Author: Seoul Reporter

SNC Sein, the operator of low-cost espresso model The Venti, mentioned Monday it’ll enter the USA subsequent 12 months by opening its first native outlet in Las Vegas.Earlier this month, SNC Sein signed a multiunit franchise settlement with JINP to function a number of Venti shops for a set interval within the western area of the U.S., the corporate mentioned in a press launch.The Korean firm mentioned it plans to open extra shops throughout the western U.S. area.SNC Sein at present operates 4 Venti shops in Canada and one in Vietnam, along with some 1,500 shops in Korea.In July, the…

The chief of the nation’s monetary regulator on Monday known as on banks to play a higher function in productive finance.In a ceremony marking the launch of a preparatory physique for a mega-sized public-private fund to put money into high-tech sectors, Lee Eog-weon, chairman of the Monetary Providers Fee (FSC), mentioned banks want to alter their lending practices by funneling extra money into progressive, productive sectors.”Banks ought to dramatically change their decadeslong enterprise practices and mindsets,” Lee mentioned.”They’re nonetheless reaping huge curiosity earnings, however their roles in boosting financing for high-risk sectors are nonetheless weak,” Lee mentioned.In September, President Lee…

As the worldwide synthetic intelligence (AI) funding growth intensifies semiconductor DRAM scarcity, value negotiations that had been beforehand performed on month-to-month and quarterly bases are being restructured round long-term provide contracts of six months or longer. With critical DRAM provide shortages anticipated to proceed driving value will increase subsequent 12 months, demand firms are additionally actively responding to semi-annual contracts. Available in the market, discussions are even extending to 2027 provide contracts as securing subsequent 12 months’s quantity turns into more and more tough. An business insider within the semiconductor sector defined on Nov.…

China rebuffed President Donald Trump’s proposal for nuclear arms management talks as “unreasonable,” at the same time as Beijing has greater than doubled the scale of its arsenal, unveiled an expansive array of nuclear-capable missiles and laid the groundwork for brand spanking new nuclear checks this decade.China has a stockpile of about 600 nuclear warheads — a small fraction of the quantity held by the US or Russia, which have 3,700 and 4,300, respectively, in accordance to the Stockholm Worldwide Peace Analysis Institute, a Swedish assume tank.

The federal government vowed Monday to take strict measures in opposition to unlawful actual property transactions by foreigners, noting their dangerous results on the housing market and residents.An actual property monitoring staff underneath the Workplace for Authorities Coverage Coordination held a gathering with related businesses, throughout which the land ministry reported 210 suspected circumstances of unlawful actual property transactions involving foreigners between June 2024 and final Might.The federal government stated it plans to take obligatory steps in opposition to the circumstances, together with by launching tax inspections, referring them to the prosecution and retrieving loans.It additionally plans to debate toughening…

Kim Jung-kwan, the South Korean minister of commerce, business and assets, delivers a briefing on Nov. 14, 2025, alongside Minister for Commerce Yeo Han-koo (proper) on the small print of the very fact sheet and memorandum of understanding between the US and Korea on tariffs. (Yonhap) South Korea and the US have signed a memorandum of understanding regarding Korea’s strategic funding of US$350 billion within the US, in line with Seoul on Friday. The announcement comes on the heels of the joint truth sheet launched Friday outlining the agreements on tariffs and safety between the 2 nations. The MOU, signed by South…

Samsung Electronics’ LPDDR5X product (Picture courtesy of Samsung Electronics) Amid ongoing reminiscence semiconductor provide shortages as a consequence of competitors in synthetic intelligence (AI) knowledge middle building, Samsung Electronics has raised provide costs for some merchandise by as much as 60%, Reuters reported on Nov. 14. In keeping with semiconductor distributor Fusion Worldwide, the November contract value for Samsung Electronics’ 32 gigabyte (GB) DDR5 reminiscence chip modules was $239 (roughly 350,000 received), a 60% enhance from September ($149). Throughout the identical interval, contract costs for 16GB and 128GB DDR5 reminiscence chips additionally rose by 50%…

When Korea host Ghana in a males’s soccer pleasant match in Seoul on Tuesday, captain Son Heung-min may have an opportunity to reunite along with his former youth coach from Germany, the present Ghana boss Otto Addo.Addo was Son’s coach when the then 17-year-old performed for Hamburger SV’s youth academy in 2009. The 2 additionally crossed paths through the 2022 FIFA World Cup in Qatar, the place Son was Korea’s captain and Addo was main Ghana. Ghana prevailed 3-2 of their group stage match then.Addo, who stepped down after that World Cup, is again on Ghana’s bench for a second…

The federal government has established a particular process power to crack down on unlawful fund transfers and cash laundering linked to transnational crimes, akin to drug trafficking and voice phishing, the customs company mentioned Monday.The duty power goals to stop abroad switch of criminals’ unlawful income by unauthorized remittances, foreign money smuggling and cash laundering amid a current surge in crimes focusing on Korean nationals abroad, in response to the Korea Customs Service.The 126-member staff plans to conduct large-scale investigations into digital asset-based fund switch crimes through the use of suspicious transaction studies (STRs) supplied by the Monetary Intelligence Unit.Authorities…

International delivery firm Hyundai Glovis has efficiently delivered greater than 40 massive Korean protection techniques to Poland, showcasing its logistics capabilities for delicate nationwide safety property.The Hyundai Motor Group subsidiary stated Monday that 20 K2 Black Panther battle tanks made by Hyundai Rotem and 21 Thunder self-propelled howitzers by Hanwha Aerospace arrived safely on the Port of Gdansk. The weapons had been transported on a break-bulk ship, a vessel sometimes used for noncontainerized cargo comparable to automobiles, trains and building gear. Its roll-on and roll-off system allowed the tanks and howitzers to be loaded and unloaded with out disassembly. After…