Author: Seoul Reporter

President Lee Jae Myung accredited Wednesday a 30-day extension of an ongoing particular counsel investigation into allegations surrounding former first woman Kim Keon Hee, his workplace mentioned.A crew, led by particular counsel Min Joong-ki, has been conducting an investigation into corruption and different fees involving Kim, together with her alleged involvement in a inventory manipulation scheme and meddling in candidate nominations for elections.Min’s crew had prolonged its investigation twice after commencing its 90-day probe on July 2. Underneath the particular counsel regulation, the investigation may be prolonged as much as 3 times, and the third and ultimate extension will enable…

US President Donald Trump shakes fingers with President Lee Jae Myung of South Korea at a welcome ceremony held on the Gyeongju Nationwide Museum on Oct. 29, 2025, forward of their bilateral summit. (courtesy of the presidential workplace) By Lee Bon-young, senior economics authorThis previous Monday, Nov. 17, marked the a hundred and twentieth anniversary of the signing of what’s recognized in Korea because the Eulsa Treaty, which made Korea a protectorate of Japan and set the stage for its colonization. On that day in 1905, the nobles of the Korean Empire who had vowed to guard their nation tucked…

Greater than 4 out of 10 small and medium-sized enterprises (SMEs) in Korea wish to rent extra international employees and see the utmost annual quota raised, a survey confirmed Wednesday.The survey, carried out by the Korea Employers Federation (KEF), comes as SMEs more and more battle to safe home labor, with greater than six out of 10 saying they depend on international employees to fill the hole.The ballot coated 312 firms with fewer than 300 staff within the manufacturing, development and repair sectors. These areas are closely reliant on guide labor and have been hiring international employees below the Employment…

The Korea Germany Community, or Alumninetzwerk Deutschland-Korea (ADeKo), signed a memorandum of understanding with the Embassy of Germany in Seoul on Wednesday to determine a pupil trade program aimed toward strengthening academic and cultural hyperlinks between the 2 nations. The ceremony, which occurred on the Nationwide Meeting, introduced collectively lawmakers Kim Hee-jung and Kim Younger-bae of the Korea-Germany Parliamentary Friendship Affiliation, German Ambassador Georg Schmidt, and ADeKo Chairman Kim Hyo-joon.Underneath the settlement, exchanges will start in 2026 with about 200 college students from 10 faculties participating in weeklong reciprocal visits. This system is predicted to develop to 1,000 college students…

Russian missile and drone assaults killed a minimum of 25 individuals in Ternopil, a metropolis in western Ukraine, and injured dozens extra in assaults throughout Ukraine, Ukrainian authorities mentioned Wednesday, and Poland scrambled fighter jets in response to the Russian assault, the Polish armed forces operational command mentioned on X.

A bean goose found in central Seoul has examined constructive for extremely pathogenic avian influenza, metropolis officers stated Wednesday.The Seoul Metropolitan Authorities stated the wild chook, which was discovered sick just lately in Seodaemun District and later died, was confirmed to be contaminated with the H5N1 pressure of avian influenza.This marks the primary detection of the virus pressure in wild birds inside Seoul in practically three years, following the final reported case in January 2023.In accordance with officers, the chook had been rescued on Thursday following a citizen report and was receiving remedy at a wildlife rescue middle when it…

Korea’s antitrust watchdog has carried out an on-site investigation at Britain-based chip designer Arm’s workplace in Seoul over its licensing dispute with U.S. semiconductor producer Qualcomm, sources stated Wednesday.The Truthful Commerce Fee (FTC) lately carried out the inspection as a part of its ongoing scrutiny over suspicions that Arm is undermining truthful competitors by limiting entry to its applied sciences for chip structure after having maintained an open community for years, the sources accustomed to the matter stated.The investigation was reportedly opened after Qualcomm filed a grievance in opposition to Arm with antitrust regulators of Korea, the USA, the European…

The logos of Naver and Kakao (Businesskorea DB) Naver and Kakao, that are staking their survival on synthetic intelligence (AI) enterprise, have doubled their facility funding (CAPEX) scale, together with knowledge facilities, within the third quarter alone this yr. It is because knowledge facilities able to accommodating high-capacity energy are important parts for launching AI companies that may suppose and act like people. The mixed facility funding scale of Naver and Kakao within the third quarter of this yr has quickly elevated by roughly two occasions over the previous yr. Within the case of Naver, facility…

A lady holds U.S. greenback banknotes on this illustration taken Might 30, 2022. REUTERS The hovering won-dollar trade fee is a phenomenon ensuing from a greenback scarcity, stated Deputy Prime Minister and Minister of Economic system and Finance Koo Yun-cheol on Nov. 19, including, “We’re coordinating with main overseas trade provide and demand entities to make sure that extreme uncertainty or instability doesn’t seem in trade charges.” Koo made these remarks at a press convention held on the Authorities Sejong Advanced. When requested in regards to the degree of trade charges that the Korean financial system and costs…

An Argentine assistant coach for the Korean soccer champions Jeonbuk Hyundai Motors was slapped with a five-match suspension Wednesday for making a racist gesture towards a referee.The Korea Skilled Soccer League (Ok League) additionally imposed a superb of 20 million gained (US$13,610) on coach Mauricio Taricco, who was seen making what the league officers stated was a “slanted-eye” gesture at referee Kim Woo-seong throughout Jeonbuk’s Ok League 1 match in opposition to Daejeon Hana Citizen FC on Nov. 8.Throughout that match, Taricco argued Kim’s choice to not name a handball violation on a Daejeon participant. The coach was initially proven…