Author: Seoul Reporter

A view of Yuyu Pharma’s plant in Jecheon, North Chungcheong Province (Picture courtesy of Yuyu Pharma) Yuyu Pharma introduced on Nov. 19 that it has established a neighborhood subsidiary to focus on the U.S. companion animal pharmaceutical and well being practical meals market. Following its funding in a U.S. startup this April, the corporate is actively shifting to develop its companion animal enterprise in america. The corporate said that it has invested $4.5 million to determine a holding firm, Yuyu Enterprise, in america. Yuyu Enterprise will handle two subsidiaries: Yuyu Bio and Mervin’s Pet Care. …

Mukesh Ambani, chairman of India’s Reliance Group (Captured from Reliance Group web site) Mukesh Ambani, chairman of India’s Reliance Group who is taken into account Asia’s wealthiest particular person, is anticipated to go to Korea. He plans to fulfill with Samsung Electronics Chairman Lee Jae-yong to debate cooperation in next-generation communication know-how and synthetic intelligence (AI). In keeping with enterprise circles on Nov. 19, Ambani is scheduled to go to Korea for a two-day journey on Nov. 25, accompanied by his eldest son Akash Ambani, chairman of the board of administrators of Reliance Jio Infocomm. Chairman Ambani is anticipated…

Memento Truthful 2025, Korea’s largest competition for conventional and up to date keepsakes, is ready to return to Dongdaemun Design Plaza (DDP) in Seoul Friday via Sunday. The expanded occasion displays each the rising world profile of “Okay-goods” and rising curiosity amongst worldwide guests in regionally made souvenirs.Hosted by the Ministry of Tradition, Sports activities and Tourism and the Korea Tourism Group (KTO), the three-day occasion is anticipating a document 134 exhibitors, representing regional governments together with Incheon and Busan, in addition to main trade gamers akin to BC Card.Themed zones will line the DDP Artwork Corridor, inviting guests to…

Even within the absence of normalization between Israel and Saudi Arabia, a brand new regular is taking maintain of the Center East. On Tuesday, President Donald Trump hosted Saudi Crown Prince Mohammed bin Salman on the White Home in a go to that illustrated the geopolitical priorities of each nations and bolstered the extent to which america and different main powers have forgiven the influential royal’s position within the 2018 abduction and homicide of Washington Publish columnist Jamal Khashoggi.

Police on Wednesday raided two workplaces of KT, the nation’s second-largest cell service, over the corporate’s alleged concealment of proof associated to a hacking incident earlier this 12 months.Investigators from Gyeonggi Nambu Provincial Police executed search and seizure warrants on the workplaces in Pangyo, Seongnam, and Bangbae in southern Seoul.The raids come after the science ministry referred the corporate to the police over suspicions it shut down servers within the wake of a reported cyberattack on its website for distant buyer inspections.Police have reportedly booked the corporate’s head of information safety on suspicions of obstruction of justice.

SEJONG — The variety of members of the family serving as unregistered executives at family-run conglomerates, or chaebol, has elevated, elevating considerations a couple of rising hole between authority and accountability, the antitrust regulator stated Wednesday.Since 2010, the Truthful Commerce Fee (FTC) has reviewed and launched annual reviews on the possession and governance constructions of designated company teams as a part of its market-monitoring efforts to encourage enhancements in administration practices.In keeping with the newest report, among the many 77 conglomerate teams, 18.2 p.c of their 518 associates had a member of the proprietor household formally appointed to the corporate’s…

Korea’s abroad monetary property reached a contemporary excessive within the third quarter, pushed by elevated inventory investments and funding returns, central financial institution information confirmed Wednesday.The nation’s exterior monetary property stood at $2.79 trillion as of end-September, up $115.8 billion from three months earlier, based on preliminary information from the Financial institution of Korea (BOK).It marks the biggest quantity ever, although the tempo of its progress slowed from the second quarter’s enhance of $165.1 billion.Of exterior monetary property, residents’ securities investments rose by $89 billion on-quarter to succeed in a brand new excessive of $1.21 trillion as of end-September.Direct funding…

ABU DHABI — President Lee Jae Myung is ready to fulfill enterprise leaders from South Korea and the United Arab Emirates (UAE) on Wednesday to debate bilateral financial cooperation in expertise, protection, power and different sectors, the presidential workplace mentioned.Lee will attend the enterprise roundtable in Abu Dhabi, following his summit with UAE President Mohamed bin Zayed Al Nahyan on Tuesday that centered on deepening financial ties between the 2 nations.Throughout Lee’s state go to, the 2 nations signed seven memorandums of understanding on strategic collaboration in synthetic intelligence (AI), protection business, power and different sectors.”The businesses will maintain in-depth…

WASHINGTON — The “Epstein Recordsdata,” sealed for years and the article of frenzied hypothesis, are one step nearer to being launched to the general public.Each the U.S. Home of Representatives and Senate moved Tuesday to order the discharge of presidency information associated to the investigation of convicted intercourse offender Jeffrey Epstein.The rich and well-connected financier died in jail in 2019 whereas awaiting trial on prices of intercourse trafficking underage ladies.However his demise did nothing to staunch the furor over his connections with high-profile enterprise executives, celebrities and politicians, together with former shut pal President Donald Trump.So what precisely are the…

The elder brother of former first woman Kim Keon Hee attended a court docket listening to Wednesday on whether or not to challenge a warrant to arrest him over his alleged evasion of improvement charges for an residence building mission a decade in the past.Kim Jin-woo appeared on the Seoul Central District Court docket after particular counsel Min Joong-ki’s workforce filed for a warrant to arrest him on costs of inflicting losses to state coffers, embezzlement and destruction of proof.Kim and his mom, Choi Eun-soon, are accused of falsifying paperwork for the 350-unit residence mission in Yangpyeong, east of Seoul,…