Author: Seoul Reporter

Automobiles for export are parked at Pyeongtaek Port in Gyeonggi Province. (Captured from Yonhapnews TV) Korea’s automotive export worth reached $72 billion in 2025, surpassing the earlier report of $70.9 billion set in 2023. This marks the third consecutive yr that the nation’s automotive export worth has exceeded the $70 billion threshold. Regardless of uncertainties relating to U.S.-originated tariffs, this achievement was pushed by important will increase in exports to Europe, Central Asia, and the Center East, primarily centered on eco-friendly autos and used automobiles. The Ministry of Commerce, Trade and Assets introduced the “December…

Actors Koo Kyo-hwan, left, and Mun Ga-yeong in a scene from “As soon as We Have been Us” / Courtesy of Showbox“As soon as We Have been Us,” a romance movie launched on the final day of 2025, has defied expectations by taking the No. 1 spot on the native field workplace, successful over audiences with a relatable story of affection and loss relatively than flashy visible results and motion.Directed by director Kim Do-yeong, the movie recorded over 1.15 million admissions, edging out the Hollywood blockbuster “Avatar: Hearth and Ash,” based on knowledge from the Korean Movie Council, Tuesday.The film…

Buying and selling info for KKR & Co is displayed on a display screen on the ground of the New York Inventory Trade (NYSE) in New York, U.S., August 23, 2018. REUTERS International non-public fairness fund (PEF) administration firm Kohlberg Kravis Roberts (KKR) introduced on Jan. 15 that it has accomplished the institution of a $2.5 billion (roughly 3.6 trillion received) non-public credit score fund that can put money into the Asia-Pacific area, together with Korea and Australia. This fund is the second following the beforehand established $1.1 billion (1.6 trillion received) Asia Credit score…

President Donald Trump walks down the steps of Air Power One upon his arrival at Joint Base Andrews, Md., Jan. 13. AP-YonhapNEW YORK — It is solely two weeks into the brand new 12 months, and President Donald Trump has already claimed management of Venezuela, escalated threats to grab Greenland and flooded American streets with masked immigration brokers.And that is not even counting an unprecedented legal investigation on the Federal Reserve, a cornerstone of the nationwide financial system that Trump desires to bend to his will.Even for a president who thrives on chaos, Trump is producing a shocking stage of…

Kim Kyung, a Seoul metropolis councilor accused of bribing a lawmaker in trade for a councilorship nomination, speaks to reporters as she seems earlier than police on the Seoul Metropolitan Police Company’s workplace, Thursday. YonhapA Seoul metropolis councilor accused of bribing a former ruling celebration lawmaker appeared earlier than police Thursday to bear questioning for the second time this week.Kim Kyung arrived on the Seoul Metropolitan Police Company’s workplace to be questioned once more as a suspect within the bribery case after being grilled instantly upon her return from america on Sunday.Kim has been accused of handing over 100 million…

Samsung Electronics’ Bespoke synthetic intelligence washer and dryer / Courtesy of Samsung ElectronicsSamsung Electronics’ analysis challenge on its next-generation garments dryer will get help from the U.S. Division of Vitality (DOE), the corporate stated Thursday.In response to Samsung Electronics, it is going to collaborate with Oak Ridge Nationwide Laboratory and College of South Carolina’s Division of Chemical Engineering for the challenge on creating a complicated desiccant garments dryer with a warmth restoration system.The three organizations will obtain $1.2 million in funding from the DOE over the following two years and can contribute a further $1.2 million, bringing the full analysis…

The Ministry of Planning and Finances on the Authorities Advanced Sejong / YonhapKorea’s fiscal deficit got here to over 89 trillion received ($60.7 billion) within the first 11 months of final yr, the funds ministry mentioned Thursday.The managed fiscal stability, a key gauge of fiscal well being calculated on stricter phrases, posted a deficit of 89.6 trillion received within the January-November interval, based on information from the Ministry of Planning and Finances.Whole income grew 39.2 trillion received from the identical interval a yr earlier to 581.2 trillion received. Intimately, tax income expanded 37.9 trillion received on-year to 353.6 trillion received.Whole…

Commerce Minister Yeo Han-koo, left, shakes fingers with U.S. Sen. Andy Kim (D-NJ) in Washington, Tuesday (native time). Courtesy of Ministry of Commerce, Trade and PowerCommerce Minister Yeo Han-koo has met with U.S. lawmakers and officers to dispel issues over Korea’s ongoing investigation into a large knowledge breach at Coupang, warning towards the difficulty evolving right into a commerce row between the 2 international locations, Yeo’s workplace stated Thursday.Yeo traveled to Washington this week to fulfill with a variety of U.S. lawmakers, together with Sen. Andy Kim (D-NJ), Invoice Hagerty (R-TN), Dave McCormick (R-PA) and Todd Younger (R-IN), in addition…

U.S. Vice President JD Vance, left, and Secretary of State Marco Rubio depart the Eisenhower Government Workplace Constructing on the White Home campus after a gathering with Danish Overseas Minister Lars Løkke Rasmussen and Greenland’s Overseas Minister Vivian Motzfeldt in Washington D.C, Jan. 14. AFP-YonhapWASHINGTON — A high Danish official stated Wednesday {that a} “elementary disagreement” over Greenland stays with President Donald Trump after extremely anticipated talks in Washington with Vice President JD Vance and Secretary of State Marco Rubio.The 2 sides, nevertheless, agreed to create a working group to debate methods to work via variations as Trump continues to…

Cheon Jeong Gung, a spiritual complicated of the Unification Church, is seen in Gapyeong County, Gyeonggi Province, Dec. 12, 2025. Yonhap Investigations into the Unification Church and the Shincheonji Church of Jesus — two spiritual teams broadly thought to be cults — which might outcome of their dissolution, started this week, amid considerations voiced by senior figures in regards to the hurt they’re inflicting to society.Final week, a joint prosecution-police process pressure comprising 47 investigators was established to probe alleged collusion between the spiritual teams and politicians. This adopted claims final yr that the Unification Church had engaged in illicit…