Author: Seoul Reporter

Guests collect across the Gyeongcheonsa Temple Pagoda on the primary ground of the Nationwide Museum of Korea in central Seoul, Dec. 9, 2025. NewsisBiting chilly and robust winds did little to discourage the crowds streaming into the Nationwide Museum of Korea (NMK) in Yongsan District, central Seoul on Jan. 7. Households with kids on winter break mingled with senior {couples}, whereas clusters of youngsters arrived in teams of three or 4.Wherever this reporter went, together with the museum retailers, the ambiance was dense with folks. “How is it this crowded on a weekday?” one customer exclaimed, scanning the packed corridor…

President Donald Trump shakes palms with Federal Reserve board member Jerome Powell after asserting him as his nominee for the subsequent chair of the Federal Reserve, within the Rose Backyard of the White Home in Washington, Nov. 2, 2017. AP-YonhapWASHINGTON — U.S. prosecutors have opened an inquiry into Federal Reserve Chair Jerome Powell, prompting his uncommon rebuke in opposition to escalating strain from President Donald Trump’s administration — and sharp criticism from former leaders of the central financial institution.In a rare assertion launched in textual content and video Sunday, Powell took purpose on the Trump administration’s “unprecedented motion,” saying the…

Rep. Son Sol of the minor Progressive Get together holds a press convention with civic activists to declare the primary proposal of an anti-discrimination invoice on the twenty second Nationwide Meeting on the parliament in Seoul, Monday. NewsisKorea has seen the formal introduction of a complete anti-discrimination invoice on the twenty second Nationwide Meeting, reviving a long-stalled debate over equal rights and hate speech. The transfer follows the scrapping of a number of related payments in earlier Assemblies and comes amid rising stress from worldwide our bodies to handle the nation’s legislative vacuum.Korea stays certainly one of solely two OECD…

Samsung E&A headquarters in Gangdong-gu, jap Seoul (Picture courtesy of Samsung E&A) Samsung E&A, a number one participant in Korea’s engineering business, is on the verge of securing large-scale abroad tasks early this 12 months. The size of three main abroad plant contracts exceeds 11 trillion gained, strengthening prospects that the corporate is very prone to obtain record-breaking efficiency this 12 months amid excessive trade charges. In response to business sources on Jan. 11, the aggressive bidding outcomes for Saudi Arabia’s SAN-6 Blue Ammonia Mission, wherein Samsung E&A is collaborating, are scheduled to be introduced as…

The picture exhibits a won-based stablecoin can scale back international trade outflows. (Captured from the Korea Capital Market Institute) The federal government and the ruling social gathering have determined to debate the federal government’s proposal for the Fundamental Act on Digital Property (Part 2 cryptocurrency regulation), which incorporates the introduction of a won-denominated stablecoin, on Jan. 20. The federal government has established a coverage to initially allow issuance by bank-led consortiums (holding 50% + 1 share), however with the ruling Democratic Occasion of Korea’s Digital Asset Process Drive (TF) expressing opposition, a troublesome course of is anticipated…

Voters wait in line to solid their ballots on the primary day of early in-person voting in Marion, North Carolina on Oct. 17, 2024. Reuters-YonhapWASHINGTON — People are more and more rejecting the 2 main political events, based on new polling.Just below half, 45 %, of U.S. adults now establish as independents, a brand new Gallup survey discovered. That’s a considerable shift from 20 years in the past, when nearer to one-third of People mentioned they didn’t establish with the Democrats or Republicans.This group seems, more and more, to be pushed by their unhappiness with the occasion in energy, based…

Members of the Seoul metropolis bus union chant slogans on the Seoul Regional Labor Relations Fee in Yeongdeungpo, Seoul, Monday, forward of the union’s deliberate strike. YonhapSeoul’s metropolis bus union will launch a full strike beginning with the primary buses early Tuesday morning after last-minute wage talks with administration collapsed in a single day, elevating considerations over widespread commuting disruptions amid a extreme chilly wave.Negotiations between the union and administration lasted greater than 10 hours and continued previous midnight below mediation by the Seoul Regional Labor Relations Fee. Regardless of extending talks past a self-imposed deadline, the 2 sides failed…

LG Electronics constructing in Yeouido, Seoul (Picture courtesy of LG Electronics) LG Group’s fourth-place rating in mixed market capitalization is below menace as its main companies in electronics, cosmetics, and secondary batteries are concurrently faltering. Whereas the inventory costs of associates, aside from one, have been on a downward trajectory this 12 months, fifth-ranked HD Hyundai Group is threatening the fourth-place place, buoyed by favorable circumstances in shipbuilding, power, and energy gear industries. In line with the Korea Change on Jan. 11, the mixed market capitalization of LG Group’s listed associates, excluding most popular shares,…

Paramount and Warner Bros logos are seen on this illustration taken Dec. 8, 2025. Reuters-YonhapParamount Skydance on Monday sued Warner Bros Discovery for extra info on a rival $82.7 billion cope with Netflix, escalating a battle to take management of one of the crucial storied Hollywood studios.The David Ellison-led firm additionally mentioned it deliberate to appoint administrators to Warner Bros’ board, in one among its most aggressive steps to persuade traders that its $108.7 billion all-cash bid is superior to Netflix’s cash-and-stock deal.Paramount and Netflix have been in a heated battle for Warner Bros, its prized movie and tv studios…

Jongga Kimchi by Daesang Corp. offered at Costco shops in the US (Photograph courtesy of Costco Wholesale) Costco Wholesale, the most important warehouse retailer in the US, has requested South Korean meals firm Daesang Corp. to extend exports of Korean-made kimchi, business sources stated. As kimchi has not too long ago been highlighted as a gut-health meals in U.S. authorities dietary tips, rising curiosity from main retailers is fueling expectations that kimchi may emerge as South Korea’s third main export hit within the meals sector, following the worldwide success of prompt noodles comparable to Buldak ramen and…