Author: Seoul Reporter

As much as six individuals fainted after inhaling what gave the impression to be poisonous fuel at POSCO’s Pohang Steelworks on Thursday, officers mentioned.The accident occurred round 1:30 p.m. on the steelworks in Pohang, 262 kilometers southeast of Seoul, whereas two contracted cleaners and a POSCO worker had been eradicating sludge outdoors a plant, they mentioned.Firefighters and police mentioned the three had been present in cardiac arrest after inhaling the fuel. They had been taken to close by hospitals and stay unconscious, with some requiring respiratory help.Three POSCO in-house firefighters had been additionally uncovered to the fuel whereas trying to…

Mark Lambert, a former US deputy assistant secretary of state who spearheaded working-level negotiations as a State Division particular envoy for North Korea throughout Donald Trump’s first time period as US president, offers a fireplace chat for the SFS Korea Coverage Membership at Georgetown College in Washington, DC, on Nov. 18, 2025. (Kim Received-chul/Hankyoreh) Mark Lambert, a former US deputy assistant secretary of state who spearheaded working-level negotiations as a State Division particular envoy for North Korea throughout Donald Trump’s first time period as US president, harassed that attaining North Korea’s denuclearization was “price making an attempt” and that the…

IBK Finance Tower in Jung-gu, Seoul (Picture courtesy of IBK Industrial Financial institution) IBK Industrial Financial institution introduced on Nov.r 20 that it has acquired native banking enterprise authorization from the Polish Monetary Supervision Authority. This achievement comes two years and 6 months after establishing a Polish workplace in Could 2023 to pursue market entry. This marks the primary time a home financial institution has acquired subsidiary authorization in Poland, fairly than opening a department or workplace. Poland is a area with vital protection business exports, together with the K2 tank. IBK Industrial Financial institution…

CAIRO — President Lee Jae Myung on Thursday held summit talks with Egyptian President Abdel Fattah El-Sisi and agreed to work collectively to advertise peace on the Korean Peninsula and within the Center East whereas strengthening financial and protection business cooperation.The summit in Cairo passed off throughout Lee’s official go to to Egypt, the primary by a Korean president to the nation in three years.”The Republic of Korea and Egypt have agreed to work collectively as ‘facilitators of peace’ and collectively contribute to worldwide peace, together with on the Korean Peninsula and within the Center East,” Lee mentioned in a…

BAMAKO, Mali — Drive by way of downtown on this West African capital, previous conventional markets and mosques, and also you arrive, unexpectedly, in a neighborhood with bubble tea retailers and Chinese language boutiques, the place just about each signal is in Mandarin.Within the mornings, radishes, spring onions and Chinese language cabbage fly off the stalls of a husband-and-wife vegetable stand. At lunch, one other couple from China prepares spicy beef stew and stir-fried snails at a restaurant throughout the road. Because the solar units, Chinese language employees and enterprise house owners take night strolls on the promenade that runs…

Matchmaking companies named after ultra-luxury house complexes in southern Seoul are rising, reflecting a rising development through which an individual’s deal with capabilities as a form of social credential. At Helio Metropolis in Songpa and Raemian One Bailey in Seocho, resident-driven marriage networks have formalized into full corporations — drawing each curiosity and criticism over what many are calling a deepening type of class-based relationship.In line with trade officers, a matchmaking firm named “Helio Marriage Info” formally opened in June contained in the industrial space of Helio Metropolis, one in all Seoul’s most recognizable high-end developments. The corporate, based by…

Korea’s customs authorities on Thursday introduced plans to cut back paperwork necessities and velocity up the customs clearance course of for imports, a transfer geared toward lessening regulatory burdens on native companies.Below a revised legislation at the moment present process administrative discover, procedures for re-importing returned items might be simplified, in keeping with the Korea Customs Service (KCS).Beforehand, corporations had been required to submit documentation if the whole worth of a number of gadgets mixed in a single import declaration exceeded $150.Below the revision, the requirement will apply solely when every merchandise class exceeds $150, easing the burden for corporations…

(Courtesy of Yonap) The Korean received fell to its weakest degree in seven months on Thursday, weighed down by a pointy decline within the Japanese yen following studies of Japan’s large spending plan.The received briefly weakened previous 1,470 to the greenback in afternoon commerce, earlier than closing at 1,467.90, up 2.3 received from the day prior to this. That marked its weakest shut since April, when the received touched 1,484.10.It opened home commerce at 1,467.4 per greenback and prolonged losses to 1,470.1 at one level, revisiting the 1,470 degree for the primary time in every week.The Japanese yen plunged to…

Export automobiles are parked at Pyeongtaek Port in Gyeonggi Province. (Captured from Yonhapnews TV) Final month, resulting from diminished working days from the prolonged Chuseok vacation, vehicle exports, home gross sales, and manufacturing all turned to say no in comparison with the identical month final 12 months. U.S. vehicle exports continued their decline for the eighth consecutive month since March. In keeping with the October Automotive Trade Traits introduced by the Ministry of Commerce, Trade and Sources on Nov. 20, final month’s vehicle export worth was $5.55 billion, a ten.5% lower in comparison with the identical interval…

SAN FRANCISCO — Nvidia’s gross sales of the computing chips powering the bogus intelligence craze surged past the lofty bar set by inventory market analysts in a efficiency that will ease current jitters a couple of Massive Tech increase turning right into a bust that topples the world’s most respected firm.The outcomes introduced late Wednesday supplied a pulse test on the frenzied spending on AI expertise that has been fueling each the inventory market and far of the general economic system since OpenAI launched its ChatGPT three years in the past.Nvidia has been by far the most important beneficiary of…