Author: Seoul Reporter

[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…

[ad_1] Costs of cryptocurrencies comparable to Bitcoin are displayed on an digital board at Upbit’s customer support heart in Seoul’s Gangnam District, Jan. 14. Yonhap Banks are pinning their hopes on regulatory easing as discussions resurface over loosening guidelines that restrict cryptocurrency exchanges to partnering with just one financial institution for deposit and withdrawal accounts, business officers mentioned Tuesday.Banks tied to smaller cryptocurrency exchanges are notably hopeful, as permitting a number of banking companions per trade may assist enhance demand deposit balances and entice new prospects.The prevailing framework has drawn criticism for making use of a uniform regulation that overlooks…

[ad_1] The primary constructing of Cheong Wa Dae / Joint Press Corps Questions are mounting over Seoul’s two-week silence after the USA despatched a proper letter urging South Korea to implement follow-up measures to a bilateral commerce settlement, a transfer now seen as a warning forward of President Donald Trump’s determination to lift tariffs on Korean items.In line with the federal government Tuesday, the letter known as for the swift implementation of commitments outlined in a joint Korea-U.S. truth sheet signed final November. It was despatched on Jan. 13 by James Heller, the U.S. cost d’affaires in Seoul, to Deputy…

[ad_1] Maksudur Rahman, 31, who escaped after preventing for the Russian military, reveals a Russian army canine tag throughout an interview with The Related Press in Lakshmipur, Bangladesh, Dec. 10, 2025. AP-YonhapLAKSHMIPUR, Bangladesh — A labor recruiter persuaded Maksudur Rahman to depart the tropical heat of his hometown in Bangladesh and journey hundreds of miles to frigid Russia for a job as a janitor.Inside weeks, he discovered himself on the entrance strains of Russia’s struggle in Ukraine.An Related Press investigation discovered that Bangladeshi staff had been lured to Russia underneath the false promise of civilian work, solely to be thrust…

[ad_1] President Lee Jae Myung, second from left, speaks throughout a Cupboard assembly at Cheong Wa Dae in Seoul, Tuesday. Yonhap The Cupboard on Tuesday authorised South Korea’s navy intelligence-sharing pact with Canada, a transfer to offer a authorized framework for nearer safety and protection trade cooperation between the 2 nations.The approval happened three months after President Lee Jae Myung and Canadian Prime Minister Mark Carney agreed on the deal throughout their summit in late October on the sidelines of the Asia-Pacific Financial Cooperation discussion board in Gyeongju.The settlement is aimed toward making it simpler for the 2 sides to…

[ad_1] Export-bound vehicles are parked at Pyeongtaek port in Gyeonggi Province, Tuesday. Yonhap Regardless of U.S. President Donald Trump’s menace Monday (native time) to impose contemporary tariffs, including uncertainty for Korean industries, the nation’s industrial sector and inventory market confirmed indicators of rising resilience to commerce strain from Washington.Analysts and trade officers mentioned Tuesday the most recent menace is more likely to be resolved within the brief time period, noting that Trump took problem with the sluggish progress in implementing the Korea-U.S. commerce settlement, which depends upon the home Korean political course of. Trade sources mentioned corporations more and more…

[ad_1] Guests look carefully on the portray “Chuseongbudo (The Sound of Autumn)” by the Joseon-era painter Kim Hong-do, which is a Nationwide Treasrue of Korea and a chunk from the Lee Kun-hee Assortment. A particular exhibition of the gathering opened at the Nationwide Museum of Asian Artwork (NMAA), a part of the Smithsonian Establishment in Washington, D.C., on Nov. 15 of final 12 months and closes on Feb. 1. (Captured from Channel A) Lee Jae-yong, chairman of Samsung Electronics, will meet U.S. Secretary of Commerce Howard Lutnick, who is taken into account the financial and commerce authority of…

[ad_1] It has been confirmed that SK Hynix will solely provide excessive bandwidth reminiscence (HBM) to Microsoft’s newest synthetic intelligence (AI) chip Maia 200. With Samsung Electronics signaling a counterattack within the HBM market this 12 months, and HBM demand increasing to firms utilizing proprietary AI semiconductors akin to Google and Amazon Net Providers (AWS), the 2 firms are anticipated to have interaction in fierce competitors to safe clients. In response to trade sources on Jan. 27, SK Hynix is reported to provide its newest product, HBM3E (fifth era), to the Maia 200…

[ad_1] Israeli girls hug in entrance of a banner with pictures of former hostages together with Israeli police officer Ran Gvili, whose stays have been discovered and recognized within the Gaza Strip in keeping with the Israeli navy, in Tel Aviv, Israel, Jan. 26. Reuters-YonhapJERUSALEM — Israel introduced residence the stays of the final hostage in Gaza on Monday, closing a painful chapter for the nation and clearing the best way for the following and tougher part of its ceasefire with Hamas.The subsequent step is prone to be the reopening of Gaza’s border with Egypt , enabling Palestinians to journey…

[ad_1] Counterfeit gadgets bearing native manufacturers seized by the Korea Customs Service final 12 months / Courtesy of Korea Customs Service Korea’s customs company stated Tuesday it has seized a complete of 117,000 gadgets of phony items bearing native manufacturers in its particular crackdown carried out final 12 months.Most of such counterfeit items, or 97.7 p.c, have been imported from China, whereas solely 2.2 p.c have been from Vietnam, in line with the Korea Customs Service.The gadgets included counterfeited cosmetics merchandise of native manufacturers, key chains of the megahit boy band BTS and pretend digital items of native corporations, akin…