Author: Seoul Reporter

[ad_1] The South Korean president met with leaders from France, Germany, India and extra on the sidelines of the G20 summit in South Africa President Lee Jae Myung of South Korea (second from left) speaks on the third session of the G20 summit in Johannesburg, South Africa, on Nov. 23, 2025. (pool photograph) South Korean President Lee Jae Myung labored by way of a breathless three-day schedule of summits with the leaders of France and Germany and pull-aside conferences with the leaders of India and Brazil through the Group of 20 summit.In a written briefing on Sunday, the presidential workplace…

[ad_1] Korea’s economic system will possible develop 1.9 % subsequent yr, led by a restoration in home consumption, whereas exports are anticipated to dip 0.5 % after hitting an all-time excessive in 2025, a state-run suppose tank mentioned Monday.The Korea Institute for Industrial Economics & Commerce (KIET) made the projection, saying that exports are anticipated to barely lower in 2026 attributable to a base impact and lingering world commerce uncertainties, however home consumption will proceed its upward momentum.In 2025, Korea’s yearly exports will possible surpass the $700 billion mark for the primary time in historical past, marking a 2.5 %…

[ad_1] Samsung Biologics headquarters (Picture courtesy of Samsung Biologics) Samsung Biologics has accomplished its split-off from Samsung Bioepis and can resume buying and selling on the KOSPI market on Nov. 24. Samsung Epis Holdings has additionally been relisted on the identical day, making buying and selling attainable. In Might, Samsung Biologics introduced a split-off of its funding and subsidiary administration division to ascertain Samsung Epis Holdings. It then submitted its securities registration assertion in August, the split-off took impact in September, and it accomplished all procedures after the approval at a unprecedented shareholders’ assembly in…

[ad_1] Byeon Ung-jeon, a well-liked tv host and three-term lawmaker, has died on the age of 85, his household stated Monday.He handed away the earlier evening at a hospital in Seoul, based on the household.Born in 1940 in Seosan, South Chungcheong Province, Byeon started his broadcasting profession in 1963 as an announcer for KBS. He was later scouted by MBC in 1969, the place he grew to become a family identify.Constructing on his glorious internet hosting skills, he reached the peak of his fame within the Seventies and Eighties, main common packages together with MBC’s “Cheerful Sports activities Day.”In 1995,…

[ad_1] Consideration is rising over the extent of penalties MBK Companions might face, after the Monetary Supervisory Service (FSS) despatched the non-public fairness agency, which controls Homeplus, an advance discover of “extreme” disciplinary motion amid ongoing controversy over the retailer’s software for a court-led company rehabilitation program, in line with monetary trade officers Monday.The monetary watchdog had initially deliberate to attend for the prosecution to conclude its investigation earlier than taking any motion, however its stance shifted after new Governor Lee Chan-jin took workplace in August. Lee, a former public curiosity lawyer with ties to progressive civic teams, directed FSS…

[ad_1] Monetary authorities together with the Korea Monetary Intelligence Unit (FIU) are collectively responding to unlawful money-laundering actions highlighted lately in reference to Cambodia-related crime. (Picture: BusinessKorea DB) Monetary authorities together with the Korea Monetary Intelligence Unit (FIU) and the Monetary Supervisory Service (FSS) are shifting to collectively reply to unlawful money-laundering actions highlighted lately in reference to Cambodia-related crime. On the Authorities Advanced Seoul on Nov. 24, the FIU convened the “Council of Associated Businesses for Anti-Cash Laundering,” calling collectively executives from 16 associated establishments and anti-money laundering (AML) officers from banks and digital…

[ad_1] A non-public group selling inter-Korean sports activities exchanges stated Monday it is going to search to stage a global youth soccer match in North Korea’s Wonsan subsequent 12 months, the place groups from the 2 Koreas might compete and assist thaw stalled ties.Kim Kyung-sung, head of the Inter-Korea Sports activities Change Affiliation, disclosed the push in a duplicate of his presentation at a coverage debate held on the Nationwide Meeting.Kim stated his group held a closed-door working-level dialogue with the April 25 Sports activities Membership, a North Korean sports activities group, in China’s Guangxi in July, including that it’ll…

[ad_1] A court docket on Monday sentenced the chief of a Telegram-based intercourse crime ring to life imprisonment for sexually exploiting 261 individuals, together with minors, over practically 5 years.Kim Nok-wan, 33, was charged with organizing and dealing for the crime ring often known as “The Vigilantes,” producing and distributing sexual exploitation movies, forcing using illegally produced movies and quasi-rape.Along with the jail time period, the Seoul Central District Courtroom ordered the publication of Kim’s private info on digital networks for 10 years, 10 years of employment restriction and 30 years of carrying an digital gadget.Kim ran the crime ring…

[ad_1] Japan has opted to struggle fireplace with fireplace in its ongoing spat with China, with its protection minister paying visits to navy bases close to Taiwan Chinese language International Minister Wang Yi speaks on the Lanting Discussion board in Beijing on Oct. 27, 2025. (Reuters/Yonhap) The Chinese language authorities is ramping up its stress on Japan on all fronts after Japanese Prime Minister Sanae Takaichi implied that Japan may train its proper to collective self-defense within the occasion of a disaster in Taiwan. Japan is responding with its personal stress techniques, as demonstrated by Japanese Protection Minister Shinjiro Koizumi’s go…

[ad_1] A government-initiated lending coverage is backfiring in opposition to its goal of supporting low-income debtors because it additionally rewards these with low credit score scores, business officers stated Monday.They stated the coverage, a part of “inclusive finance” efforts, wrongly treats low-income and low-credit-score debtors alike, regardless that low-credit debtors could be delinquent or inconsistent in compensation slightly than low in earnings.Below the circumstances, these low-credit debtors obtain extra favorable borrowing charges than these with greater credit score scores, regardless of falling brief on key credit score evaluation standards, together with compensation historical past and excellent balances.Many meant beneficiaries of…