Author: Seoul Reporter

North Korea is anticipated to ship a large-scale group to compete in subsequent yr’s Asian Video games in Japan, a pro-North Korea newspaper based mostly in Japan reported Friday.The Japan-based Choson Sinbo, thought of to signify North Korea’s official stance, reported the information in its Friday version, noting the launch final month of an Asian Video games preparation physique by a sport unit of the Basic Affiliation of Korean Residents in Japan.The North Korean group to be dispatched might embrace athletes for each males’s and girls’s soccer, weightlifting, judo, wrestling and different fields, in line with the Choson Sinbo.An official…

KYIV, Ukraine — Russia unleashed a serious missile and drone barrage on Kyiv early Friday, killing 4 folks, beginning fires and scattering particles because the sound of explosions boomed throughout town, Ukrainian authorities mentioned. A pregnant girl was amongst no less than 34 folks injured.Emergency crews responded to a number of strikes in the course of the evening, mentioned Tymur Tkachenko, head of Kyiv’s navy administration. Russia used no less than 430 drones and 18 missiles within the assault, Ukrainian President Volodymyr Zelenskyy mentioned.Russia has waged an aerial marketing campaign towards Ukraine since its all-out invasion of its neighbor almost…

President Lee Jae Myung on Friday accepted the resignation of performing Prosecutor Common Noh Man-seok, the presidential workplace mentioned, amid an inside feud over the prosecution’s resolution to not enchantment a high-profile corruption case.Lee permitted Noh’s dismissal, presidential spokesperson Kim Nam-jun informed reporters, two days after Noh tendered his resignation.Noh supplied to step down after prosecutors determined to not enchantment towards a corruption case involving an actual property growth mission in Seongnam, simply south of Seoul, from when Lee was town’s main.The choice to not enchantment the case earlier than final Friday’s deadline has sparked sturdy pushback from throughout the…

On Oct. 21, 2024, then-President Yoon Suk-yeol and Folks Energy Celebration chief Han Dong-hoon chat throughout a stroll on the presidential workplace’s garden in Seoul. (courtesy of the presidential workplace) Former President Yoon Suk-yeol reportedly criticized former Folks Energy Celebration chief Han Dong-hoon as a “commie” and urged the army intervene in legislative deadlocks on the Nationwide Meeting throughout an abroad journey final July, 5 months earlier than declaring martial legislation.On Thursday, the Hankyoreh discovered particulars relating to Yoon’s notion of the political gridlock towards the top of his administration, together with legislative opposition on the Nationwide Meeting. The data…

The Korean forex is predicted to realize in opposition to the U.S. greenback, stabilized by the Korea-U.S. tariff settlement that outlined the export-reliant economic system’s international change (FX) stability wants, market watchers mentioned Friday. The change charge, which surged to 1,475 received per greenback, has been and can proceed to enhance, underpinned by Korea’s robust financial fundamentals, together with higher-than-expected gross home product (GDP), recovering semiconductor exports and the narrowing rate of interest differential between Korea and the U.S., in accordance with analysts. In line with monetary market information, the received opened at 1,471.9 per greenback, up 4.2 received from…

WASHINGTON — The U.S. and South Korea launched particulars of an settlement on Thursday that features a $150-billion Korean funding within the shipbuilding sector authorised by Washington, together with a further $200 billion in Korean funding beneath a Memorandum of Understanding, the White Home mentioned.The joint assertion follows a gathering in October between South Korean President Lee Jae Myung and U.S. President Donald Trump, the place they agreed to a deal that will lower U.S. import duties on South Korea’s merchandise to fifteen% from an earlier 25%.”This deal contains $150 billion of Korean funding within the shipbuilding sector authorised by…

A scandal, involving kickbacks at Ukraine’s state nuclear energy firm, has revived issues about European cash being siphoned off by graft as a substitute of serving to battle Russia.

South Korea and america agreed to speed up the switch of wartime operational management (OPCON) as a part of efforts to “modernize the alliance,” a transfer that aligns with President Lee Jae Myung’s pledge to finish the transition inside his time period.The dedication, detailed Friday in a joint reality sheet, marks a essential step towards Korea taking full, impartial accountability for its personal protection practically 75 years after the 1950-53 Korean Struggle.The actual fact sheet states that the 2 leaders will proceed cooperation towards the switch of OPCON, which might shift wartime authority from the U.S. to South Korea as…

The joint reality sheets on the Korea-United States commerce negotiations launched Friday have eased a lot of the uncertainty dealing with home manufacturing industries by confirming the applying of a 15 p.c tariff. Nevertheless, a number of contentious points stay unresolved in areas comparable to digital commerce, semiconductors and genetically modified organism (GMO) agricultural merchandise, probably signaling additional debates forward.In line with the very fact sheets, the 2 nations “commit to make sure that U.S. firms are usually not discriminated towards and don’t face pointless limitations by way of legal guidelines and insurance policies regarding digital companies, together with community…

Cha Jae-byung (left), appearing CEO of Korea Aerospace Industries (KAI), and Han Jin-man, president of Samsung Electronics’ DS Division Foundry Enterprise Unit, take a commemorative picture after signing a mutual cooperation MOU at KAI headquarters in Sacheon, South Gyeongsang Province on Nov. 14. (Picture courtesy of KAI) Samsung Electronics is becoming a member of arms with Korea Aerospace Industries (KAI) to develop synthetic intelligence (AI) semiconductors for protection functions. The purpose is to develop semiconductors optimized for Korea’s weapons and aerospace programs to realize technological independence and provide chain stabilization. Samsung Electronics, which has targeted on producing semiconductors…