Author: Seoul Reporter

Spotify secured a big milestone this quarter, reaching a complete of 700 million month-to-month energetic customers (MAUs) even after elevating subscription costs in key world markets. The streaming firm introduced its third-quarter earnings on Tuesday (native time), sharing an 11 % year-on-year improve in MAUs to 713 million. The service’s premium subscribers grew 12 % from the earlier 12 months to 281 million. The corporate reported quarterly income of 4.27 billion euros ($4.9 billion), a 7 % rise from the identical interval final 12 months, with working revenue reaching 582 million euros, reflecting a 43 % surge. Its internet revenue…

Members participate in an AI-themed occasion hosted by science YouTuber “Gue-do (orbit)” on the SK AI Summit at COEX in Gangnam-gu, Seoul on Nov. 3. (Photograph courtesy of SK Group) SK Group’s annual synthetic intelligence (AI) occasion SK AI Summit 2025 efficiently gathered a complete of 35,000 contributors, serving as a networking platform for home and worldwide business, academia, and analysis sectors. SK Group introduced on Nov. 5 that the SK AI Summit 2025, held over two days from Nov. 3-4 at COEX in Gangnam-gu, Seoul, attracted 78 corporations and organizations from 8 international locations and 35,000…

The brand of OpenAi (Reuters) The month-to-month new set up rely of OpenAI’s generative synthetic intelligence (AI) ChatGPT in South Korea fell under 1 million for the primary time in eight months. In response to Cell Index on Nov. 5, ChatGPT’s new installations final month have been tallied at 943,153. This represents a decline to two-thirds the extent in comparison with the earlier month of September this yr (1,348,320), when new installations dropped under 1 million for the primary time since February, marking an eight-month span. ChatGPT’s home new installations first exceeded 1 million with…

  Kim Keon Hee, spouse of former President Yoon Suk Yeol, arrives on the Seoul Central District Courtroom in Seocho District, Seoul, on Sept. 24 for the primary listening to in her trial on fees associated to inventory manipulation involving Deutsche Motors and allegations of receiving valuables from the Unification Church. [JOINT PRESS CORPS]   Kim Keon Hee, spouse of former President Yoon Suk Yeol, has admitted for the primary time that she acquired Chanel purses from a determine linked to the Unification Church shortly after the 2022 presidential election. Her authorized crew mentioned Wednesday that “Kim acknowledges receiving two…

Renault Korea and GM Korea are below rising stress to launch new automobiles, as an absence of recent fashions has led to a pointy decline of their gross sales, business knowledge confirmed Wednesday.Each corporations have lengthy been thought of two of the so-called mid-tier automakers in Korea by way of gross sales quantity, however their positions at the moment are being threatened by fast-rising manufacturers like Tesla and strong gross sales efficiency from different standard German luxurious automakers.Renault Korea knowledge reveals it offered 7,201 automobiles final month, down 42.2 % from the earlier 12 months.The sharp gross sales decline is…

Greater than half of Koreans mistrust the nationwide pension system, with most respondents viewing present contribution ranges as burdensome and opposing deliberate premium will increase, based on a survey launched Wednesday by the Korea Employers Federation (KEF).Within the survey, 55.7 p.c of respondents mentioned they don’t belief the Nationwide Pension Service, exceeding the 44.3 p.c who mentioned they do by 11.4 share factors.Mistrust was notably pronounced amongst youthful generations, with 69.2 p.c of respondents of their 20s and 74.7 p.c of their 30s saying they don’t belief the nationwide pension system. Solely these of their 50s and older confirmed increased…

A promotional picture for boy band Newbeat’s first EP, ″Louder Than Ever″ [BEAT INTERACTIVE]   100 rounds of choreography, 100 vocal takes per verse and a 100-kilometer (62-mile) march throughout Korea: Newbeat is taking the arduous highway — actually.    The rookie boy band is carving out a definite path for itself within the Ok-pop scene — normally outlined by its shiny perfection — all whereas eyeing the U.S. market with bright-eyed ambition.   “We’re a crew constructed on camaraderie,” mentioned member Jeon Yeo-yeo-jeong throughout an interview with the Korea JoongAng Day by day in western Seoul on Oct. 28, forward of the…

North Korea on Thursday denounced U.S. sanctions on Pyongyang over cybercrime-related cash laundering, vowing to reply in a corresponding method.The North’s response got here because the U.S. introduced Tuesday that it had imposed sanctions on eight North Korean people and two entities for his or her involvement in laundering cash stolen by means of illicit cyber actions.Kim Un-chol, North Korea’s vice overseas minister answerable for U.S. affairs, stated in a press release that Washington’s newest sanctions reveal its hostile coverage towards the North.”As the present U.S. administration has laid out its stance that it is going to be hostile to…

Revealed: 06 Nov. 2025, 00:00 Audio report: written by reporters, learn by AI   President Lee Jae Myung speaks throughout a Cupboard assembly on the presidential workplace in Yongsan, Seoul, on Nov. 4. [YONHAP]   The presidential workplace has concluded that the current Korea-U.S. tariff settlement doesn’t require ratification by the Nationwide Meeting. It argues that the memorandum of understanding (MOU) lacks legally binding pressure and due to this fact falls outdoors constitutional necessities. This stance is misguided.   Article 60 of the Structure requires the Nationwide Meeting to ratify treaties imposing vital monetary burdens on the state or its…

Financial institution of Korea Governor Rhee Chang-yong delivers a enterprise report in the course of the Nationwide Meeting’s Technique and Finance Committee’s audit of the Financial institution of Korea held on the Financial institution of Korea in Jung-gu, Seoul on Oct. 20. (Joint Press Corps) Financial institution of Korea Governor Rhee Chang-yong has known as for the secure institution of the risk-free benchmark price “KOFR” forward of subsequent 12 months’s inclusion within the World Authorities Bond Index (WGBI). On the opening ceremony of the “Convention for Brief-term Monetary Market Improvement and KOFR Activation” collectively hosted…