[Exclusive] On the day the Saudi Crown Prince arrives, S-Oil makes an 8-trillion-won "big bet." S-Oil is pursuing the "Shaheen Project" (shaheen, Arabic for falcon), an ultra-large petrochemical project investing more than 8 trillion won in Ulsan. On the 17th it plans to hold a board meeting at its Gongdeok-dong headquarters in Seoul to make the final investment decision (FID) on the Shaheen Project. S-Oil projected that, with this investment, the share of the petrochemical division in revenue would rise 8 percentage points, from 17% last year to 25% in 2030.
Biden and Xi Jinping say "compete but avoid conflict." The US-China summit ran for about three hours, discussing Taiwan, Ukraine, the North Korean nuclear issue, and more. US Secretary of State Blinken decided to visit China. The Cargo Truckers Solidarity, demanding an "extension of the Safe Trucking Freight Rates System," again pulled out the strike card, giving notice of an indefinite general strike from the 24th, five months after the last strike. The previous strike caused industry damage of over 2 trillion won. They are considering refusing transport and blocking factory production and product shipments.
With 50 days left until the abolition of the safe freight rates, the intensity may grow stronger. [Exclusive] "A second heyday thanks to my wife"... Korea's 5th-richest person in a 5-trillion-won divorce suit. Kwon Hyuk-bin, founder of Smilegate Group and Chief Vision Officer (CVO, 48), rose into the ranks of Korea's leading game companies as the first-person shooter (FPS) CrossFire launched in 2006 and the massively multiplayer online role-playing game (MMORPG) Lost Ark released in 2019 became hits one after another.
CVO Kwon is famous as a "reclusive executive." He takes no outside investment and treats the listing of affiliates as taboo. CVO Kwon himself holds the entire stake in the holding company. All affiliates, including the holding company, are unlisted. A divorce suit making the front page, of all things...
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-Saramin Gig, Remember Research, TalentBank, Kmong