Author: Seoul Reporter
The Seoul Reporter is an independent news platform uncovering untold stories from the heart of Korea. Our team of journalists and contributors expose corruption, highlight innovation, and bring unfiltered truth to readers worldwide from Seoul’s power corridors to its underground culture.
[ad_1] Guests watch Atlas carry out meeting work on the Hyundai Motor Group exhibition corridor positioned within the West Corridor of the Las Vegas Conference Middle in the USA on Jan. 6 (native time). (Photograph courtesy of Hyundai Motor Group) As Hyundai Motor Group introduced plans to deploy Atlas, the humanoid robotic from its subsidiary Boston Dynamics, into manufacturing unit operations, the Hyundai Motor union has launched full-scale opposition, citing threats to employment. Ought to the Hyundai Motor union proceed to strike utilizing this as a pretext, it will mark the primary time in roughly one…
[ad_1] Gold bars (Reuters) Worldwide gold costs exceeded $5,000 per ounce for the primary time in historical past. Reuters reported that as of Korean time Jan. 26 8:04 AM (Greenwich Customary Time Jan. 25 11:04 PM), worldwide gold spot costs recorded $5,019.85 per ounce, up 0.75% from the earlier session, breaking by way of $5,000. February supply gold futures costs confirmed $5,020.60 on the identical time, up 0.84%. Gold costs, as a safe-haven asset, rose about 65% final 12 months and are exhibiting an upward pattern this 12 months as properly because of…
[ad_1] A taxi driver will get out of his automotive after it turns into caught within the snow at Columbus Circle throughout a snowstorm on Sunday in New York Metropolis. An enormous winter storm is bringing frigid temperatures, ice, and snow to almost 200 million People. Getty Pictures by way of AFP-YonhapTens of thousands and thousands of People had been digging out on a bitterly chilly Monday within the aftermath of a monster winter storm that dumped a foot of snow from New Mexico to New England, paralyzed a lot of the jap United States, prompted at the least 18…
[ad_1] An Atlas robotic stands on stage throughout a Hyundai and Boston Dynamics press convention forward of the CES tech present in Las Vegas, Jan. 5 (native time). AP-YonhapBattle over robots managed by synthetic intelligence (AI) is now not a situation within the distant future for Korea. It’s unfolding in actual time, as adjustments to the nation’s labor regulation give unions new leverage over how shortly and extensively corporations can substitute human staff with machines.Consultants say the not too long ago enacted pro-labor “yellow envelope regulation” set to take impact in March could sluggish the transition to robotic labor. The…
[ad_1] Kang Hun-sik, chief of employees to President Lee Jae Myung, holds a information convention at Incheon Worldwide Airport on Jan. 26 earlier than departing for Canada. (Captured from KBS) Kang Hun-sik, chief of employees to the President, who leads the Lee Jae Myung administration’s protection gross sales diplomacy, launched into a journey on Jan. 26 to safe orders for Canada’s 60 trillion won-scale patrol submarine venture (CPSP). Amid a fierce two-way competitors with Germany, the Korean authorities goals to pursue a last-minute turnaround by placing ahead complete financial and safety cooperation that goes past easy weapons gross…
[ad_1] This photograph offered by the U.S. Navy exhibits sailors making ready a Boeing EA-18G Growler on the flight deck of the Nimitz-class plane service USS Abraham Lincoln within the Indian Ocean on Jan. 21. U.S. Navy by way of AP-YonhapWASHINGTON — The plane service USS Abraham Lincoln and three accompanying warships have arrived within the Center East, bringing a renewed potential that President Donald Trump may decide to order airstrikes on Iran over its crackdown on protesters.The service, together with three destroyers, “is at the moment deployed to the Center East to advertise regional safety and stability,” U.S. Central…
[ad_1] Lee Eok-won (fourth from proper), chairman of the Monetary Companies Fee, and different attendees unveil a commemorative plaque on the New Leap Fund launch ceremony held on the Press Heart in Jung-gu, Seoul on Oct. 1 final yr. (Captured from KBS) Because the “New Leap Fund” accelerates the write-off of delinquent bonds, the life insurance coverage business additionally determined that the highest 5 life insurance coverage corporations will bear greater than 65% of the 20 billion gained contribution allocation. In response to monetary circles on Jan. 26, the Life Insurance coverage Affiliation Board of…
[ad_1] Samsung Electronics’ head workplace in Secho-gu, Seoul (Photograph courtesy of Samsung Electronics) Samsung Electronics introduced on Jan. 26 that it’ll present roughly 1,152,022 treasury shares to about 1,000 Samsung Electronics executives, together with Jeon Younger-hyun, DS Division head (Vice Chairman), as contracted beneath the 2024 Outperformance Incentive (OPI). The quantity totals 175,222,546,200 received (152,100 received per frequent share), and the disposal counterparts are 1,051 Samsung Electronics executives. Samsung Electronics said the aim of the disposal, saying “That is to supply the contracted variety of treasury shares as a part of the 2024 efficiency…
[ad_1] Individuals take a look at gold jewelleries as they stand outdoors a jewelry store on the Grand Bazaar in Istanbul, Turkey, on Jan. 26. Reuters-Yonhap Gold costs marched to report ranges above $5,100 on Monday, as traders sought a secure haven amid worldwide political pressure, and silver and platinum additionally scaled all-time highs.Spot gold was up 1.9 p.c at $5,076.43 an oz. by 11:37 a.m. ET (1637 GMT) after hitting a report $5,110.50. U.S. gold futures for February supply gained 1.9 p.c to $5,074.10.”Gold costs proceed to be supported by elevated geopolitical and financial uncertainty. Central banks stay sturdy…
[ad_1] HUAWEI WATCH FIT 4 Professional (Supply: Huawei Korea) Huawei Korea introduced on January 26 that it might formally launch two fashions of the ‘HUAWEI WATCH FIT 4 Collection,’ which boasts the thinnest and strongest efficiency amongst its smartwatch lineup, together with the wi-fi earphones ‘HUAWEI FreeBuds SE 4 ANC’ within the home market. This marks the primary time Huawei has unveiled a PRO mannequin within the Watch Match sequence. The HUAWEI WATCH FIT 4 Collection is characterised by combining subtle look with numerous sports activities capabilities based mostly on the ‘Trend Lively’ design philosophy.…