Author: Seoul Reporter

The KOSPI and the won-dollar alternate price are proven on an digital board within the dealing room of Hana Financial institution’s headquarters in Euljiro, Seoul, on Nov. 14. (Captured from YTN) Regardless of the decline in worldwide oil costs, import costs final month rose almost 2 % as a result of affect of a excessive alternate price. Based on the “October 2025 Export and Import Value Index” launched by the Financial institution of Korea on Nov. 14, import costs in October elevated 1.9 % from the earlier month within the Korean gained phrases. This marks the…

NEW YORK — The U.S. shutdown has ended however the hangover is simply starting for traders, who fear gaps in financial knowledge will delay and even derail Federal Reserve charge cuts simply as worries over lofty AI inventory valuations have put recent strain on corporations’ shares and bonds.Concern drove the heaviest selloff for the rate-sensitive Nasdaq in a month on Thursday on the heels, every week in the past, of its largest weekly drop since April. The index, which has soared this 12 months with booming AI shares, is down about 5 % from October’s peak.Indexes rotated on Friday, with…

A inventory investor checks inventory costs along with his cell phone. (Captured from YTN) The rise in family loans at banks expanded in October in contrast with the earlier month. Whereas mortgage loans slowed, demand for “debt-financed funding,” borrowing cash to put money into shares, grew and pushed general family mortgage development upward. In line with the “October Monetary Market Developments” report launched by the Financial institution of Korea (BOK) on Nov. 13, family mortgage balances at deposit-taking banks on the finish of October stood at 1,173.7 trillion received (roughly $803.41 billion), marking a rise…

ZURICH — The US will slash its tariffs on items from Switzerland to fifteen % from a crippling 39 % beneath a brand new framework commerce settlement that features a pledge by Swiss corporations to speculate $200 billion into the U.S. by the tip of 2028, the Swiss authorities mentioned on Friday.”This settlement places Switzerland on an equal footing with the European Union and brings the tariff degree down from 39 % to fifteen %,” Swiss Financial system Minister Man Parmelin mentioned in saying the deal, which impacts about 40 % of Switzerland’s exports.“After all, we would favor (the $200…

President Lee Jae Myung proclaims the Korea-U.S. truth sheet settlement on the presidential workplace press convention room in Yongsan, Seoul on Nov. 14. (Captured from KBS) President Lee Jae Myung introduced the joint truth sheet of the Korea-U.S. tariff and safety settlement on Nov. 14. This comes 16 days after President Lee and U.S. President Donald Trump reached settlement on main points associated to tariffs and safety on the Korea-U.S. summit in Gyeongju on October 29. Lee introduced the actual fact sheet on the presidential workplace in Yongsan, Seoul, stating, “The preparation of explanatory supplies containing the…

With all 5 NewJeans members expressing their intention to return to Ador, followers are actually asking the massive query dominating the Okay-pop business: Can the group reclaim the highest place they as soon as held earlier than a yr of authorized battles, press conferences and political hearings derailed their momentum?The quintet’s return comes precisely one yr after they introduced the termination of their unique contracts in November 2024. Though Haerin and Hyein have formally resumed actions with Ador, the opposite three members — Minji, Hanni and Danielle — have solely declared their intention to return, and remaining agreements with the…

Samsung Electronics holds the Silicon Valley Future Communications Summit 2025 in Mountain View, Silicon Valley, United States on Nov. 13 (native time). (Photograph courtesy of Samsung Electronics) Samsung Electronics has organized a convention in Silicon Valley to current modern instructions for future communication applied sciences utilizing synthetic intelligence (AI) and collaborate on the event of next-generation communication applied sciences. The corporate held the Silicon Valley Future Communications Summit 2025 in Mountain View, Silicon Valley, United States on Nov. 13 (native time). This occasion was carried out beneath the theme “New Potentialities Opened by AI Networks” with participation from over 100…

South Korea reported a extremely pathogenic avian influenza case at a laying hen farm in southwestern Gyeonggi Province, authorities stated Friday.The H5 chicken flu was detected on the farm in Pyeongtaek, about 50 kilometers south of Seoul, the Central Catastrophe Administration Headquarters (CDMH) stated.The CDMH despatched a response workforce to the farm to take quarantine measures, together with entry management, culling and an epidemiological evaluation.It additionally issued a 36-hour non permanent ban on actions round all hen farms nationwide, associated livestock amenities and transport automobiles.Authorities known as on the general public to remain away from areas visited by migratory birds…

Daewoong Pharmaceutical’s diabetes remedy drug Enblo (Picture courtesy of Daewoong Pharmaceutical) Daewoong Pharmaceutical introduced on Nov. 14 that it has signed export contracts price a complete of 33.7 billion gained with eight Latin American international locations together with Ecuador, Guatemala, and Costa Rica for its diabetes remedy drug Enblo. This brings the full variety of Latin American international locations to which Enblo is exported to 10. The corporate said that this contract was signed along with current export contracts with Brazil and Mexico by cooperation with companion firm M8, bringing the full contract worth to 143.3 billion…

Rumors claiming that former EXO member Kris Wu has died in jail are spreading throughout Chinese language social media, prompting police to subject an uncommon public denial and warn customers towards circulating unverified claims.On Thursday, Taiwanese media reported that hypothesis about Wu’s alleged loss of life was gaining traction amongst Chinese language netizens. The claims started after a consumer on Weibo — China’s largest social media platform — posted that he was Wu’s “fellow inmate” and alleged that the singer had not too long ago died underneath suspicious circumstances.The consumer wrote that jail guards have been “whispering unusually a couple…