Author: Seoul Reporter

[ad_1] The CIs of Naver (high) and Dunamu (Picture courtesy of Naver and Dunamu) The merger between Naver Monetary, a subsidiary of Naver, and Dunamu, the operator of Korea’s largest digital asset alternate ‘Upbit’, has entered the ultimate countdown. With Naver Monetary’s company worth estimated at roughly 4.7 trillion to five trillion gained and Dunamu’s company worth estimated at roughly 14 trillion to fifteen trillion gained, an alternate ratio of 1 to three is probably going. Based on the funding banking (IB) trade on Nov. 19, Naver and Dunamu plan to carry respective board conferences…

[ad_1] In Korea, music streaming is not nearly listening — it’s changing into a life-style. As Korean popular culture continues to broaden its world affect and Gen Z turns playlists into instruments of self-expression, music platforms are racing to maintain up. What was once a simple alternative between a number of home providers has shifted right into a multi-platform behavior: one app for chart voting, one other for discovery, one other for temper playlists. On this new panorama, Spotify is attempting to maneuver from “simply one other app” to one thing nearer to a life-style model, embedding itself into day…

[ad_1] Lee Ju-ho, a judoka on the staff run by the Korea Deposit Insurance coverage Corp. (KDIC), received a bronze medal on the 2025 Tokyo Deaflympics on Nov. 16. The 20-year-old, competing on the worldwide stage for the primary time in opposition to a sequence of sturdy opponents, stated, “Not giving up till the very finish was the important thing to victory.”The Deaflympics is an Olympic-level worldwide competitors for athletes with listening to impairments, organized by the Worldwide Committee of Sports activities for the Deaf. The 2025 Tokyo Deaflympics, which commenced Nov. 15, marks the a hundredth anniversary of the…

[ad_1] LONDON/KYIV — The U.S. has signalled to President Volodymyr Zelenskyy that Ukraine should settle for a U.S.-drafted framework to finish the struggle with Russia that proposes Kyiv giving up territory and a few weapons, two individuals acquainted with the matter stated on Wednesday.The sources, who requested to not be recognized due to the sensitivity of the matter, stated the proposals included chopping the scale of Ukraine’s armed forces, amongst different issues. Washington needs Kyiv to just accept the details, they stated.Such a plan would symbolize a serious setback for Kyiv because it faces additional Russian territorial positive aspects in…

[ad_1] One in 5 married ladies with youngsters skilled profession interruptions this yr, authorities knowledge confirmed Thursday, marking the bottom stage largely resulting from change in social notion and improved work–life steadiness insurance policies.The variety of married ladies aged 15 to 54 residing with youngsters underneath the age of 18 who left the workforce had stood at 885,000 as of April, down 85,000 from a yr earlier, in line with knowledge from the Ministry of Knowledge and Statistics.The ratio of married ladies who skilled profession breaks got here to 21.3 %, down 1.4 proportion factors from a yr earlier, the…

[ad_1] The chief of the nation’s monetary regulator Thursday urged bank card companies to redouble efforts to guard buyer information, citing a current information breach case.In a gathering with heads of bank card companies and credit score finance corporations, Lee Eog-weon, chairman of the Monetary Providers Fee (FSC), mentioned his company will sternly punish any negligence in shopper safety.His remarks got here as Lotte Card, the nation’s fifth-largest card issuer, in September revealed private information of some 3 million prospects had been leaked in a hacking incident.The FSC earlier warned that it might take stern measures in opposition to any…

[ad_1] Korea’s auto exports decreased 10.5 p.c from a yr earlier in October, largely as a result of fewer enterprise days brought on by the prolonged Chuseok vacation, knowledge confirmed Thursday.The worth of outbound shipments of vehicles got here to $5.5 billion final month, in contrast with $6.2 billion the identical month final yr, in keeping with the info from the Ministry of Commerce, Business and Sources.The worth of accrued auto exports from January to October, in the meantime, reached an all-time excessive of $59.6 billion.The ministry mentioned October exports had been weak because of the fall harvest Chuseok vacation…

[ad_1] The darkish thriller “No Different Selection” received Finest Movie on the forty sixth Blue Dragon Movie Awards on Wednesday, with director Park Chan-wook taking Finest Director and lead actress Son Ye-jin incomes Finest Actress.Primarily based on the 1997 satirical thriller novel “The Ax” by American novelist Donald E. Westlake, the movie follows the story of a determined father of two who wages his personal private battle for survival after shedding his long-time job.It was director Park’s fourth win in the identical class of the pageant. Lee Sung-min received Finest Supporting Actor for his efficiency as a rival to the…

[ad_1] Samsung Show Co., the panel-making arm of Samsung Electronics Co., has gained in a years-long patent combat with China’s BOE Know-how Group, clearing the best way for the South Korean show maker to gather sizable royalty revenue and reinforce its place within the international natural light-emitting diode (OLED) provide chain.The US Worldwide Commerce Fee introduced on Tuesday that Samsung Show and BOE have terminated all litigation after greater than three years of disputes spanning patent infringement, trade-secret misappropriation and proposed import bans on OLED know-how. The ITC, Washington’s watchdog for unfair commerce practices, stated the instances had been withdrawn…

[ad_1] An advisory committee of the Korea Heritage Service (KHS) expressed robust issues on Thursday over the Seoul Metropolitan Authorities’s plan to construct high-rise buildings close to the historic Jongmyo Shrine.The Cultural Heritage Committee underneath the KHS criticized town’s improvement plan for the Sewun 4 District, positioned throughout from the 14th-century Confucian shrine, describing it as “a transfer that disregards social consensus.”The committee, tasked with finding out and deliberating on issues associated to preservation and administration of cultural heritage websites, stated it’s “following the collection of developments critically.”The committee emphasised it had already reached an settlement with town in 2018,…