Author: Seoul Reporter

Financial institution of Korea Governor Rhee Chang-yong speaks throughout a press briefing on the Financial institution of Korea in Jung-gu, Seoul on Jan. 15. (Captured from the Financial institution of Korea YouTube channel) Financial institution of Korea Governor Rhee Chang-yong refuted the view that the current rise within the won-dollar trade charge is because of the deterioration of Korea’s financial fundamentals. His clarification is that supply-demand components, together with international greenback power and yen weak point as exterior components, plus the growth of abroad inventory investments by particular person buyers, have pushed up the trade charge. …

Three weeks of large-scale protests in Iran, met with a lethal authorities crackdown, have pushed the nation into disaster on a scale not often seen because the Islamic revolution of 1979.Triggered by worsening financial circumstances and a collapse of the Iranian rial, the protests swiftly developed to embody various streams of discontent, together with widespread requires an finish to the Islamic republic.

A rendered picture of the Yongin Semiconductor Cluster being developed in Yongin Metropolis, Gyeonggi Province (Picture courtesy of SK Hynix) The federal government-promoted Yongin Superior System Semiconductor Cluster improvement challenge has cleared a authorized impediment. This comes because the courtroom sided with the federal government in a lawsuit filed by environmental teams in search of to invalidate the economic complicated plan approval. The 14th Division of Seoul Administrative Courtroom dominated on Jan. 15 to dismiss all claims by the plaintiffs and rendered a judgment towards the plaintiffs within the lawsuit filed by environmental teams and others towards…

Russian President Vladimir Putin speaks throughout a ceremony to obtain credentials from newly arrived ambassadors on the Alexander Corridor of the Grand Kremlin Palace in Moscow, Russia, Thursday. AP-Yonhap Russian President Vladimir Putin mentioned Thursday that he hopes to revive relations between his nation and South Korea, based on a information report.Putin made the comment throughout a credentials presenting ceremony with new ambassadors to Moscow, together with Seoul’s high envoy Lee Sok-bae.”Sadly, a lot of the optimistic capital in our interplay with the Republic of Korea has been squandered,” Russia’s RIA Novosti quoted him as saying. “But, prior to now,…

Federal brokers stand guard after deploying tear gasoline as group members protest after federal regulation enforcement brokers had been concerned in a taking pictures incident, per week after a U.S. Immigration and Customs Enforcement (ICE) agent fatally shot Renee Nicole Good in Minneapolis, Minnesota, Wednesday. Reuters-YonhapMINNEAPOLIS — President Donald Trump on Thursday threatened to invoke the Rebel Act and deploy troops to quell persistent protests towards the federal officers despatched to Minneapolis to implement his administration’s huge immigration crackdown.The risk comes a day after a person was shot and wounded by an immigration officer who had been attacked with a…

Prime Minister Sanae Takaichi of Japan (left) shakes palms with President Lee Jae Myung of South Korea throughout a go to to the Horyu Temple in Japan’s Nara Prefecture on Jan. 14, 2026. (Yonhap) South Korean President Lee Jae Myung wrapped up his two-day go to to Japan on Wednesday with a pleasant outing to the historic Horyu Temple with Japanese Prime Minister Sanae Takaichi. Lee’s go to to Japan is being touted as having positioned South Korea-Japan shuttle diplomacy again on a wholesome trajectory, whereas additionally upgrading the extent of belief between the 2 nations. Nonetheless, a lot work stays to…

Yoon Suk-yeol, Kim Yong-hyun and 5 others on trial for his or her roles within the martial regulation disaster of Dec. 3, 2024, seem in Room 417 of the Seoul Central District Court docket for the ultimate listening to of their trial on Jan. 13, 2026. (courtesy of the Seoul Central District Court docket) Closing arguments for all main legal trials associated to Korea’s 2024 martial regulation disaster have concluded, with prosecutors finally requesting the dying penalty for former President Yoon Suk-yeol on costs of orchestrating and main an riot. Verdicts shall be reached for key defendants on trial for…

Samsung Electronics will collectively develop a next-generation garments dryer tailor-made to U.S. housing situations in collaboration with U.S. nationwide laboratories and universities. (Picture courtesy of Samsung Electronics) Samsung Electronics stated on Jan. 15 that its analysis mission on next-generation clothes-drying expertise has been chosen as an formally supported mission by the U.S. Division of Vitality. The South Korean tech big will lead the mission in collaboration with main U.S. analysis establishments, together with the nation’s largest nationwide laboratory. The mission goals to use high-efficiency moisture-absorbing supplies, referred to as desiccants, to garments dryers, enabling them…

A rendering of LSCMX LS Cable & System introduced on January. 15 that it’s going to make investments roughly 230 billion received in LSCMX, its manufacturing subsidiary within the central Mexican state of Querétaro, to ascertain an built-in manufacturing base for energy infrastructure and mobility elements focusing on the North American market. The core of this funding is to raise LSCMX from a easy manufacturing base into an ‘built-in hub for the Americas’ that merges its vitality and mobility companies. To this finish, LS Cable & System plans to considerably develop its current Busduct services…

Late taekwondo grasp Rhee Jhoon-goo / Korea Instances fileThe Abroad Koreans Company mentioned Thursday that late taekwondo grasp Rhee Jhoon-goo has been named abroad Korean of the month in recognition of his function in globalizing taekwondo and advancing Korea-U.S. sports activities diplomacy.Rhee, broadly thought to be the one who first established taekwondo within the U.S., helped elevate the martial artwork past self-defense right into a software for cultural trade, diplomacy and worldwide sports activities engagement.Born in 1932 in Asan, South Chungcheong Province, Rhee was first launched to taekwondo at age 16 by the Chung Do Kwan, one in all Korea’s…