Author: Seoul Reporter

LS ELECTRIC’s switchgear for North American export (Photograph courtesy of LS ELECTRIC) LS ELECTRIC has secured a contract for energy resolution gear for use for a U.S. hyperscale synthetic intelligence (AI) knowledge heart. The corporate introduced on Nov. 10 that it signed a contract price $91.9 million (roughly 132.9 billion received) with a North American massive tech firm to produce high-voltage and low-voltage switchgear and transformers for AI knowledge heart energy provide. This undertaking includes supplying energy gear to an AI knowledge heart being inbuilt Tennessee. LS ELECTRIC will provide switchgear and transformers for electrical…

Whether or not we prefer it or not, the subsequent chapter of Korean literature could reside onscreen.Korean literature, or Okay-lit, has emerged as a brand new international cultural frontier. Worldwide gross sales of Korean titles surged following Han Kang’s 2024 Nobel Prize win, however for a lot of Korean publishers, high-profile guide offers are not the tip aim; they’re only the start.Taylor Bradley, co-founder of Honford Star publishing home, gave a lecture for Royal Asiatic Society Korea on Sept. 23, discussing how Korean publishers are more and more evaluating new works for cinematic potential.Bradley pointed to the instance of Safehouse…

A buyer makes a fee utilizing Samsung Pay on a Galaxy smartphone. (Captured from SED TV) Samsung Electronics is in talks with the U.Ok.’s Barclays Financial institution to launch its personal bank card in the USA. The Wall Road Journal (WSJ) reported on Nov. 7 (native time) that Samsung Electronics is negotiating with the British financial institution Barclays to launch a bank card within the U.S. and that the bank card to be collectively issued by the 2 corporations is deliberate to make use of Visa’s fee community.” Samsung Electronics believes that it will possibly…

 A Pfizer brand is displayed at a analysis facility within the La Jolla neighborhood of San Diego, California, U.S. (Reuters) U.S. pharmaceutical large Pfizer will purchase Metsera, a developer of weight problems remedies, for $10 billion (roughly 14.5 trillion received). After a fierce two-month acquisition battle with Danish drugmaker Novo Nordisk, Pfizer emerged victorious, securing a foothold for entry into the quickly rising weight problems drug market. In keeping with Reuters and different stories on Nov. 8 (native time), Metsera introduced that it had accepted Pfizer’s $10 billion acquisition provide. The value quantities to $86.25…

The Korea Occasions has chosen 14 college students as winners of the 14th World Korea Awards.Selma Naciri, a pupil at Bosung Ladies’ Excessive Faculty in central Seoul’s Yongsan District, received the grand prize, which will likely be offered by Minister of Gender Equality and Household Gained Min-kyong. Born to a Moroccan father who later grew to become a naturalized Korean and a Korean mom, she drew on her multicultural background to review Arabic and different languages, cultivating an early sensitivity to world views. Hoping to pursue a profession in diplomacy, she has been energetic in her college’s Mannequin United Nations…

WASHINGTON — The Supreme Courtroom on Monday rejected a name to overturn its landmark determination that legalized same-sex marriage nationwide.The justices, with out remark, turned away an attraction from Kim Davis, the previous Kentucky court docket clerk who refused to difficulty marriage licenses to same-sex {couples} after the excessive court docket’s 2015 ruling in Obergefell v. Hodges.Davis had been making an attempt to get the court docket to overturn a lower-court order for her to pay $360,000 in damages and legal professional’s charges to a few denied a wedding license.Her legal professionals repeatedly invoked the phrases of Justice Clarence Thomas,…

LG Show’s plant in Paju, Gyeonggi Province (Photograph courtesy of LG Show) LG Show is on the verge of posting its first annual revenue in 4 years, backed by the success of its enterprise transformation centered on natural light-emitting diode (OLED) expertise as a substitute of liquid crystal shows (LCD). In accordance with the Monetary Supervisory Service’s digital disclosure system on Nov. 9, LG Show recorded 6.96 trillion gained (roughly $4.78 billion) in gross sales and 431 billion gained in working revenue within the third quarter. Its EBITDA margin, which represents an organization’s profit-generating skill…

WASHINGTON — The longest-ever U.S. authorities shutdown appeared headed Monday to an eventual decision, after a number of Democratic senators broke ranks to hitch Republicans in advancing a compromise deal — sparking intra-party backlash.Since October 1, the primary day of the shutdown, greater than 1,000,000 federal staff have been unpaid, whereas authorities advantages and companies have been more and more disrupted.Extreme impacts on air visitors have begun to mount in current days, with a whole lot of flights canceled each day, elevating the political stress to finish the stalemate.After clearing a key procedural hurdle late Sunday, the Senate was anticipated…

A modular home on show on the 2025 Good Building, Security, and AI Expo (Photograph courtesy of the Ministry of Land, Infrastructure, and Transport) The Ministry of Land, Infrastructure and Transport, which has lately introduced a plan to increase housing provide by means of modular housing, is pushing for the enactment of particular laws on modular housing to offer incentives and ease laws to corporations that offer modular homes. Modular development is a technique the place main structural parts are pre-manufactured in factories after which assembled on-site for completion. In comparison with present site-centered development,…

The KOSPI index recovered to the 4,000 level vary within the morning session on Nov. 10. (Captured from YTN) The federal government and ruling celebration have reached a consensus on decreasing the utmost tax charge for dividend earnings separate taxation utilized to high-dividend corporations from the present authorities proposal of 35%. Internally, they’re identified to have reached consensus on easing the speed to round 25% as proposed by the Democratic Get together of Korea. That is interpreted as a measure to revive investor sentiment amid latest fluctuations within the KOSPI which have dampened funding psychology. …