Author: Seoul Reporter

An summary of Korea Zinc’s Onsan Smelter (Photograph courtesy of Korea Zinc) Korea Zinc introduced on Jan. 13 that it has entered right into a strategic partnership with Alta Useful resource Applied sciences, a U.S. firm possessing core mineral refining know-how, for uncommon earth manufacturing. This partnership goals to provide uncommon earths by recycling and refining waste everlasting magnets into high-purity uncommon earth oxides. The 2 corporations plan to determine a three way partnership company inside the USA and assemble associated amenities at an present enterprise web site operated by Korea Zinc’s U.S. subsidiary. …

Members who carried out “Golden” pose for images with EJAE (heart), who participated in composing and singing the tune, on the 83rd Golden Globe Awards held in Beverly Hills, Los Angeles, California, on Jan. 11 (native time). (Captured from Yonhapnews TV) THEBLACKLABEL, the leisure firm behind main tracks together with “Golden,” featured in “KPop Demon Hunters,” is looking for as much as 100 billion received (roughly $67.91 million) in new funding from recreation developer Krafton. In accordance with funding banking sources on Jan. 12, Krafton, the creator of “PUBG: Battlegrounds,” is about to take part…

Greenlandic Prime Minister Jens-Frederik Nielsen attends a press convention in Copenhagen, Denmark, Tuesday. Reuters-YonhapCOPENHAGEN — Greenland’s prime minister mentioned on Tuesday his nation would slightly stay a part of Denmark than change into a territory of america, amid President Donald Trump’s push to take management of the sprawling Arctic island.The Danish and Greenlandic overseas ministers will meet U.S. Vice President JD Vance and Secretary of State Marco Rubio on Wednesday after Trump not too long ago stepped up threats to take over Greenland, an autonomous territory of the Kingdom of Denmark.However Greenland is just not on the market and doesn’t…

Bundles of Korean banknotes (BusinessKorea DB) The size of banknotes and cash discarded final yr attributable to harm or contamination reached roughly 2.84 trillion gained. If the discarded foreign money had been stacked upward, it will attain 265 instances the peak of Lotte World Tower. In response to the 2025 Broken Forex Disposal Scale introduced by the Financial institution of Korea on Jan. 13, broken foreign money disposed of by the BOK final yr was counted at 364.01 million items. In financial phrases, this quantities to 2.84 trillion gained. This represents a lower of 110.88 million items…

Containers are stacked at a port in Pyeongtaek, Gyeonggi Province, Jan. 1. Yonhap WASHINGTON — The worldwide financial system is proving extra resilient than anticipated, with 2026 GDP progress anticipated to enhance barely over forecasts from final June, the World Financial institution stated on Tuesday whereas warning that progress is simply too concentrated in superior international locations and general too weak to cut back excessive poverty.The World Financial institution’s semi-annual World Financial Prospects report exhibits that world output progress will sluggish barely to 2.6 p.c this 12 months from 2.7 p.c in 2025 earlier than edging again to 2.7 p.c…

Proven is a 3-ton turbopump liquid methane engine being developed by Perigee Aerospace. (Picture courtesy of Perigee Aerospace) House launch car startup Perigee Aerospace introduced on Jan. 13 that it has been chosen as the ultimate performing firm for the “Small Launch Automobile Growth Functionality Assist Program.” This can be a program the place the Korea AeroSpace Administration (KASA) helps non-public corporations’ small launch car know-how growth for six years from 2022 to subsequent yr. Perigee Aerospace handed the second-stage competitors in this system’s “Excessive-Efficiency Higher Stage Engine Growth for Small Launch Autos” undertaking and…

The Korea Customs Service CI (Photograph courtesy of the Korea Customs Service) The Korea Customs Service introduced that it’ll conduct year-round intensive inspections on unlawful international alternate transactions that undermine alternate fee stability. This measure follows the evaluation that the won-dollar alternate fee, which international alternate authorities had introduced down via high-intensity verbal intervention on the finish of final 12 months, has as soon as once more entered the 1,470 received vary within the new 12 months, and that the general international alternate transaction compliance degree within the commerce business is low. The Korea Customs…

Chiou Gow-wei (third from left), the pinnacle of the Taiwanese mission to South Korea, speaks throughout a seminar hosted by Rep. Park Soo-young of the principle opposition Individuals Energy Social gathering on the Nationwide Meeting in Seoul, Monday. YonhapThe Chinese language Embassy in Seoul on Tuesday took a swipe at Taiwan’s high envoy after he instructed that the “One China” precept South Korea has dedicated to respect might seek advice from Taiwan somewhat than Beijing.The embassy issued the assertion a day after Chiou Gow-wei, the pinnacle of the Taiwanese mission to South Korea, made such remarks at a discussion board…

Chanel’s Traditional Maxi purse is priced at 20.33 million gained. (Captured from Chanel’s web site)   As luxurious model Chanel carried out value will increase from the start of the brand new 12 months, the development of value hikes amongst main luxurious manufacturers, together with Hermès and Rolex, can be gaining momentum. In keeping with knowledgeable sources, Chanel raised costs on main product traces, together with baggage and wallets, ranging from Jan. 13. This adjustment was carried out forward of the brand new season launch on Jan. 16 and is seen as strategic value restructuring. …

Kim Yo-Jong, the youthful sister of North Korean chief Kim Jong-un, makes a speech throughout a nationwide assembly held in Pyongyang, North Korea, Aug. 10, 2022. YonhapThe highly effective sister of North Korean chief Kim Jong-un on Tuesday demanded that South Korea admit and apologize for a provocation violating its sovereignty after Pyongyang blamed Seoul for drone incursions.Kim Yo-jong made the demand in an announcement following the North Korean navy’s declare final Saturday that Seoul despatched drones carrying surveillance gear throughout the border to the North in September and on Jan. 4, calling it a violation of its sovereignty.”The Seoul…