Author: Seoul Reporter

[ad_1] CAIRO — South Korean President Lee Jae Myung on Thursday unveiled a complete initiative for cooperation within the Center East that goals to advertise regional peace, deepen financial partnerships and increase cultural and people-to-people exchanges, as he was in Cairo on a multinational journey to the area.Talking at Cairo College, Lee outlined the “SHINE” initiative, which stands for stability, concord, innovation, community and schooling, as he underlined his administration’s dedication to strengthening ties with the area — essential for power safety, commerce and different areas of cooperation.Stability and concord — the 2 parts of the initiative — will function…

[ad_1] Korea’s benchmark inventory index, the KOSPI, just lately soared previous the 4,000 mark for the primary time, a surge that might sign exuberant confidence in most main economies. But, beneath the quantity, a way of tension persists, fueled by a protracted historical past of stagnation and a deep-seated concern amongst home traders that they’re higher off betting on Wall Road than on Seoul. For years, the index had been caught between 1,800 and a pair of,100 — a protracted stretch of stagnation within the early 2010s that earned it the nickname “BoxPI,” a play on “field sample.” Formed by…

[ad_1] Samsung Electronics’ Pyeongtaek campus (Picture courtesy of Samsung Electronics) Samsung Electronics will convert a part of its NAND flash manufacturing traces on the Pyeongtaek and Hwaseong campuses into DRAM manufacturing services to reply to the surging semiconductor DRAM demand pushed by the worldwide growth of synthetic intelligence (AI) infrastructure funding. The corporate additionally plans to ascertain Pyeongtaek Plant 4 (P4) as a DRAM-dedicated line making use of the newest course of (1c) to maximise earnings. An business insider mentioned on Nov. 20, “Samsung Electronics is taking a conservative strategy to the NAND flash market,”…

[ad_1] If HYBE Labels’ “multi-home, multi-genre” technique has already begun reshaping pop via its U.S. and Japan branches with acts like KATSEYE and &TEAM, the corporate is now extending that blueprint to Latin America with its latest mission, SANTOS BRAVOS.Fashioned via a televised actuality collection of the identical identify that aired from August to October, the five-member boy group — Drew, Alejandro, Kaue, Gaby and Kenneth — represents HYBE’s most formidable localization effort but. The band’s launch suggests the technique is paying off: SANTOS BRAVOS debuted with a live performance in Mexico, promoting out each seat and positioning themselves as…

[ad_1] PET movie (Captured from YouTube) The Commerce Fee beneath the Ministry of Commerce, Trade and Vitality has determined to conduct an interim evaluation of anti-dumping obligation charges imposed on Chinese language PET movie and lift them to just about 10 occasions the present stage. This marks the primary time the Commerce Fee has utilized the interim evaluation system to re-examine anti-dumping obligation charges on the request of Korean firms. The Commerce Fee introduced on Nov. 20 that it held its 466th assembly to deliberate and determine on anti-dumping obligation imposition on Chinese language PET…

[ad_1] President Lee Jae Myung wrapped up his journey to the UAE with a go to to Korean troops stationed within the nation President Lee Jae Myung of South Korea walks with Sheikh Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, upon arriving on the presidential palace in Abu Dhabi for a state go to on Nov. 18, 2025. (Yonhap) President Lee Jae Myung introduced plans to strengthen cooperation between Korea and the United Arab Emirates in high-tech and strategic industries comparable to synthetic intelligence and protection throughout his go to to the Center Japanese nation.“Korea…

[ad_1] A welcome ceremony is held for US President Donald Trump and President Lee Jae Myung of South Korea as they arrive on the Gyeongju Nationwide Museum’s latest addition forward of their bilateral summit on Oct. 29, 2025. (Kim Tae-hyeong/Hankyoreh) By Park Hyun, editorial authorLatest remarks by Evan Medeiros, the White Home senior director for Asian affairs in the course of the Barack Obama administration and present professor at Georgetown College, provide frank perception into America’s view of Korea-US relations. Medeiros’ feedback got here at a Middle for Strategic and Worldwide Research discussion board assessing President Donald Trump’s go to to…

[ad_1] Naver Chairman Lee Hae-jin (left) and Saudi Minister of Municipalities and Rural Affairs and Housing (MOMRAH) Majed Al-Hogail alternate items on the Cityscape International Expo 2025 held in Riyadh, Saudi Arabia on Nov. 18 (native time). (Picture courtesy of Saudi Press Company) Naver Chairman Lee Hae-jin met with a Saudi Arabian minister to debate increasing their current cooperative relationship to the digital finance sector. This comes as Lee expands the scope of cooperation with the Saudi authorities to incorporate stablecoins and synthetic intelligence (AI) information facilities forward of the great inventory alternate between Naver Monetary and Dunamu. …

[ad_1] Labor Minister Kim Younger-hoon referred to as for legislative efforts Thursday to lift the statutory age of retirement by the top of this yr, whereas emphasizing that each corporations and labor teams ought to attain a compromise amid the nation’s quickly growing older inhabitants.Talking to reporters on the authorities complicated within the central metropolis of Sejong, Kim emphasised that extending the retirement age is “a path that should be taken,” whereas acknowledging challenges in narrowing variations between the 2 sides.”Elevating the authorized retirement age may result in clashes on the subject of jobs at massive corporations and public establishments,…

[ad_1] Prime Minister Kim Min-seok provides an pressing briefing on the authorities complicated in Seoul on South Korea’s victory in a authorized battle difficult an order to compensate the personal fairness fund Lone Star over the sale of a neighborhood financial institution. (Yonhap) The South Korean authorities emerged victorious in its case to request the reversal of an investor-state dispute settlement arbitration ruling ordering it to pay the US personal fairness agency Lone Star compensation for a delay in its sale of Korea Trade Financial institution (KEB).Along with not being required to pay roughly 400 billion gained in compensation and…