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The Van Fleet Award honors individuals who have made notable contributions to the U.S.-South Korea bilateral relationship, named after Gen. James A. Van Fleet, commander of the U.S. Eighth Army during the Korean War.
By Song Sang-ho
WASHINGTON, Sept. 28 (Yonhap) -- Nvidia Corp. Chief Executive Officer (CEO) Jensen Huang received an annual prestigious award for his contribution to enhancing the relationship between South Korea and the United States, a nonprofit organization said Monday.
Huang was honored with this year's Van Fleet Award in recognition of his "visionary" leadership and "transformative" contributions to the artificial intelligence and semiconductor industries -- sectors central to the deepening economic partnership between the two countries, according to The Korea Society.
The award was given during The Korea Society's annual gala in New York. Samsung Electronics Co. Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won also joined the event.
Named after Gen. James A. Van Fleet, commander of the U.S. Eighth Army at the height of the Korean War in 1951, the award has been given annually to those who have made notable contributions to the bilateral relationship.
Former honorees of the award include former South Korean President Kim Dae-jung, Korean War hero Gen. Paik Sun-yup, former U.N. Secretary-General Ban Ki-moon and former U.S. Presidents George H.W. Bush and Jimmy Carter.

An analysis showed that the amount of power that four nuclear power plants that had reached the end of their design life were shut down while they were being reviewed for continued operation and that the amount of power they could not produce exceeds the annual consumption of Busan City. The amount of electricity is equivalent to about 12 300 MW semiconductor factories, and the opportunity cost was estimated at about 1.9 trillion won. KHNP submitted a safety evaluation report before the expiration of the design life and stated that it is difficult to determine that there was a delay in review.

Nvidia announced that its board of directors approved an additional $150 billion for its existing stock repurchase program, increasing the total amount approved to $235 billion. This is the largest share repurchase in American company history, and is interpreted as a measure to protect stock prices and enhance shareholder value. Nvidia's stock price soared more than 3.6% during the day, but closed at $228.86, up 1.68% during regular trading.

The Korea Society announced on the 28th (local time) that it awarded the Van Fleet Award to NVIDIA CEO Jensen Huang for his contribution to strengthening Korea-US relations at its annual gala held in New York, USA. CEO Hwang demonstrated pioneering leadership and innovative contributions in the AI โโand semiconductor fields, and was recognized for expanding cooperation with major Korean companies such as Samsung Electronics, SK Group, Naver, and Hyundai Motor Group. Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won also attended the event and congratulated him.

U.S. President Donald Trump announced on the 28th (local time) that he had announced plans to invest in a large steel mill worth $15 billion (approximately 20.4 trillion won) to be built in Iowa by Mesabi Metallics, a subsidiary of India's Essar Group. Trump claimed that he imposed a 50% tariff on foreign steel as part of his tariff policy and that this is causing companies to build factories in the United States, and explained that he plans to produce 10 million tons of steel per year using iron ore mined in Minnesota when the steel mill is completed. He also said that the first phase of the project is expected to create 5,000 to 6,000 jobs, and that he is focusing on promoting economic performance ahead of his victory in the midterm elections.

Chinese Premier Li Chang, presiding over the State Council Executive Meeting, ordered strengthening macro policies to stimulate the economy, boosting domestic demand, and promoting investment. China plans to actively utilize counter-cycle control policies to achieve this year's economic growth target of 4.5-5%.

The loan delinquency rate for self-employed people in North Chungcheong Province was 2.85%, 0.86 percentage points higher than the national average of 1.99%, and the gap widened from 0.70 percentage points at the end of last year. The delinquency rate for vulnerable self-employed people rose 1.0 percentage points to 16.74%, and the loan balance increased to 25.83 trillion won, but the growth rate slowed.