Author: Seoul Reporter

[ad_1]   Kim Keon Hee, spouse of former President Yoon Suk Yeol, arrives on the Seoul Central District Courtroom in Seocho District, Seoul, on Sept. 24 for the primary listening to in her trial on fees associated to inventory manipulation involving Deutsche Motors and allegations of receiving valuables from the Unification Church. [JOINT PRESS CORPS]   Kim Keon Hee, spouse of former President Yoon Suk Yeol, has admitted for the primary time that she acquired Chanel purses from a determine linked to the Unification Church shortly after the 2022 presidential election. Her authorized crew mentioned Wednesday that “Kim acknowledges receiving…

[ad_1] Renault Korea and GM Korea are below rising stress to launch new automobiles, as an absence of recent fashions has led to a pointy decline of their gross sales, business knowledge confirmed Wednesday.Each corporations have lengthy been thought of two of the so-called mid-tier automakers in Korea by way of gross sales quantity, however their positions at the moment are being threatened by fast-rising manufacturers like Tesla and strong gross sales efficiency from different standard German luxurious automakers.Renault Korea knowledge reveals it offered 7,201 automobiles final month, down 42.2 % from the earlier 12 months.The sharp gross sales decline…

[ad_1] Greater than half of Koreans mistrust the nationwide pension system, with most respondents viewing present contribution ranges as burdensome and opposing deliberate premium will increase, based on a survey launched Wednesday by the Korea Employers Federation (KEF).Within the survey, 55.7 p.c of respondents mentioned they don’t belief the Nationwide Pension Service, exceeding the 44.3 p.c who mentioned they do by 11.4 share factors.Mistrust was notably pronounced amongst youthful generations, with 69.2 p.c of respondents of their 20s and 74.7 p.c of their 30s saying they don’t belief the nationwide pension system. Solely these of their 50s and older confirmed…

[ad_1] A promotional picture for boy band Newbeat’s first EP, ″Louder Than Ever″ [BEAT INTERACTIVE]   100 rounds of choreography, 100 vocal takes per verse and a 100-kilometer (62-mile) march throughout Korea: Newbeat is taking the arduous highway — actually.    The rookie boy band is carving out a definite path for itself within the Ok-pop scene — normally outlined by its shiny perfection — all whereas eyeing the U.S. market with bright-eyed ambition.   “We’re a crew constructed on camaraderie,” mentioned member Jeon Yeo-yeo-jeong throughout an interview with the Korea JoongAng Day by day in western Seoul on Oct. 28, forward of…

[ad_1] North Korea on Thursday denounced U.S. sanctions on Pyongyang over cybercrime-related cash laundering, vowing to reply in a corresponding method.The North’s response got here because the U.S. introduced Tuesday that it had imposed sanctions on eight North Korean people and two entities for his or her involvement in laundering cash stolen by means of illicit cyber actions.Kim Un-chol, North Korea’s vice overseas minister answerable for U.S. affairs, stated in a press release that Washington’s newest sanctions reveal its hostile coverage towards the North.”As the present U.S. administration has laid out its stance that it is going to be hostile…

[ad_1] Revealed: 06 Nov. 2025, 00:00 Audio report: written by reporters, learn by AI   President Lee Jae Myung speaks throughout a Cupboard assembly on the presidential workplace in Yongsan, Seoul, on Nov. 4. [YONHAP]   The presidential workplace has concluded that the current Korea-U.S. tariff settlement doesn’t require ratification by the Nationwide Meeting. It argues that the memorandum of understanding (MOU) lacks legally binding pressure and due to this fact falls outdoors constitutional necessities. This stance is misguided.   Article 60 of the Structure requires the Nationwide Meeting to ratify treaties imposing vital monetary burdens on the state or…

[ad_1] Financial institution of Korea Governor Rhee Chang-yong delivers a enterprise report in the course of the Nationwide Meeting’s Technique and Finance Committee’s audit of the Financial institution of Korea held on the Financial institution of Korea in Jung-gu, Seoul on Oct. 20. (Joint Press Corps) Financial institution of Korea Governor Rhee Chang-yong has known as for the secure institution of the risk-free benchmark price “KOFR” forward of subsequent 12 months’s inclusion within the World Authorities Bond Index (WGBI). On the opening ceremony of the “Convention for Brief-term Monetary Market Improvement and KOFR Activation” collectively…

[ad_1] U.S. greenback payments (Reuters) Final month’s overseas trade reserves elevated by almost $7 billion resulting from elevated operational beneficial properties and the issuance of overseas trade stabilization bonds. Based on the Financial institution of Korea on Nov. 5, overseas trade reserves as of the top of October stood at $428.82 billion, a rise of $6.8 billion from the earlier month. This marks the very best degree since January 2023 ($429.967 billion), representing a 2-year, 9-month excessive. International trade reserves hit a roughly 5-year low of $404.6 billion on the finish of Might, however have…

[ad_1] Chef Napoli Matfia from “Culinary Class Wars” (2024) was born within the 12 months of the pig. He’s presupposed to keep away from standing out, however I feel standing out is how his profession took off. [YONHAP]   These fortunes emphasize calm reflection and emotional steadiness — many indicators are urged to relaxation, keep away from overexertion and worth real relationships over materials acquire. Persistence, moderation and quiet confidence result in concord and gradual progress, whereas humility and cooperation open the way in which for renewal. Listed here are your fortunes for Thursday, Nov. 6.   💰 Wealth: Monetary…

[ad_1] MEXICO CITY — Mexican President Claudia Sheinbaum is urgent fees in opposition to the person who groped and tried to kiss her as she greeted individuals outdoors the presidential palace this week, she stated Wednesday, sending a message in a rustic the place ladies routinely face such abuse. [ad_2]