Author: Seoul Reporter

[ad_1] The ruling Democratic Social gathering of Korea’s police committee chair Rep. Han Jeoung-ae, left, and Land Minister Kim Yun-duk, attend a gathering on the housing provide on the Nationwide Meeting in Seoul, Thursday. YonhapLand Minister Kim Yun-duk mentioned Thursday the federal government will swiftly broaden the house provide for younger individuals and newly married {couples} within the Seoul metropolitan space as a part of efforts to stabilize the overheated actual property market.Kim made the remarks throughout a session between the ruling Democratic Social gathering of Korea (DPK) and the federal government on the Nationwide Meeting, the place the 2…

[ad_1] A Tesla service heart in Los Angeles, California, U.S., Nov. 6. Reuters-YonhapNEW YORK — Tesla’s annual revenue plunged to its lowest stage because the pandemic 5 years in the past because it misplaced the title of the world’s greatest electrical car maker to a Chinese language rival and boycotts hammered gross sales.The EV firm run by Elon Musk reported Wednesday that web revenue final 12 months dropped 46 % to $3.8 billion. It was the second 12 months in a row of steep declines. The drop got here regardless of the introduction of cheaper fashions and Musk’s promise to…

[ad_1] A researcher at SK Bioscience conducts an experiemnt on the firm’s lab. (Photograph courtesy of SK Bioscience) SK Bioscience introduced on Jan. 29 the initiation of a world Part 1/2 scientific trial in Australia for GBP511, a vaccine candidate focusing on the sarbecovirus subgenus. Sarbecoviruses are a higher-level coronavirus group that embrace SARS-CoV-2, encompassing not solely presently circulating variants but in addition potential future novel coronaviruses associated SARS-like coronaviruses present in animals that might probably spill over to people. SK Bioscience goals to develop a common vaccine able to inducing broad immune responses throughout…

[ad_1] An agricultural equipment truthful held in Pyongyang, Dec. 20. 2025, on this photograph revealed by the Korean Central Information Company. YonhapNorth Korea has held a Cupboard assembly to evaluate final yr’s agricultural output and resolve to satisfy this yr’s manufacturing goal, the North’s essential newspaper mentioned Thursday, because the nation is getting ready for a key occasion congress.The 2025 agriculture evaluation assembly was held just about from Tuesday to Wednesday and overseen by Premier Pak Thae-song, occasion secretary Jo Yong-won and Vice Premier Ri Chol-man, who additionally serves as chair of the agricultural committee, in line with the Rodong…

[ad_1] Samsung brand is displayed at Samsung Electronics’ workplace in Seocho District, Seoul, Jan. 8. YonhapSamsung Electronics stated Thursday it posted 20.1 trillion received ($14.03 billion) in working revenue and 93.8 trillion received ($65.48 billion) in gross sales within the fourth quarter of 2025, marking a brand new quarterly excessive.Working revenue surged 209.17 %, whereas gross sales jumped 23.82 % from a 12 months earlier.On an annual foundation, the corporate’s working revenue reached 43.6 trillion received and gross sales stood at 333.6 trillion received, representing year-on-year development of 33.23 % and 10.88 %, respectively. It was the best annual income…

[ad_1] View of the refinery El Palito in Puerto Cabello, Carabobo state, Venezuela on Jan. 11. AFP-YonhapWASHINGTON — The Trump administration quickly will enable Venezuela to promote oil now topic to U.S. sanctions, with the income initially devoted to primary authorities companies corresponding to policing and well being care and topic to Washington’s oversight, Secretary of State Marco Rubio mentioned Wednesday.America will retain management within the brief time period to make sure the oil income is used to stabilize Venezuela, Rubio mentioned at a Senate International Relations Committee listening to.“The funds from that can be deposited into an account that…

[ad_1] Korea’s revised Primary Act on the Improvement of Synthetic Intelligence (AI) and the Institution of Basis for Trustworthiness, often known as the AI Primary Act, took impact on Jan. 22 because the world’s first complete authorized framework for AI.With the broad new obligations on corporations that develop or deploy AI applied sciences, business gamers are scrambling to interpret the brand new laws, amid rising considerations over its imprecise requirements and rising uncertainty in regards to the enterprise dangers they might set off.The laws search to stability AI innovation with security and public belief in AI, making a nationwide governance…

[ad_1] U.S. President Donald Trump (White Home) U.S. President Donald Trump stated on Jan. 27 (native time) that his administration would work out an answer with South Korea, concerning his plan introduced the day gone by to lift tariffs on South Korean merchandise from 15% to 25%. Based on Yonhap Information, when requested by reporters “Are you going to lift tariffs on South Korea?” earlier than departing from the White Home for an occasion in Iowa, Trump responded, “We are going to work out an answer.”  The response is interpreted as leaving room to withdraw the tariff…

[ad_1] Iranian President Hassan Rouhani, proper, receives North Korea’s Overseas Minister Ri Yong Ho throughout their assembly in Tehran, Aug. 8, 2018. AFP-Yonhap Iran’s new ambassador to North Korea has taken workplace after presenting his letter of credence, the North’s state media reported Thursday.Choe Ryong-hae, chairman of the standing committee of North Korea’s parliament, obtained the credentials of latest Iranian Ambassador Abbas Talebifar, despatched by Iranian President Masoud Pezeshkian to North Korean chief Kim Jong-un, the day past, the Korean Central Information Company (KCNA) mentioned.Choe and Talebifar subsequently held talks, with Vice Overseas Minister Pak Sang-gil and members of the…

[ad_1] View of the facade as building continues on the Federal Reserve Board constructing in Washington D.C., Sept. 17, 2025. Reuters-YonhapWASHINGTON — The U.S. Federal Reserve held rates of interest regular Wednesday at its first coverage gathering this 12 months, citing sturdy financial progress, because the central financial institution resists President Donald Trump’s mounting strain for cuts. The Fed’s 10-2 vote maintains charges at a spread between 3.50 % and three.75 %, an consequence that was extensively anticipated as officers await extra information on the world’s largest financial system.In a press release on its determination, policymakers flagged that financial exercise…