The Korean daily media headlines and humor
Wednesday May 10, 2017
Here are The Korea Post notices and a roundup of important headlines from all major Korean-language dailies, TV and other news media of Korea today:
Very Respectfully Yours
Korea Post Media
What’s ticking in Korea today? Here is a quick roundup of important news stories from the major Korean news media today:
Moon Jae-in Becomes President with 41.1% Votes
Moon Jae-in of the Democratic Party has been confirmed as South Korea's new president. The National Election Commission(NEC) said that it completed counting votes for the presidential election at 7 a.m. on Wednesday. A total of 32-million-672-thousand-101 people cast a ballot and 41-point-08 percent of those chose Moon to be the country’s next president. Hong Joon-pyo of the Liberty Korea Party(LPK) finished second with 24-point-03 percent of the vote, while Ahn Cheol-soo of the People’s Party came in third with 21-point-41 percent.
Moon Administration to Bring No Significant Change to S. Korea-US Alliance
A senior Washington official said on Tuesday that the South Korea-U.S. alliance will not change significantly under the Moon Jae-in administration, after the Democratic Party’s candidate was elected to be the new South Korean president. Speaking in an interview with Reuters on the condition of anonymity, the official said that Moon’s election could, however, add volatility to relations with Washington, given his questioning of the THAAD deployment. Noting that Moon will have to seek a coalition with other parties, the official said he is not sure whether Moon will be able to “have an unadulterated anti-alliance, anti-THAAD stance.”
US, N. Korea Continue Track 1.5 Dialogue for 2nd Consecutive Day
North Korea and the U.S. held unofficial bilateral talks for a second consecutive day on Tuesday in Norway. Government and civilian experts were speculated to have discussed conditions for the resumption of the stalled six-party talks on the North’s denuclearization as well as the improvement of Pyongyang-Washington relations. They were also speculated to have discussed how to resolve the detainment of several American citizens in the North during the so-called track one-point-five dialogue.
Liberal Moon Jae-in elected S. Korea's new president
Moon Jae-in of the liberal Democratic Party was elected South Korea's new president early Wednesday, with his five-year term set to begin shortly after confirmation of his victory by the election watchdog.
The 64-year-old politician won over 13.4 million, or 41.1 percent, of all votes to win the presidential election held Tuesday, according to the National Election Commission (NEC). The president-elect failed to secure a majority, but his gap with runner-up Hong Joon-pyo of the conservative Liberty Korea Party came to over 5.57 million votes, marking the widest gap in all president elections held here. The previous record was set in 2007 when former President Lee Myung-bak won with a 5.32 million vote lead over his liberal rival Chung Dong-young, according to the NEC.
Moon champions social integration, protection of the vulnerable
President-elect Moon Jae-in is an activist-turned-politician who is widely expected to stress integration between different political parties, as well as the two Koreas throughout his five-year term that will begin later Wednesday. The 64-year-old candidate of the liberal Democratic Party is sure to win the presidential election held Tuesday and will be inaugurated immediately following confirmation of his victory by the National Election Commission. Born to a poor family in Geoje, a small island some 420 kilometers south of Seoul in South Gyeongsang Province, Moon worked as a human rights lawyer for nearly two decades along with the late former President Roh Moo-hyun.
Moon assumes control of S. Korean military
New South Korean President Moon Jae-in formally took over command of the nation's armed forces on Wednesday, immediately after his election. In his first move, Moon received a report from Gen. Lee Sun-jin, chairman of the Joint Chiefs of Staff (JCS), by phone on North Korea. Lee was quoted as telling Moon that "there is no problem in our military's defense posture." He also told the president that the South's military stands ready to counter North Korea's provocation, according to the JCS.
U.S. congressional leaders welcome Moon's election
U.S. congressional leaders, including House Speaker Paul Ryan, issued a series of statements welcoming the election of South Korea's new President Moon Jae-in on Tuesday, expressing hope for working closely together with the new government to further strengthen the alliance. "I congratulate President-elect Moon Jae-in on this hard-fought victory. The strategic partnership between the United States and South Korea is critical to stability on the Korean Peninsula and in the Asia Pacific," Ryan (R-WI) said in a statement.
The Korea Herald (http://www.koreaherald.com)
Moon starts presidency
Moon Jae-in on Wednesday officially began his term as the 19th president of South Korea, after winning Tuesday’s election in a landslide victory. The National Election Commission in the morning officially declared Moon’s win, confirming that he has clinched over 13.42 million -- or 41.08 percent -- of all votes. Ballot counting was completed around 7 a.m. “This presidential election was the first-ever by-election that followed an impeachment of a president. I hope the president-elect will offer words of consolation to those who lost, and unite people across ideology, region, class and generation,” said NEC head Kim Yong-deok.
Moon Jae-in takes presidency in landslide
Moon Jae-in, a human rights lawyer turned liberal politician, was elected president in a landslide victory on Tuesday. Moon's win was confirmed at 2:37 a.m., with the count giving him 40.2 percent of the votes, with about 87.4 percent of the votes counted. Moon will be sworn in at the National Assembly at noon Wednesday. “It is a great victory of the great people who gave their support to create a just country, a united country, a country worth the name, where principles and common sense are upheld,” Moon said, speaking to thousands of supporters who gathered in central Seoul after his victory was confirmed.
10 Korean kindergartners killed in car crash in China
Ten South Korean kindergartners were killed in a traffic accident in China on Tuesday after a bus they were in caught fire, Seoul’s Foreign Ministry said. The accident took place at around 9 a.m. in Weihai, Shandong Province, as the vehicle crashed into a garbage truck in front of them, catching fire while in a tunnel. A total of 12 people aboard died, including a Chinese child and a Chinese bus driver, while a Chinese instructor was severely injured, the ministry said.
The Korea Times (http://www.koreatimes.co.kr)
Moon Jae-in Wins Korean Presidency
Moon Jae-in of the liberal Democratic Party was elected South Korea's new president early Wednesday. He will begin his five-year term with confirmation of his victory by the National Election Commission (NEC). The former human rights lawyer secured some 11.4 million, or 40.2 percent, of all votes counted as of 2:37 a.m., according to the commission. He had a 4.3 million vote lead over runner-up Hong Joon-pyo of the conservative Liberty Korea Party, with less than 4.2 million votes cast in the election remaining uncounted. The final turnout was 77.2 percent, slightly higher than the previous election's 75.8 percent; but short of reaching the expected 80 percent mark.
Moon Jae-in may try to mend China ties
South Korea and China are expected to restore ties strained by the deployment of a U.S. defense missile shield here considering liberalist Moon Jae-in won the presidential election, analysts said Tuesday.
But they speculated that South Korea's deteriorated ties with Japan may deepen, claiming that Tokyo will refuse the new government's possible call to renegotiate a disputed deal on "comfort women." "China is anticipated to have considerable expectations on improving ties with the new South Korean government," said Kim Han-kwon, a professor at the Korea National Diplomatic Academy. "Regarding Seoul-Tokyo ties, it will be a difficult task as the two neighbors have remain poles apart in their view over history, especially when it comes to issues on comfort women."
Harmony or isolation? It's Moon's choice
The harsh reality faced by Moon Jae-in, the winner of the presidential election, in domestic politics is that his Democratic Party of Korea (DPK) is 30 seats short of a majority in the 299-member National Assembly. This means the DPK has no choice but to seek cooperation from minor parties to push its reform agenda through. What makes this task more challenging is the deepened chasm between the DPK and the center-left People's Party during the presidential race. Reflecting this reality, Moon repeated his promises for "cooperative politics" during the campaign and through election day.
Macron poised to test cooperative ruling in France
"Unprecedented new political experiment" has just started in France, which has achieved ‘election revolution’ that overcomes political ideology and the conventional framework of politics. Most watchers say whether French President-elect Emmanuel Macron of the new centralist party "En Marche" who has become the president without even a single parliamentary seat for the first time in French history will succeed or not depends on efficient "cooperative ruling." President-elect Macron garnered 66.1 percent of the vote to beat the far-right nationalist Marin Le Pen who won 33.9 percent in the second round of the French presidential election on Sunday. “I am well aware that many of you will express anger, concern, and suspicion,” Macron said soon after securing victory, stressing, “However, I will exert all my energy to fight against the deepening divide.”
Butcherbird, birds of prey, found to be breeding in Namsam
Small birds of prey of butcherbird were identified to be breeding this year following last year at Namsan Park in Seoul. The Seoul Metropolitan Government Central Park Green Area Management Office said Monday that spawning breeding of butcherbird that is at the top of the predator pyramid was observed there. This spawning breeding is evidence of a stable ecosystem of Namsan according to Seoul city government. "Butcherbird is the top predator of insects, frogs, birds and rats," a park office source said. "It is a sign that various species of living things including insects, amphibians and reptiles are constituting a stable ecosystem."
Disgrace of superlative violin ‘Stradivarius’
Does superlative violin Stradivarius with the history of hundreds of years sound different from other modern instruments? Stradivarius, which was built by Antonio Stradivari in the 17th century, has been considered to have exquisite tone, high volume, and balanced sound in all ranges, helping to expand the sound. That is why it is to be deemed the finest across the world. However, it appears that both players and audience prefer the sound of modern violins, rather than Stradivarius.
Koreans Go to the Polls
Koreans head to 13,964 polling stations across the nation on Tuesday to elect their next president. Polling stations opened at 6 a.m. and will close at 8 p.m., two hours later than usual. Out of 42.48 million registered voters, 11 million already cast their ballots during early voting held last week. The results of Tuesday's votes will not only determine the new leader but end a six-month power vacuum caused by the downfall and impeachment of President Park Geun-hye over a massive influence-peddling and corruption scandal.
U.S. 'Armada' Still Busy in East Sea Drills
A U.S. Navy strike group led by the nuclear-powered aircraft carrier Carl Vinson has been engaged in joint exercises with the South Korean Navy in the East Sea since it arrived on April 29, a military spokesman here said Monday. "There's been no discussion yet when to end the drill," the spokesman said. "It will probably likely continue all this week." The "armada" came to global prominence last month when U.S. President Donald Trump at one point seemed not know where it was, claiming it was headed for South Korea when it was in fact on its way to Australia.
Foreign Land Ownership Wanes on Jeju But Grows in Gangwon
Foreign investor appetite for real estate on Jeju Island appears to have waned. The area of land on the southern resort island owned by foreigners shrank by more than 586,000 sq.m last year, the biggest decline in the country. But foreign land ownership increased markedly in Gangwon Province, which is home to Pyeongchang where the Winter Olympics take place next year. According to the Ministry of Land, Infrastructure and Transport on Sunday, foreigners owned 20 million sq.m of land on Jeju Island as of the end of last year, down 2.8 percent. Land owned by Chinese people dwindled 7.9 percent to 8.42 million sq.m.
N.Korea 'Destroys' Cheong Wa Dae in Effigy
Satellite images show a mock-up of South Korea's presidential office completely destroyed by bombing practice, VOA reported Monday. Commercial satellite image provider Airbus published images of the Cheong Wa Dae dummy on the outskirts of Pyongyang in comparison with pictures of the still-intact mock-up taken last year. Pictures of the area shot in May and October last year show a structure looking exactly like Cheong Wa Dae, but in those taken on April 22 it is almost completely destroyed except for the front facade.
Can Moon Jae-in win a majority of votes?
Minjoo Party candidate Moon Jae-in’s focus on the eve of the presidential election on May 8 was less on whether he would win than on whether he would score a majority vote. Earning over 50% of votes could allow him some traction in governance with a ruling party minority in the National Assembly and leave him in a strong position in later negotiations toward a coalition or co-governance.
“Miraculous voter turnout and overwhelming percentage of votes would be the force that opens up a new beginning in the Republic of Korea,” Moon said in his last press conference appeal to the public before the election.
Next president will get to work without an inauguration ceremony
South Koreans elect a new president on May 9, and the next question will be the timing and method of the winner’s inauguration, with whoever wins set to start his or her term right away. With many agreeing that the long leadership vacuum resulting from former president Park Geun-hye being ousted needs to be filled right away, the candidates’ election camps are considering substantially downscaling or postponing an inauguration - or foregoing it altogether. Presidential inauguration ceremonies are important events where the president-elect shares what will be the governing philosophy for the new administration. Since the amendment of the Constitution for the direct presidential election system in 1987, the ceremonies have been held on the morning of Feb. 25 after the election in front of the National Assembly Building in Seoul’s Yeouido neighborhood.
New president could seek to set up a coalition for more effective governance
Whoever wins the presidential election on May 9, the composure of the National Assembly and its lack of a majority party will remain. The new president will also have to start his or her term immediately without setting up a transitional committee first. It‘s a scenario where a coalition is desirable and co-governance essential for governance to proceed smoothly. The political situation is also reflected in the way most of the candidates have proclaimed their own visions for “unified governance” embracing the ruling and opposition parties, as well as larger and smaller parties.
A North Korean defector’s perspective on this presidential election
This is my ninth year living in South Korea as a North Korean defector - in Korean, variously referred to as “saeteomin,” “talbukin,” “tulbukmin,” “talbukja” and “bukhanitaljumin.” The various modifiers that appear next to the names of people like me who are from North Korea are all accurate, but there are some subtle differences between the terms. “Saeteomin” (literally, “people in a new place”) seems to erase the fact that we were born in North Korea. The term only suggests that we’re people who have relocated. “Talbukin,” “talbukmin” and “talbukja” only differ in their final syllable (“in,” “min” and “ja”), but their connotations are quite different. “In” focuses on the individual, and “min” on the group. Defectors aren‘t very fond of the “ja” ending, which has negative connotations when used as a suffix in North Korea.
Moon Jae-in wins Korea’s first snap presidential election
Moon Jae-in, the nominee from the liberal Democratic Party, was elected Korea’s 19th president on Tuesday in what has been seen as an indictment of the country’s conservative establishment. Moon’s victory in the snap election, which follows the first removal of a democratically elected president, was confirmed by the JoongAng Ilbo at 1:25 a.m. Wednesday morning when 67.15 percent of all votes had been counted.
Moon won 39.65 percent of the votes counted thus far. Runner-up Hong Joon-pyo, the candidate from the conservative Liberty Korea Party, trailed with 25.99 percent. People’s Party candidate Ahn Cheol-soo came in third with 21.37 percent, followed by Bareun Party nominee Yoo Seong-min and Justice Party contender Sim Sang-jeung with 6.56 and 5.86 percent each.
Bus accident in Chinese tunnel kills Korean kindergartners
A fiery accident in a tunnel in Shandong Province, eastern China, killed 12 people, including 11 kindergartners heading to a Korean international school on Tuesday. A school bus was passing through a tunnel in Huancui District in Weihai, a port city in eastern Shandong, at around 9 a.m., local time, when the vehicle suddenly burst into deadly flames. The Korean Embassy in China confirmed that 10 of the 11 kindergartners killed were of Korean nationality and the other child was Chinese. There were 13 passengers on the bus, including the teacher in charge, who is reported to have been severely injured, and the driver, who was killed. Both were Chinese.
Trump offers meeting to Kim Jong-un
The Donald Trump administration reportedly told Pyongyang through Beijing that it would “provide security guarantee” for the Kim Jong-un regime and invite the North Korean leader to the U.S. for direct talks if Pyongyang scraps its missile and nuclear weapons program, according to the Japan Times Tuesday. Citing unidentified diplomatic sources, the Japanese newspaper wrote that in return for North Korea foreswearing its nuclear and missile technologies, the U.S. promised it “would not seek regime change, regime collapse or an accelerated reunification of the Korean Peninsula, nor would it look for an excuse to advance north of the 38th parallel, the de facto inter-Korean border.”
Hoverboards and the like pose a conundrum
Call it whatever you want - electric wheel, one-wheeled Segway, personal mobility device - but just don’t call it a bicycle. Electric unicycles, ridden gripped between the legs, are now ubiquitous on the sidewalks of Seoul, but the devices, along with the equally popular two-wheeled hoverboard, remain in a legal gray area in terms of traffic law. Electric unicycles and hoverboards are banned from bike-only roads and even parks because Korean traffic law categorizes them as motor vehicles. Anyone who rides them, though, knows sharing the road with cars is equally, if not more, dangerous.
The KyungHyangShinmoon (http://english.khan.co.kr/)
The Angry Public That Cried, "What Kind of a Country Is This!" Seeks a New Government
The nineteenth presidential election actually began with the candlelight demonstrations that heated the cold winter last year. The angry public placed the people responsible for abusing state authority centered on former President Park Geun-hye before the law. Voices that filled the square once crying, "What kind of a country is this?" refuse to die down and have simply switched slogans for the time being, crying out the name of the presidential candidates. The nineteenth president and the next government will have to shoulder a burden heavier than any other "new government." They have been assigned the task of reforms to root out the bad practices that have piled up, simultaneously with the homework of resolving the conflicts that have amplified during the election and bringing the nation together.
"I Want to Get Along with Others in a Korea Without Discrimination"
"Presidential candidates, please join us to improve the working conditions of migrant workers and to eliminate racial discrimination in South Korea!" Subi (12), who goes to an elementary school in Cheongju, Chungcheongbuk-do, is from Nepal. On May 4, she sent a letter to the official Facebook and Twitter accounts of major presidential candidates in the nineteenth presidential election. Her letter has been retweeted on Twitter over 6,000 times as of May 8. In the letter, Subi wrote, "Regardless of age, education, and job, many Korean business owners call migrant workers 'sae* (bastard)' and speak harsh words." "I also felt bad when I was teased at school for my dark skin and big nose. There are 2 million immigrants in South Korea, but there has been almost no effort to get rid of racial discrimination," she continued.
"The Popularity of Early Voting Shows the People's Aspirations. Total Voter Turnout of the 19th Presidential Election Expected at 80%"
Over 11 million people took part in the early voting for the nineteenth presidential election, held after the first ever impeachment of the president. Kim Dae-nyeon (58, photo), secretary-general of the National Election Commission, spoke about the heated interest in voting when he sat for an interview with the Kyunghyang Shinmun at the commission's office in Gwacheon-si, Gyeonggi-do on May 7. He said, "The turnout in the early voting recorded 26.06%, the highest ever, and this shows that the people strongly want the politicians to listen to their voices. And the early voting is significant for it played the role of the stepping stone." As for the overall turnout of the presidential election, he said, "I carefully anticipate it to exceed 80%."
New President Could Be Determined as Early as 2 a.m. May 10. Presidential Term Begins When Election Commission Announces Winner
Whoever wins in the nineteenth presidential election, the first ever by-election, will begin his or her term in office when the winner is announced. Thus a bit of confusion is expected, since there are no precedents when it comes to the announcement of the winner, the inauguration ceremony and cabinet member appointments. The government is being careful, mentioning little about the procedures immediately after the election.
The Korea Economic Daily (http://english.hankyung.com/)
Moon Jae-in Elected as 19th President...Promises to Undertake Reform and National Reconciliation
Moon Jae-in, candidate for the Minjoo Party, has won the election held on May 9 and became the 19th President of the Republic of Korea. With 99.8 percent of ballots counted as of 5:30 am on May 10, Moon was in first place with 41.1 percent of the vote (13,387,679), outpacing the runner-up Hong Joon-pyo by a large margin. Hong gained a total of 7,841,033 votes (24.1%). The remaining three candidates, including Ahn Cheol-soo of the People's Party (21.4%), Yoo Seung-min of the Bareun Party (6.8%), and Shim Sang-jung of the Justice Party (6.2%), gained slightly less than 35 percent in total.
Petrochemical Industry Ramps up Ethylene Output
Korea's petrochemical industry is ramping up ethylene production capacities. Ethyleneis often called an "industrial rice" since it is used as a majoringredient for major chemical products. As the international oil prices slip to US$40 level per barrel, the profitability of ethylene is greatly improving. Accordingto industry sources on May 8, LG Chem, Lotte Chemical, Hanwha Total, and Korea Petrochemical are investing a total of 1.62 trillion won to expand their NCC facilities which are used to churn out ethylene. Four out of six petrochemicalcompanies that run their own NCC, are making capacity investment to boost theirethylene output.
Golden Age Comes Back for Lubricant Oil Business
Lubricant oil business is serving as a new cash cow for Korea's oil refiners this year. Analysts said that the golden age has come back for the lubricant oil business in five years. According to industry sources on May 8, the spread between the price of lubricant base oil ingredients and that of lubricant base oil products is widening sharply in recent days. Lube base oil is an ingredient of lubricant oil. Lubricant is made by mixing lube base oil (80%) with additives (20%). The lube base oil spread which has fluctuated around US$20 per barrel, surged to$32 in March. The performance of domestic oil refiners' lubricant oil business that remained sluggish after peaking in 2011, are showing strong signs of improvement. In the lubricant oil business, S-Oil, for example, recorded sales of 384.7 billion won and operating profit of 84.1 billion won in the first quarter of this year, with its operating profit-to-sales ratio estimated at 21.9 percent.
AJU Business Daily (http://eng.ajunews.com/korea)
Moon takes office as S. Korea's new president after comfortable election victory
Moon Jae-in took office Wednesday as South Korea's new president after a comfortable victory in an election that ended a protracted leadership vacuum and political turmoil triggered by a corruption scandal engulfing his conservative predecessor. Moon's single five-year term began officially after a state election watchdog completed vote counting and confirmed his victory. After visiting the national cemetery, he will be sworn in an informal ceremony in parliament at noon. He delivered his first presidential order from his home in Seoul after receiving a telephone report by Lee Sun-jin, chairman of the Joint Chiefs of Staff, on the movement of North Korean troops. "As president, I trust the capability of our army," Moon said, urging soldiers to maintain a tight security shield.
Moon makes triumphant gesture as joint exit poll predicts overwhelming victory
Moon Jae-in, a former human right lawyer, made a triumphant gesture Tuesday as a joint exit poll predicted an overwhelming victory in an election to pick the successor of South Korea's jailed ex-president Park Geun-hye. A cry of relief and joy filled the office of Moon's main opposition Democratic Party with dozens of party members simultaneously jumping up from their seats and clapping with victorious laughs, after the outcome of an exit poll conducted jointly by three major TV stations was announced. A crowd of supporters chanted Moon's name fervently and swarmed around his black van to get a smartphone shot of the to-be president as he stepped out of his Seoul house and gave nods of appreciation with a smile.
Moon advocates realistic and independent foreign policy
Moon Jae-in has unveiled a policy of engaging in realistic and independent diplomacy that emphasizes national interests and South Korea's initiative to prevent war on the Korean peninsula. Under his foreign policy titled "diplomacy of cooperation with priority on national interests", he suggests South Korea should bolster traditional ties with the United States while trying to restore strained relations with China.
In his election pledge, he proposed an early summit meeting between Chinese and South Korean leaders to further "strategic cooperation and partnership" between the two countries.
Maeil Business News Korea (http://www.pulsenews.co.kr/)
Liberal Moon Jae-in elected as South Korea’s 19th president
Moon Jae-in of the liberal Democratic Party overwhelmingly won Tuesday’s election, becoming the 19th president nine months ahead of the original calendar and benefiting from the fall of former President Park Geun-hye to whom he had lost by a narrow margin in the last election. Moon secured 13,423,800 votes, or 41.1 percent and maintained 17.1 percentage point lead over runner up Hong Joon-pyo of the Liberal Korea Party (former ruling party) who had won 24.0 percent, or 7,852,849 votes. Ahn Cheol-soo of the People’s Party gained 21.4 percent.
New Korean president vows public-led economic stimuli, bigger government
South Korea’s president-elect Moon Jae-in who would bring the ruling power to the liberal camp for the first time in nearly a decade pledges to reinvigorate the slow-moving economy and tackle joblessness of young people by creating 810,000 jobs in the public sector. His agenda mostly requires bigger government role and supervision to ensure more balance growth and equality across the society. Moon who pledged breakthrough in inter-Korean relation that has been in a stalemate for a decade under the conservative governments and greater defense sovereignty including reconsideration of the Terminal High Altitude Area Defense (THAAD) already in posture softened his tone toward the end of the race amid criticism about his engaging policy towards North Korea that has become more unpredictable and intimidating under unruly leader Kim Jong-un who has decisively upped nuclear and missile saber-rattling and provocations this year.
Kospi records biggest gain in nearly 20 months
The Korean composite stock price index (Kospi) showed the biggest gain in 20 months since September 9, 2015 on Monday, riding on a buying spree of foreign and institutional investors and stellar performances of large-cap companies. The benchmark Kospi closed Monday at 2,292.76 points, up 51.52 points or 2.30 percent from the previous session. The market capitalization also hit a record high of 1,487.32 trillion won ($1.3 trillion).
HHI & Saudi Arabia’s Bahri to develop smart ship technology together
South Korea’s top shipbuilder Hyundai Heavy Industries Co. has joined hands with Saudi Arabia’s national shipping company to develop cutting-edge smart ship technology as part of efforts to foster its smart ship business. Hyundai Heavy Industries, also the world’s biggest shipbuilder, said on Monday that it has signed a memorandum of understanding (MoU) with the National Shipping Company of Saudi Arabia (Bahri) on establishing a partnership in the smart ship sector.
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