Author: Seoul Reporter

[ad_1] The Demilitarized Zone separating the 2 Koreas taken from the border metropolis of Paju, Gyeonggi Province, Jan. 11. YonhapThe unification ministry mentioned Thursday pending payments granting the South Korean authorities management of non-military entry to the Demilitarized Zone (DMZ) don’t battle with the armistice because the payments require advance session with the United Nations Command (UNC).The ministry’s stance got here a day after the UNC voiced robust opposition to the payments, calling them “fully at odds” with the armistice settlement that ended the 1950-53 Korean Battle.”The continued parliamentary dialogue on DMZ-related payments requires advance consultations with the UNC for…

[ad_1] Coupang’s headquarters in Seoul / YonhapPolice on Thursday raided Coupang’s headquarters as a part of an investigation into alleged wrongdoings by former Democratic Social gathering of Korea lawmaker Kim Byung-kee.Investigators from the Seoul Metropolitan Police Company searched Coupang’s head and social contribution affairs workplaces, each in southern Seoul, within the morning to grab information associated to the allegations that Kim requested personnel disadvantages for his former aide who moved to the e-commerce large.Kim is suspected of asking former Coupang CEO Park Dae-jun to provide unfavorable personnel therapy to his former aide-turned-Coupang government throughout their dinner assembly in September final…

[ad_1] The Samsung flag and Korea’s nationwide flag wave at Samsung Electronics’ workplace in Seocho District, Seoul, Thursday. YonhapSamsung Electronics reported a strong restoration in its 2025 earnings, posting record-high quarterly working revenue and annual income.The restoration got here as its semiconductor enterprise gained traction from hovering demand for reminiscence chips pushed by the fast enlargement of synthetic intelligence (AI), based on the corporate Thursday.To additional speed up the present reminiscence momentum, the corporate stated it would start mass shipments of high-bandwidth reminiscence 4 (HBM4) subsequent month and begin buyer sampling of next-generation HBM4E in the midst of this 12…

[ad_1] SK Hynix Icheon Plant overview (Picture courtesy of SK Hynix) SK Hynix, which has maintained its main place within the excessive bandwidth reminiscence (HBM) market, has expressed confidence that it’ll keep an awesome hole within the next-generation HBM4 market as nicely. The corporate anticipated that regardless of the latest continued surge in reminiscence costs, provide shortages will persist and stock shortages will proceed till the top of the 12 months. SK Hynix made this announcement throughout an earnings convention name for the fourth quarter of final 12 months held on Jan. 29. An…

[ad_1] Kim Seon-ho / Captured from Kim’s social mediaActor Kim Seon-ho is drawing consideration not only for his newest Netflix collection, however for the quietly polished outfits worn by his character which have followers dissecting each element.On Jan. 28, Kim shared a number of images and movies from the filming website of “Can This Love Be Translated?” on his private social media account, posting solely a brief caption that learn, “Oro~ra~ah~~” — possible in reference to the aurora the solid reportedly noticed whereas filming in Alberta, Canada.Kim Seon-ho / Captured from Kim’s social mediaWithin the pictures, Kim wears an outfit…

[ad_1] President Lee Jae Myung speaks at a New Yr press convention held on the Cheong Wa Dae guesthouse on Jan. 21. (Captured from Channel A) President Lee Jae-myung has emphasised the necessity to delist failing corporations from the inventory market, likening the inventory alternate to a division retailer. In a posting on his X (previously Twitter) account on Jan. 29, Lee referred to the plans for capital market vitalization mentioned on the expanded joint macroeconomic and monetary assembly of associated businesses. “The inventory alternate is a type of division retailer. If it is…

[ad_1] Finance Minister Koo Yun-cheol speaks throughout a gathering of ministers associated to actual property coverage on the authorities complicated in Seoul, Thursday. YonhapThe federal government will provide a further 60,000 housing models within the Seoul metropolitan space principally for younger folks and newly married {couples}, Finance Minister Koo Yun-cheol mentioned Thursday.The most recent housing provide measures for Seoul and neighboring Gyeonggi Province construct on the federal government’s pledge made in September to assemble greater than 1.35 million properties nationwide by 2030.”The federal government plans to swiftly present a complete of 60,000 housing models by using idle land in central…

[ad_1] Financial institution of Korea’s headquarters in central Seoul / Korea Occasions fileThe central financial institution mentioned Thursday it has designated 5 main business banks, the state-run Korea Growth Financial institution (KDB) and JP Morgan Chase as international trade (FX) main banks for 2026.KB Kookmin, NH NongHyup, Shinhan, Woori and Hana Financial institution, together with KDB and JP Morgan, have been chosen based mostly on monetary soundness, creditworthiness and robust efficiency in won-dollar spot and international trade swap transactions, the BOK mentioned.The chosen banks are eligible for a discount of as much as 60 p.c within the FX stability levy.”In…

[ad_1] House complexes in downtown Seoul considered from Namsan, Monday / Yonhap The variety of Koreans shifting to new residences throughout the nation fell to a 51-year low in 2025, weighed down by sluggish housing transactions and demographic adjustments, authorities information confirmed Thursday.About 6.12 million individuals modified residences final 12 months, down 2.6 % from the earlier 12 months, based on the Ministry of Statistics and Knowledge. The determine marked the bottom degree since 1974, when 5.29 million individuals relocated.The ministry mentioned inhabitants mobility has been declining over the long run attributable to low beginning charges and speedy inhabitants growing…

[ad_1] Singer and actor Cha Eun-woo, lengthy marketed as Okay-pop’s final “good picture” star, is going through mounting fallout after being swept up in allegations involving roughly 20 billion gained ($15 million) in unpaid taxes. Whereas the tax invoice has not but been finalized, the controversy is already rippling by way of the promoting world and casting uncertainty over his upcoming tasks.A number of manufacturers Cha fronts as a mannequin have begun quietly distancing themselves from the star. Trend label Marithé François Girbaud has adjusted Cha’s pictures and movies to non-public on its official social media accounts. Earlier, skincare model…