Author: Seoul Reporter

From left, Vice President Kim Dong-sun of Hanwha Lodges & Resorts, President Kim Dong-won of Hanwha Life Insurance coverage, Chairman Kim Seung-yeon of Hanwha Group, and Vice Chairman Kim Dong-kwan of Hanwha Group take a commemorative picture on the a hundredth Anniversary of the Beginning of the late Hanwha Group founder Kim Jong-hee held on the 63 Conference Middle in Yeongdeungpo-gu, Seoul in 2022. (Picture courtesy of Hanwha Group) Hanwha Group has begun separating companies amongst Chairman Kim Seung-yeon’s three sons by conducting a spin-off by division of its holding firm, Hanwha Corp. The group will…

U.S. Treasury Secretary Scott Bessent appears to be like on on the White Home in Washington D.C. on Dec. 13, 2025. Reuters-YonhapWASHINGTON — U.S. Treasury Secretary Scott Bessent has stated the current depreciation of the Korean gained was not in step with the Asian nation’s “sturdy” financial fundamentals, as he met with Seoul’s Finance Minister Koo Yun-cheol this week, the Treasury Division stated Wednesday.Throughout the assembly with Koo on Monday, the secretary additionally underscored that “extra volatility” within the international alternate market is “undesirable,” it stated, amid rising considerations in Seoul concerning the Korean foreign money having fallen towards the…

A display at a bus station in downtown Seoul reveals a discover that bus providers have been suspended, Wednesday. YonhapUnionized bus drivers in Seoul have reached a collective wage cope with the administration, ending a two-day strike that brought about main disruptions for commuters, in line with officers Thursday.The settlement was reached in a particular mediation session held late Wednesday on the Seoul department of the Nationwide Labor Relations Fee following marathon negotiations, in line with Seoul metropolis authorities officers.Bus providers within the capital will function usually beginning Thursday morning after the capital’s unionized bus drivers launched their first strike…

Former President Yoon Suk-yeol speaks at a listening to on Dec. 29, 2025, in his trial on fees of main an revolt together with his abortive declaration of martial legislation one 12 months earlier. (courtesy of the Seoul Central District Court docket) On Tuesday, prosecutors requested the loss of life penalty for Yoon Suk-yeol, asking the court docket to throw the guide on the disgraced former president for repeating the “historical past of revolt.” South Korea is a de facto abolitionist state that doesn’t perform executions, regardless of the loss of life penalty remaining on the legislation books. As a proof…

Goobne Hen Opens New ‘Katy Department,’ Its Second Texas Location in Houston Space, USA (Picture offered by GN Meals) GN Meals, which operates the oven-cooking franchise Goobne Hen, has opened a brand new retailer ‘Katy Department’ within the Houston space of Texas, USA, and is accelerating its offensive into the North American market. Katy, the place the shop is positioned, is a suburban metropolis located west of Houston in Texas State, the place residential, business, and workplace features are all mixed to kind a combined business district. Particularly, because the Asian and Hispanic populations have…

The Tuman River as seen from Fangchuan Remark Tower in China. Within the distance, previous the Sino-Korean Friendship Bridge, the river results in the East Sea. For 16.93 kilometers, the river varieties the border between North Korea and Russia, excluding China from entry to the ocean. (Lee Je-hun/Hankyoreh) Throughout his assembly with Chinese language President Xi Jinping on Jan. 5, South Korean President Lee Jae Myung reportedly proposed 4 main inter-Korean and worldwide cooperation tasks, together with the Higher Tumen Initiative, aimed toward bettering inter-Korean relations and selling cooperation within the area, whereas asking for Beijing’s cooperation and for it…

Yoon Suk-yeol smiles whereas talking to his legal professionals through the ultimate listening to of his trial on the Seoul Central District Courtroom on fees of orchestrating an revolt, held on Jan. 13, 2026. (courtesy of the Seoul Central District Courtroom) Yoon Suk-yeol issued no apology for his surprising declaration of martial legislation on Dec. 3, 2024, through the ultimate listening to of his trial on fees of orchestrating an revolt, as a substitute sustaining the specious argument that his actions had been a cautionary measure he was compelled to take as a result of “wickedness of anti-state forces.”Tuesday’s listening…

John Rim, CEO of Samsung Biologics, conducts a company presentation on the JP Morgan Healthcare Convention held in San Francisco, California, USA, on Jan. 13 (native time). (Photograph courtesy of Samsung Biologics) John Rim, CEO of Samsung Biologics, revealed that he has an curiosity in buying peptide manufacturing services, that are experiencing surging demand amid the worldwide weight problems remedy craze. Following the acquisition of the Rockville plant in the USA final yr to answer varied contract manufacturing group (CMO) calls for for prescribed drugs, Rim determined to finalize the groundbreaking of Plant 6 inside this yr. …

The CI of the Monetary Supervisory Service (Picture courtesy of the Monetary Supervisory Service) The Monetary Supervisory Service (FSS) will launch a particular inspection of governance constructions concentrating on the eight main monetary holding corporations. The plan is to conduct intensive inspections of the particular operational standing of governance constructions at every monetary holding firm, together with the operational standing of their boards of administrators, after which derive enchancment measures by way of the soon-to-be-launched Governance Development Job Drive (TF). The market has raised criticism that the authorities’ state management is turning into extra blatant. The FSS…

A display screen at a bus station in downtown Seoul exhibits a discover that bus companies have been suspended, Wednesday. YonhapUnionized bus drivers in Seoul have reached a collective wage cope with the administration, ending a two-day strike that induced main disruptions for commuters, based on officers Thursday.The settlement was reached in a particular mediation session held late Wednesday on the Seoul department of the Nationwide Labor Relations Fee following marathon negotiations, based on Seoul metropolis authorities officers.Bus companies within the capital will function usually beginning Thursday morning after the capital’s unionized bus drivers launched their first strike in two…