Author: Seoul Reporter

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…

Lee Sang-hoon, CEO of ABL Bio (BusinessKorea DB) ABL Bio introduced on Nov. 14 that it has acquired an fairness funding value 22 billion received from Eli Lilly (Lilly). This comes simply two days after saying a know-how switch contract value $2.602 billion (roughly 3.8 trillion received) with Lilly. This marks the primary case of a worldwide large pharma serving as a strategic investor (SI) for a home biotech firm. ABL Bio disclosed that it selected a third-party allocation paid-in capital enhance value 22.04245 billion received focusing on Lilly. A complete of 175,079 widespread shares will…

COPENHAGEN – Greenland’s parliament has adopted laws limiting foreigners’ proper to personal property on the huge Arctic island, following mounting curiosity from US buyers on the Danish territory coveted by President Donald Trump.The textual content was adopted late Thursday by 21 votes, with six lawmakers abstaining.Non-Danish residents and international corporations will solely be allowed to purchase property or land-use rights if they’ve been everlasting residents and paid all their taxes in Greenland for the earlier two years.”Folks with Danish nationality should purchase a property and land-use rights in Greenland,” the brand new regulation specified.Earlier this 12 months, a survey carried…

A Buddhist portray courting to the late Joseon Dynasty has been returned to Korea from the US, about 70 years after it’s believed to have been faraway from a temple within the aftermath of the 1950–53 Korean Struggle.The Metropolitan Museum of Artwork in New York stated Friday it has repatriated “Siwangdo” — certainly one of a 10-piece sequence depicting the ten kings of the afterlife — to Sinheung Temple within the jap coastal metropolis of Sokcho.Painted in 1798 throughout the Joseon Dynasty (1392-1910), the work is believed to have been taken illicitly from the temple’s Myeongbujeon, a corridor devoted to…

NewJeans performs on the Tokyo Dome in Japan in Could 2025. (courtesy of ADOR) Now that every one 5 members of the Okay-pop group NewJeans have introduced their return to their administration company ADOR, the world waits with bated breath for his or her long-overdue comeback.Inside two hours of ADOR publicly saying Haerin and Hyein’s return to the company on Wednesday, Minji, Hanni and Danielle additionally revealed their intention to return, avoiding a worst-case state of affairs wherein the group broke up. ADOR did initially trigger some confusion following Minji, Hanni and Danielle’s announcement by saying that it was “verifying” their…

Korean shares plunged practically 4 % Friday, snapping a four-day profitable streak, as dwindling hopes for a near-term fee reduce prompted a promoting spree. The Korean received rose sharply towards the U.S. greenback.The benchmark Korea Composite Inventory Value Index (KOSPI) sank 159.06 factors, or 3.81 %, to 4,011.57.Commerce quantity was average at 396.5 million shares value 17.9 trillion received ($12.3 billion). Losers outnumbered winners 717 to 169.Foreigners and institutional buyers have been web sellers, every offloading 2.4 trillion received and 900.2 billion received value of shares, respectively. In distinction, retail buyers turned web patrons after 4 consecutive classes of promoting,…

South Korean President Lee Jae Myung stated on Friday that the US has agreed to help Seoul’s long-held pursuit of nuclear-powered submarines and expanded authority over nuclear gasoline processing as the 2 international locations launched the ultimate outcomes of their commerce and safety settlement signed final month.In a Joint Truth Sheet launched on Friday, the 2 governments additionally dedicated to exploring measures that will allow not solely US business vessels, but additionally US Navy ships to be inbuilt South Korea, a possibility that might generate a market price a number of billion {dollars} yearly.”The US has given approval for South…

AL-MUGHAYYIR, West Financial institution — For Palestinian farmers within the occupied West Financial institution, the annual olive harvest has develop into a time of terror.A lot of these working the fields this fall hold one eye on the highway, in case Israeli settlers descend from the hilltops to assault. In a single assault, a 54-year-old Palestinian girl was clubbed unconscious. In one other, a 50-year-old man was overwhelmed so badly that he was unable to flee his automotive, which was set ablaze. On Tuesday, two weeks on, he was nonetheless within the ICU.

Appearing Prosecutor Normal Noh Man-seok gave no clarification for the prosecution’s controversial resolution to not enchantment a land improvement corruption case linked to President Lee Jae Myung as he departed the prosecution Friday.Noh spoke at his retirement ceremony on the Supreme Prosecutors Workplace, two days after he supplied to resign amid fierce inner backlash over his function in dropping the enchantment, which critics allege was a results of authorities interference.Although there have been expectations Noh would tackle the controversy in his retirement speech, he didn’t provide any particulars, besides to counsel there was a scarcity of communication with the group…