Author: Seoul Reporter

Monetary Companies Fee (FSC) Vice Chairman Kwon Dae-young speaks throughout a gathering of the duty drive on monetary group governance reform at Authorities Advanced Seoul, Friday. Courtesy of FSC Tensions inside the monetary business are mounting as authorities step up strain by launching a company governance job drive and signaling powerful on-site inspections geared toward curbing the long-standing apply of economic holding firm chairmen securing reappointments, business sources stated Friday.Market consideration is especially targeted on KB Monetary Group, the place Chairman Yang Jong-hee’s time period expires in November. Whereas most monetary holding corporations wrapped up their management succession processes lately,…

Kim Jae-cheol (fourth from proper), honorary chairman of Dongwon Group, and Lee Kwang-hyung (fifth from proper), president of KAIST, pose for a commemorative picture after signing a donation settlement for the development of Kim Jae-cheol AI Graduate College at Dongwon Group headquarters in Seoul on Jan. 16. (Picture courtesy of KAIST) “I hope KAIST will leap ahead to turn into the world’s No. 1 synthetic intelligence (AI) analysis establishment.” These have been the phrases of encouragement from Kim Jae-cheol, honorary chairman of Dongwon Group, as he pledged a further 5.9 billion gained in growth funds…

Chef Lim Seong-geun showing on “You Quiz on the Block”/ Courtesy of tvNThe standing of cooks within the leisure business has shifted. As soon as restricted to showing as panelists or assistants to celebrities on cooking packages, they’ve now risen to take middle stage.Following the current success of Netflix’s “Culinary Class Wars” and JTBC’s “Chef & My Fridge,” also called “Please Take Care of My Fridge,” broadcasters are scrambling to solid superstar cooks.”Culinary Class Wars” went past a easy cooking survival present, constructing particular person narratives and worldviews for every chef. The “Black Spoon” versus “White Spoon” idea turned cooks…

A girl holding her child in her arms seems to be at a view of Seoul shrouded by advantageous mud throughout a polluted day in Seoul, South Korea, March 6, 2019. REUTERS The federal government has begun establishing mid- to long-term nationwide growth methods to beat the inhabitants disaster, which is instantly linked to the nation’s progress potential. Warnings have emerged that Korea will turn out to be the nation with the very best proportion of aged inhabitants on the earth by 2045.  Towards this backdrop, the Ministry of Planning and Price range held on…

This composite photograph reveals a part of round 23,000 items of the late Samsung Group Chairman Lee Kun-hee’s artwork assortment. Courtesy of Samsung ElectronicsMembers of the Samsung founding household are set to attend an occasion in Washington this month marking a profitable abroad exhibition of a set of artwork collected by late Samsung Group Chairman Lee Kun-hee, trade sources stated Friday.Samsung Electronics Chairman Lee Jae-yong, the late tycoon’s solely son, and his mom, Hong Ra-hee, honorary director of the Leeum Museum, plan to go to Washington for the celebration as the gathering is on show on the Smithsonian Nationwide Museum…

Venezuelan opposition chief Maria Corina Machado greets supporters on Pennsylvania Avenue close to the White Home in Washington, Jan. 15, after assembly with President Donald Trump. AP-YonhapWASHINGTON — Venezuelan opposition chief Maria Corina Machado gave her Nobel Peace Prize medal to U.S. President Donald Trump on Thursday throughout a White Home assembly, in a bid to affect his efforts to form her nation’s political future.A White Home official confirmed that Trump intends to maintain the medal.In a social media put up on Thursday night, Trump wrote: “Maria offered me along with her Nobel Peace Prize for the work I’ve carried…

President Lee Jae Myung, heart entrance, poses for a photograph with leaders of the ruling Democratic Social gathering of Korea and 5 minor events throughout a luncheon assembly at Cheong Wa Dae, Friday. YonhapPresident Lee Jae Myung met with the leaders of ruling and opposition events on Friday to debate bipartisan cooperation and pending state affairs, Cheong Wa Dae mentioned.The luncheon assembly, held at Cheong Wa Dae, introduced collectively the leaders of the ruling Democratic Social gathering of Korea (DPK) and 5 minor events. Jang Dong-hyeok, the chief of the primary opposition Folks Energy Social gathering, didn’t attend the assembly.On…

Girls’s Bioscience Discussion board (WBF) President Yim Hyung-shin, left, and Lee Woo-kyun, chairman of the Moonsook Science Basis, pose after extending their memorandum of understanding (MOU) on the basis’s workplace in Seoul, Friday. Courtesy of WBFThe Girls’s Bioscience Discussion board (WBF) and the Moonsook Science Basis have reaffirmed their partnership to assist and foster excellent girls scientists by means of the Moonsook Saebyul Award.On Friday, the 2 organizations prolonged their memorandum of understanding (MOU) on the basis’s workplace in Seoul, confirming their dedication to collectively function the award and preserve a broader framework of cooperation. The renewed settlement builds on…

Officers work at a dealing room of Hana Financial institution in Seoul, Friday. YonhapThe Korean foreign money fell beneath the 1,470 received degree per U.S. greenback Friday, retreating after a single-session rebound amid broad greenback power and a weaker yen.The received was quoted at 1,473.6 received in opposition to the dollar at 3:30 p.m., down 3.9 received from the earlier session.The native foreign money had fallen for 10 consecutive buying and selling periods by means of Wednesday earlier than snapping the shedding streak Thursday after U.S. Treasury Secretary Scott Bessent mentioned the received’s latest weak spot just isn’t consistent with…

North Korean folks participate within the opening ceremony of a photograph exhibition in Pyongyang, Monday, to mark the eightieth anniversary on Jan. 17 of the Socialist Patriotic Youth League’s basis, on this photograph revealed by Korean Central Information Company. Yonhap North Korea will stage large-scale occasions marking the eightieth anniversary of the founding of its largest youth group, state media reported Friday, in what’s seen as an effort to drum up youth loyalty forward of a key social gathering congress.Exemplary youth and military service members from throughout the nation arrived in Pyongyang the day prior to this to take part…