Author: Seoul Reporter

Lee Chan-jin, governor of the Monetary Supervisory Service, speaks throughout a gathering with the press corps on the FSS in Yeouido, Seoul, on Dec. 1. (Captured from JTBC) Lee Chan-jin, governor of the Monetary Supervisory Service (FSS), has ordered monetary firms to chorus from extreme advertising and marketing of overseas foreign money deposits and insurance coverage. Lee held a market situation evaluate assembly on the FSS in Yeouido, Seoul on Jan. 13 and stated, “As overseas foreign money deposits and insurance coverage are growing, the danger of monetary client losses because of trade charge fluctuations…

This file photograph, carried by North Korea’s official Korean Central Information Company exhibits the North’s chief Kim Jong-un, surrounded by his bodyguards holding black suitcases (circled in purple) throughout his inspection of a regional hospital underneath building the day before today, Sept. 13, 2025. Yonhap North Korea has changed its prime navy officers in command of guarding chief Kim Jong-un, the unification ministry mentioned Tuesday, with Seoul’s spy company assessing the North as elevating the extent of safety for Kim on assassination considerations.North Korea has modified the chiefs of three main North Korean items defending the safety of the North’s…

First graders go searching a classroom throughout new pupil orientation at Ujang Elementary College in Seoul, Jan. 6. YonhapFor the primary time, fewer than 300,000 youngsters are anticipated to enter first grade in Korea this 12 months, underscoring the results of the nation’s persistently low birthrate on its schooling system.In keeping with the Ministry of Training’s revised projection report, launched Tuesday, an estimated 298,178 youngsters are anticipated to start out first grade this 12 months.The ministry had earlier projected that first grade enrollment would fall under 300,000 in 2027. However officers stated that current shifts in birthrates and faculty attendance…

Volkswagen’s brand is seen on the buyer middle of the carmaker’s headquarters in Wolfsburg, Germany, Nov. 21, 2025. AFP-YonhapVolkswagen has made it clear that it has no involvement within the ongoing competitors between shipbuilders from Korea and Germany to safe an order for 12 patrol submarines for the Canadian navy, valued at 60 billion Canadian {dollars} ($43 billion).The carmaker particularly denied any cooperation with TKMS or any intent to assist the German shipbuilder win the bid.“We wish to make clear our place and forestall our funding in Canada’s battery plant from being misinterpreted as an try to assist TKMS win…

This photograph reveals the Saeul-3 and Saeul-4 reactors within the southeastern port metropolis of Ulsan, Dec. 30, 2025. Courtesy of the Nuclear Security and Safety Fee The state-run Korea Hydro & Nuclear Energy Co. (KHNP) plans to spice up the usage of its nuclear energy crops to the very best degree in 15 years as a part of efforts to decrease electrical energy charges and reply to rising energy demand, the local weather ministry mentioned Tuesday.The KHNP informed the ministry in a coverage briefing that it’s going to improve the nuclear crops’ capability issue, which signifies the proportion of whole…

Park Min-woo, head of the Superior Automobile Platform (AVP) Division (president) at Hyundai Motor Group (Picture courtesy of Hyundai Motor Group) Hyundai Motor Group introduced on Jan. 13 that it has recruited Park Min-woo, Nvidia’s vp of autonomous driving software program, to fill the vacant place of head of the Superior Automobile Platform (AVP) Division (president). The AVP Division head oversees Hyundai Motor Group’s autonomous driving and software-defined automobile (SDV) improvement. With the brand new chief determined only one month after former AVP Division Head Music Chang-hyun’s resignation in early December, the longer term automobile improvement…

A nurse tends to a new child within the neonatal unit at CHA Ilsan Medical Heart in Goyang, Gyeonggi Province, Dec. 26, 2025. YonhapFrom purchasing for child gadgets to organising nurseries, anticipating dad and mom have to organize extensively earlier than their new child arrives. As they attain the ultimate levels of being pregnant, they face certainly one of their most significant duties: selecting the child’s identify. Historically, Korean names had been based mostly on Chinese language characters (“hanja”), shared household syllables handed down by way of generations, or astrological readings meant to deliver luck.Right this moment, nevertheless, naming developments…

NongHyup Chairman Kang Ho-dong points an apology for the outcomes of the agriculture ministry’s particular audit, on the federation’s headquarters in central Seoul, Tuesday. YonhapThe pinnacle of the Nationwide Agricultural Cooperative Federation, also called NongHyup, issued a public apology Tuesday over current allegations of lax administration.”I take full duty and supply my honest apologies for failing to dwell as much as the expectations of the general public and farmers by inflicting issues,” NongHyup Chairman Kang Ho-dong mentioned, including he’ll step down from his posts as head of the Farmers Newspaper and the NongHyup Basis. Kang will proceed to function the…

Korean Commerce Minister Yeo Han-koo, proper, shakes arms with Rep. Darrell Issa (R-CA) as they meet for talks on the Capitol in Washington, Jan. 12. Courtesy of trade ministryWASHINGTON — A U.S. lawmaker mentioned Monday that there are “penalties” for state-sponsored “hostile actions” towards American firms after he met with Korea’s Commerce Minister Yeo Han-koo amid intense scrutiny of e-commerce big Coupang Inc. in Seoul over a large knowledge leak.Rep. Darrell Issa (R-CA) made the remarks in a social media publish following the assembly with Yeo, who was in Washington as a part of efforts to handle U.S. considerations over…

The Korea Forest Service (KFS) introduced on 13 January {that a} discipline workplace of the provincial mission administration unit for the sub-national Decreasing Emissions from Deforestation and forest Degradation in creating nations (REDD+) mission collectively carried out by Lao PDR and the Republic of Korea was launched briefly on 9 January within the Phongsaly Province, northern Laos. Since 2018, the KFS has been implementing a small-scale REDD+ pilot mission within the Champasak Province in southern Laos in cooperation with the Laos Ministry of Agriculture and Setting. Constructing on this expertise, the 2 nations signed…