Latest news with #KoreanEconomicDaily
Korea Herald
12-07-2025
- Politics
- Korea Herald
Lee says Xi to attend APEC summit, Trump undecided: journalist
Chinese President Xi Jinping plans to visit South Korea to attend the upcoming Asia-Pacific Economic Cooperation summit, while US President Donald Trump remains undecided, a journalist said Saturday, citing his conversation with President Lee Jae Myung. Jeong Kyu-jae, a former editor-in-chief of the Korean Economic Daily, made the remarks in a video on his YouTube channel as he shared details of his luncheon meeting with Lee on Friday, including his possible attendance of an upcoming military parade in Beijing. "Xi Jinping will visit the APEC summit in Gyeongju," the conservative critic quoted Lee as saying. "(He) effectively said that US President Donald Trump also needs to come but a decision appears to have not yet been made." South Korea will host this year's summit of the 21 APEC economies in Gyeongju, about 370 kilometers southeast of Seoul, between late October and early November. Meanwhile, Lee said he was undecided on whether he would attend China's military parade in September, which marks the 80th anniversary of its victory in World War II, according to Jeong. Sources have said that China has sounded out South Korea about Lee possibly attending the parade. Former President Park Geun-hye attended the same event in 2015 despite Washington's displeasure. "I got the impression that he was considering the attendance issue very carefully," Jeong said, noting Park's experience. (Yonhap)
Hypebeast
24-05-2025
- Business
- Hypebeast
TaylorMade Could Have a New Owner Soon
AsTaylorMadeathletesRory McIlroy,Scottie Schefflerand Nelly Korda continue their preparations for the biggest tournaments of the summer, there's a quieter shift happening off the course: TaylorMade is reportedly exploring a change in ownership. Centroid Investment Partners, the South Korean private equity firm that acquired TaylorMade in 2021, has begun the process of selling its stake in the brand. The Korean Economic Daily first reported the news. And while details remain limited, the move reflects strong investor interest as golf continues to ride a post-pandemic wave. TaylorMade has undoubtedly capitalized on this momentum in years, matching its expertise in drivers and fairways woods alongside sharp branding and tongue-in-cheek campaigns (remember that Christmas shoot?). Since Centroid's acquisition, TaylorMade has grown steadily, posting an average annual growth rate of over 10% in net sales and more than 15% in EBITDA (earnings before interest, taxes, depreciation, and amortization), according to reports. The company has also expanded its influence, launching theSun Day Redapparel line alongsideTiger Woodsearlier this year and continuing to be the club of choice for some of the top players in the world like Scheffler, McIlroy, Korda and Collin Morikawa. With its mix of elite performance, cultural relevance and global momentum, TaylorMade remains one of the most desirable brands in golf. Whether the ownership shifts behind the scenes or not, the company's trajectory or public facing image show no sign of changing.
