Author: Seoul Reporter

[ad_1] Coupang’s headquarters in Seoul. (Ryu Woo-jong/Hankyoreh) Korean police investigating the leak of shoppers’ private data at Coupang, the nation’s main on-line retailer, stated the information breach affected greater than 30 million consumer accounts. In impact, the police plan to use prison costs to the leak of all 30 million accounts, and never simply the three,000 accounts talked about within the findings of Coupang’s inner probe.“We’ve practically wrapped up our investigation into the leak of private data [at Coupang]. Whereas we haven’t formally closed the investigation, [information was leaked] from round 30 million accounts,” stated Park Jeong-bo, the chief of…

[ad_1] Securities companies are concentrated in Seoul’s monetary district of Yeouido, Dec. 24, 2025. YonhapKim, a retail investor, says he’s contemplating whether or not to change to a distinct brokerage home providing a decrease rate of interest than his present brokerage, the place he took out loans to spend money on the bullish home inventory market.“Firms used to supply comparatively comparable charges, however more and more they compete to supply higher charges which are very tempting for small traders who use borrowed cash to purchase shares and need to decrease curiosity prices,” Kim mentioned, declining to supply additional particulars.Kim’s case…

[ad_1] Lawmakers of the ruling Democratic Get together of Korea submit a particular invoice to facilitate Korea’s funding in the US underneath a bilateral tariff deal within the Nationwide Meeting, Seoul, Nov. 26. Joint Press CorpsThe federal government will intently talk with the US over the continuing legislative progress on a particular invoice to help Seoul’s funding plans within the U.S., the finance ministry stated Tuesday, shortly after U.S. President Donald Trump made a shock announcement to lift reciprocal tariffs and auto duties for Korea.”We’re at present working to gauge the intentions of the U.S. facet,” the Ministry of Financial…

[ad_1] Folks mourn at a makeshift memorial within the space the place Alex Pretti was shot useless by federal immigration brokers in Minneapolis, Minnesota, Monday. AFP-YonhapWASHINGTON — President Donald Trump shifted towards a extra conciliatory strategy with Democratic leaders in Minnesota on Monday, a sudden change in tack following an outcry over the second deadly taking pictures by federal brokers within the state this month throughout the administration’s nationwide crackdown on undocumented immigrants.The about-face comes after Saturday’s taking pictures loss of life of Alex Pretti by federal brokers raised doubts — together with from some Republicans — over how the…

[ad_1] Former first woman Kim Keon Hee attends her corruption trial on the Seoul Central District Court docket, Dec. 3, 2025. Yonhap A court docket on Tuesday allowed dwell broadcasts of this week’s ruling on the corruption and bribery case of former first woman Kim Keon Hee.The Seoul Central District Court docket stated it accepted broadcasters’ request to air the decision, which will probably be delivered at a listening to scheduled for two:10 p.m. Wednesday.The court docket usually permits dwell broadcasts in consideration of the general public curiosity.Particular counsel Min Joong-ki’s staff has requested a 15-year jail time period for…

[ad_1] BYD Atto 3 SUV / Courtesy of BYDBYD Korea, the Korean unit of Chinese language electrical car (EV) maker BYD, stated Tuesday it seeks to promote over 10,000 automobiles right here this yr, marking a 64 % spike from its 2025 gross sales on expanded product lineup.In its first yr of operations in Korea in 2025, BYD Korea offered a complete of 6,107 passenger automobiles, in accordance with the corporate.”Whereas 2025 was a honeymoon interval throughout which BYD labored intently with its seller companions to put the groundwork, this yr will mark the primary yr of its full-fledged leap…

[ad_1] U.S. President Donald Trump (Reuters) Criticism is being raised that the federal government and ruling celebration pushed by contentious payments with their overwhelming parliamentary seats whereas crushing the “Particular Act on Strategic Funding Administration between Korea and america” (Korea-U.S. Funding Particular Act), which is immediately linked to nationwide pursuits, thereby inviting President Donald Trump’s tariff bomb. On Jan. 27, when President Trump declared he would elevate tariffs on Korean vehicles and different merchandise to 25%, the federal government and the ruling Democratic Occasion unexpectedly offered response measures to the Korea-U.S. Funding Particular Act. Rep.…

[ad_1] Officers of the Korea Alternate maintain a ceremony on the alternate in Yeouido, Seoul on Jan. 27 as KOSPI closed above the 5,000 stage for the primary time. (Picture courtesy of the Korea Alternate) KOSPI, which was launched in 1980, has reached the 5,000 milestone based mostly on closing value for the primary time in 46 years. The Korean inventory market has damaged by the “Korea Low cost” (undervaluation of Korean shares) and entered a “new index vary.” Regardless of short-term volatility on account of exterior variables, expectations for earnings enchancment led by semiconductor corporations…

[ad_1] The Ministry of Labor’s constructing on the Sejong Authorities Advanced / YonhapA particular counsel crew raided the labor ministry Tuesday as a part of its obligatory investigation into allegations of unpaid severance pay for Coupang workers.Particular counsel Ann Gweon-seob despatched prosecutors and investigators to the ministry’s headquarters within the central metropolis of Sejong within the morning to safe knowledge associated to its coverage pointers on Coupang’s severance pay dispute.Cellphones of some ministry officers in control of labor and retirement pay insurance policies have been seized, and the Seoul Regional Employment and Labor Workplace was additionally included within the search…

[ad_1] Kim Sung-hwan, Korea’s minister of local weather, vitality and atmosphere, pronounces plans for constructing further nuclear reactors within the nation alongside instructions for the twelfth Fundamental Plan for Lengthy-term Electrical energy Provide and Demand. (Yonhap) The South Korean authorities introduced plans to construct two new giant nuclear energy crops, amongst different amenities, following by way of on a plan established underneath the Yoon Suk-yeol administration. Beginning with website choice this 12 months, the objective is to finish development as early as 2037. After promising to broaden renewable vitality, the Lee Jae Myung administration is now pushing forward with plans to…