Author: Seoul Reporter

Hanwha Normal Insurance coverage faces doubtlessly pricey claims after an enormous hearth at a warehouse the place it serves as a major insurer, with damages estimated within the a whole bunch of billions of received, in keeping with trade officers Monday.The non-life insurance coverage arm of Hanwha Group stated it’s “assessing the state of affairs,” declining to supply additional particulars in regards to the blaze at E-Land Style’s logistics heart in Cheonan, South Chungcheong Province, on Saturday.Trade officers, nonetheless, reckon that it may lead to sizable claims, noting that the logistics heart is one among Asia’s largest and serves because…

The monetary regulator stated Monday credit score mortgage progress continues to be manageable regardless of its latest spike in tandem with a inventory market rally.In keeping with the Monetary Companies Fee (FSC), non-mortgage family loans, together with credit score loans, had added 1.4 trillion gained ($959 million) from a month earlier to 238 trillion gained as of end-October, marking a turnaround from a 500 billion-won on-month drop the earlier month.House-backed loans, then again, gained 2.1 trillion gained to 934.8 trillion gained over the cited interval, marking a pointy slowdown from a 3.9 trillion gained rise in September.The regulator stated credit…

Kim Il-beom (left), Hyundai Motor GPO vp, and Anna Tandi Moraka, deputy minister of the Republic of South Africa’s Ministry of International Affairs, pose for a commemorative picture after signing a enterprise cooperation settlement concerning official car assist for the 2025 G20 Johannesburg Summit on the South African Ministry of International Affairs constructing in Pretoria, South Africa, final September. (Photograph courtesy of Hyundai Motor Group) Hyundai Motor Group introduced on Nov. 17 that it’s going to present official automobiles to the G20 Johannesburg Summit within the Republic of South Africa, which will probably be held for…

A subcommittee of the Nationwide Meeting’s inside and security committee on Monday handed a revision to the Public Holidays Act that may restore Structure Day as a public vacation for the primary time in 18 years.Noticed yearly on July 17, Structure Day had been a public vacation till it was reclassified in 2008 as a commemorative day, after which authorities workplaces and companies now not closed for the event.Amongst Korea’s 5 nationwide commemorative days, Structure Day is at present the one one that isn’t designated as a public vacation.If the revision passes a plenary assembly of the committee and a…

Consultants say a clause on “complete assist” for US Forces Korea within the lately launched truth sheet on safety agreements between the US and Korea could possibly be trigger for concern President Lee Jae Myung broadcasts the adoption of a truth sheet on agreements with the US from the press room of the presidential workplace in Seoul’s Yongsan District on Nov. 14, 2025. (Yonhap) The joint truth sheet launched by South Korea and the US incorporates quite a few large safety calls for from the US, illustrative of what it means to be in a transactional alliance with the US…

HD Hyundai Mipo has efficiently secured orders for petrochemical product carriers (PC ships) value 219.4 billion received. The corporate introduced on Nov. 17 that it signed a shipbuilding contract value 219.4 billion received for PC ships with a delivery firm within the Oceania area. HD Hyundai Mipo plans to ship the vessels sequentially by the tip of February 2029. HD Korea Shipbuilding & Offshore Engineering, the guardian firm of HD Hyundai Mipo and the intermediate holding firm for the shipbuilding division of HD Hyundai Group, has secured orders for a complete of 102 vessels…

A Japanese girl has been charged with sexual assault for “unexpectedly kissing” BTS member Jin throughout a fan occasion, South Korean prosecutors stated Monday.The Seoul Japanese District Prosecutors’ Workplace stated it indicted the girl final Wednesday on fees of sexual harassment with out bodily detention.The girl, who’s in her 50s, is accused of kissing Jin, whose actual title is Kim Seok-jin, on the cheek throughout a “free hug” occasion attended by about 1,000 followers on June 13 final yr, a day after the singer was discharged from his navy obligation.Video of Jin’s startled response sparked on-line controversy, prompting an web…

After watching his younger pitchers battle to search out the strike zone in two exhibition video games towards Japan over the weekend, South Korea supervisor Ryu Ji-hyun got here away satisfied he’ll want some regular veteran presence on his youthful group for subsequent 12 months’s World Baseball Traditional (WBC).Ryu and the nationwide group returned dwelling Monday afternoon after recording a loss and a tie in two video games towards the Samurai Japan at Tokyo Dome.South Korea misplaced the primary recreation 11-4, with the pitching employees coughing up a 3-0 lead and issuing 9 walks.South Korea once more blew a 3-0…

President Donald Trump’s announcement this month that the USA would restart nuclear weapons testing on an “equal foundation” with different nations — alluding to unverified claims that Moscow and Beijing are conducting secret exams and suggesting the U.S. will revive packages deserted within the early Nineties — has sowed confusion among the many world’s nuclear powers and revived echoes of the Chilly Battle arms race.

Korea on Monday reported one other case of extremely pathogenic avian influenza (AI) at a layer farm in southern Gyeonggi Province, marking the fifth such case for the reason that chilly season began.The H5N1 chicken flu was detected on the farm in Hwaseong, southern Gyeonggi Province, which had reported two extra circumstances of chicken flu up to now 5 years, in keeping with the Central Catastrophe Administration Headquarters (CDMH).This marks the fifth case of extremely pathogenic AI within the nation since September, when the temperatures began happening, and the second such case at a layer farm.The CDMH stated it can…