Latest news with #SouthKorea-based
Yahoo
6 days ago
- Business
- Yahoo
TMC (TMC) Soars 28.8% as Key Investor Places $85-Million Bet
TMC the metals company Inc. (NASDAQ:TMC) is one of the . TMC rallied by 28.80 percent on Monday to finish at $5.59 apiece after raising $85.2 million in fresh funds from a new investor. In a statement, TMC the metals company Inc. (NASDAQ:TMC) said that it entered into a strategic agreement with South Korea-based Korea Zinc, a non-ferrous metal refining and precursor Cathode Active Material (pCAM) technology company, for the acquisition of 19.6 million common shares at a price of $4.34 apiece. Under the agreement, Korea Zinc will also have with a three-year warrant to purchase 6.9 million common shares with an exercise price per share of $7 apiece. Upon closing, Korea Zinc will become one of TMC's largest strategic shareholders with ownership of approximately 5 percent of the company's outstanding common shares. It said the transaction is expected to close on June 26, 2025. Korea Zinc is currently evaluating a bulk sample of nodule material supplied by The Metals Company USA, LLC (TMC USA) under an existing LOI, with its research and development team to validate intermediate processing and refining pathways and potential synergies through vertical integration. A tunneling machine underground, deep in the mine to extract the polymetallic nodules. Korea Zinc also expressed interest in working with TMC USA to establish processing, refining and potentially pCAM manufacturing capacity in the United States. While we acknowledge the potential of TMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Time of India
12-06-2025
- Entertainment
- Time of India
Indian YouTuber 'Pooh in Korea's video at 'Jungkook's house' slammed as BTS star becomes victim of Chinese sasaeng
The global BTS fandom, ARMY, celebrated the return of more members on June 10 and 11, marking another step closer to a full group reunion. With Jin, J-Hope, RM, V, Jimin, and Jungkook now discharged, fans eagerly await the return of SUGA, who is currently serving as a public service worker due to a past shoulder injury. He is scheduled to complete his service on June 21, 2025. However, the joy surrounding BTS' near-complete reunion was dampened when news broke that a Chinese sasaeng (obsessive fan) had attempted to enter Jungkook's home just hours after his military discharge. As ARMYs voiced their concern, many began directing their anger toward an Indian YouTuber known as 'Pooh in Korea.' Chinese stalker attempts to enter Jungkook's home On June 12, a woman in her 30s was caught attempting to break into BTS Jungkook's residence and was immediately apprehended by Seoul's Yongsan Police. According to The Korea Times, the suspect—identified as a Chinese national—was taken into custody on charges of attempted trespassing. Who is 'Pooh in Korea' and why is she being criticized? Indian content creator Poonam Naruka, known online as Pooh in Korea, is a South Korea-based YouTuber and fashion/beauty blogger. Her channel often focuses on life in Seoul and K-beauty trends, but she's recently come under fire for frequently posting content related to the residential areas of BTS members. Just five months ago, she uploaded a video titled "Moving into BTS Jungkook and J-Hope's Apartment Complex." Following backlash, she edited the caption to clarify: "For some people that didn't understand: It's not the same flat JK or J-Hope lived in (someone mentioned that JK has already sold his flat years back, I didn't know about it so sorry about that). It's the same apartment complex, which has hundreds of flats in it. Second, nothing illegal is shown here." But this wasn't the only time her content sparked concern. Other videos on her channel include: "Visited BTS Jimin and Jungkook's Home in Busan" "24-Hour BTS Challenge + I Saw Jin at BTS Festa" "Visited BTS Jimin and RM's Neighborhood" And these are just a few examples. The backlash has intensified, with many accusing her of encouraging invasive behavior and potentially revealing sensitive locations associated with the members. As news of the Jungkook stalking incident spread, many ARMYs took to social media, especially X (formerly known as Twitter) to express concern that such content may encourage sasaeng behavior, potentially giving obsessive fans clues about BTS members' whereabouts. Calls to report and take down her channel have since intensified, with fans urging greater respect for the idols' privacy. Can we do something to get rid of her??? Hybe should sue this bitch first! These people are one of the main reason why such things are happen in the first place. More about BTS The 2025 BTS FESTA, set to take place on June 13–14 at KINTEX in Goyang, South Korea, will mark the group's first official public reunion. Celebrated as a heartfelt homecoming, the event is poised to unite fans worldwide and kick off BTS' highly awaited new chapter. For all the latest K-drama, K-pop, and Hallyuwood updates, keep following our coverage here.
Yahoo
10-06-2025
- Automotive
- Yahoo
EcoPro to halt construction on $1.2B Quebec battery materials plant, citing tariffs, EV woes
EcoPro BM said it will suspend construction on its $1.2 billion battery materials plant in Bécancour, Que., in 'early June,' as U.S. tariffs and slower-than-expected electric vehicle uptake stall investment in electrification projects across North America. The company would not provide a precise date for the pause but said in a statement it has been preparing to do so for several weeks. 'Uncertainties continue to loom over the electric vehicle and battery sectors, compounded by the challenges posed by tariffs imposed by the [United States]. These factors significantly impact the company's key decision-making processes.' The South Korea-based battery materials company described the construction halt as temporary, but because of 'the current circumstances, it is premature to predict the duration of the suspension.' Read more: Live updates on tariff news and impacts Interactive map: Auto manufacturing sites in Canada, the U.S. and Mexico It is not the first construction hiatus at the plant in Bécancour, midway between Montreal and Quebec City. Work was on hold for two lengthy periods last year. The project got under way in fall 2023, with production scheduled for early 2026, under the original timeline. Ford Motor Co. was initially a joint-venture partner in the plant, but the automaker pulled out of the project last year, citing shifts in EV technology and costs. Despite Ford's exit, EcoPro said at the time it remained confident in the viability of the plant and vowed to forge ahead with construction. The delay is one in a series of setbacks to hit Canada's battery supply chain since the beginning of the year as North American EV adoption creeps forward and the global trade war initiated by U.S. President Donald Trump injects uncertainty into the highly interwoven Canadian and U.S. economies. EcoPro said it remains 'actively engaged' with automakers and battery manufacturers 'to effectively navigate this complex situation.' Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Miami Herald
09-06-2025
- Business
- Miami Herald
Chinese Satellites Capture Latest Position of North Korea's Damaged Warship
The second North Korean destroyer, which was damaged during a botched launch into the water last month, has been moved to a repair facility near the country's border with Russia. Newsweek has reached out to the North Korean Embassy in China for comment by email. While North Korea continues to enhance its nuclear and missile capabilities, leader Kim Jong Un is pushing for naval modernization as part of a broader effort to strengthen the country's conventional military power. However, an accident occurred during the launch of a 5,000-ton destroyer, which Kim described as a "criminal act" that "could not be tolerated." Following the accident, North Korea was seen deploying suspected balloons to assist in the recovery of the destroyer, according to satellite imagery. Last week, state media reported that the warship had been righted for repairs, confirming earlier satellite observations. Kim has reportedly set a deadline for its restoration ahead of a party Congress later this month. Undated imagery released on Monday by Chinese commercial satellite firm MizarVision shows the damaged North Korean destroyer inside a dry dock at the country's northeastern Rajin shipyard-near Russia's border-undergoing repairs following the May 21 accident. Citing satellite imagery captured by California-based Planet Labs, NK Pro of the South Korea-based media outlet NK News reported that the North Korean destroyer was seen being moved into the Rajin shipyard's dry dock on Sunday with assistance from support vessels. Yu Jihoon, a researcher at the Korea Institute for Defense Analyses, said the North Korean shipyard is capable of conducting "modest repairs and maintenance," CNN reported. The shipyard is located near Rason Port, NK Pro noted, where North Korea and Russia are suspected of engaging in weapons trade using cargo ships. North Korea has been supplying arms to Russia for its war against Ukraine, in exchange for military hardware from Moscow. "Restoration of the damaged warship could accordingly move faster if it involves replacing Russia-sourced electronics or weaponry damaged in the capsizing," NK Pro said. Newsweek has also reached out to the Russian Foreign Ministry for comment by email. A second undated satellite image from the Chinese commercial provider shows damage to infrastructure at North Korea's northeastern Hambuk shipyard, near the city of Chongjin, southwest of Rajin, where the destroyer partially capsized during its launch. The Korean Central News Agency reported on Friday: "After restoring the balance of the destroyer early in June, the [field restoration promotion team] moored it at the pier by safely conducting its end launching on Thursday afternoon … The next-stage elaborate restoration is to be carried out at the dry dock of the Rajin Dockyard for the period of 7-10 days." South Korea's newspaper The Dong-A Ilbo said on Monday, citing a South Korean government official: "The North Korean leader is believed to have ordered the ship's restoration to be completed before the Workers' Party plenary session later this month … Given the tight schedule, North Korea will likely need support from Russia." It remains to be seen whether North Korea will be able to complete repairs to the destroyer before Kim's deadline. It is unclear what consequences, if any, will follow if the deadline is missed. Related Articles North Korea Issues Update on Capsized Navy ShipUS Demands 'End' to Military Cooperation Between North Korea and Russia'Significant Step': New Photos Reveal North Korean Warship UpdateGlobal Arms Race Warning Issued As Nuclear Warheads Increase 2025 NEWSWEEK DIGITAL LLC.
Newsweek
09-06-2025
- Politics
- Newsweek
Chinese Satellites Capture Latest Position of North Korea's Damaged Warship
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The second North Korean destroyer, which was damaged during a botched launch into the water last month, has been moved to a repair facility near the country's border with Russia. Newsweek has reached out to the North Korean Embassy in China for comment by email. Why It Matters While North Korea continues to enhance its nuclear and missile capabilities, leader Kim Jong Un is pushing for naval modernization as part of a broader effort to strengthen the country's conventional military power. However, an accident occurred during the launch of a 5,000-ton destroyer, which Kim described as a "criminal act" that "could not be tolerated." Imagery released on June 9, 2025, by Chinese commercial satellite firm MizarVision shows a North Korean navy ship undergoing repairs inside a dry dock at the country's northeastern Rajin shipyard following a botched ship launch... Imagery released on June 9, 2025, by Chinese commercial satellite firm MizarVision shows a North Korean navy ship undergoing repairs inside a dry dock at the country's northeastern Rajin shipyard following a botched ship launch in May. More MizarVision What To Know Following the accident, North Korea was seen deploying suspected balloons to assist in the recovery of the destroyer, according to satellite imagery. Last week, state media reported that the warship had been righted for repairs, confirming earlier satellite observations. Kim has reportedly set a deadline for its restoration ahead of a party Congress later this month. Undated imagery released on Monday by Chinese commercial satellite firm MizarVision shows the damaged North Korean destroyer inside a dry dock at the country's northeastern Rajin shipyard—near Russia's border—undergoing repairs following the May 21 accident. Citing satellite imagery captured by California-based Planet Labs, NK Pro of the South Korea-based media outlet NK News reported that the North Korean destroyer was seen being moved into the Rajin shipyard's dry dock on Sunday with assistance from support vessels. Yu Jihoon, a researcher at the Korea Institute for Defense Analyses, said the North Korean shipyard is capable of conducting "modest repairs and maintenance," CNN reported. The shipyard is located near Rason Port, NK Pro noted, where North Korea and Russia are suspected of engaging in weapons trade using cargo ships. North Korea has been supplying arms to Russia for its war against Ukraine, in exchange for military hardware from Moscow. "Restoration of the damaged warship could accordingly move faster if it involves replacing Russia-sourced electronics or weaponry damaged in the capsizing," NK Pro said. Newsweek has also reached out to the Russian Foreign Ministry for comment by email. A second undated satellite image from the Chinese commercial provider shows damage to infrastructure at North Korea's northeastern Hambuk shipyard, near the city of Chongjin, southwest of Rajin, where the destroyer partially capsized during its launch. The damage to infrastructure is seen at North Korea's northeastern Hambuk shipyard in the city of Chongjin, on June 9, 2025. The damage to infrastructure is seen at North Korea's northeastern Hambuk shipyard in the city of Chongjin, on June 9, 2025. MizarVision What People Are Saying The Korean Central News Agency reported on Friday: "After restoring the balance of the destroyer early in June, the [field restoration promotion team] moored it at the pier by safely conducting its end launching on Thursday afternoon … The next-stage elaborate restoration is to be carried out at the dry dock of the Rajin Dockyard for the period of 7-10 days." South Korea's newspaper The Dong-A Ilbo said on Monday, citing a South Korean government official: "The North Korean leader is believed to have ordered the ship's restoration to be completed before the Workers' Party plenary session later this month … Given the tight schedule, North Korea will likely need support from Russia." What Happens Next It remains to be seen whether North Korea will be able to complete repairs to the destroyer before Kim's deadline. It is unclear what consequences, if any, will follow if the deadline is missed.
