Author: Seoul Reporter

[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…

[ad_1] U.S. Federal Reserve Chair Jerome Powell holds a press convention on the U.S. Federal Reserve constructing in Washington DC, Wednesday (native time). UPI-Yonhap Uncertainty over the trail of the US’ financial coverage is anticipated to persist, although markets have remained broadly secure following the Federal Reserve’s newest rate of interest choice, a senior official of the Korean central financial institution mentioned Thursday.On Wednesday (U.S. time), the Fed saved its benchmark rate of interest unchanged on the 3.5-3.75 % vary following three successive cuts since September, a call that may proceed to place the hole between the important thing charges…

[ad_1] Britain’s Prime Minister Keir Starmer speaks throughout a gathering with Chinese language President Xi Jinping (not pictured) on the Nice Corridor of the Folks in Beijing, China, Jan. 29. Reuters-YonhapBEIJING — The leaders of China and the U.Ok. had been assembly Thursday as the 2 nations attempt to enhance relations after a number of years of acrimony.Keir Starmer, the primary British prime minister to go to in eight years, was holding talks with China’s chief Xi Jinping within the Nice Corridor of the Folks in central Beijing. The 2 international locations are anticipated to signal quite a lot of…

[ad_1] A mannequin of an energetic electronically scanned array radar to be developed for deployment on KF-21 fighter jets / Courtesy of Company for Protection Growth (ADD)A state protection growth company mentioned Thursday it should launch a testing part for a sophisticated radar system below growth for installations on KF-21 fighter jets in a bid to allow air, floor and maritime missions.The announcement was made because the Company for Protection Growth (ADD) held a gathering to launch the analysis part for the energetic electronically scanned array radar (AESA), together with the protection ministry, the state arms procurement company and different…

[ad_1] HD Hyundai Chairman Chung Ki-sun, left, and Indian Prime Minister Narendra Modi HD Hyundai Chairman Chung Ki-sun met with Indian Prime Minister Narendra Modi on Wednesday to debate methods to develop bilateral cooperation in shipbuilding and associated industries, the corporate stated.Chung and HD Korea Shipbuilding & Offshore Engineering CEO Kim Hyung-kwan attended a high-level roundtable hosted by Modi on the prime minister’s official residence in New Delhi. The assembly was held on the sidelines of India Vitality Week 2026.The roundtable introduced collectively round 30 individuals, together with Modi, senior Indian authorities officers, heads of state-owned enterprises and chief executives…

[ad_1] A Samsung Group flag flutters in entrance of the headquarters of Samsung Electronics in Seocho-dong, Seoul. (Courtesy of Samsung Electronics) Samsung Electronics, pushed by a growth in its reminiscence enterprise, surpassed 20 trillion gained in working revenue for the primary time within the fourth quarter of final 12 months. Samsung Electronics is the primary home firm to exceed 20 trillion gained in working revenue in a single quarter. Particularly, the working revenue of the Gadget Options (DS) Division, which manages the semiconductor enterprise, led the robust efficiency by growing over 460% in a single 12…

A techno event marketed as a celebration of empowerment, integrity, and “woman power” is now facing backlash after the inclusion of Silverstar Oh (오은별), a figure whose public reputation has long been entangled with scandal, controversy, and repeated crimes involving drugs, prostitution, and financial exploitation. The event, WOMAN POWER TECH, scheduled for February 6, 2026 at Club The Seoul in Itaewon, presents itself as a night dedicated to strong female identity, artistic narrative, and uncompromising energy. Yet one booking choice threatens to overshadow the entire message. That choice is Silverstar Oh. A Booking That Undermines the Event’s Core Message “Woman…