Author: Seoul Reporter

[ad_1] Volvo Automotive Korea CEO Lee Yun-mo / Courtesy of Volvo Automotive KoreaVolvo Automotive Korea, Jaguar Land Rover Korea and two different automobile importers will voluntarily recall greater than 55,000 imported automobiles bought in South Korea as a consequence of manufacturing defects, the transport ministry stated Thursday.The 4 firms, together with GS International and Ford Gross sales & Service Korea, will recall a mixed 55,178 items throughout 11 fashions, based on the ministry.Amongst them, 50,434 automobiles from seven Volvo fashions, together with the XC60, are being recalled as a consequence of a defect within the computerized emergency braking sensor. GS…

[ad_1] U.S. Treasury Secretary Scott Bessent speaks throughout a press convention to unveil the official Trump Accounts web site, on the Treasury Division in Washington, D.C., U.S., December 17, 2025. REUTERS The greenback posted its largest achieve since final November following U.S. Treasury Secretary Scott Bessent’s assertion on Jan. 28 (native time) that “America has a powerful greenback coverage.” Earlier, U.S. President Donald Trump had deepened the greenback’s decline by saying that the worth of the greenback was “nice,” when requested if he thought it had declined an excessive amount of. Trump’s response was perceived as his…

[ad_1] Signage is seen in entrance of Samsung Electronics’ head workplace in Seocho-dong, Seoul. (Photograph courtesy of Samsung Electronics) Samsung Electronics introduced on Jan. 29 that it’ll pay a particular dividend value 1.3 trillion gained for the fourth quarter of 2025, because it surpassed 20 trillion gained in quarterly working revenue for the primary time in its historical past. Underneath its shareholder return coverage for 2024-2026, Samsung Electronics has been paying a complete of 9.8 trillion gained in money dividends yearly, which quantities to roughly 2.45 trillion gained per quarter. With this particular year-end dividend, the…

[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…