Author: Seoul Reporter

PET movie (Captured from YouTube) The Commerce Fee beneath the Ministry of Commerce, Trade and Vitality has determined to conduct an interim evaluation of anti-dumping obligation charges imposed on Chinese language PET movie and lift them to just about 10 occasions the present stage. This marks the primary time the Commerce Fee has utilized the interim evaluation system to re-examine anti-dumping obligation charges on the request of Korean firms. The Commerce Fee introduced on Nov. 20 that it held its 466th assembly to deliberate and determine on anti-dumping obligation imposition on Chinese language PET movie. The…

President Lee Jae Myung wrapped up his journey to the UAE with a go to to Korean troops stationed within the nation President Lee Jae Myung of South Korea walks with Sheikh Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, upon arriving on the presidential palace in Abu Dhabi for a state go to on Nov. 18, 2025. (Yonhap) President Lee Jae Myung introduced plans to strengthen cooperation between Korea and the United Arab Emirates in high-tech and strategic industries comparable to synthetic intelligence and protection throughout his go to to the Center Japanese nation.“Korea will…

A welcome ceremony is held for US President Donald Trump and President Lee Jae Myung of South Korea as they arrive on the Gyeongju Nationwide Museum’s latest addition forward of their bilateral summit on Oct. 29, 2025. (Kim Tae-hyeong/Hankyoreh) By Park Hyun, editorial authorLatest remarks by Evan Medeiros, the White Home senior director for Asian affairs in the course of the Barack Obama administration and present professor at Georgetown College, provide frank perception into America’s view of Korea-US relations. Medeiros’ feedback got here at a Middle for Strategic and Worldwide Research discussion board assessing President Donald Trump’s go to to Asia.…

Naver Chairman Lee Hae-jin (left) and Saudi Minister of Municipalities and Rural Affairs and Housing (MOMRAH) Majed Al-Hogail alternate items on the Cityscape International Expo 2025 held in Riyadh, Saudi Arabia on Nov. 18 (native time). (Picture courtesy of Saudi Press Company) Naver Chairman Lee Hae-jin met with a Saudi Arabian minister to debate increasing their current cooperative relationship to the digital finance sector. This comes as Lee expands the scope of cooperation with the Saudi authorities to incorporate stablecoins and synthetic intelligence (AI) information facilities forward of the great inventory alternate between Naver Monetary and Dunamu. In…

Labor Minister Kim Younger-hoon referred to as for legislative efforts Thursday to lift the statutory age of retirement by the top of this yr, whereas emphasizing that each corporations and labor teams ought to attain a compromise amid the nation’s quickly growing older inhabitants.Talking to reporters on the authorities complicated within the central metropolis of Sejong, Kim emphasised that extending the retirement age is “a path that should be taken,” whereas acknowledging challenges in narrowing variations between the 2 sides.”Elevating the authorized retirement age may result in clashes on the subject of jobs at massive corporations and public establishments, that…

Prime Minister Kim Min-seok provides an pressing briefing on the authorities complicated in Seoul on South Korea’s victory in a authorized battle difficult an order to compensate the personal fairness fund Lone Star over the sale of a neighborhood financial institution. (Yonhap) The South Korean authorities emerged victorious in its case to request the reversal of an investor-state dispute settlement arbitration ruling ordering it to pay the US personal fairness agency Lone Star compensation for a delay in its sale of Korea Trade Financial institution (KEB).Along with not being required to pay roughly 400 billion gained in compensation and curiosity,…

BDACS, the issuer of the KRW-denominated stablecoin KRW1 on Arc blockchain, introduced that it has joined the Circle StableFX program and Circle Accomplice Stablecoins program. With this participation, BDACS expects to strengthen its function as the primary issuer of a Korean gained stablecoin inside the Arc ecosystem and contribute to the event of worldwide onchain international alternate (FX) infrastructure. The worldwide FX market, regardless of its scale, continues to depend on infrastructure characterised by fragmented buying and selling buildings, prefunded account necessities, and delayed settlement cycles. Arc, launched by Circle, is a worldwide Layer 1 blockchain designed…

The Korea Forest Service is holding the sixth Korea-Canada Forest Cooperation Committee Assembly on November twentieth (left: Nam Tune-hee, Korea Forest Service Worldwide Forest Cooperation Officer). The Korea Forest Service (Director Kim In-ho) introduced on Nov. 20, that it held the ‘sixth Korea-Canada Forest Cooperation Committee Assembly’ through video convention. The assembly was attended by Nam Tune-hee, Worldwide Forest Cooperation Officer, as Korea’s chief consultant, and Joyce Henry, Director of Commerce, Financial and Industrial Affairs, representing Canada. Key agenda objects mentioned included △joint response to forest fires amid intensifying local weather disasters △enlargement of wooden development utilization…

LONDON — European and Ukrainian officers pushed again Thursday towards a brand new plan being proposed by the U.S. administration to finish the battle in Ukraine, saying that any deal ought to respect Ukraine’s sovereignty and never contain the nation’s “capitulation.”

Lone Star stated it doesn’t settle for this week’s annulment ruling by the Worldwide Centre for Settlement of Funding Disputes (ICSID), signaling that it might pursue a brand new spherical of arbitration in opposition to the Korean authorities.The assertion got here days after an ICSID advert hoc committee nullified the portion of a 2022 ruling that ordered Korea to pay roughly 400 billion gained ($272 million) in an investor-state dispute over the U.S. personal fairness agency’s sale of Korea Trade Financial institution (KEB).In a written response to The Korea Instances, a spokesperson for the U.S. agency stated it disagrees with…