Author: Seoul Reporter

[ad_1] A peer-to-peer gross sales itemizing of 10 $100 payments for 1.49 million gained / Captured picture from Danggeun Market web siteThe weakening gained is prompting Koreans to pursue peer-to-peer international foreign money trades, in a bid to attenuate prices from excessive trade charges and financial institution fee charges, in accordance with market watchers Wednesday.These transactions primarily happen in on-line secondhand marketplaces, such because the Danggeun app, in addition to on-line communities initially supposed for sharing country-specific journey ideas.The currencies traded vary from the U.S. greenback, euro and Chinese language yuan to lower-demand models reminiscent of Thai baht, reflecting the…

[ad_1] Cha Eun-woo on “The Day’s Navy Tales,” a sequence from KFN / Captured from KFN YouTube channelSinger actor Cha Eun-woo, not too long ago embroiled in tax evasion allegations totaling 20 billion gained ($14 million), is dealing with fallout within the public sector, because the army has begun eradicating movies that includes him from its platforms.The transfer by the Ministry of Nationwide Protection, which extensively used Cha in public relations campaigns up to now, is seen as an try to distance itself from the star amid rising public backlash over the allegations.On Wednesday, the Protection Media Company deleted all…

[ad_1] President Lee Jae Myung listens to remarks from members throughout a gathering with foreign-invested corporations at Cheong Wa Dae in Seoul, Wednesday. Joint Press CorpsPresident Lee Jae Myung urged international traders Wednesday to belief the Korean authorities and the nation’s financial fundamentals, reaffirming his administration’s dedication to bettering circumstances for international capital.He made the remarks at a gathering with executives from foreign-invested corporations at Cheong Wa Dae, as Korea faces tariff strain from america and fallout from an investigation into a large private knowledge breach at Coupang, which is headquartered in america. The occasion was meant to present the…

[ad_1] Staff assemble the Olympic Brazier on the Arco della Tempo in Milan in preparation for the opening ceremony of the Olympic Winter Video games Milano Cortina 2026, in Milan, Tuesday. EPA-YonhapMILAN — Information {that a} unit of U.S. Immigration and Customs Enforcement can be current in the course of the upcoming Winter Video games has set off concern and confusion in Italy, the place folks have expressed outrage on the inclusion of an company that has dominated headlines for main the Trump administration’s immigration crackdown.Homeland Safety Investigations, a unit inside ICE that focuses on cross-border crimes, often sends its…

[ad_1] South Korean troopers and United Nations Command troopers stand guard close to the army demarcation line separating the 2 Koreas on the Joint Safety Space of the demilitarized zone within the truce village of Panmunjeom, Oct. 4, 2022. AFP-YonhapThe U.S.-led United Nations Command (UNC) reasserted its authority Wednesday over the skinny, landmine-strewn strip separating the 2 Koreas, signaling a widening rift with South Korea’s ruling social gathering and the Ministry of Unification over who controls entry to the demilitarized zone.”The substantive provisions inside the Armistice Settlement make it clear that the UNC commander is liable for army and civil…

[ad_1] Headquarters of Hyundai Motor and Kia in Seoul / Courtesy of Hyundai Motor GroupKia’s 2025 earnings fell sharply on sustained strain from a 25 p.c auto tariff in america, the carmaker stated Wednesday.In a regulatory submitting, the carmaker reported strong gross sales of 114.1 trillion received ($80 billion) final 12 months, up 6.2 p.c from the earlier 12 months. Its working revenue, nonetheless, plunged 28.3 p.c to 9 trillion received throughout the identical interval.The earnings fall was extensively attributable to the tariffs. The U.S. began imposing the 25 p.c tariff on Korean carmakers in April final 12 months, and…

[ad_1] Kia Corp. head workplace in Yangjae-dong, southern Seoul (Picture courtesy of Kia Corp.) Regardless of file gross sales, Kia’s working revenue considerably decreased final yr because of the aftermath of U.S. tariffs. Kia introduced on Jan. 28 that its annual working revenue final yr was 9.0781 trillion received, a lower of 28.3% in comparison with the earlier yr. Income recorded a file excessive of 114.1409 trillion received, whereas the working revenue margin was 8.0%, down 3.8 share factors (p) from a yr in the past. Annual international wholesale gross sales quantity elevated…

[ad_1] A scene from “Can This Love Be Translated?” / Courtesy of NetflixIn its second week since launch, the romantic comedy “Can This Love Be Translated?” topped Netflix’s weekly non-English sequence chart and ranked within the High 10 in 60 international locations. Starring Kim Seon-ho as Joo Ho-Jin and Go Youn-jung as Cha Mu-hee, the drama follows a romance that unfolds throughout languages and cultures.Because the sequence attracts consideration from international audiences, its filming places have develop into a focal point. Whereas the sequence options scenes that have been really filmed abroad, some places that look like overseas have been…

[ad_1] Lee Eok-won, chairman of the Monetary Companies Fee (Captured from Yonhapnews TV) Samsung Electronics leverage (2X) exchange-traded funds (ETFs), which had been beforehand solely accessible for funding in abroad inventory markets, will now be doable within the home market as properly. Laws on lively ETFs, which confronted issue in differentiation as a result of excessively excessive correlation coefficient rules with benchmark indices, are additionally anticipated to be relaxed. Chairman of the Monetary Companies Fee Lee Eok-won made this announcement at a month-to-month assembly with the press corps held on the Authorities Complicated Seoul on…

[ad_1] Korean staff have lowered their work hours by 17.8 p.c with the assistance of generative AI platforms, a ballot confirmed Wednesday, with greater than half of them utilizing such instruments of their every day work.In line with a ballot of three,000 wage staff aged 20 and older carried out by the Korea Chamber of Commerce and Trade (KCCI), generative AI instruments helped staff reduce their work hours by a mean of 8.4 hours per week.Some 56 p.c of respondents mentioned they use AI instruments of their every day work, with workers within the data and telecommunications trade recording the…