase from the previous year. Facility investments also reached a high of 53.6 trillion won (US$36.9 billion), despite a challenging global market. The company's annual revenue rose to 300.87 trillion won (US$207.3 billion), with net profit increasing by 122.5% to 34.45 trillion won (US$23.7 billion).
The Saudi Space Agency has signed a memorandum of understanding with the Korean Aerospace Administration to enhance cooperation in the space sector, aligning with Saudi Arabia's Vision 2030 goals. This partnership aims to advance deep space technologies, satellite launches, and space sciences, while fostering investment and collaboration between Saudi and Korean professionals. The agreement reflects the Kingdom's commitment to international cooperation and the growth of its burgeoning commercial space sector, which includes over 250 private companies.
Samsung Electronics led South Korea in average salaries for outside directors in 2024, offering 183.3 million won (US$126,308) per director, despite a 9.8% decrease from 2023. Among 247 analyzed firms, 29 companies paid over 100 million won, primarily from major conglomerates like Samsung, SK, Hyundai Motor, and LG.
Samsung Electronics led South Korea in average salaries for outside directors in 2024, offering 183.3 million won (US$126,308) per director, despite a 9.8% decrease from 2023. Among 247 analyzed firms, 29 paid over 100 million won, primarily from major conglomerates like Samsung, SK, Hyundai Motor, and LG.
South Korean chipmakers are facing uncertainty as Donald Trump criticizes the CHIPS Act, which allocated $39 billion in grants to boost domestic semiconductor production. He labeled the act a “tremendous waste of money” and accused South Korea and Taiwan of undermining the US chip industry. Companies like Samsung Electronics, currently building a facility in the US, are concerned about the potential revocation of promised subsidies.
Thailand's payment landscape remains cash-dependent, hindered by the dominance of six major banks controlling 82% of the market. Despite significant investments in digitalization, these banks may stifle fintech innovation, making it challenging for startups to compete. Analysts express skepticism about the impact of upcoming virtual bank licenses on the entrenched system.
Consolidated Planning Corp increased its stake in Costco Wholesale by 33.4%, now holding 7,488 shares valued at $6.6 million. Institutional investors own 68.48% of the stock, which has seen price targets raised by several analysts, with JPMorgan forecasting a potential upside of 10.96%. Costco's recent earnings report showed a revenue of $63.72 billion, slightly above estimates, despite an EPS miss.
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Saudi Arabia and Korea sign agreement to enhance space exploration collaboration
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Saudi Arabia and Korea partner to advance space exploration and technology
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