Author: Seoul Reporter

A particular counsel workforce moreover indicted former President Yoon Suk Yeol on Monday on expenses of aiding the enemy together with his alleged dispatch of drones to North Korea final 12 months.The workforce, led by particular counsel Cho Eun-suk, additionally charged Yoon with abuse of energy in reference to the order, which was allegedly given to impress the North’s retaliation and use it as a pretext for his declaration of martial legislation in December.The particular counsel workforce has been investigating numerous allegations surrounding Yoon’s failed bid to impose martial legislation and beforehand charged him with obstructing his detention by investigators…

Hana Financial institution, a serious business financial institution in Korea, has been fined practically 18 billion gained ($12.3 million) for promoting personal funds to traders with out correctly explaining the related dangers, trade sources mentioned Monday.The Monetary Supervisory Service (FSS) imposed a high-quality of 17.94 billion gained on the financial institution for mis-selling 9 sorts of personal funds that invested in abroad mortgage bonds and related property, together with these in Italy and Britain, to a complete of 963 traders between 2017 and 2019.Whereas promoting the merchandise, which had a mixed gross sales quantity of 377.9 billion gained, the financial…

Korean firms’ working profitability relative to their belongings has practically halved over the previous twenty years, a report confirmed Monday.Based on the report by the Korea Chamber of Commerce and Trade (KCCI), the working return on belongings (OROA) of the nation’s high 1,000 firms by gross sales fell from 4.2 % in 2004 to 2.2 % in 2024.OROA, calculated by dividing working revenue by common complete belongings, measures how effectively an organization makes use of its belongings to generate earnings from core enterprise operations.The info signifies that 100 million received ($68,700) in belongings generated 4.2 million received in revenue in…

Katseye poses with the MTV Video Music Awards PUSH Efficiency of the Yr award on the 2025 MTV Video Music Awards in Elmont, New York, on Sept. 7. [REUTERS/YONHAP]   Ok-pop has simply leaped over the Grammy’s notoriously excessive barrier for the style: Blackpink’s Rosé scored three nominations, Netflix’s animated movie “KPop Demon Hunters” landed 5 and woman group Katseye, although not strictly a Ok-pop act, earned two.   Whereas the prospect of a win underneath the broader “Ok” banner seems stronger than ever, critics recommend that this 12 months’s nominations mark extra of an evolution than a breakthrough for…

BEIJING – China has nearly lifted sanctions on 5 US subsidiaries of South Korean shipbuilder Hanwha Ocean Co., in a conciliatory step following final month’s settlement between Chinese language President Xi Jinping US President Donald Trump to halt the escalating US-China commerce battle.In an announcement posted Monday on its web site, China’s Ministry of Commerce stated it might droop countermeasures towards the Hanwha Ocean items for one yr, citing Washington’s resolution to defer new tariffs and investigations below Part 301 of the US Commerce Act focusing on China’s delivery, logistics and shipbuilding sectors.The ministry stated, “Given the US authorities’s postponement…

Deaf Ok-pop group to carry out solo at historic Bataclan on Dec. 7 Huge Ocean (Parastar Leisure) Huge Ocean, the primary Ok-pop idol group composed of deaf members, will maintain a year-end live performance in Paris subsequent month.Based on its company Parastar Leisure, Monday, members Chan-yeon, PJ and Ji-seok will carry out a live performance titled “Heartsign: When Palms Sing, Hearts Reply” on Dec. 7 on the Bataclan.The Bataclan, as soon as the positioning of tragedy in a November 2015 terrorist assault, in the present day carries deep historic and emotional significance as an emblem of therapeutic, restoration and rebirth.…

MANILA — Storm Fung-wong blew out of the northwestern Philippines on Monday after setting off floods and landslides, knocking out energy to whole provinces, killing a minimum of two folks and displacing greater than 1.4 million others.It was forecast to go northwest towards Taiwan.Fung-wong lashed the northern Philippines whereas the nation was nonetheless coping with the devastation wrought by Storm Kalmaegi, which left a minimum of 224 folks lifeless in central provinces on Tuesday earlier than pummeling Vietnam, the place a minimum of 5 have been killed.Fung-wong slammed ashore in northeastern Aurora province on Sunday night time as a brilliant…

The variety of college students in Korea from multicultural backgrounds surpassed 200,000 for the primary time this yr, but many proceed to face challenges within the classroom, in keeping with current authorities information.Information launched Sunday by Rep. Kang Kyung-sook of the Rebuilding Korea Occasion confirmed that college students from multicultural households accounted for 477 highschool dropouts throughout the 2023 educational yr, a 2.22 p.c dropout charge, in keeping with the Ministry of Schooling.The speed has gone up steadily — from 1.36 p.c in 2020 to 1.93 p.c in 2021 and 1.99 p.c in 2022 — surpassing 2 p.c for the…

Alice Schwarzer holds up a photograph of Ann Gwi-ryeong, a former spokesperson for Korea’s Democratic Occasion, whose fearless standoff with martial legislation troops exterior the Nationwide Meeting went viral, at her workplace in Cologne, Germany. (Lee Yu-jin/Hankyoreh) Standing on the Rhine the place it cuts throughout the German metropolis of Cologne is a lone tower. It’s all that is still from the place a metropolis fortification crumbled.This five-story tower that has survived for over 800 years is named “Bayenturm.” It seems just like the form of place the place a witch may dwell — or the place Rapunzel may need…

Velocity Clearing’s CI (Captured from Velocity Clearing web site) Velocity Clearing, a U.S. securities agency acquired by Hanwha Life, has been fined $1 million (roughly 1.4 billion gained) by native authorities for failing to correctly fulfill its obligations to observe market manipulation trades. In response to monetary business sources on Nov. 10, U.S. regulatory authorities imposed this penalty in September, stating that Velocity did not correctly adjust to laws designed to stop market manipulation buying and selling actions. The agency was discovered to have inadequately established methods and written supervisory procedures for monitoring and stopping…